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588 Ossington Ave, Toronto, ON

House

For Sale

$--,---,---

540

MLS® C12966528

Key Facts
Description
Rooms
Map

Key Facts

Type Attached

Levels Residential

Size -

Garage Detached

Taxes $9,637

Days Active 21

Lot Size

Approx. Age

MLS® Number C12966528

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, cafés, 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.Show Description

MLS® NumberC12966528

Laundry Level

Central VacNo

FireplaceNo

Acreage

Exterior

GarageDetached

Approx. Age

BasementFinished, Separate Entrance

DrivewayGarage Type:Detached

Garage Spaces

Heat

A/C

Heating Fuel

Extras

Price History

00/00/0000End Date

$XXX,XXXSold Price

Top Secret

00/00/0000List Date

$XXX,XXXList Price

Dec 31, 2026End Date

-Sold Price

Canceled

Mar 16, 2026List Date

$1,888,000List Price

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Home Appraisal

This property is estimated to sell between: $1,749,000 and $1,788,000.

Similar properties in this area sold on average for: $1,774,362

Expected to sell in 21 days. Similar properties sold in 42 days. This home has been on eXp Realty for 21 days.

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.

Commute

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Starting Address

Destination Address

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