Sales Representative
A highly successful and experienced real estate agent, Ken has been serving clients in the Greater Toronto Area for almost two decades.
Price
$1,550,000
Bedrooms
4 Beds
Bathrooms
4 Baths
Size
1500-2000 sqft
Year Built
100+
Property Type
House
Property Taxes
$8672
Live in one and rent two, co-own with privacy, or hold as a fully operational income property - 641 Ossington Ave offers multiple ownership paths, backed by proven rent and two of three units vacant and ready to lease. This fully maintained semi features 3 self-contained units on a 19' x 126' lot in Palmerston-Little Italy. The renovated upper 3-bed/2-bath suite (private entry, hardwood, rooftop deck, keypad entry, central air; water included) is leased to excellent tenants at $3,569.50/mo who'd like to stay, delivering market rent from day one. The main-floor 1-bed/1-bath is vacant, reinsulated, with newer fridge and stacked laundry and exclusive use of the paved backyard, while the renovated 1-bed/1-bath basement suite (separate keypad entry) is also vacant and rental-ready. Seller improvements focus on the items that protect cash flow: exterior waterproofing along the north wall, sump pump, redone side-yard concrete for drainage, extensive north-wall masonry/tuckpointing (2024), exterior window sealing (2025), insulation upgrades, updated kitchens/appliances, new lighting, and newer shared washer/dryer for upper and lower units. A detached two-car garage adds real Ossington value for parking or storage (no driveway). Steps to TTC, bike lanes, Bloor and Ossington's shops and restaurants - strong tenant demand today with long-term value for owners.
Dimensions
4.1' × 6'
Features
combined w/kitchen, pot lights, tile floor
Dimensions
4.1' × 3.4'
Features
tile floor, window, closet
Dimensions
4.1' × 6'
Features
window, tile floor, combined w/living
Dimensions
3.3' × 4.6'
Features
combined w/dining, tile floor, stainless steel appl
Dimensions
3.2' × 4.2'
Features
hardwood floor, window, ceiling fan(s)
Dimensions
3.6' × 4.1'
Features
hardwood floor, window, pot lights
Dimensions
4.5' × 3.3'
Features
w/o to deck, closet, hardwood floor
Dimensions
2.6' × 2.9'
Features
closet, window, hardwood floor
Dimensions
3.1' × 2.6'
Features
tile floor, stainless steel appl, window
Dimensions
4.5' × 4.4'
Features
window, hardwood floor
Dimensions
2.8' × 3.5'
Features
window, closet, hardwood floor
Dimensions
4.1' × 6'
Features
combined w/kitchen, pot lights, tile floor
Dimensions
4.5' × 4.4'
Features
window, hardwood floor
Dimensions
3.6' × 4.1'
Features
hardwood floor, window, pot lights
Dimensions
3.3' × 4.6'
Features
combined w/dining, tile floor, stainless steel appl
Dimensions
3.1' × 2.6'
Features
tile floor, stainless steel appl, window
Dimensions
4.1' × 6'
Features
window, tile floor, combined w/living
Dimensions
4.5' × 3.3'
Features
w/o to deck, closet, hardwood floor
Dimensions
4.1' × 3.4'
Features
tile floor, window, closet
Dimensions
3.2' × 4.2'
Features
hardwood floor, window, ceiling fan(s)
Dimensions
2.8' × 3.5'
Features
window, closet, hardwood floor
Dimensions
2.6' × 2.9'
Features
closet, window, hardwood floor
Have questions about this property?
Contact MeTotal Monthly Payment
$6,791 / month
Down Payment Percentage
20.00%
Mortgage Amount (Principal)
$1,240,000
Total Interest Payments
$764,536
Total Payment (Principal + Interest)
$2,004,536
Estimated Net Proceeds
$68,000
Realtor Fees
$25,000
Total Selling Costs
$32,000
Sale Price
$500,000
Mortgage Balance
$400,000
Toronto, ON M6G 3A6
Listed By: ROYAL LEPAGE SIGNATURE REALTY
Toronto, ON M6G 3R5
Listed By: FIRST CLASS REALTY INC.
Toronto, ON M6H 2P4
Listed By: BOUTIQUE REAL ESTATE CORPORATION
A highly successful and experienced real estate agent, Ken has been serving clients in the Greater Toronto Area for almost two decades. Born and raised in Toronto, Ken has a passion for helping people find their dream homes and investment properties has been the driving force behind his success. He has a deep understanding of the local real estate market, and his extensive knowledge and experience have earned him a reputation amongst his clients as a trusted and reliable partner when dealing with their real estate needs.
