623 Ossington Ave
Palmerston-Little Italy, Downtown Toronto, M6G 3T6
FOR SALE
$1,449,999
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Property Description
Welcome to 623 Ossington Ave, a rarely offered detached Located in the heart of Palmerston-Little Italy, one of Toronto's most desirable neighbourhoods. This detached home on a wide lot is a Renovator's dream as it presents limitless opportunities. Either renovate your dream home or renovate as an investment property. The detached lot allows for tear down and rebuild opportunities as well. The long lot allows for building of a sizable laneway house and still provides ample backyard space. Laneway Housing Advisors confirmed the property is eligible for building a 1,312 square feet laneway house over 2 floors. A++ location minutes away from Ossington Subway, restaurants, cafes, shops along Bloor, Harbord and College Streets. Family oriented neighbourhood with great schools. This home is well maintained and being offered for the first time in almost 30 years. Your next home is here!
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Listing History
| List Date | End Date | Days Listed | List Price | Sold Price | Status |
|---|---|---|---|---|---|
| 2023-10-19 | 2024-01-31 | 104 | $1,499,999 | - | Expired |
Nearby Intersections
Bloor & Ossington (14)
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Property Details
Street
Community
City
Property Type
Detached, 2-Storey
Lot Size
19' x 126'
Fronting
East
Taxes
$6,416 (2023)
Basement
Unfinished
Exterior
Brick
Heat Type
Forced Air
Heat Source
Gas
Air Conditioning
Central Air
Water
Municipal
Driveway
Lane
Garage Type
None
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Room Summary
| Room | Level | Size | Features |
|---|---|---|---|
| Living | Main | 10.20' x 13.42' | Fireplace, Window, Hardwood Floor |
| Dining | Main | 8.89' x 10.07' | Bay Window, Hardwood Floor |
| Kitchen | Main | 10.99' x 18.60' | Large Window, Window, Tile Floor |
| Mudroom | Main | 7.55' x 10.99' | Separate Rm, Window, Laminate |
| Br | 2nd | 10.07' x 12.89' | Bay Window, Closet, Vinyl Floor |
| Br | 2nd | 7.78' x 13.42' | Window, Vinyl Floor |
| Br | 2nd | 9.19' x 10.07' | Window, Closet, Vinyl Floor |
| Br | 2nd | 8.69' x 10.99' | Window, Broadloom |
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Downtown Toronto Market Statistics
Downtown Toronto Price Trend
623 Ossington Ave is a 4-bedroom 2-bathroom home listed for sale at $1,449,999, which is $645,196 (30.8%) lower than the average sold price of $2,095,195 in the last 30 days (April 6 - May 5). During the last 30 days the average sold price for a 4 bedroom home in Downtown Toronto increased by $92,282 (4.6%) compared to the previous 30 day period (March 7 - April 5) and up $17,916 (0.9%) from the same time one year ago.Inventory Change
There were 643 4-bedroom homes listed in Downtown Toronto over the last 30 days (April 6 - May 5), which is up 45.5% compared with the previous 30 day period (March 7 - April 5) and up 7.2% compared with the same period last year.Sold Price Above/Below Asking ($)
4-bedroom homes in Downtown Toronto typically sold $20,709 (1.0%) above asking price over the last 30 days (April 6 - May 5), which represents a $6,039 increase compared to the previous 30 day period (March 7 - April 5) and $55,325 less than the same period last year.Sales to New Listings Ratio
Sold-to-New-Listings ration (SNLR) is a metric that represents the percentage of sold listings to new listings over a given period. The value below 40% is considered Buyer's market whereas above 60% is viewed as Seller's market. SNLR for 4-bedroom homes in Downtown Toronto over the last 30 days (April 6 - May 5) stood at 41.8%, down from 62.0% over the previous 30 days (March 7 - April 5) and down from 56.7% one year ago.Average Days on Market when Sold vs Delisted
An average time on the market for a 4-bedroom 2-bathroom home in Downtown Toronto stood at 15 days when successfully sold over the last 30 days (April 6 - May 5), compared to 49 days before being removed from the market upon being suspended or terminated.Listing contracted with World Class Realty Point
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