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$1,699,000
Available - For Sale
Listing ID: C13162902
Welcome to 588 Ossington Avenue, a rare opportunity to own a dynamic, income-generating property in the heart of Palmerston-Little Italy-one of Toronto's most vibrant and consistently high-demand rental locations. The property is currently configured as four self-contained units, offering multiple income streams and strong flexibility for investors or end-users looking to offset carrying costs. The main floor features a spacious 1+den, 1-bath suite with additional recreational space on the lower level and direct access to a large backyard. The basement includes a separate self-contained bachelor Suite. The second level offers a bright 1+den suite with a private balcony, while the third floor hosts a well-sized 1-bedroom unit. The third-floor tenant is currently on a month-to-month basis, with the remaining units vacant-providing immediate flexibility for leasing or end-user occupancy. Based on current market conditions and rental assumptions, the property presents the potential for an attractive return profile, with cap rate performance that may approach or exceed the 5% range; buyers are advised to conduct their own due diligence. This home offers a turnkey opportunity with limited immediate capital requirements. Features include three separate hydro meters, individual climate control, updated windows, and modern interior finishes throughout. A standout feature is the two-car garage with rear laneway access, significantly enhancing both functionality and tenant appeal. Positioned just steps to Ossington's renowned restaurants, cafes, parks, and transit, this location supports exceptional walkability, strong rental demand, and long-term growth potential.An outstanding opportunity to secure a well-located downtown asset with income-generating potential.
Price $1,699,000
Taxes: $9,637.24
Occupancy by: Partial
Address: 588 Ossington Avenue , Toronto, M6G 3T5, Toronto
Directions/Cross Streets: Ossington Ave & Harbord
Rooms: 10
Rooms +: 3
Bedrooms: 3
Bedrooms +: 2
Washrooms: 4
Family Room: T
Basement: Finished
Separate Ent
  Level/Floor Room Length(ft) Width(ft) Descriptions
Room 1: Main Living Ro 11.78 17.91 Laminate, Combined w/Dining, Large Window
Room 2: Main Dining Ro 11.78 17.91 Laminate, Combined w/Living, Open Concept
Room 3: Main Kitchen 11.78 13.38 Laminate, Stainless Steel Appl, Granite Counters
Room 4: Main Primary B 12.27 12.46 Laminate, Double Closet, Walk-Out
Room 5: Main Den 11.81 9.68 Laminate, Double Closet, Window
Room 6: Second Living Ro 15.35 15.35 Laminate, Combined w/Kitchen, Window
Room 7: Second Kitchen 8.99 14.99 Laminate, Combined w/Living, Stainless Steel Appl
Room 8: Second Primary B 12.10 12.30 Laminate, Double Closet, Window
Room 9: Second Den 8.86 7.61 Laminate, Double Closet, Window
Room 10: Upper Living Ro 12.53 10.89 Laminate, Combined w/Kitchen, Walk-Out
Room 11: Upper Kitchen 15.35 10.69 Laminate, Combined w/Living, Stainless Steel Appl
Room 12: Upper Primary B 12.89 13.64 Laminate, Double Closet, Window
Room 13: Lower Recreatio 11.35 19.98 Laminate, Combined w/Kitchen, Stainless Steel Appl
No. of Pieces Level
Washroom 1:  4 Main
Washroom 2:  4 Second
Washroom 3:  4 Upper
Washroom 4:  3 Lower
Washroom 5:  0
Washroom 6:  4 Main
Washroom 7:  4 Second
Washroom 8:  4 Upper
Washroom 9:  3 Lower
Washroom 10:  0
Washroom 11:  4 Main
Washroom 12:  4 Second
Washroom 13:  4 Upper
Washroom 14:  3 Lower
Washroom 15:  0
Property Type: Att/Row/Townhouse
Style: 2 1/2 Storey
Exterior: Brick
Garage Type: Detached
(Parking/)Drive: None
Drive Parking Spaces: 0
Park #1
Parking Type: None
Park #2
Parking Type: None
Pool: None
Approximatly Square Footage: 2000-2500
CAC Included: N
Water Included: N
Cabel TV Included: N
Common Elements Included: N
Heat Included: N
Parking Included: N
Condo Tax Included: N
Building Insurance Included: N
Fireplace/Stove: N
Heat Type: Forced Air
Central Air Conditioning: Central Air
Central Vac: N
Laundry Level: Syste
Ensuite Laundry: F
Sewers: Sewer
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RE/MAX REALTRON REALTY INC.

588 Ossington Avenue , Toronto, M6G 3T5, Toronto


 
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Type: Freehold - Att/Row/Townhouse
Area: Toronto
Municipality: Toronto C01
Neighbourhood: Palmerston-Little Italy
Style: 2 1/2 Storey
Lot Size: x 127.00(Feet)
Approximate Age:
Tax: $9,637.24
Maintenance Fee: $0
Beds: 3+2
Baths: 4
Garage: 0
Fireplace: N
Air Conditioning:
Pool: None
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Personal Pic Maria Tompson Sales Representative Your Company Name, Brokerage Independently owned and operated. pic Cell: 416-548-7854 | Office: 416-548-7854

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Maria Tompson
Sales Representative
Your Company Name, Brokerage
Independently owned and operated.
sales@bestforagents.com



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