$7,850/mo - 492 Shaw Street, Downtown Toronto
Townhouse for Rent in Downtown Toronto
Popular ListingNeighbourhood: Palmerston-Little Italy
- MLS Number
- C13677002
- Property Type
- Townhouse
- Status
- active
- Days on Site
- 9
- Bedrooms
- 4
- Bathrooms
- 4
- Square Feet
- 1,500 - 1,999 sqft
- Neighbourhood
- Downtown Toronto / Waterfront
- Listing Brokerage
- SUTTON GROUP-ADMIRAL REALTY INC.
Luxury 3-BR + Den, Executive Townhouse in Little Italy. 3 levels Fully Furnished. Discover refined city living in the vibrant Little Italy neighborhood. Modern elegance & urban convenience, this home offers a rare opportunity to enjoy modern comfort in a traditionally walkable neighbourhood. Step inside to find a sleek, contemporary design with open-concept living and dining areas, high-end finishes, and tasteful furnishings throughout. The gourmet kitchen is fully equipped for both everyday living and entertaining. Upstairs, a private primary retreat awaits complete with spa-inspired ensuite, 2 huge walk-in closets, and a serene atmosphere designed for relaxation. Two additional bedrooms provide versatility for family, guests, and home office space.Outdoors, enjoy a private garden oasis, perfect for summer gatherings or quiet evenings. A dedicated garage ensures convenient parking in the downtown core.Located in one of Toronto's most sought-after neighborhoods, walking distance to University of Toronto, you'll be just steps away from top-rated schools, trendy restaurants, cafes, shops, and easy access to the downtown business district by public transit.This home is ideal for executive families or professionals seeking a turnkey lease opportunity in a prime urban setting.
Discover Palmerston-Little Italy
Palmerston-Little Italy is a vibrant community in the Greater Toronto Area, offering excellent amenities, schools, and transportation options. This area is popular with families and professionals seeking a balanced lifestyle with access to urban conveniences and natural spaces.
Why Live in Palmerston-Little Italy
- •Convenient location in Downtown Toronto / Waterfront
- •Access to local shops and dining
- •Good public transit connections
- •Community parks and green spaces
- •Well-maintained neighbourhoods
Nearby Schools
Transit & Commuting
- •MiWay bus routes throughout the area
- •GO Transit stations within driving distance
- •Easy highway access to 401/403/QEW
- •Walking distance to local amenities
Parks & Amenities
- •Local parks and recreational facilities
- •Community centres
- •Shopping plazas nearby
- •Restaurants and cafes
Lifestyle & Community
Palmerston-Little Italy offers a wonderful quality of life with a mix of residential charm and urban convenience. Residents enjoy easy access to schools, parks, and shopping, making it an ideal location for families and professionals alike.
492 Shaw Street, Downtown Toronto / Waterfront
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How this lease stacks up against the local rental market
Estimated Monthly Budget
Things to Confirm Before Signing
· Are utilities included, or separate?
· How many parking spots are included?
· Is the landlord open to a 1-year or 2-year lease?
· Are pets and small renovations (paint, hooks) allowed?
· When was the last rent increase, if there is a prior tenant?
Utility estimates are approximate and vary by season, habits, and what the landlord includes. Always confirm inclusions with the listing agent.
Joe's Thoughts
Honest perspective from 30+ years of GTA real estate experience
Above Market Rent
At $7,850/mo, this is asking above the typical 4-bedroom rent of ~$4,200/mo in Downtown Toronto. That premium needs to be justified — newer finishes, included parking, a premium location, or utilities included. I'll help you assess whether it's worth it or whether there's room to negotiate.
Townhouse Benefits
Townhouses offer an excellent balance of space and maintenance. You get more room than a condo with lower upkeep than a detached home. Key things to verify: whether it's freehold or condo-titled (affects fees and rules), and the condition of shared walls for noise considerations. Townhouses in Downtown Toronto have shown strong appreciation as families seek more space.
Family-Friendly Layout
4 bedrooms hits the sweet spot for most families. You'll have room for 2-3 children plus a home office or guest room. This is the most sought-after configuration for families relocating to Downtown Toronto. Good resale value as demand remains consistent.
Bathroom Count Matters
With 4 bathrooms, morning routines are much smoother. Multiple bathrooms significantly improve daily livability and are a major selling point for resale. Buyers consistently pay more for adequate bathroom counts - this is a strong feature.
About Palmerston-Little Italy
I know Palmerston-Little Italy well from working with many buyers and sellers here. Each pocket has its own character - let me share what I've learned about this specific street and block. During our showing, I'll point out local amenities, school catchments, and what similar homes have sold for recently.
Lease Terms to Negotiate
Don't just focus on the monthly rent — the lease terms matter just as much. I always advise my rental clients to clarify: what's included (parking, storage, utilities), the lease length options, the landlord's policy on renewals, and whether small personalizations like painting are permitted. These details can make or break your experience over 12–24 months.