499 Ontario Street, Toronto, ON M4X 1M7
Toronto C08, ON, M4X 1M7 · Cabbagetown-South St. James Town
About this property
Welcome to 499 Ontario Street, a spectacular, fully renovated legal duplex in the heart of historic Cabbagetown. The ultimate turnkey opportunity for investors, multi-generational families, or live-rent buyers, this property seamlessly blends classic character with high-end modern design. Step inside to discover soaring ceilings, stunning exposed brick accents, gorgeous marble floors, and premium contemporary finishes throughout. The building is divided into two well-appointed, self-contained residences, each featuring independent ensuite laundry, gourmet kitchens with sleek stainless-steel appliances, and rare, private outdoor spaces. The upper unit is a sun-drenched sanctuary boasting 3 spacious bedrooms, 2 elegant bathrooms, and a spectacular private rooftop deck perfect for relaxing above the city. Below, the main-floor and lower-level suite offers a beautifully executed 4-bedroom, 2-bathroom layout, complete with direct walk-out access to its own private, fully fenced yard. To top it off, this property includes a highly coveted two-car parking pad at the rear-an absolute premium in this historic downtown neighbourhood. Perfectly positioned just steps from vibrant shops, cafes, and patios of Parliament Street, scenic local parks, and transit - this exceptional asset delivers the perfect combination of location, modern luxury, and incredible cash flow.
Features & Amenities
- Basement: Apartment
- Garage: None
- Cooling: Central Air
- Heat Type: Forced Air
- Heat Source: Gas
- Style: 2 1/2 Storey
- Construction: Brick
- Sewer: Sewer
Property Details
| Property Type | Residential Freehold |
|---|---|
| Property Sub-Type | Duplex |
| Architectural Style | 2 1/2 Storey |
| Bedrooms | 7 |
| Bathrooms | 4 |
| Basement | Apartment |
| Garage | None |
| Parking Spaces | 2 |
| Heat Type | Forced Air |
| Heat Source | Gas |
| Cooling | Central Air |
| Sewer | Sewer |
| Annual Tax | $8,762 |
| Tax Year | 2026 |
Interior Features
- Interior Features
- Accessory Apartment, Sump Pump
- Fireplace
- Yes
- Fireplace Features
- Natural Gas
Exterior Features
- Exterior Features
- Patio, Paved Yard
- Pool Features
- None
Building & Construction
- Architectural Style
- 2 1/2 Storey
- Construction Materials
- Brick
- Foundation Details
- Stone
- Roof
- Other, Slate
- Basement
- Apartment
- Approximate Age
- 100+
Heating & Cooling
- Heat Type
- Forced Air
- Heat Source
- Gas
- Cooling
- Central Air
Parking & Garage
- Garage Type
- None
- Parking Spaces
- 2
- Parking Total
- 2.00
- Parking Features
- Private Double
- Covered Spaces
- 0
Lot & Land
- Lot Size Units
- Feet
- Lot Depth
- 107.81
- Lot Width
- 17.67
Community & Neighborhood
- Property Features
- Fenced Yard, Hospital, Place Of Worship, Public Transit, Rec./Commun.Centre, School
Financial & Tax
- Tax Annual Amount
- $8,762
- Tax Year
- 2026
- Possession Type
- Flexible
- Possession Details
- 30/60/90 Flexible
Utilities & Services
- Sewer
- Sewer
Room Details
- Rooms Above Grade
- 11
- Rooms Below Grade
- 2
- Kitchens Above Grade
- 2
- Kitchens Total
- 2
- Bedrooms Above Grade
- 5
- Bedrooms Below Grade
- 2
Additional Details
- Occupant Type
- Partial
- Direction Faces
- East
- County Or Parish
- Toronto
- Cross Street
- PARLIAMENT AND CARLTON
- Directions
- PARLIAMENT AND CARLTON
- Special Designation
- Heritage
- Showing Requirements
- Lockbox
Location
499 Ontario Street, Toronto, ON M4X 1M7, Toronto C08, ON, M4X 1M7