737 Shaw Street, Toronto, ON
Palmerston-Little Italy, Toronto · MLS® C13733634
About this home
In short
- Welcome to 737 Shaw St-a beautifully renovated 3-storey home offering 4 bedrooms and 4 bathrooms in the heart of one of Toronto's most vibrant neighbourhoods.
- Filled with character and thoughtfully updated for modern family living, the home features 9' ceilings, hardwood floors, pot lights and a striking open staircase with...
- The open-concept main floor showcases a chef-inspired kitchen with quartz countertops, stainless steel appliances, a stylish tile backsplash and a large centre island.
- The adjoining dining area walks out to a sun-filled deck and a spacious private backyard complete with newer interlocking, fencing and a sun shelter-perfect for...
- The finished walkout basement offers a separate entrance, modern kitchen and bathroom, providing excellent in-law suite or potential income possibilities.
Welcome to 737 Shaw St-a beautifully renovated 3-storey home offering 4 bedrooms and 4 bathrooms in the heart of one of Toronto's most vibrant neighbourhoods. Filled with character and thoughtfully updated for modern family living, the home features 9' ceilings, hardwood floors, pot lights and a striking open staircase with glass accents. The open-concept main floor showcases a chef-inspired kitchen with quartz countertops, stainless steel appliances, a stylish tile backsplash and a large centre island. The adjoining dining area walks out to a sun-filled deck and a spacious private backyard complete with newer interlocking, fencing and a sun shelter-perfect for relaxing and entertaining. 4 generously sized bedrooms include a private third-floor primary retreat with its own ductless A/C, a terrace with impressive views and a luxurious 5-piece ensuite featuring a freestanding tub and double vanity. The finished walkout basement offers a separate entrance, modern kitchen and bathroom, providing excellent in-law suite or potential income possibilities. Detached garage with convenient laneway access. Steps to Christie Pits Park, Bloor Street, Christie and Ossington subway stations, Montrose Junior P.S., cafés, restaurants and shops, with easy access to U of T, the Annex, Yorkville and Little Italy. A rare opportunity to enjoy space, style and convenience in an exceptional downtown location!
Key facts
- Property type
- Semi-Detached, 3-Storey
- MLS®
- C13733634
- Bedrooms
- 4
- Bathrooms
- 5 (1 half)
- Size
- 1500-2000 sq ft
- Lot
- 17 × 129.46 ft
- Cross streets
- Bloor / Ossington
- Parking
- 1 garage (detached)
- Driveway
- Lane
- Basement
- Finished with Walk-Out
- Kitchens
- 2 (1 + 1)
- Heating
- Forced Air
- A/C
- Central Air
- Exterior
- Stucco (Plaster)
- Foundation
- Unknown
- Roof
- Asphalt Shingle
- Sewer
- Sewer
- Property tax
- $6,885 / 2025
- Days on market
- 28
- Listing brokerage
- DREAM HOME REALTY INC.
Rooms
hardwood floor · large window · w/o to balcony
centre island · b/i appliances · backsplash
hardwood floor · w/o to deck
5 pc ensuite · w/o to balcony
fireplace · hardwood floor · open concept
3 pc ensuite · b/i closet · hardwood floor
laminate · open concept
Laminate
closet · hardwood floor · large window
Listed at $2,050,000. Going by how homes in Palmerston-Little Italy and the wider GTA have actually closed against their asking prices (about 99%, 14 local closings in 90 days), the likely sale price is near $2.03M, if it sells. A realistic range is $1.90M to $2.28M.
Independent value check: $1.79M. Without looking at the asking price, our model values the home itself about 13% below the ask (homes like it typically land between $1.68M and $1.88M).
Why $1.79M. The typical semi-detached home sold in Palmerston-Little Italy over the past year went for about $1.38M (44 sales). What sets this one apart:
- ▲ Raises it strongly4 bedrooms and 5 baths, against 4+1 and 3 typically.
- ▲ Raises itThe listing describes it as fully renovated or newly built.
- ▼ Lowers itIts tax bill, which follows the city's own assessment, is $6,885 a year; the typical home sold here pays about $7,600.
- ▼ Lowers it slightly1 garage and 1 total parking spaces, against 2 and 2 typically.
Total price vs nearby homes. Likely closing about $2.03M, from 14 recent closings in this pocket.
The market behind the math:
About 2.4 months of inventory: 11 semi-detached homes for sale in the area against 14 closings in the last 90 days. Under two months favours sellers, over four favours buyers.
Price per square foot: this home lists at $1,171/sqft against an area asking average of $1,026/sqft.
- Walk-out basement apartment features. A finished walk-out basement apartment with a second kitchen. A self-contained space for extended family, guests or potential income. Basements do rent in Palmerston-Little Italy: 28 of the 142 detached leases here lately were basement units, around $1,750 a month. That makes the suite real income. Second-suite retrofit status is not verified. A buyer intending to rent should confirm requirements with the City of Toronto.
How this estimate is builtthe short version
This figure comes from a model built on about 44,000 recent GTA sales. It weighs this home’s tax assessment, size, age, location and features against what homes like it actually sold for, including sales in this neighbourhood.
It never sees the asking price. The 14 most comparable recent sales on their own, adjusted for size, beds, baths and lot, point to about $1.31M. Condition and finishes remain an in-person call.
What the listing highlights5 points to weigh
Claims from the listing, worth confirming in person. I can book you a private showing.
- Separate entrance / basement suite: rental or in-law income potential, if it is legally registered and retrofit-compliant. Income potential
- Walk-out basement: natural light and strong in-law or income potential. Income potential
- Renovated / rebuilt: recent work can mean fewer upfront costs, worth confirming the scope, quality, and that permits were pulled. Value driver
- Premium lot / gardens: lot size and privacy hold value and cannot be changed, verify frontage, depth, and any easements. Value driver
- Open-concept layout: modern, sought-after flow. Lifestyle
Schools & getting aroundcatchment and transit
Its public catchment (King Edward Junior and Senior 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 Palmerston-Little Italy, so I widened the search to the surrounding area.
Based on 5 homes sold on this street over the past two years, from 89 closings in Palmerston-Little Italy.
For sale
For sale
For sale
For sale
For sale
For saleNothing closely matching this home is listed nearby right now, so these are the nearest semi-detached listings on the market. Homes like this one have recently closed around $1.79M, which is where my estimate comes from.
Per square foot, these ask about $1,057/sqft; this home lists at $1,171/sqft. Size is part of the price story, not just the sticker.
The 5 closest of 6 active listings nearby.
See all comparable homesNeighbourhood & location
Palmerston-Little Italy, 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 4.34% via Ratehub.ca (as of September 30, 2026); conventional rates run a little higher.
Mortgage amount $1,640,000 · 4.49% over 25 years
Total monthly cost
- Mortgage payment (monthly equivalent)
- $9,068
- Property tax
- $574
- Condo / maintenance fees
- $0
- Heating
- $0
- Estimated monthly cost
- $9,642
Add your own property tax, condo fees, and heating on the left for a sharper total.
One-time closing costs
- Ontario land transfer tax
- $37,725
- Toronto municipal land transfer tax
- $37,725
- Estimated closing costs
- $75,450
Plus your down payment of $410,000. 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
- $544,070
- Principal paid down
- $200,378
- Interest paid
- $343,693
- Balance remaining
- $1,439,622
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 Palmerston-Little Italy (28 of 142 recent detached leases were basement units, around $1,750 a month). The figure above is the whole house on one lease; rented as two units, the suite alone brings about $1,750 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 21 whole-home leases in Palmerston-Little Italy signed at a median of $4,423 a month; adjusted to this home for size, beds and baths, and for where rents stood the month each signed, that is $4,873. 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 DREAM HOME REALTY INC.. MLS®/PropTx.