$950,000 - 55 Shirley Street, Downtown Toronto
Townhouse for Sale in Downtown Toronto
New — Listed 4 days agoNeighbourhood: Little Portugal
- MLS Number
- C13694078
- Property Type
- Townhouse
- Status
- active
- Days on Site
- 4
- Bedrooms
- 3
- Bathrooms
- 2
- Square Feet
- 1,100 - 1,499 sqft
- Neighbourhood
- Downtown Toronto / Waterfront
- Listing Brokerage
- CENTURY 21 REGAL REALTY INC.
Welcome to this beautifully renovated home, extensively updated from top to bottom with quality craftsmanship and modern finishes throughout. Renovated between 2023 and 2026, nearly every major component has been upgraded, offering stylish, move-in-ready living with peace of mind. Inside, you'll find new flooring throughout, a stunning new kitchen, and fully renovated bathrooms on both the upper level and basement, complete with updated plumbing. A sleek glass balustrade adds a contemporary touch, while the finished basement features new flooring, pot lights, new windows, a separate front entrance, and a fire-rated entry door, creating versatile additional living space. The home also features 200-amp ESA-approved electrical service, updated washroom plumbing with a dedicated upper-level washer and dryer connection, most new windows throughout the home, a new patio door, and a high-efficiency heat pump and air conditioning system for year-round comfort, complemented by a newer rental hot water tank. New vinyl siding, a brand-new front veranda, a new rear veranda, and a stylish front entry door, delivering outstanding curb appeal. Enjoy exceptional connectivity with the UP Express within walking distance, the future Lansdowne GO Station adding even greater transit access, and both the Dundas and College streetcars just a five-minute walk away for an easy downtown commute. You'll also be steps from grocery stores, including one of the city's best No Frills locations, and an outstanding selection of cafes, restaurants, boutiques, and local shops along Dundas West, the Ossington Strip, and Roncesvalles Village. Families will appreciate the excellent nearby schools, while outdoor enthusiasts will enjoy easy access to Mary McCormick Park and Recreation Centre, featuring a pool, gym, ice rink, and playground, as well as the beloved Sorauren Park. Rare opportunity to enjoy a beautifully updated home in one of Toronto's most desirable west-end neighbourhoods.
Estimate your monthly payments for this property
Estimated Payment
$4,873.99/mo
Includes CMHC insurance ($26,505)
5-yr fixed avg.
Rates shown are estimates based on typical Ontario 5-year fixed rates. Canadian mortgages use semi-annual compounding as required by law. CMHC insurance applies to purchases under $1.5M with less than 20% down. Estimated property tax uses an approximate 0.85% rate. Contact us for current rate options and pre-approval.
Discover Little Portugal
Little Portugal 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 Little Portugal
- •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
Little Portugal 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.
55 Shirley Street, Downtown Toronto / Waterfront
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Rental income estimator & ROI calculator
Monthly Cash Flow Breakdown
Note: These are estimates only. Actual figures may vary based on market conditions, property condition, and other factors. Consult with a financial advisor for personalized advice.
Joe's Thoughts
Honest perspective from 30+ years of GTA real estate experience
Fair Market Value
At $864/sqft, this property is priced in line with current Downtown Toronto market conditions. The pricing suggests the seller has done their homework. We may have modest room for negotiation, typically 2-4% in today's market.
Just Listed - Act Strategically
This property hit the market within the last week. In Downtown Toronto's current market, desirable homes often receive multiple offers within 5-7 days. If you're seriously interested, I recommend booking a showing immediately. However, never let urgency override due diligence - we'll still do proper inspections.
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.
Starter Home Potential
3 bedrooms works well for couples planning families or small families with one child. Consider whether you might outgrow the space in 5-7 years. If so, factor in potential moving costs when making your decision. Alternatively, some buyers convert a bedroom to an office and make it work long-term.
About Little Portugal
I know Little Portugal 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.
Investment Perspective
Looking at this as an investment: Downtown Toronto properties have averaged 5-7% annual appreciation over the past decade. Your estimated monthly carrying costs would be around $3,958 (mortgage, taxes, insurance). Consider whether you're comfortable with this as both a home and a financial commitment.