641 Ossington Avenue, Toronto - Sold for $1,472,000 | Modern Solution Realty

641 Ossington Avenue, Toronto

641 Ossington Avenue in Toronto - 5 bedroom, 4 bathroom. Sold for $1,472,000. Listed at $1,499,000.

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.

Property Details

  • Property Type: Mortgage
  • Style: 2 1/2 Storey
  • Square Footage: 1750 sqft
  • Basement: Apartment
  • Heating: Gas
  • Cooling: Central Air
  • Parking: 2 spaces
  • Property Taxes: $8,672/yr
  • Neighbourhood: Palmerston-Little Italy
  • Postal Code: M6G 3T6

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