641 Ossington Avenue
Palmerston-Little Italy, Toronto, M6G 3T6
FOR SALE
$1,550,000

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4 + 1
BEDROOMS4
BATHROOMS2 + 1
KITCHENS8 + 3
ROOMSC12713720
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Property Description
Live in one and rent two, co-own with privacy, or hold as a fully operational income property - 641 Ossington Ave offers multiple ownership paths, backed by proven rent and two of three units vacant and ready to lease. This fully maintained semi features 3 self-contained units on a 19' x 126' lot in Palmerston-Little Italy. The renovated upper 3-bed/2-bath suite (private entry, hardwood, rooftop deck, keypad entry, central air; water included) is leased to excellent tenants at $3,569.50/mo who'd like to stay, delivering market rent from day one. The main-floor 1-bed/1-bath is vacant, reinsulated, with newer fridge and stacked laundry and exclusive use of the paved backyard, while the renovated 1-bed/1-bath basement suite (separate keypad entry) is also vacant and rental-ready. Seller improvements focus on the items that protect cash flow: exterior waterproofing along the north wall, sump pump, redone side-yard concrete for drainage, extensive north-wall masonry/tuckpointing (2024), exterior window sealing (2025), insulation upgrades, updated kitchens/appliances, new lighting, and newer shared washer/dryer for upper and lower units. A detached two-car garage adds real Ossington value for parking or storage (no driveway). Steps to TTC, bike lanes, Bloor and Ossington's shops and restaurants - strong tenant demand today with long-term value for owners.
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Nearby Intersections
Property Features
Fenced Yard, Park, Public Transit, School, Accessory Apartment, Water Heater, Sump Pump, Auto Garage Door Remote, On Demand Water Heater, Ventilation System, None, Carbon Monoxide Detectors, Smoke Detector
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Property Details
Address
641 Ossington Avenue
Community
City
Postal Code
M6G 3T6
Property Type
Semi-Detached , Semi-Detached
Lot Size
19' x 126'
Taxes
$8,672 (2025
Basement
Apartment, Separate Entrance
Exterior
Deck, Patio, Porch
Heat Type
Forced Air
Heat Source
Gas
Water
Municipal
Garage Type
Detached
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Listing contracted with Bspoke Realty Inc.
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A Great Location! Child Safe Cul-De-Sac. Over Look Beautiful Lawn, Enclosed Fenced PrivateBackyard. Brazilian Hardwood Floors Through-Out. Very Bright In 2nd Floor, . Largest UniqueModel . Built in Fridge (Kitchen Aid), Gas Stove, Built in Dishwasher, Built In Oven andWarmer , Built In Microwave, All Electrical fixtures and Window Covering. 2nd Floor Primarybedroom with large Custom Dressing Room Large En-suite Heated floor Bath & Laundry Room, 2ndlarge Primary Bedroom With Walking Closet & En-suite bath. Fin Bsmt With a half kitchencabinet installed and build in sink . Great school area for Yonge ones , Close to Bus stopand transit . It's a must see!
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