1040 Ossington Avenue, Toronto W02

Price: $999,000

5 bedrooms, 5 bathrooms

1,500 - 1,999 sqft

Property Type: Detached

MLS#: W13330160

Charming detached home in Toronto's highly sought-after Dovercourt-Wallace Emerson-Junction neighbourhood! Fully beautifully renovated, this property offers 3 spacious bedrooms and 2.5 bathrooms, perfect for a growing family, plus a fully finished basement with 2 bedrooms, 2 ensuite bathrooms, and a separate entrance, ideal for in-laws or generating rental income. The bright, 9' high ceiling open-concept living and dining area is filled with natural light, complemented by a functional kitchen with ample storage. A thoughtfully designed layout blends comfort and practicality throughout. Laneway access with parking adds convenience to this vibrant urban setting. Located steps from Dovercourt Park, Christie Pits Park, schools, daycares, TTC subway and bus routes, and the trendy shops and restaurants along Bloor and Ossington, this home truly combines the best of city living with a strong sense of community. Whether you're a growing family, a multi-generational household, or an investor seeking built-in rental potential, this property checks all the boxes. Don't miss your chance to own a turnkey home with income potential in one of Toronto's most desirable neighbourhoods!

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active
New Listing
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$999,000 - 1040 Ossington Avenue, Bloor West Village

Detached for Sale in Bloor West Village

New — Listed 6 days ago
5Beds
5Baths
1,500 - 1,999Sq Ft
Detached
Property Details
MLS Number
W13330160
Property Type
Detached
Status
active
Days on Site
6
Bedrooms
5
Bathrooms
5
Square Feet
1,500 - 1,999 sqft
Neighbourhood
Bloor West Village / Swansea
Listing Brokerage
NU STREAM REALTY (TORONTO) INC.
Description

Charming detached home in Toronto's highly sought-after Dovercourt-Wallace Emerson-Junction neighbourhood! Fully beautifully renovated, this property offers 3 spacious bedrooms and 2.5 bathrooms, perfect for a growing family, plus a fully finished basement with 2 bedrooms, 2 ensuite bathrooms, and a separate entrance, ideal for in-laws or generating rental income. The bright, 9' high ceiling open-concept living and dining area is filled with natural light, complemented by a functional kitchen with ample storage. A thoughtfully designed layout blends comfort and practicality throughout. Laneway access with parking adds convenience to this vibrant urban setting. Located steps from Dovercourt Park, Christie Pits Park, schools, daycares, TTC subway and bus routes, and the trendy shops and restaurants along Bloor and Ossington, this home truly combines the best of city living with a strong sense of community. Whether you're a growing family, a multi-generational household, or an investor seeking built-in rental potential, this property checks all the boxes. Don't miss your chance to own a turnkey home with income potential in one of Toronto's most desirable neighbourhoods!

Mortgage Calculator

Estimate your monthly payments for this property

Estimated Payment

$5,125.39/mo

Includes CMHC insurance ($27,872)

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5%10%50%

5-yr fixed avg.

Principal: $899,100Interest: $610,644
Mortgage Amount$926,972
Total Interest$610,644
Est. Property Tax$708/mo
Total Cost$1,537,616

Rates shown are estimates based on typical Ontario 5-year fixed rates. Canadian mortgages use semi-annual compounding as required by law. CMHC insurance applies to purchases under $1.5M with less than 20% down. Estimated property tax uses an approximate 0.85% rate. Contact us for current rate options and pre-approval.

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Neighbourhood Guide: Bloor West Village / Swansea

Discover Bloor West Village / Swansea

Bloor West Village / Swansea is a vibrant community in the Greater Toronto Area, offering excellent amenities, schools, and transportation options. This area is popular with families and professionals seeking a balanced lifestyle with access to urban conveniences and natural spaces.

Why Live in Bloor West Village / Swansea

  • Convenient location in Bloor West Village / Swansea
  • Access to local shops and dining
  • Good public transit connections
  • Community parks and green spaces
  • Well-maintained neighbourhoods

Nearby Schools

Local Elementary SchoolPublic Elementary
Local Secondary SchoolPublic High School

Transit & Commuting

  • MiWay bus routes throughout the area
  • GO Transit stations within driving distance
  • Easy highway access to 401/403/QEW
  • Walking distance to local amenities

Parks & Amenities

  • Local parks and recreational facilities
  • Community centres
  • Shopping plazas nearby
  • Restaurants and cafes

Lifestyle & Community

Bloor West Village / Swansea offers a wonderful quality of life with a mix of residential charm and urban convenience. Residents enjoy easy access to schools, parks, and shopping, making it an ideal location for families and professionals alike.

70
Walk Score
Varies
Price Range

1040 Ossington Avenue, Bloor West Village / Swansea

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Investor Analysis

Rental income estimator & ROI calculator

Estimated Monthly Rent
$3,600/mo
Range: $3,060 - $4,140
Cap Rate (ROI)
3.2%
Fair

Monthly Cash Flow Breakdown

Rental Income+$3,600
Maintenance Fees-$0
Property Tax (est.)-$708
Insurance (est.)-$208
Net Cash Flow+$2,684

Note: These are estimates only. Actual figures may vary based on market conditions, property condition, and other factors. Consult with a financial advisor for personalized advice.

Joe Battaglia - Top Real Estate Agent in Mississauga, REMAX Realty Specialists

Joe's Thoughts

Honest perspective from 30+ years of GTA real estate experience

Competitive Pricing

At $666/sqft, this is priced below the area average. This could represent genuine value, but let's investigate why. In my experience, underpriced homes often have deferred maintenance, unfavourable layouts, or motivated sellers. I'll help you determine which it is.

Just Listed - Act Strategically

This property hit the market within the last week. In Bloor West Village's current market, desirable homes often receive multiple offers within 5-7 days. If you're seriously interested, I recommend booking a showing immediately. However, never let urgency override due diligence - we'll still do proper inspections.

Detached Home Advantages

Detached homes in Bloor West Village are increasingly scarce and valuable. You'll have no shared walls, full control over renovations, and typically stronger appreciation. Consider the lot size and potential for future additions or basement apartment income. Detached homes also offer the most flexibility for growing families.

Excellent Flexibility

With 5 bedrooms, you have genuine flexibility. Beyond the master and kids' rooms, you can have a dedicated home office, guest room, hobby space, or even rental income potential. In today's work-from-home era, extra bedrooms add significant value. Properties with 5+ bedrooms are relatively rare in Bloor West Village.

Bathroom Count Matters

With 5 bathrooms, morning routines are much smoother. Multiple bathrooms significantly improve daily livability and are a major selling point for resale. Buyers consistently pay more for adequate bathroom counts - this is a strong feature.

Investment Perspective

Looking at this as an investment: Bloor West Village properties have averaged 5-7% annual appreciation over the past decade. Your estimated monthly carrying costs would be around $4,163 (mortgage, taxes, insurance). Consider whether you're comfortable with this as both a home and a financial commitment.

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    1040 Ossington Avenue, Bloor We… — $999,000 | Battaglia Team