515 Ossington Avenue

Welcome to the charming semi-detached house for sale in Toronto , located at 515 Ossington Avenue, Toronto. This delightful property is nestled in the vibrant Palmerston-Little Italy community, making it a prime spot for anyone looking to enjoy the best of city living. With its classic design and ample space, this house for sale in Toronto is perfect for both investors and families alike.

As you step inside, you’ll find that this house boasts an impressive six bedrooms and three bathrooms, providing plenty of room for everyone. The layout is designed with functionality in mind, featuring three kitchens that allow for a variety of living arrangements. Currently, the property is configured as three self-contained units, each equipped with its own kitchen and bathroom. This setup not only offers the potential for rental income but also provides a comfortable living space for those who wish to offset their expenses. Imagine living in a house for sale in Toronto that allows you to enjoy the perks of urban life while generating additional income!

The property spans three levels, each with separate entrances, ensuring privacy and convenience for all occupants. The bright and functional layouts are perfect for modern living, and the central air conditioning will keep you cool during those hot summer months. Although there is no fireplace to gather around, the family room is a welcoming space where you can relax and unwind after a long day.

For those who appreciate the convenience of modern amenities, this house for sale in Toronto has you covered with high-speed internet access, making it ideal for remote work or streaming your favourite shows. The separate laundry room, complete with a coin-operated washer and dryer (to be installed in 2025), adds an extra layer of practicality to this already versatile property. Additionally, the separate hot water tank (also set for 2025) ensures that you'll always have hot water on demand.

The exterior of the house features a combination of aluminium siding and brick, giving it a classic yet contemporary look. The lot measures 19 by 132 feet, providing ample outdoor space for gardening or simply enjoying the fresh air. While there is no pool, the potential for outdoor entertaining is still very much present. The detached two-car garage, accessible via the laneway, adds significant value to the property and presents an exciting opportunity for additional income if converted into a coach house—though prospective buyers should verify this option.

Living at 515 Ossington Avenue, Toronto, means you’ll be surrounded by some of the city’s most desirable amenities. Just steps away from Bloor, College, and Harbord, you’ll find trendy cafés, parks, and excellent transit options that make commuting a breeze. Whether you’re grabbing a coffee from a local café or taking a leisurely stroll through the nearby parks, this location truly offers the best of both worlds.

In summary, this house for sale in Toronto is a fantastic opportunity for anyone looking to invest in a property that offers both versatility and potential. With its prime location in the sought-after Palmerston-Little Italy neighbourhood, the spacious layout, and the possibility of generating rental income, 515 Ossington Avenue is not just a house; it’s a home filled with endless possibilities. Whether you’re an investor seeking a turnkey income property or a homeowner wanting a flexible live-and-rent setup, this property has everything you need. Don’t miss out on the chance to make this wonderful house your own!

Palmerston-Little Italy is a vibrant and eclectic neighbourhood in Toronto, characterised by its charming tree-lined streets and a rich tapestry of cultural influences. Nestled between the bustling College Street and the serene parks of the area, this locale is renowned for its lively atmosphere, featuring an array of cafés, restaurants, and boutique shops that reflect its Italian heritage. Residents enjoy a strong sense of community, with local events and festivals that celebrate the diverse backgrounds of its inhabitants. The neighbourhood's proximity to public transport and key amenities makes it an ideal choice for those seeking a lively urban lifestyle while still enjoying the comforts of a close-knit environment. With its unique blend of history, culture, and modern convenience, Palmerston-Little Italy offers an inviting setting for anyone looking to call Toronto home.

Schools in the Neighbourhood

This property is conveniently located near several educational institutions, making it an ideal choice for families. The closest option is Dewson Street Junior Public School, just 0.1 km away, offering elementary education from Junior Kindergarten to Grade 6 with a solid school rating of 5.1. For older students, Horizon Alternative Senior School is only 0.2 km away, catering to grades 7 and 8, though it currently holds a rating of 0. Harbord Collegiate Institute, located 0.9 km from the property, provides secondary education for grades 9 to 12 and boasts an impressive rating of 8.8. Additional options include Pope Francis Catholic School (0.6 km), which serves grades JK to 8 with a rating of 6.6, and St. Mary Catholic School (1.9 km), offering French-language education for JK to Grade 4, rated at 5.7. For high school students, Bishop Marrocco/Thomas Merton Catholic Secondary School is 2.3 km away with a rating of 5.3. Overall, the area is well-served by a variety of public and Catholic schools, ensuring quality education for children of all ages.

Key Statistics of the Neighbourhood

The area surrounding the property has a population of 479 residents, with an average household size of 2.3. The demographic profile reveals an average age of 42, indicating a mature community. The average household income is notably high at $202,000, with only 5.2% of the population classified as low-income. The real estate market reflects this affluence, with an average property price of $1,500,000. A significant portion of the population, 42.86%, is single, while 38.46% of households include children, suggesting a balanced mix of family structures. Additionally, the area is diverse, with nearly 45% of residents being immigrants. Renters make up 30% of the population, and there are no condominiums available in the area, indicating a preference for single-family homes. Education levels are high, with 57.5% of residents holding a college or university degree. However, 36.25% of the population is not in the labor force, which may reflect a combination of factors, including retirement or other commitments. Overall, this community showcases a blend of affluence, diversity, and educational attainment, making it an attractive area for potential homeowners.