623 Ossington Avenue
Palmerston-Little Italy, Toronto
$1,299,999
Welcome to 623 Ossington Ave, a rarely offered detached Located in the heart of Palmerston-Little Italy, one of Toronto's most desirable neighbourhoods. This detached home on a wide lot is a Renovator's dream as it presents limitless opportunities. Either renovate your dream home or renovate as an investment property. The detached lot allows for tear down and rebuild opportunities as well. The long lot allows for building of a sizable laneway house and still provides ample backyard space. Laneway Housing Advisors confirmed the property is eligible for building a 1,312 square feet laneway house over 2 floors. A++ location minutes away from Ossington Subway, restaurants, cafes, shops along Bloor, Harbord and College Streets. Family oriented neighbourhood with great schools. This home is well maintained and being offered for the first time in over 30 years. Your next home is here!
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| Type | Detached |
| Style | 2-Storey |
| Approx. Age | Not available |
| Size | 1100-1500 sq. ft. |
| Property Tax | $7,389 |
| Lot Size | 19 ft x 126.29 ft |
| mls© Number | C13131154 |
| Listed By | WORLD CLASS REALTY POINT |
Listing History
- No recent sale history for this listing.
- No recent lease history for this listing.
Schools
Could you afford this home?
What the bank counts
This home's actual carrying costs, payment stress-tested at 6%
- Mortgage, tested at 6%
- $6,654
- Property tax
- $616
- Heat allowance
- $150
- Housing costs
- $7,420 / mo
Lenders cap these at 39% of gross income — that sets the number.
Income needed
$228,000
gross annual household income
- Payment at 4%
- $5,471 / mo
- Cash down
- $260,000
Assumes no other monthly debts · 25-yr amortization
Full affordability checkInvestment Analysis
Estimated rent, cap rate and monthly cash flow for this property
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