$1,499,900 - 261 Ossington Avenue, Downtown Toronto
Townhouse for Sale in Downtown Toronto
37 days on market- MLS Number
- C13078170
- Property Type
- Townhouse
- Status
- active
- Days on Site
- 37
- Bedrooms
- 7
- Bathrooms
- 4
- Square Feet
- 1,500 - 1,999 sqft
- Neighbourhood
- Downtown Toronto / Waterfront
- Listing Brokerage
- RE/MAX HALLMARK REALTY LTD.
Handsome and grand, this exceptional Victorian residence is ideally situated in the heart of Toronto's coveted Trinity-Bellwoods neighbourhood, just steps from the iconic Ossington Strip. Offering timeless architectural charm & outstanding income (Over 113k anually!) this rare three-storey property presents an exceptional opportunity for investors, multi-generational families, or buyers seeking owner-occupancy with significant income! Live comfortably in the spacious vacant 2-bedroom owner's suite , complete with a walkout to a private backyard oasis, while generating approximately $6,000 per month in rental income from the other two suites to pay your mortgage! Currently configured as three self-contained apartments, the home features a large upper level 4-bedroom, 2-bathroom suite with two private outdoor spaces - currently tenanted, a bright and character-filled vacant main-floor 2-bedroom suite, and a tenanted 1-bedroom basement apartment. Excellent tenants in place. Built in 1889, this distinguished home showcases beautifully preserved original 19th-century details, including exquisite stained-glass windows, intricate wood trim, and a striking arched second-floor hallway that speaks to its rich heritage and craftsmanship.Outside, the deep, professionally landscaped backyard is framed by mature trees, creating a private urban retreat rarely found in the city.With an impressive Walk Score of 99, Transit Score of 89, and Bike Score of 84, this address offers the very best of city living. Enjoy immediate access to acclaimed restaurants, cafés, boutiques, galleries, and green spaces in one of Toronto's most vibrant and sought-after communities.A truly rare opportunity to own a remarkable piece of Toronto history in one of its most dynamic neighbourhoods. *** Open House Sat 3-5pm ***
Estimate your monthly payments for this property
Estimated Payment
$6,634.56/mo
5-yr fixed avg.
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.
Discover Downtown Toronto / Waterfront
Downtown Toronto / Waterfront 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 Downtown Toronto / Waterfront
- •Convenient location in Downtown Toronto / Waterfront
- •Access to local shops and dining
- •Good public transit connections
- •Community parks and green spaces
- •Well-maintained neighbourhoods
Nearby Schools
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
Downtown Toronto / Waterfront 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.
261 Ossington Avenue, Downtown Toronto / Waterfront
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Rental income estimator & ROI calculator
Monthly Cash Flow Breakdown
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's Thoughts
Honest perspective from 30+ years of GTA real estate experience
Fair Market Value
At $1000/sqft, this property is priced in line with current Downtown Toronto market conditions. The pricing suggests the seller has done their homework. We may have modest room for negotiation, typically 2-4% in today's market.
Market Position
At 37 days on site, this property has had reasonable exposure. It hasn't sold immediately (which often indicates overpricing), but isn't languishing either. There's likely room for a 3-5% negotiation from asking price.
Townhouse Benefits
Townhouses offer an excellent balance of space and maintenance. You get more room than a condo with lower upkeep than a detached home. Key things to verify: whether it's freehold or condo-titled (affects fees and rules), and the condition of shared walls for noise considerations. Townhouses in Downtown Toronto have shown strong appreciation as families seek more space.
Excellent Flexibility
With 7 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 Downtown Toronto.
Bathroom Count Matters
With 4 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: Downtown Toronto properties have averaged 5-7% annual appreciation over the past decade. Your estimated monthly carrying costs would be around $6,250 (mortgage, taxes, insurance). Consider whether you're comfortable with this as both a home and a financial commitment.