563 Ossington Avenue, Toronto, ON
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Property Highlights
Welcome to this remarkable 2 1/2 Storey semi-detached located in the coveted neighborhood of Palmerston-Little Italy. Expertly crafted featuring premium brick construction, this residence presents an exceptional opportunity offered at $1,525,000 to acquire a beautiful home in a highly sought-after setting. Designed for both comfortable daily living and elegant entertaining, the layout maximizes natural light, functional flow, and lifestyle utility.
- 8 Bedrooms and 4 Bathrooms with 3 functional kitchens
- Generous living space spanning 2000-2500 sqft on a premium 26.58 x 128 ft lot
- Features a apartment, separate entrance basement, adding superb versatility for recreation, a home gym, or extra storage
- 3.0 total parking spaces available
- Notable attributes: None
- equipped with central air central cooling and highly efficient forced air heating via gas
Description
Great Opportunity!! Location! Huge Semi-detached, Brick 2 1/2 storey; 26.58 X 128 Ft Lot on Ossington North of Dewson South of Harbord; in well maintained condition. Lots of Parking via wide Laneway; Rear Addition completed approx 21 yrs ago as well as to the lower level; Presently used as 3 Units. Spacious Main Flr ; side separate entrance, 3 Bedrooms with high ceilings, 2nd & 3rd Flr Unit has 3 + bedrooms w/ large living room w/o to huge deckfrom kit. Separate exterior front entrance; Lower Level has 2 bedrooms w/ large family room and a separate exterior entrance. Roof & Gas Furnace replaced a few yrs ago, high ceilings throughout; Huge lot to expand ; Ideal for turn key investment property. Potential $100 K gross income or owner occupied. Solid, Bight and spacious property Great Location; short walk to subway & Little Italy College St. Main Floor Apt,presently tenanted; Lower Apt vacant; 2/3 Apt vacant.
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Pricing & Value Insights
Data-driven valuation for 563 Ossington Avenue, Toronto C01, ON M6G 3T4
Based on 0 recent similar sales in the pocket.
Properties in this area are selling at a steady pace.
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About Purchasing a Home in Toronto, ON
For a property listed at $1,525,000 in Toronto, the legal minimum down payment is $305,000 under current Canadian banking regulations. This calculation applies a 5% requirement on the first $500,000, 10% on the next $499,999, and a flat 20% on any amount exceeding $1,000,000.
Additionally, buyers in Ontario must budget for the Provincial Land Transfer Tax, which is estimated at $26,975 for this transaction. Since the property is located in Toronto, a municipal land transfer tax of $26,975 also applies, bringing the total estimated land transfer taxes to $53,950.
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Disclaimer: AI Insights are generated by an automated system and should be used for informational purposes only. While we strive for accuracy using current market data and deep-learning models, these assessments do not constitute professional real estate, legal, or financial advice. All property values, predictions, and scores are estimates. We strongly recommend verifying all property details and conducting independent due diligence with a licensed professional before making any purchase decisions.
