JUST LISTED FOR SALE!
691 Ossington Ave, Toronto
3+2 bedrooms/2+1 bathrooms detached 3-unit turn-key investment property with a Laneway house potential at Ossington and Bloor St W
For Sale: $ 1,800,000
691 Ossington Ave, Toronto
For Sale – $1,800,000
โ 3+2 Bedrooms โ 2+1 Bathroomsโ 1650 sq.ft. + 1052 sf basementโ 25 x 125 ft. lotโ $75,900 Rental Incomeโ 2 Car Garage – Lanewayโ 3 Separate Unitsโ Qualifies for Laneway Houseโ Well Maintainedโ Endless Opportunitiesโ Lots of Charm & Characterโ 3 Mins Walk to Subway
This meticulously maintained turn-key investment property boasts an exceptional location, mere minutes from the subway station and Bloor St W. Reside on the main floor while tenants cover your mortgage expenses. Additionally, there’s the option to remove the wall, creating a single-family home on the main and second floors while retaining rental potential in the basement. Explore the possibility of constructing a laneway house, offering endless opportunities with this solid, well-built detached house in Toronto!
Endless opportunities!
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Option 1
Calling all investors ready to expand their portfolio! Here’s an ideal opportunity for you: a 3-unit detached home just a 3-minute walk from the subway and Bloor St W. Situated conveniently 2.2 km from the University of Toronto, it’s tailor-made for student living. Maximize your rental income by renting rooms separately, and consider leveraging the main floor unit for Airbnb rentals. Plus, there’s a strategically positioned coin-operated laundry room for additional earnings. And don’t overlook the potential of the laneway garage – perfect for building a laneway house for extra income or your very own residence. This property stands out as one of the best-maintained and most lucrative investment opportunities on the market today. Don’t let it slip away!
Option 2
Dreaming of building your real estate portfolio but are new to investing? Consider teaming up with one or two friends to share the title and let tenants cover your mortgage. Starting with a $600k mortgage is much more attainable than $1.8M. It’s a smarter investment compared to condos, where you also contend with condo fees on top of property taxes. Partnering up spreads the responsibilities, helps grow equity, and sets the stage for potential future sales to move onto bigger ventures. Dive into real estate investing with a team and watch your wealth grow together!
Option 3
Are you a first-time buyer? Imagine purchasing this home with one or two friends and enjoying shared living in a space where each unit has its own entrance. Unlike condos, houses typically appreciate more over time. Plus, you can save money and generate additional income by building a laneway house. Share responsibilities and future profits with your co-buyers. Situated in an excellent location near the subway line and city amenities, you can even consider ditching your car to save on expenses. Embrace the sense of community living, where you can support each other, care for pets, and perhaps even cook together. It’s like having the best of friends and neighbours all under one roof – pretty cool, right?
More pictures and a virtual tour
Let’s have a conversation about your goals and how we can help to achieve them. Feel free to call/text me direct anytime at 416-797-6226 or email at sold@donnabulika.com
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