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665 OSSINGTON AVENUE, Toronto (Palmerston-Little Italy) — listed at $1,199,000. Earn buyer cashback at closing. No catches, just more money in your pocket.
Savvy Investors and Developers! Don't Miss this Exceptional Opportunity in A High Demand Neighborhood with An Outstanding Walk Score. Charming century 3-storey semi-detached home located just a short 4 minute walk from Ossington Subway Station and steps from the eclectic shops and restaurants along Bloor Street, Steps to Christie Station, Koreatown, Little Italy and Harbord Village. Full of original character and charm. Fully-fenced backyard. Detached 1.5 garage via laneway was constructed about 15 years ago (garage door remote included). Basement apartment about 8ft high with separate entrance. Basement renovation and addition in the back is about 10 years old. With over 2100 sqft above grade living space, 5+1 spacious bedrooms, a finished basement apartment with a separate entrance, multiple separate entrances can easily convert the home into a triplex or fourplex, and a fenced backyard leading to a detached garage with laneway access, this property offers immense potential. Simply clearing out the current items and do some cosmetic updates-applying a fresh coat of bright, modern paint will instantly transform the space and maximize its value. Whether you're looking to a laneway house or convert into 4 self-contained units, generate strong rental income across multiple suites or redevelop and maximize the lot's value, the possibilities are endless. Perfect for developers, contractors, investors or multi-generational living. (some of the photos are virtually staged) (id:60164)
Does it have a basement, and is it finished?+
The listing describes the basement as: Apartment in basement, Separate entrance, Walk-up, N/A, N/A, N/A. Confirm the finishing status during a showing — it affects both livable space and resale value.
What are the ongoing costs beyond the mortgage?+
Budget for annual property taxes of $7,642.42, heating is forced air, natural gas. Always verify the latest figures with your agent before making an offer — these change yearly.
Could this work as an investment property?+
The basement description mentions: Apartment in basement, Separate entrance, Walk-up, N/A, N/A, N/A. If it has a separate entrance, there may be rental income potential — but verify zoning and whether a legal second unit is permitted in Toronto (Palmerston-Little Italy) before counting on it.
Is there air conditioning?+
No central cooling is listed. Budget for portable or window units, or get a quote for adding central air — typically $5,000–$10,000 installed.
What's the parking situation?+
This property includes 1 space — Detached Garage, Garage.
What makes this a luxury property?+
At $1,199,000, standout features include 4 bathrooms. In this price range, expect higher-end finishes — verify during a showing.
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