Welcome to 493 Ossington Avenue-an exceptional opportunity to own a legal duplex in the heart of the highly sought-after Palmerston-Little Italy neighbourhood. Built in 1896, this grand residence blends timeless character with modern upgrades, offering over 4 levels of versatile living space ideal for multi-generational families or buyers seeking a strong mortgage helper. With five bedrooms, including two on the finished third level, and soaring ceilings on the main floor, the home delivers the space and flexibility today's buyers crave.Thoughtfully updated and move-in ready, the property offers multiple living configurations. Enjoy it as a spacious single-family home, or take advantage of the legal duplex setup by living in one unit while renting the other. The upper level functions beautifully as a large 3-bedroom suite, creating excellent income potential without compromising comfort or privacy. A rear addition expands the main floor with a generous family room, while the separate living and dining areas offer the option to open up into one expansive entertaining space. Outside, a rare double-car garage with laneway access provides easy, secure parking-an incredible asset in this location. With a 95 Walk Score, 93 Transit Score, and 76 Bike Score, everything you need is at your doorstep. Walk to the vibrant energy of College Street and Little Italy, explore Kensington Market, enjoy nearby green spaces like Dufferin Grove Park and Trinity Bellwoods, and benefit from close proximity to Toronto Western Hospital.This is more than just a home-it's a flexible investment in lifestyle and long-term value. Whether you're accommodating extended family, offsetting your mortgage with rental income, or simply looking for space in one of Toronto's most dynamic communities, 493 Ossington delivers a rare and compelling opportunity.
Address
493 Ossington Avenue
List Price
$1,099,000
MLS® Status
New
Property Type
Residential Freehold
Type of Dwelling
Semi-Detached
Style of Home
2-Storey
Transaction Type
Sale
Area
Toronto C01
Sub-Area
Palmerston-Little Italy
Region
Toronto
Bedrooms
6 + 1
Bedrooms (Total)
7
Rooms Above Grade
8
Rooms Below Grade
1
Bathrooms
2
Floor Area
1500-2000 Sq. Ft.
Lot Size Source
MPAC
Lot Depth
126
Lot Size Units
Feet
Lot Width
20
Parcel Number
212720064
Occupant Type
Vacant
Cross Street
College St & Ossington Ave
MLS® Number
C13621004
Listing Brokerage
ROYAL LEPAGE SIGNATURE SUSAN GUCCI REALTY
Basement Area
Finished with Walk-Out
Postal Code
M6G 3T3
Posession Details
TBA
Parking Places (Total)
1
Tax Amount
$7,691.69
Tax Year
2025
Interior Features
Other
Central Vacuum
No
Family Room
No
Ensuite Laundry
No
Special Designation
Unknown
Standard Status
Active
Board Or Association
Toronto Regional Real Estate Board
Heat Source
Gas
Heat Type
Forced Air
Cooling Features
Central Air
Construction Materials
Brick
Direction Faces
East
Fireplace
No
Foundation Details
Concrete Block
Garage
Yes
Garage Type
Detached
Covered Spaces
1
Kitchens Total
2
Kitchens Above Grade
2
Pool Features
None
Roof
Asphalt Shingle
Tax Legal Description
PT LT 45 PL 302 CITY WEST AS IN CT77899; CITY OF TORONTO
Waterfront
No
Sewer
Sewer
Rooms
| Floor | Type | Dimensions | Features |
|---|---|---|---|
| Main | Living Room | 2.93 x 3.38 | |
| Main | Dining Room | 2.93 x 3.94 | |
| Main | Family Room | 3.3 x 4.4 | |
| Main | Kitchen | 3.3 x 4.89 | |
| Second | Primary Bedroom | 4.57 x 2.8 | |
| Second | Bedroom 2 | 3.01 x 3.69 | |
| Second | Kitchen | 3.3 x 3.11 | |
| Third | Bedroom 3 | 4.57 x 2.8 | |
| Third | Bedroom 4 | 3.18 x 2.68 | |
| Basement | Recreation | 2.92 x 5.21 | |
| Basement | Laundry | 1.98 x 1.69 | |
| Basement | Other | 3.01 x 4.35 |