61 Shannon Street, Toronto, ON
Trinity-Bellwoods, Toronto · MLS® C13536290
About this home
A Rare Opportunity To Own A Fully Renovated & Reimagined Detached Residence In The Heart Of Trinity-Bellwoods. Set On An Exceptional 30-Foot Lot, This Architecturally Distinct Home Offers Sophisticated Living Across Multiple Levels, Complemented By A Separate Coach House Providing Exceptional Flexibility For Extended Family, Guests, A Home Office, Or Income Potential.
Key facts
- Property type
- Detached, 2 1/2 Storey
- MLS®
- C13536290
- Bedrooms
- 4
- Bathrooms
- 5 (1 half)
- Size
- 2500-3000 sq ft
- Lot
- 30 × 117.25 ft
- Cross streets
- College St & Dovercourt Road
- Parking
- 1 parking
- Basement
- Walk-Out, Finished, Full
- Heating
- Forced Air
- A/C
- Central Air
- Exterior
- Brick
- Foundation
- Concrete
- Roof
- Shingles
- Sewer
- Sewer
- Property tax
- $14,825 / 2026
- Days on market
- 66
- Listing brokerage
- RARE REAL ESTATE
Listed at $3,250,000 with no offer date, so the ask is the seller’s number, and homes priced this way sell close to it. My read is $3.01M, typically $2.84M to $4.25M. Comparable closings on their own put this home around $2.45M, so the ask carries a premium over the comparables: the seller is pricing in the finishes, the lot, or room to negotiate. That gap is your negotiating room.
A price cut is the likelier next move. 66 days on the market, and asking 8% above where comparable closings put it. That is leverage for a buyer: offer with it in mind rather than waiting for the cut, since a reduction brings new eyes with it.
Second read, from the city assessment: $3.16M. That is about 29% above the comparable-sales figure. When my two methods disagree this much, the answer usually sits between them and something about this home is not in the comparables (the lot, the condition, a rebuild). I would want to see it before leaning on either number.
Total price vs nearby homes. Fair value about $3.01M, median of 5 comparables.
The market behind the math:
About 6.8 months of inventory: 9 detached homes for sale in the area against 4 closings in the last 90 days. Under two months favours sellers, over four favours buyers.
Price per square foot: this home lists at $1,182/sqft against an area asking average of $1,363/sqft. Size and $/sqft both feed the estimate above.
- Walk-out basement. Extra light, usable space, and income potential, so the estimate is a conservative floor for it.
How this estimate is builtthe short version
I take the 5 most comparable recent sales nearby and adjust each one to this home for the real differences (size, beds, baths, garage, lot frontage, a ravine backing, an inground pool), then use the median, which is steadier than leaning on any single sale.
It’s grounded in recent closing prices, not asking prices. Lot, condition, and finishes are my in-person call, and the city (MPAC) assessment points to about $3.16M, a close match.
What the listing highlights1 point to weigh
Claims from the listing, worth confirming in person. I can book you a private showing.
- Renovated / rebuilt: recent work can mean fewer upfront costs, worth confirming the scope, quality, and that permits were pulled. Value driver
Schools & getting aroundcatchment and transit
Its public catchment (Ossington/Old Orchard Junior Public School) tests around the provincial average, a steady, family-friendly draw. The full EQAO breakdown is below.
Read this with carewhy it’s an estimate, not an appraisal
There were not many closely comparable homes right in Trinity-Bellwoods, so I widened the search to the surrounding area.
Based on 5 comparable homes that sold in Trinity-Bellwoods over the past two years, from 37 closings there.
Nothing closely matching this home is listed nearby right now, so these are the nearest detached listings on the market. Homes like this one have recently closed around $2.45M, which is where my estimate comes from.
Per square foot, these ask about $1,398/sqft; this home lists at $1,182/sqft. Size is part of the price story, not just the sticker.
The 5 closest active listings nearby.
See all comparable homesNeighbourhood & location
Trinity-Bellwoods, Toronto, ON
Enter a workplace or destination and we’ll show the door-to-door time by car, transit and bike.
How asking prices compare in the closest areas to this home. Longer bars mean a pricier market.
Typical asking price of active listings of the same type, per area (outliers removed). Toronto.
Get the full neighbourhood report (schools, parks, transit & safety) →
The public and Catholic schools this address is zoned for, with EQAO results (the share of students meeting Ontario's provincial standard).
School attendance boundaries and EQAO results are Ontario government data and can change. Confirm the current catchment with the school board before relying on it.
Also nearby: 12 more schools within 2.5 km
Not the assigned catchment: schools a family here could reach, with EQAO results where published.
Affordability & Mortgage
Income needed assumes a ~32% GDS ratio; weekly is mortgage principal & interest only. Price ÷ income is the home price over the income needed. Fixed reference assumptions so listings compare on equal footing, not a lending decision.
Calculate and customize your mortgage and other expenses
Adjust the down payment, rate, and amortization, and add property tax, condo fees, and heating to see your true monthly cost.
Your numbers
Homes over $1.5M can't be insured, so 20% down or more is required.
Conventional (20%+ down). Best insured 5-year fixed 4.09% via Ratehub.ca (as of September 11, 2026); conventional rates run a little higher.
Mortgage amount $2,600,000 · 4.24% over 25 years
Total monthly cost
- Mortgage payment (monthly equivalent)
- $14,017
- Property tax
- $1,235
- Condo / maintenance fees
- $0
- Heating
- $0
- Estimated monthly cost
- $15,252
Add your own property tax, condo fees, and heating on the left for a sharper total.
One-time closing costs
- Ontario land transfer tax
- $67,725
- Toronto municipal land transfer tax
- $70,225
- Estimated closing costs
- $137,950
Plus your down payment of $650,000. Legal fees, title insurance, and adjustments are extra and vary by deal.
Mortgage stress test
Lenders qualify you at the greater of your rate plus 2% or 5.25%. You do not pay this rate. It just shows you could still handle payments if rates rose, so aim to stay comfortable at this higher number.
Over the full 25 years
At the end of your 5-year term
- Total paid over the term
- $841,014
- Principal paid down
- $327,230
- Interest paid
- $513,783
- Balance remaining
- $2,272,770
Talk to Team Asgarian about your options
Rates and programs change often. We will connect you with a trusted mortgage professional and build a plan that fits your budget and goals.
Estimates only, not a mortgage quote or pre-approval. Figures use Canadian semi-annual compounding, current minimum down-payment rules, CMHC premium tiers, and Ontario (plus Toronto, when selected) land transfer tax. Actual rates, taxes, insurance, and closing costs vary by lender and property. Confirm every number with your mortgage professional.
Investor snapshot
The suite is real income here: basements rent in Trinity-Bellwoods (11 of 72 recent detached leases were basement units, around $2,250 a month). The figure above is the whole house on one lease; rented as two units, the suite alone brings about $2,250 a month on top of the upper floors. Permitted use is worth confirming with the city.
Thinking of this home as an investment? We will pull real comparable rents and run the full numbers with you.
Talk about the numbersThe last 6 whole-home leases in Trinity-Bellwoods signed at a median of $12,983 a month; adjusted to this home for size, beds and baths, and for where rents stood the month each signed, that is $12,964. The gross yield above is on the asking price, before taxes and upkeep; the cap rate is after them. A finished basement or second suite can push real rent above it. Taxes, fees, and vacancy vary by property, and cap rate is before financing.
Helpful resources
All information deemed reliable but not guaranteed. For personal, non-commercial use only. Listing courtesy of RARE REAL ESTATE. MLS®/PropTx.