Nestled on one of Cabbagetown’s most picturesque stretches, a classically restored Victorian has hit the market, serving old Toronto elegance with a distinctly modern twist.
The 3-storey Bay-and-Gable stunner at 488 Ontario Street stands out not just for its rare width — an impressive 21.7 feet across — but also for its meticulous restoration, which honours its 19th-century provenance while catering to today’s most discerning urbanites.
Inside, the home spans over 3,200 sq. ft, brimming with nods to its original architectural details: a grand three-storey staircase, ornate ceiling medallions, intricate crown mouldings, and a wood-burning fireplace framed by white marble. Pocket doors and wide-plank hardwood floors further the sense of warmth and refinement that runs through each of the home’s gracious principal rooms.
Specs:
- Address:388 Ontario Street, Toronto
- Bedrooms: 3+1
- Bathrooms: 5
- Listed at: $2,488,000
- Listed by: Ronald Reaman, Sotheby's International Realty Canada
The main floor sets the tone with soaring 10.5-foot ceilings and a striking open-concept kitchen complete with a centre island, stone counters, gas fireplace, and bright breakfast nook — all of which flow seamlessly out to a private rear patio, ideal for your morning coffee or evening glass of wine.
The second level features a luxe retreat: a sprawling primary suite with its own fireplace, bay window, walk-in closet, and spa-worthy ensuite featuring heated floors and a steam shower. Two additional bedrooms and a full bath offer flexibility for family, guests, or a home office setup.
Head further upstairs and you’ll find the crown jewel of the property: a vaulted third-floor family room that feels part games den, part entertainment lounge, complete with skylights, a wet bar, Sub-Zero fridge, and a fourth fireplace. The space spills out onto a rooftop terrace with sweeping views of the city skyline — a rare find in this storied neighbourhood.
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Our Favourite Thing
The third-floor family room steals the show. Vaulted ceilings, a built-in bar with a Sub-Zero fridge, and a walk-out to a skyline-view terrace? It's an entertainer’s dream — and a perfect perch to savour Cabbagetown’s charm from above.
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Downstairs, the finished lower level makes the most of its separate entrance and radiant-heated floors. A second kitchen, full bath, fourth bedroom, and media room make it ideal for extended family, a nanny suite, or next-level movie nights.
Located just steps from Parliament Street’s thriving mix of shops, cafés, and restaurants — not to mention TTC access and several lush parks — this property blends historic pedigree with contemporary functionality.
For those looking to own a piece of Toronto’s architectural legacy without sacrificing comfort or convenience, your search can end here.
WELCOME TO 488 ONTARIO STREET
LIVING, KITCHEN, AND DINING
BEDS AND BATHS
UPPER LOUNGE
ROOFTOP TERRACE
LOWER LEVEL
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This article was produced in partnership with STOREYS Custom Studio.
