Welcome to a classic Toronto home in the heart of Palmerston-Little Italy, offering exceptional versatility for both investors and end users. Currently configured as three self-contained units, each with its own kitchen and bath, this property presents an excellent opportunity to generate rental income or live comfortably while offsetting expenses. Spanning three levels, each with separate entrances, bright & functional layouts. Separate laundry room with coin operated washer/dryer(2025) and separate hot water tank(2025). The detached two-car garage off the laneway adds rare value and potential for additional income if converted to a coach house (buyer to verify). Enjoy Toronto's most desirable amenities right at your doorstep - steps to Bloor, College, and Harbord, surrounded by trendy cafés, parks, and convenient transit options that make this location truly unbeatable. Whether you're an investor seeking a turnkey income property or a homeowner looking for a flexible live-and rent setup, 515 Ossington Avenue offers endless potential in one of the city's most sought-after neighborhoods.
Property Type:
Residential Freehold
Property Sub Type:
Semi-Detached
Home Style:
2-Storey
Total Approx Floor Area:
1500-2000
Lot Size:
<.50
Lot Depth:
131'6"40.1 m
Lot Frontage:
18'9"5.72 m
Direction Faces:
West
Bedrooms:
6
Bathrooms:
3.0
Water supply:
Municipal
Kitchens:
3
Bedrooms Above Grade:
6
Kitchens Above Grade:
3
Rooms Above Grade:
11
Heating type:
Forced Air
Heating Fuel:
Gas
Foundation:
Concrete Block
Roof:
Asphalt Shingle
Basement:
Apartment, Separate Entrance
Fireplace/Stove:
No
Garage:
Detached
Garage Spaces:
2.0
Parking Features:
None
Parking Spaces:
0
Total Parking Spaces:
2.0
Family Room:
Yes
Possession Details:
Immediate or 60 if primary occupancy
Pool:
None
HST Applicable To Sale Price:
Included In
Taxes:
$7,722 /
2024
Assessment:
$- /
-
Toronto
Toronto C01
Palmerston-Little Italy
Fenced Yard, Park, Public Transit, Rec./Commun.Centre, School
Accessory Apartment, In-Law Suite, On Demand Water Heater, Primary Bedroom - Main Floor, Water Heater Owned
Carbon Monoxide Detectors, Smoke Detector
All existing appliances on all levels. including coin operated washer/dryer(2025) & separate water tank. All electrical light fixtures. All window coverings.
Data was last updated December 2, 2025 at 06:15 PM (UTC)
Area Statistics
Listings on market:
15
Avg list price:
$1,788,000
Min list price:
$1,149,000
Max list price:
$2,880,000
Avg days on market:
55
Min days on market:
8
Max days on market:
192
These statistics are generated based on the current listing's property type
and located in
Palmerston-Little Italy. Average values are
derived using median calculations. This data is not produced by the MLS® system.
This website may only be used by consumers that have a bona fide interest in the purchase, sale, or lease of real estate of the type being offered via the website.
The data relating to real estate on this website comes in part from the MLS® Reciprocity program of the PropTx MLS®. The data is deemed reliable but is not guaranteed to be accurate.