$1,299,000 - 629 Ossington Avenue, Downtown Toronto
Semi-Detached for Sale in Downtown Toronto
133 days on market- MLS Number
- C12815872
- Property Type
- Semi-Detached
- Status
- active
- Days on Site
- 133
- Bedrooms
- 6
- Bathrooms
- 3
- Square Feet
- 1,500 - 1,999 sqft
- Neighbourhood
- Downtown Toronto / Waterfront
- Listing Brokerage
- SAGE REAL ESTATE LIMITED
Situated in the heart of Toronto's bustling West End is 629 Ossington. Lovingly maintained 3-storey home with 1,950 square feet above grade and an oversized 806 square foot lower level. The main portion of the house acts as an impressive owners suite with 5 bedrooms and 2 washrooms (w/ powder room on the main floor). Timeless original features throughout the property include strip hardwood flooring + the original wooden staircase bannister. Classic features in a house equipped with modern-day amenities such as forced air furnace heating and central air cooling! The lower level is a self-contained suite that could serve as a lovely in-law suite or offer a savvy buyer potential rental income in the future. Full ceiling height in the lower level with its own separate entrance and cold room for storage. Newly waterproofed w/ sump pump and outfitted with a new washroom. All of the heavy lifting is done - now just time to customize to your personalized taste. Private and green east-facing rear garden offers plenty of space to enjoy the garden or access the stairs up to your second level and rear deck from the outside of the property. Detached garage gives plenty of options for the future as a laneway suite is being built right across the lane from 629 Ossington Ave. A very solid and well-kept home with many of the big tasks already accomplished. Lower level to be provided vacant and upper (main 3 floors of the house) tenanted
Estimate your monthly payments for this property
Estimated Payment
$5,745.92/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.
629 Ossington Avenue, 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
Fair Market Value
At $866/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.
Negotiation Opportunity
At 133 days on site, this property has exceeded the typical selling timeline for Downtown Toronto. This creates leverage for buyers. The seller may be motivated by carrying costs, life circumstances, or previous deals falling through. I'd recommend a strategic offer below asking with terms that favour you.
Detached Home Advantages
Detached homes in Downtown Toronto 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 6 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 3 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 $5,413 (mortgage, taxes, insurance). Consider whether you're comfortable with this as both a home and a financial commitment.