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About the Listing 498507 -
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.
Listing Highlights
Status
Active
Days on Site
10
Property Type
Residential
MLS ®
C12966528
Year Built
Total Square Footage
2,000
Lot/Acreage
N/A
Interior Details
- Bedrooms: 5
- Bathrooms: 4 Full
- Appliances:
- Air Cond: Central Air
- Heating: Gas
- Fireplaces:
- Floor:
- Above Ground Sq Ft:
- Below Ground Sq Ft: n/a
- Basement: Finished,Separate Entrance
- Other: Carpet Free,4 Kitchens
- Water:
Exterior Details
- Garage Capacity: 2 car
- Roof: Asphalt Shingle
- Others:
- Sewer: Sewer
- Parking Features: Detached,Has Garage
Financial Details
- Tax Amount: $9,637
- Taxes w/Assessments: N/A
- Tax/Property ID: N/A
- Tax Year: 2025
Payment Calculator
Monthly Payment
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Questions About..
588 Ossington Ave Toronto, ON M6G 3T5
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