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CAONToronto588 Ossington Ave
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588 Ossington Ave, Toronto, ON

House

For Sale

Listed price in listed location currency (CAD).
$1,699,000

540

MLS® C13162902

Overview

Key Facts

Type Attached
Levels Residential
Size -
Garage Detached
Taxes $9,637
Days Active 1
Lot Size 
Approx. Age 
MLS® Number C13162902

Property Address: 588 Ossington Ave, Toronto, ON, M6G3T5

Average square foot calculated using Size range provided by listing agent.

Description

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.
MLS® NumberC13162902
Laundry Level
Central VacNo
FireplaceNo
Acreage
Exterior
GarageDetached
Approx. Age
BasementFinished, Separate Entrance
DrivewayGarage Type:Detached
Garage Spaces
Heat
A/C
Heating Fuel

Extras

Rooms

Change to metres

Kitchen:Main Floor13.39 × 11.78 ft

Price History

-End Date
Not Sold YetSold Price

For Sale

May 22, 2026List Date
$1,699,000List Price
00/00/0000End Date
$XXX,XXXSold Price
Top Secret
00/00/0000List Date
$XXX,XXXList Price
00/00/0000End Date
$XXX,XXXSold Price
Top Secret
00/00/0000List Date
$XXX,XXXList Price

Home Estimate Zoopraisal®

This property is estimated to sell between: $1,699,000 and $1,844,000.
Similar properties in this area sold on average for: $1,795,256
Expected to sell in 38 days. Similar properties sold in 39 days. This home has been on Zoocasa for 1 day.

The estimated sale price does not take into account many variables such as recent renovations, type of appliances, school district etc. To get a more accurate estimate please contact agent.

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