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    For Sale - 588 Ossington Avenue, Toronto, Ontario

    Est payment $8,158/mo
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    Views   1
    Time on Jump  1 days

    AI Summary *

    • Income-generating property with four self-contained units for diverse investment options.
    • Main floor suite includes recreational space and direct access to a large backyard.
    • Second floor offers a bright suite with a private balcony for added charm.
    • Two-car garage with rear access enhances functionality and tenant appeal.
    • Located near restaurants, parks, and transit for exceptional walkability and demand.




    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.
    Listing IDC13162902
    Address588 Ossington Avenue
    CityToronto, Ontario
    Price$1,699,000
    Bed / Bath5 / 4 Full
    Style2 1/2 Storey, Att/Row/Townhouse
    ConstructionBrick
    TypeResidential
    StatusFor Sale

    Subtype Att/Row/TownhouseIndoor Features NoneOwnership FreeholdBasement Finished, Separate EntranceFoundation UnknownHeating / Cooling Forced AirHeating Fuel GasSewer Sewer

    Parking 2.00
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    Listing Agency:  RE/MAX REALTRON REALTY INC.

    * Data is provided courtesy of PROPTX. The information provided herein must only be used by consumers that have a bona fide interest in the purchase, sale, or lease of real estate and may not be used for any commercial purpose or any other purpose. The information is deemed reliable but is not guaranteed accurate by PROPTX.

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    588 Ossington Avenue
    Toronto , Ontario
    5 4 $1,699,000
    Get more info