Townhouse for sale at 588 Ossington Avenue, Toronto, Ontario, M6G 3T5 - Palmerston-Little Italy - MLS: C13162902

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588 Ossington Avenue

Toronto, Ontario, M6G 3T5 - Palmerston-Little Italy

$1,699,000

Virtual Tour

Neighbourhood

Palmerston-Little Italy
Major Intersection

Ossington Ave & Harbord

Listed Since: 1 day(s)
Last update: today

Virtual Tour

Overview

Property Type

Att/Row/Twnhouse, 2 1/2 Storey
Bedrooms

3 + 2
Bathrooms

4
Basement

Finished + Sep Entrance
Kitchen

4
Total Parking

2 Detached Garage
Lot Size

19.06x127 (Feet)
Taxes

$9,637.24 (2025)
Type

Freehold

Property Description

Property description for 588 Ossington Avenue, Toronto

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.

Listed by RE/MAX REALTRON REALTY INC.

Property details

MLS #

C13162902
Sq. Ft

2000-2500
Sq. Ft. Source

MLS
Lot Irregularities

n/a
Year Built

Available Upon Request
Pool

None
Drive

None
Garage

Detached, 2 spaces
Total Parking

2
Family Room

Y
Den

Y
Exterior

Brick
Fireplace

N
Roof

Asphalt Shingle
Foundation

Unknown
Elevator

n/a
Water View

n/a
Laundry Level

n/a
Heat

Forced Air
A/C

Central Air
Water

Municipal
Water Supply

n/a
Sewers

Sewers
Central Vac

N

MLS #

C13162902
Sq. Ft

2000-2500
Sq. Ft. Source

MLS
Lot Irregularities

n/a
Year Built

Available Upon Request
Pool

None
Drive

None
Garage

Detached, 2 spaces
Total Parking

2
Family Room

Y
Den

Y
Exterior

Brick
Fireplace

N
Roof

Asphalt Shingle
Foundation

Unknown
Elevator

n/a
Water View

n/a
Laundry Level

n/a
Heat

Forced Air
A/C

Central Air
Water

Municipal
Water Supply

n/a
Sewers

Sewers
Central Vac

N

Living

3.59 x 5.46 ft Main level

Laminate, Combined W/Dining, Large Window
Dining

3.59 x 5.46 ft Main level

Laminate, Combined W/Living, Open Concept
Kitchen

3.59 x 4.08 ft Main level

Laminate, Stainless Steel Appl, Granite Counter
Primary

3.74 x 3.8 ft Main level

Laminate, Double Closet, Walk-Out
Den

3.6 x 2.95 ft Main level

Laminate, Double Closet, Window
Living

4.68 x 4.68 ft 2nd level

Laminate, Combined W/Kitchen, Window
Kitchen

2.74 x 4.57 ft 2nd level

Laminate, Combined W/Living, Stainless Steel Appl
Primary

3.69 x 3.75 ft 2nd level

Laminate, Double Closet, Window
Den

2.7 x 2.32 ft 2nd level

Laminate, Double Closet, Window
Living

3.82 x 3.32 ft Upper level

Laminate, Combined W/Kitchen, Walk-Out
Kitchen

4.68 x 3.26 ft Upper level

Laminate, Combined W/Living, Stainless Steel Appl
Primary

3.93 x 4.16 ft Upper level

Laminate, Double Closet, Window
Rec

3.46 x 6.09 ft Lower level

Laminate, Combined W/Kitchen, Stainless Steel Appl

Contact Manoj Kukreja

Sales Representative,
Century 21 People’s Choice Realty Inc.,
Brokerage
(647) 576 - 2100

Property History

Property history for 588 Ossington Avenue, Toronto

This property has been sold 8 times before. Create your free account to explore sold prices, detailed property history, and more insider data.

Local Real Estate Price Trends for Att/Row/Twnhouse in Palmerston-Little Italy

Active listings

Average Selling Price of a Att/Row/Twnhouse

April 2026

$2,140,000

Last 3 Months

$713,333

Last 12 Months

$1,356,139

April 2025

$2,235,000

Last 3 Months LY

$1,823,250

Last 12 Months LY

$1,432,396

Change

-4%

Change

-61%

Change

-5%

Historical Average Selling Price of a Att/Row/Twnhouse in Palmerston-Little Italy

Average Selling Price

3 years ago

$1,660,000

Average Selling Price

5 years ago

$1,457,500

Average Selling Price

10 years ago

$1,040,000

Change

29%

Change

47%

Change

106%

How many days Att/Row/Twnhouse takes to sell (DOM)

April 2026

Last 3 Months

Last 12 Months

April 2025

Last 3 Months LY

Last 12 Months LY

Change

71%

Change

-50%

Change

Average Selling price

Mortgage Calculator

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Closing Cost Calculator

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Closing Cost Total for this property

Total Cash flow for purchasing this property

Purchase Price

First time home buyer

Down Payment($)

Down Payment(%)*

Additional information

Provincial Land Transfer Tax

Ontario Land Transfer Tax Rebate

Toronto Land Transfer Tax

Toronto Land Transfer Tax Rebate

PST on CMHC Insurance Premium

Lawyer Fees

$2,825

Government Registration Fee's

$164

Title Insurance

Closing Cost Total

Total Cash flow for purchasing this property

Provincial Land Transfer Tax

Ontario Land Transfer Tax Rebate

Toronto Land Transfer Tax

Toronto Land Transfer Tax Rebate

PST on CMHC Insurance Premium

Lawyer Fees

$2,825

Government Registarion Fee's

$164

Title Insurance

Purchase Price

Down Payment($)

Down Payment(%)*

First time home buyer

* A down payment of less than 20% is permitted only for first-time home buyers purchasing their principal residence. The minimum down payment required is 5% for the portion of the purchase price up to $500,000, and 10% for the portion between $500,000 and $1,500,000. For properties priced over $1,500,000, a minimum down payment of 20% is required.

Contact Manoj Kukreja

Sales Representative, Century 21 People’s Choice Realty Inc., Brokerage
(647) 576 - 2100

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