493 Ossington Avenue
Palmerston-Little Italy, Toronto, M6G 3T3
FOR SALE
$999,000
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6 + 1
BEDROOMS2
BATHROOMS2
KITCHENS8 + 1
ROOMSC13545500
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Property Description
Welcome to 493 Ossington Avenue-an exceptional opportunity to own a legal duplex in the heart of the highly sought-after Palmerston-Little Italy neighbourhood. Built in 1896, this grand residence blends timeless character with modern upgrades, offering over 4 levels of versatile living space ideal for multi-generational families or buyers seeking a strong mortgage helper. With five bedrooms, including two on the finished third level, and soaring ceilings on the main floor, the home delivers the space and flexibility today's buyers crave.Thoughtfully updated and move-in ready, the property offers multiple living configurations. Enjoy it as a spacious single-family home, or take advantage of the legal duplex setup by living in one unit while renting the other. The upper level functions beautifully as a large 3-bedroom suite, creating excellent income potential without compromising comfort or privacy. A rear addition expands the main floor with a generous family room, while the separate living and dining areas offer the option to open up into one expansive entertaining space. Outside, a rare double-car garage with laneway access provides easy, secure parking-an incredible asset in this location. With a 95 Walk Score, 93 Transit Score, and 76 Bike Score, everything you need is at your doorstep. Walk to the vibrant energy of College Street and Little Italy, explore Kensington Market, enjoy nearby green spaces like Dufferin Grove Park and Trinity Bellwoods, and benefit from close proximity to Toronto Western Hospital.This is more than just a home-it's a flexible investment in lifestyle and long-term value. Whether you're accommodating extended family, offsetting your mortgage with rental income, or simply looking for space in one of Toronto's most dynamic communities, 493 Ossington delivers a rare and compelling opportunity.
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Property Features
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Property Details
Address
493 Ossington Avenue
Community
City
Postal Code
M6G 3T3
Property Type
Semi-Detached , Semi-Detached
Lot Size
20' x 126'
Taxes
$7,692 (2025
Basement
Finished with Walk-Out
Heat Type
Forced Air
Heat Source
Gas
Water
Municipal
Garage Type
Detached
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Listing contracted with Royal Lepage Signature Susan Gucci Realty
Exceptional investment opportunity in the heart of Toronto's highly sought-after Beaches neighbourhood! This two-storey semi-detached home offers three self-contained units, making it ideal for investors, multi-generational families, or owner-occupants seeking rental income.The second-floor suite features 3 spacious bedrooms, a large updated kitchen, and a full bathroom. The main-floor unit offers 3 spacious bedrooms, a kitchen, and a full bathroom walkout to front porch and is currently occupied by tenants. The separate basement apartment includes 1 bedroom, its own kitchen, and a full bathroom, providing additional income potential.Complete with a private garage and parking for 2 vehicles, this versatile property is located just minutes from the beach, parks, schools, transit, vibrant shops, cafés, and restaurants. A rare opportunity to own an income-generating property in one of Toronto's most desirable waterfront communities.
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Investment opportunity knocks in the heart of East York. This fully rented triplex (as per Geowarehouse) offers stable income and long-term upside in one of Toronto's most sought-after neighbourhoods. Comprising of a main floor two bedroom unit, an upper level 3 bedroom unit and a lower level one bedroom unit with each separate entrances. Approximately 2400 sq ft of living area inclusive of the lower level, on a corner lot 20.67 x 85 ft. Roof completed in 2019, Electrical service two 100 amps panels completed in 2015. Located within close proximity to the Danforth, Woodbine Subway Station, Taylor Creek Park, schools, shops, cafés, and everyday amenities.
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***Location Location Location*** Great Investment Property Is Waiting For You! Is A Hidden Gym Located In An Trendy Neighborhood Waiting For The Right Astute Buyer. The Property Currently Boasts Two Kitchens/Two Units With Multiple Bedrooms For Resident's Needs. Potential Total Market Rents Can Reach $5200 PLUS! Bathroom On Each Floor. The Property Includes a Large Lane Way Garage. House Can Be Easily Transformed Back Into Single Family Unit By Breaking Drywall Partition On Main Floor Bedrooms To Create a Large Living And Dinning Space. The Area Has Many Exciting Projects Just Finishing and Starting, Nearby Public Transit, Stockyards Shopping Centre, With Many Parks and Schools Nearby. This Is A Great Property Waiting For You. **EXTRAS** Property Is Divided Into Two Units (Front & Back Units). First Entrance To The Main & Second Floor Unit In The Front. Other Half Of Main Floor & Basement Unit Entrance Located At The Back. Two Finished Basement Bedrooms Not Shown In Pictures & Floor Plan.
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Bright and spacious updated bungalow with generous footprint and highly functional layout in family friendly Victoria Village neighbourhood. Currently set up as two units; 3 bedroom main floor + 2 bedroom basement apartment with side entrance. Great house to live in with added income or as investment or easy reversion to single family home. Main floor features nice hardwood floors, big windows, big kitchen and three bedrooms each with closets. The updated lower unit has good ceiling height with modern kitchen and bathroom. Shared lower level laundry area. Private drive for easy parking + front and back gardens for ample outdoor space. Quiet residential setting with new development bringing new energy to the neighbourhood. New Eglinton LRT offers rapid transit with Golden Mile offering an abundance of local shops and amenities + continued future development. Local Bermondsey area has mixed use commercial business including cafes and start up breweries. Easy highway access; DVP & 401. Currently tenanted, month to month. Main floor($1,400/mo), Basement ($1,000/mo). Home inspection report available
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