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Tony & Ledi Real Estate Team

info@tonyledi.com +1(647) 493-3579

$ 1,749,000

Est. payment | -/mo

5 Beds

4 Baths

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$ 1,749,000

Est. payment | -/mo

Save Virtual Tour

5 Beds

4 Baths

Key Details

Property Type Condo, Townhouse

Sub Type Att/Row/Townhouse

Listing Status Active

Purchase Type For Sale

Approx. Sqft 2000-2500

Municipality Toronto C01

Subdivision Palmerston-Little Italy

MLS Listing ID C12966528

Style 2 1/2 Storey

Bedrooms 5

Annual Tax Amount $9,637

Tax Year 2025

Property Sub-Type Att/Row/Townhouse

Property Description

Welcome to 588 Ossington Avenue a rare opportunity to own a fully renovated (2015) 2.5-storey Legal Duplex in the heart of Palmerston-Little Italy, one of Toronto's most vibrant and consistently high-demand rental locations. Functional setup allows for multiple income streams, with market rents supporting attractive yields relative to downtown freehold alternatives. Ideal for investors seeking stable rental income with upside, or end-users looking to offset carrying costs. This property features three hydro meters already in place. Renovations include 4 updated kitchens, 4 updated bathrooms, windows, and interior finishes, providing a turnkey opportunity with limited immediate capital requirements. The home also features a rare two-car garage with rear laneway access - a highly desirable amenity that enhances both usability and tenant appeal. The laneway configuration may also present future potential for additional density, including the possibility of a laneway suite (subject to municipal approvals and buyer due diligence).Excellent walkability, transit access, and consistent rental demand. Positioned just steps to Ossington's renowned restaurants, cafés, parks, and transit, this location supports strong rental demand and long-term growth. An ideal opportunity for those looking to secure a well-located asset with income potential in a prime downtown neighbourhood.

Location

Province ON

County Toronto

Community Toronto C01

Area Toronto

Rooms

Family Room Yes

Basement Finished, Separate Entrance

Kitchen 4

Separate Den/Office 2

Interior

Interior Features Carpet Free

Cooling Central Air

Inclusions 3 furnace, 3 A/C, 3 Hot Water Tank 1 Tankless HWH, 4 Fridge, 4 Stove, 3 Dishwasher, all existing light fixtures 1 Dryer (coin Operated) 1 Washer (Coin Operated)

Exterior

Parking Features None

Garage Spaces 2.0

Pool None

Roof Type Asphalt Shingle

Lot Frontage 19.06

Lot Depth 127.0

Total Parking Spaces 2

Building

Foundation Unknown

Others

Senior Community Yes

ParcelsYN No

Virtual Tour https://unbranded.youriguide.com/588_ossington_ave_toronto_on/

Listed by RE/MAX REALTRON REALTY INC.

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588 Ossington AVE Toronto C01, ON M6G 3T5