641 Ossington Avenue

Toronto, ON M6G 3T6 ( Palmerston-Little Italy)

Quick Facts

Type: Semi-Detached

Style: 2 1/2 Storey

Size: Sq Ft

Age: Years

Taxes: $ 8,672 ( 2025)

Updated: 2026-02-28 23:50:15

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.

Extras

Semi-Detached

Property

Status: For Sale

MLS #: C12713720

Price: $ 1,499,000

Address: 641 Ossington Avenue

Type:

Style: 2 1/2 Storey

Size: Sq Ft

Age: Years

Front On:

Taxes: $ 8,672

Tax Year: 2025

Lot Size:

Neighbourhood: Palmerston-Little Italy

Nearest Intersection: Bloor / Ossington

City: Toronto

Postal Code: M6G 3T6

DOM: 19 Days

Last Update: 2026-02-28 23:50:15

Building

Interior

Bedrooms: 5

Bathrooms: 4

Rooms: 0

Kitchens: 3

Family Room:

Fireplace:

Basement: Apartment Separate Entrance,

Central Vacuum:

Exterior

Exterior: Brick Vinyl Siding,

Driveway:

Garage: None

Garage Spaces:

Parking Spaces: 2.00

Pool:

Utilities

Electricity (Hydro):

Gas:

Phone:

Cable TV:

Heat Type: Forced Air

Heat Source: Gas

Air Conditioning: Central Air

Water:

Sewers:

Features

Rooms