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New21 hours ago

393 Ossington Avenue

Trinity-Bellwoods, Toronto

$1,749,900

Detached|2 1/2 Storey
5 | 3 | 2.5
About this home

Some houses tell you exactly what they are. This one asks what you want it to become. Set in one of Toronto's trendiest neighbourhoods, this detached wood-frame home with vinyl siding and brick at the front and rear kitchen addition offers flexibility, character and future potential. A 3-foot side walkway provides convenient access between the front and rear, while the multi-level layout gives renovators, investors and end users plenty to work with.Keep and improve the character, create a spectacular single-family home, or explore additional living space and income opportunities, subject to applicable approvals. A separate basement entrance and flexible floor plan add possibilities. Original oak floors, a bay window and French doors bring character, while important updates include a high-efficiency furnace (2019), copper water lines, updated electrical and panels, and an owned hot water heater. The sloped house and garage roofs and flat roof over the kitchen addition were replaced approx. 10 years ago. Permits are available for the garage, veranda and kitchen addition. At the rear, a patio and garden provide outdoor space, while double laneway access leads to a large detached 2.5-car garage. The laneway may also offer future laneway suite potential, subject to City approvals. Upstairs, the third-floor loft with cathedral ceilings delivers a pretty great Toronto party trick: unobstructed CN Tower views from the front. Ossington is often described as Toronto's answer to Williamsburg, Brooklyn, and has earned recognition as one of the world's trendiest neighbourhoods. Trinity Bellwoods, Little Italy, Little Portugal and Beaconsfield Village surround you, with restaurants, cafés, shops, parks, schools, transit, art and nightlife nearby. Live in it. Renovate it. Reimagine it. Whatever the plan, detached homes with this much flexibility, double laneway access and a large garage in this location don't come along often.

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nest zoom realty
(416) 276-9973
TypeDetached
Style2 1/2 Storey
Approx. AgeNot available
Size1500-2000 sq. ft.
Property Tax$7,435
Lot Size20 ft x 127 ft
mls© NumberC13762708
Listed ByNEW ERA REAL ESTATE

Listing History

  • No recent sale history for this listing.
  • No recent lease history for this listing.

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What the bank counts

This home's actual carrying costs, payment stress-tested at 6%

Mortgage, tested at 6%
$8,957
Property tax
$620
Heat allowance
$150
Housing costs
$9,726 / mo

Lenders cap these at 39% of gross income — that sets the number.

Down payment20% · $349,980
25-yr amortization

Income needed

$299,000

gross annual household income

Payment at 4%
$7,364 / mo
Cash down
$349,980

Assumes no other monthly debts · 25-yr amortization

Full affordability check

Investment Analysis

Estimated rent, cap rate and monthly cash flow for this property

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