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Investment signal

$1,619,000

288 OSSINGTON AVENUE

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Beds

Baths

Sqft

—

Year

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Type

Single Family

Suite

Investment signal

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Location nearby

Nearby school, halal, mosque, grocery, park, and transit layers are still being built for Toronto (Trinity-Bellwoods). The listing facts above are live; the neighborhood-intelligence layer needs POI coverage before it can score this address properly.

About this home

288 Ossington is a turnkey, income-generating duplex with easy triplex potential, offering flexibility for investors or end-users. Live in one unit and rent the others, or fully optimize as a high-yield multi-family asset. Featuring a 2 bed, 1 bath main floor suite ($2,850 + utilities) and a spacious 3+ office, 2 bath upper unit spanning the 2nd and 3rd floors (vacating June 30th). Located steps from the Ossington Strip, Trinity Bellwoods, transit, and top restaurants, this property sits in a high-demand rental neighbourhood known for consistently strong tenant demand and long-term investment stability. Extensively updated in Sept 2023 with brand new modern kitchens and bathrooms, stainless steel appliances, upgraded finishes, and improved mechanical systems. Features include new 200 AMP electrical service (2025), electrical baseboard heating in all rooms for independent climate control, updated lighting, and custom blinds throughout. Exterior improvements include new gutters (2023) and a refreshed front façade. The vacant basement with two existing walk-outs, kitchen, and bathroom presents an excellent opportunity to create a third unit with minimal work, unlocking additional income potential. (id:65958)

Subtype: Single Family
Structure: House
Community: Trinity-Bellwoods
Common interest: Freehold
Lot dimensions: 20 x 100 FT
Bedrooms: 5 above grade, 2 below grade
Parking: 0 total
Stories: 2.5
On market: Apr 21, 2026
Status changed: Apr 22, 2026
Annual tax: $6,356.95
Photos: 44
MLS#: C13027218
Area: TORONTO_(TRINITY-BELLWOODS)

Features and systems

Parking

No Garage

Basement

Apartment in basementSeparate entranceN/AN/A

Appliances

WasherRefrigeratorOvenDryerHood FanWater Heater

Heating

Baseboard heatersForced airNot knownNot knownElectricNatural gas

Cooling

Central air conditioning

Exterior

Brick

Foundation

Concrete

Negative cash flow ~$1,713/mo at these assumptions

Monthly rent (CAD)Adjust to your local market estimateDown payment (%)Investment props typically 20-25%Mortgage rate (% annual)Default 4.5% — adjust to your rate holdAmortization (years)

Cash on cash

-6.35%

Cap rate

3.59%

GRM

16.7

Break-even rent

$9,904

Financing

Down payment$323,800

Loan amount$1,295,200

Mortgage$6,563/mo

Operating expenses (monthly)

Property tax(est. 0.55%/yr (AB avg))$742

Insurance$80

Maintenance$1,349

CapEx reserve$675

Vacancy loss$405

Estimates only. Actual cash flow depends on financing terms, condition reports, current market rents, property tax assessment, condo fees, and tenant quality. Defaults: 4.5% rate, 30-year amortization, 5% vacancy, 1%/yr maintenance, 0.5%/yr CapEx reserve, $80/mo insurance. Property tax estimated at 0.55%/yr where not provided. Talk to a mortgage broker before relying on these numbers.

Mortgage estimate

Estimated $6,563/mo at 4.5% with 20% down, 30-yr amortization.Estimate only — actual payment varies by qualification + insurance.

Listing brokerage

Listing brokerage on file

Listing data via CREA DDF®. Information is deemed reliable but not guaranteed accurate by CREA. Last updated Apr 22, 2026.