empty room with dark wood-style flooring and recessed lighting Features: recessed lighting, natural light, drywall, vent, baseboards wall, wood finish floor More Photos

×

    For Sale - 588 Ossington Avenue, Toronto, Ontario

    Est payment $8,158/mo
    Get pre-qualified
    Views   4
    Time on Jump  109 day

    AI Summary *

    • Located in a high-demand rental area with strong investment potential.
    • Configured as four self-contained units for multiple income streams.
    • Large backyard and recreational space for added value.
    • Modern finishes and individual climate control in each unit.
    • Two-car garage with rear access enhances tenant appeal.




    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
    ASAP

    Wed

    9

    Sep

    Thu

    10

    Sep

    Fri

    11

    Sep

    Sat

    12

    Sep

    Sun

    13

    Sep

    Mon

    14

    Sep

    Tue

    15

    Sep

    Wed

    16

    Sep

    Thu

    17

    Sep

    Fri

    18

    Sep

    Sat

    19

    Sep

    Sun

    20

    Sep

    Mon

    21

    Sep

    Tue

    22

    Sep

    Wed

    23

    Sep

    Thu

    24

    Sep

    Fri

    25

    Sep

    Sat

    26

    Sep

    Sun

    27

    Sep

    Mon

    28

    Sep

    Tue

    29

    Sep

    Wed

    30

    Sep

    Thu

    1

    Oct

    Fri

    2

    Oct

    Sat

    3

    Oct

    Sun

    4

    Oct

    Mon

    5

    Oct

    Tue

    6

    Oct

    Wed

    7

    Oct

    By clicking “Get pre-qualified” and/or 'Submit' you are expressly consenting, in writing, to receive telemarketing and other messages, including artificial or prerecorded voices, via automated calls or texts from jumprealty.ca and up.mortgages at the number you provided above. This consent is not required to purchase any good or service. Message and data rates may apply, frequency varies. Text HELP for help or STOP to cancel. More details in Terms of Use and Privacy Policy.

    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.

    Hospital
    Parks
    Schools
    Place of Worship
    Please select an amenity above to view a list.

    Recommended Properties

    124 Stilecroft Drive
    Toronto, Ontario.
    5 Beds | 4 Baths
    $1,475,000
    229 Winona Drive
    Toronto, Ontario.
    7 Beds | 3 Baths
    $1,569,000
    81 Thursfield Crescent
    Toronto, Ontario.
    4 Beds | 3 Baths
    $1,750,000
    16 Mackenzie Crescent
    Toronto, Ontario.
    5 Beds | 5 Baths
    $1,899,000
    53 Langford Avenue
    Toronto, Ontario.
    4 Beds | 2 Baths
    $1,489,000
    220 Medland Street
    Toronto, Ontario.
    4 Beds | 2 Baths
    $1,795,000
    253 Donlea Drive
    Toronto, Ontario.
    5 Beds | 3 Baths
    $1,695,000
    20 Wellesbourne Crescent
    Toronto, Ontario.
    4 Beds | 4 Baths
    $1,595,000
    84 Lynnhaven Road
    Toronto, Ontario.
    5 Beds | 3 Baths
    $1,725,000
    Loading...
    588 Ossington Avenue
    Toronto , Ontario
    5 4 $1,699,000
    Get more info