588 Ossington Avenue — photo 1For sale

This one's priced above recent comparable sales, and 107 days on market. Here's everything I've got — ask me anything about it.

Toronto · Toronto Region · Palmerston-Little Italy

588 Ossington Avenue

Att/Row/Townhouse

MLS® #C13162902

Listed for$1,699,000107 days on market
3+2 bed 4 bath 2 parking 2000-2500 sq ft~$755/sq ft
  • 107 days on market
  • 16 schools within 1 km
  • Transit stop ~10 m
Free · about 10 seconds

Is $1,699,000 a fair price?

Our read: it’s priced above recent comparable sales — based on 3 sales nearby. Sign in free to see exactly how far above it is, plus the full range comparable homes sold in.

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Measured against 3 recent comparable sales nearby — sign in free to see the range they sold in (boards require a verified email · VOW rules).

Est. all-in monthly~$8,708/momortgage + property tax + maintenance · 20% down · example rate (compounded semi-annually) — the math on the list price, not a quote or what you can afford. For real rates, Alex can connect you with a mortgage pro.

On the map

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This home below comps above in lineOpen full map →

16 schools within ~1 km · nearest transit stop ~0.01 km

Property information
What townhouse buyers ask first
Ownership
Freehold · no monthly fee
Lot size
19.06 × 127 ft
Square footage
2000-2500 sq ft
Parking
2 spaces · Detached
Property tax
$9,637 / yr

Property summary

Property type
Att/Row/Townhouse
Style
2 1/2 Storey
Lot size
19.06 × 127 ft
Parking
2 spaces · Detached
Heating
Forced Air
Air conditioning
Central Air
Basement
Finished, Separate Entrance
Kitchens
4
Exterior
Brick
Property tax
$9,637 / yr
MLS®
C13162902

Room dimensions

Living Roomlaminate, combined w/dining, large window
Main3.59 × 5.46 m
Primary Bedroomlaminate, double closet, window
Second3.69 × 3.75 m
Denlaminate, double closet, window
Second2.7 × 2.32 m
Living Roomlaminate, combined w/kitchen, walk-out
Upper3.82 × 3.32 m
Kitchenlaminate, combined w/living, stainless steel appl
Upper4.68 × 3.26 m
Kitchenlaminate, combined w/living, stainless steel appl
Second2.74 × 4.57 m
Primary Bedroomlaminate, double closet, walk-out
Main3.74 × 3.8 m
Recreationlaminate, combined w/kitchen, stainless steel appl
Lower3.46 × 6.09 m
Kitchenlaminate, stainless steel appl, granite counters
Main3.59 × 4.08 m
Dining Roomlaminate, combined w/living, open concept
Main3.59 × 5.46 m
Living Roomlaminate, combined w/kitchen, window
Second4.68 × 4.68 m
Primary Bedroomlaminate, double closet, window
Upper3.93 × 4.16 m
Denlaminate, double closet, window
Main3.6 × 2.95 m

As stated by the MLS®, nothing inferred.

Nearby homes for sale

Below-comps first · all nearby homes shown, not just the good-value ones.

47 Montrose AvenueSemi-Detached

$1,575,000

Above recent sales

47 Montrose Avenue

4 bed · 2 bath·1500-2000 sq ft·2 parking

Toronto

Listed 2 days ago · RE/MAX Hallmark Realty Ltd.

490 Gladstone AvenueAtt/Row/Townhouse

$1,790,000

490 Gladstone Avenue

5 bed · 2 bath·1500-2000 sq ft·1 parking

Toronto

Listed 3 days ago · Axon Capital Realty Advisors Inc.

The numbers that matter
The numbers that matter
Property tax
$9,637/yr
Est. all-in
~$8,708/mo
Nearby rental listings are facts. Whether it works as a rental is a chat with Alex — not a number I’ll put on it.
Schools

Schools near this home, closest first by straight-line distance. These are factual locations — AskEmma doesn’t rate or rank schools.

  • Central Toronto AcademyPublic · Secondary · Toronto DSB0.2 km
  • Horizon Alternative Senior SchoolPublic · Secondary · Toronto DSB0.2 km
  • Dewson Street Junior Public SchoolPublic · Elementary · Toronto DSB0.3 km
  • Delta Senior Alternative SchoolPublic · Secondary · Toronto DSB0.5 km
  • Montrose Junior Public SchoolPublic · Elementary · Toronto DSB0.5 km
  • St Mary Catholic Academy Secondary SchoolCatholic · Secondary · Toronto CDSB0.6 km

Locations: Open Database of Educational Facilities (ODEF), Statistics Canada v2.1 (2022) · Open Government Licence – Canada. School locations as of 2022 — confirm current catchment and enrolment with the school board. For official provincial results, check EQAO.

Getting around

Public transit near this home, by straight-line distance. Factual locations from OpenStreetMap — not walking time, and not a rating.

  • Harbord StreetNearest transit · Bus stop~10 m
  • OssingtonNearest subway · Subway~480 m
  • BloorNearest GO / rail · GO / regional rail~2.1 km

Locations: OpenStreetMap public-transit stops, © OpenStreetMap contributors · Open Database Licence (ODbL). Stop locations from OpenStreetMap — confirm current routes and service with the transit agency.

Community — Toronto
$765KMedian sold
31Median days on market
98.7%Sale-to-list
Median sold price · Toronto1-yr -10% · 3-yr —
Source: TRREB sold data via Repliers · all property types
Neighbourhood demographics — Toronto
2,794,356Population (2021)
39.6Median age
$84,000Median household income
51.9%Home owners
48.1%Renters
2.4Avg household size
Source: Statistics Canada, 2021 Census
Description & details

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.

The data only goes so far — condition, light and layout are worth seeing in person, with a home inspection, before you commit.

Listed by RE/MAX REALTRON REALTY INC.. Showings via AskEmma by Alex Goodman, Sales Representative, RE/MAX Your Community Realty, Brokerage.