$1,199,000
FOR SALE

Semi-Detached 2-Storey

Bedrooms: 7Bathrooms: 2Lot: 20 x 126 ft
2025 Taxes: $7,691.69

493 Ossington Ave
Toronto, ON M6G 3T3 | Palmerston-Little Italy

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. **OPEN HOUSE Sat/Sun 2-4 pm**
Extras
Other
Share
Listed By ROYAL LEPAGE SIGNATURE SUSAN GUCCI REALTY
Data Provided By Toronto Regional Real Estate Board
MLS® Listing Number C13087036
Last Updated May 05, 2026
Property Summary
Property Type Semi-Detached

More like this:
PIN 212720064
Legal Description PT LT 45 PL 302 CITY WEST AS IN CT77899; CITY OF TORONTO
Possession Date TBA
Taxes (2025) $7,691.69
Directions/Cross Streets College St & Ossington Ave
Neighbourhood Palmerston-Little Italy
Area Toronto
Price History

Interested in obtaining the full price history for this property?
Contact us!Contact us! Our real estate professionals would be happy to provide a complete listing history with historical sold prices and dates.

Detailed Information
Fronting On East
Special Designations Unknown
Bedrooms 7
Bathrooms 2
Lot 20 x 126 ft
Exterior Brick
Air Conditioning Central Air
Basement Finished with Walk-Out
Garage Type Detached
Garage/Park Spaces Y
Heat Source Gas
Heat Type Forced Air
Sewers Sewer

The information contained on this site is based in whole or in part on information that is provided under copyright by the Toronto Regional Real Estate Board (TRREB) or by members of The Canadian Real Estate Association (CREA), who are responsible for its accuracy. TRREB and CREA reproduce and distribute this information as a service for their members and assume no responsibility for its accuracy. All information displayed is believed to be accurate but is not guaranteed and should be independently verified. No warranties or representations of any kind are made with respect to the accuracy of such information.
The information provided herein must only be used by consumers that have a bona fide interest in the purchase, sale, or lease of real estate and may not be used for any commercial purpose or any other purpose.

FREE ESTIMATES ARE COMING

Reserve Your Spot To Be Notified
or

Coming soon to select cities
in North America

(We'll never share your details)