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New2 hours ago

665 Ossington Avenue

Palmerston-Little Italy, Toronto

$1,199,000

Semi-Detached |3-Storey
5 | 4 | 1
About this home

Savvy Investors and Developers! Don't Miss this Exceptional Opportunity in A High Demand Neighborhood with An Outstanding Walk Score. Charming century 3-storey semi-detached home located just a short 4 minute walk from Ossington Subway Station and steps from the eclectic shops and restaurants along Bloor Street, Steps to Christie Station, Koreatown, Little Italy and Harbord Village. Full of original character and charm. Fully-fenced backyard. Detached 1.5 garage via laneway was constructed about 15 years ago (garage door remote included). Basement apartment about 8ft high with separate entrance. Basement renovation and addition in the back is about 10 years old. With over 2100 sqft above grade living space, 5+1 spacious bedrooms, a finished basement apartment with a separate entrance, and a fenced backyard leading to a detached garage with laneway access, this property offers immense potential. Simply clearing out the current items and do some cosmetic updates-applying a fresh coat of bright, modern paint will instantly transform the space and maximize its value. Whether you're looking to a laneway house or convert into 4 self-contained units, generate strong rental income across multiple suites or redevelop and maximize the lot's value, the possibilities are endless. Perfect for developers, contractors, investors or multi-generational living. (some of the photos are virtually staged)

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agent
Angela Montano
(647) 283-2643
TypeSemi-Detached
Style3-Storey
Approx. AgeNot available
Size2000-2500 sq. ft.
Property Tax$7,642
Lot Size16.5 ft x 125 ft
mls© NumberC13724446
Listed ByRIGHT AT HOME REALTY

Listing History

  • No recent sale history for this listing.
  • No recent lease history for this listing.

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What the bank counts

This home's actual carrying costs, payment stress-tested at 6%

Mortgage, tested at 6%
$6,137
Property tax
$637
Heat allowance
$150
Housing costs
$6,924 / mo

Lenders cap these at 39% of gross income — that sets the number.

Down payment20% · $239,800
25-yr amortization

Income needed

$213,000

gross annual household income

Payment at 4%
$5,046 / mo
Cash down
$239,800

Assumes no other monthly debts · 25-yr amortization

Full affordability check

Investment Analysis

Estimated rent, cap rate and monthly cash flow for this property

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