$1,479,000 - 41 Ossington Avenue Unit 405, Downtown Toronto
Condo for Sale in Downtown Toronto
42 days on market- MLS Number
- C13089152
- Property Type
- Condo
- Status
- active
- Days on Site
- 42
- Bedrooms
- 3
- Bathrooms
- 2
- Square Feet
- 1,000 sqft
- Neighbourhood
- Downtown Toronto / Waterfront
- Locker
- Owned
- Exposure
- North South
- Balcony
- Open
- Listing Brokerage
- RIGHT AT HOME REALTY
Design-forward loft living along a quiet residential street, tucked away just off Ossington. Offered for sale for the first time by the original owner, this thoughtfully designed 2-bedroom + den "through-suite" spans from north to south in this intimate midrise building, framed by floor-to-ceiling windows which fill the space with natural light year-round. A generous floorplan with exceptional efficiency - a benchmark in urban loft design with perfect proportions, no wasted space and tremendous flow. Impeccably upgraded and customized, the loft boasts 10-foot exposed concrete ceilings, premium wide plank oak floors, a full-sized Scavolini kitchen with oversized island, Liebherr fridge, AEG gas range and abundant storage - perfect for the serious cook and entertainer. The primary bedroom features a walk-in closet, stylish ensuite and a walk-in shower. The split-bedroom plan includes a full second bedroom with large windows, double closets and a complete main bathroom with a deep soaker tub. Step out to the south-facing balcony, fitted with both a gas line for BBQ and hose bib, offering sweeping views over the neighbourhood and the city skyline. All of this in a boutique building, just steps from the strip, Trinity Bellwoods Park, great shops and Toronto's best dining. Preferred parking (closest to elevator) and a large storage locker are included. Sophisticated design and an unmatched floorplan in the city's most sought-after neighbourhood.
Estimate your monthly payments for this property
Estimated Payment
$6,542.12/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.
41 Ossington Avenue Unit 405, Downtown Toronto / Waterfront
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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
Premium Pricing
At $1479/sqft, this property is priced above the Downtown Toronto average of $950/sqft. I'd want to see upgraded finishes, premium location, or recent renovations to justify this price point. During our showing, I'll point out exactly what you're paying extra for.
Market Position
At 42 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.
Condo Considerations
For condos, I always review the status certificate thoroughly. Key things I look for: reserve fund health (should be well-funded), any upcoming special assessments, rules that might affect your lifestyle (pets, rentals, renovations), and the corporation's financial statements. We'll want to verify the monthly fees and what they include.
Starter Home Potential
3 bedrooms works well for couples planning families or small families with one child. Consider whether you might outgrow the space in 5-7 years. If so, factor in potential moving costs when making your decision. Alternatively, some buyers convert a bedroom to an office and make it work long-term.
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 $6,163 (mortgage, taxes, insurance). Consider whether you're comfortable with this as both a home and a financial commitment.
Let's See It Together
Photos only tell part of the story. During our showing, I'll point out things the camera doesn't capture: neighbourhood feel, natural light quality, traffic noise, and overall condition. I'll also share what comparable homes have sold for and help you craft a winning strategy if you decide to move forward.