393 Ossington Avenue, Toronto, ON
Trinity-Bellwoods, Toronto · MLS® C13762708
About this home
In short
- Some houses tell you exactly what they are.
- Set in one of Toronto's trendiest neighbourhoods, this detached wood-frame home with vinyl siding and brick at the front and rear kitchen addition offers flexibility...
- A 3-foot side walkway provides convenient access between the front and rear, while the multi-level layout gives renovators, investors and end users plenty to work with.
- The laneway may also offer future laneway suite potential, subject to City approvals.
- Upstairs, the third-floor loft with cathedral ceilings delivers a pretty great Toronto party trick: unobstructed CN Tower views from the front.
Some houses tell you exactly what they are. This one asks what you want it to become. Set in one of Toronto's trendiest neighbourhoods, this detached wood-frame home with vinyl siding and brick at the front and rear kitchen addition offers flexibility, character and future potential. A 3-foot side walkway provides convenient access between the front and rear, while the multi-level layout gives renovators, investors and end users plenty to work with.Keep and improve the character, create a spectacular single-family home, or explore additional living space and income opportunities, subject to applicable approvals. A separate basement entrance and flexible floor plan add possibilities. Original oak floors, a bay window and French doors bring character, while important updates include a high-efficiency furnace (2019), copper water lines, updated electrical and panels, and an owned hot water heater. The sloped house and garage roofs and flat roof over the kitchen addition were replaced approx. 10 years ago. Permits are available for the garage, veranda and kitchen addition. At the rear, a patio and garden provide outdoor space, while double laneway access leads to a large detached 2.5-car garage. The laneway may also offer future laneway suite potential, subject to City approvals. Upstairs, the third-floor loft with cathedral ceilings delivers a pretty great Toronto party trick: unobstructed CN Tower views from the front. Ossington is often described as Toronto's answer to Williamsburg, Brooklyn, and has earned recognition as one of the world's trendiest neighbourhoods. Trinity Bellwoods, Little Italy, Little Portugal and Beaconsfield Village surround you, with restaurants, cafés, shops, parks, schools, transit, art and nightlife nearby. Live in it. Renovate it. Reimagine it. Whatever the plan, detached homes with this much flexibility, double laneway access and a large garage in this location don't come along often.
Key facts
- Property type
- Detached, 2 1/2 Storey
- MLS®
- C13762708
- Bedrooms
- 5+1 (6 total)
- Bathrooms
- 3 (2 half)
- Size
- 1500-2000 sq ft
- Lot
- 20 × 127 ft
- Cross streets
- Ossington Ave & Dundas St W
- Parking
- 2.5 garage (detached)
- Driveway
- Lane
- Basement
- Finished with Walk-Out, Separate Entrance
- Heating
- Forced Air
- A/C
- Central Air
- Exterior
- Brick, Vinyl Siding
- Foundation
- Concrete
- Roof
- Shingles
- Sewer
- Sewer
- Property tax
- $7,435 / 2026
- Days on market
- 2
- Listing brokerage
- NEW ERA REAL ESTATE
Rooms
french doors · large window · hardwood floor
cathedral ceiling(s) · vinyl floor · window
overlooks backyard · hardwood floor · b/i microwave
window · hardwood floor
vinyl floor · window · w/o to yard
bay window · french doors · hardwood floor
window · hardwood floor
hardwood floor · closet · window
hardwood floor · window
Listed at $1,749,900 with no offer date, so the ask is the seller’s number, and homes priced this way sell close to it. My read is $1.64M, typically $1.61M to $2.22M. Comparable closings on their own put this home around $1.38M, so the ask carries a premium over the comparables: the seller is pricing in the finishes, the lot, or room to negotiate. That gap is your negotiating room.
Second read, from the city assessment: $1.31M. Similar homes sold in line with their assessments, and this one lands close to the comparable-sales figure, which is what a firm read looks like.
Total price vs nearby homes. Fair value about $1.64M, median of 7 comparables.
The market behind the math:
About 5.3 months of inventory: 7 detached homes for sale in the area against 4 closings in the last 90 days. Under two months favours sellers, over four favours buyers.
Price per square foot: this home lists at $1,000/sqft against an area asking average of $1,386/sqft. Size and $/sqft both feed the estimate above.
- Walk-out basement apartment features. A finished 1 bed walk-out basement apartment with a separate entrance. A self-contained space for extended family, guests or potential income. Basements do rent in Trinity-Bellwoods: 11 of the 72 detached leases here lately were basement units, around $2,250 a month. That makes the suite real income, and comparable-sales math under-prices it, so read the estimate as a floor. Second-suite retrofit status is not verified. A buyer intending to rent should confirm requirements with the City of Toronto.
How this estimate is builtthe short version
I take the 7 most comparable recent sales nearby and adjust each one to this home for the real differences (size, beds, baths, garage, lot frontage, a ravine backing, an inground pool), then use the median, which is steadier than leaning on any single sale.
It’s grounded in recent closing prices, not asking prices. Lot, condition, and finishes are my in-person call, and the city (MPAC) assessment points to about $1.31M, a bit lower.
What the listing highlights4 points to weigh
Claims from the listing, worth confirming in person. I can book you a private showing.
- Renovated / rebuilt: recent work can mean fewer upfront costs, worth confirming the scope, quality, and that permits were pulled. Value driver
- Addition / added square footage: more space lifts value when it is permitted and well integrated, verify the permits. Value driver
- Tall ceilings: they transform how a home feels, worth confirming the actual heights room to room. Worth verifying
- Garden / laneway suite potential: extra-unit upside, but confirm zoning and feasibility with the city. Worth verifying
Schools & getting aroundcatchment and transit
Its public catchment (Ossington/Old Orchard Junior Public School) tests around the provincial average, a steady, family-friendly draw. The full EQAO breakdown is below.
Read this with carewhy it’s an estimate, not an appraisal
There were not many closely comparable homes right in Trinity-Bellwoods, so I widened the search to the surrounding area.
Based on 7 comparable homes that sold in Trinity-Bellwoods over the past two years, from 37 closings there.
Nothing closely matching this home is listed nearby right now, so these are the nearest detached listings on the market. Homes like this one have recently closed around $1.38M, which is where my estimate comes from.
Per square foot, these ask about $1,425/sqft; this home lists at $1,000/sqft. Size is part of the price story, not just the sticker.
The 3 closest active listings nearby.
See all comparable homesNeighbourhood & location
Trinity-Bellwoods, Toronto, ON
Enter a workplace or destination and we’ll show the door-to-door time by car, transit and bike.
How asking prices compare in the closest areas to this home. Longer bars mean a pricier market.
Typical asking price of active listings of the same type, per area (outliers removed). Toronto.
Get the full neighbourhood report (schools, parks, transit & safety) →
The public and Catholic schools this address is zoned for, with EQAO results (the share of students meeting Ontario's provincial standard).
School attendance boundaries and EQAO results are Ontario government data and can change. Confirm the current catchment with the school board before relying on it.
Also nearby: 12 more schools within 2.5 km
Not the assigned catchment: schools a family here could reach, with EQAO results where published.
Affordability & Mortgage
Income needed assumes a ~32% GDS ratio; weekly is mortgage principal & interest only. Price ÷ income is the home price over the income needed. Fixed reference assumptions so listings compare on equal footing, not a lending decision.
Calculate and customize your mortgage and other expenses
Adjust the down payment, rate, and amortization, and add property tax, condo fees, and heating to see your true monthly cost.
Your numbers
Homes over $1.5M can't be insured, so 20% down or more is required.
Conventional (20%+ down). Best insured 5-year fixed 4.09% via Ratehub.ca (as of September 11, 2026); conventional rates run a little higher.
Mortgage amount $1,399,920 · 4.24% over 25 years
Total monthly cost
- Mortgage payment (monthly equivalent)
- $7,547
- Property tax
- $620
- Condo / maintenance fees
- $0
- Heating
- $0
- Estimated monthly cost
- $8,167
Add your own property tax, condo fees, and heating on the left for a sharper total.
One-time closing costs
- Ontario land transfer tax
- $31,473
- Toronto municipal land transfer tax
- $31,473
- Estimated closing costs
- $62,946
Plus your down payment of $349,980. Legal fees, title insurance, and adjustments are extra and vary by deal.
Mortgage stress test
Lenders qualify you at the greater of your rate plus 2% or 5.25%. You do not pay this rate. It just shows you could still handle payments if rates rose, so aim to stay comfortable at this higher number.
Over the full 25 years
At the end of your 5-year term
- Total paid over the term
- $452,828
- Principal paid down
- $176,191
- Interest paid
- $276,637
- Balance remaining
- $1,223,729
Talk to Team Asgarian about your options
Rates and programs change often. We will connect you with a trusted mortgage professional and build a plan that fits your budget and goals.
Estimates only, not a mortgage quote or pre-approval. Figures use Canadian semi-annual compounding, current minimum down-payment rules, CMHC premium tiers, and Ontario (plus Toronto, when selected) land transfer tax. Actual rates, taxes, insurance, and closing costs vary by lender and property. Confirm every number with your mortgage professional.
Investor snapshot
The suite is real income here: basements rent in Trinity-Bellwoods (11 of 72 recent detached leases were basement units, around $2,250 a month). The figure above is the whole house on one lease; rented as two units, the suite alone brings about $2,250 a month on top of the upper floors. Permitted use is worth confirming with the city.
Thinking of this home as an investment? We will pull real comparable rents and run the full numbers with you.
Talk about the numbersThe last 6 whole-home leases in Trinity-Bellwoods signed at a median of $10,647 a month; adjusted to this home for size, beds and baths, and for where rents stood the month each signed, that is $8,069. The gross yield above is on the asking price, before taxes and upkeep; the cap rate is after them. A finished basement or second suite can push real rent above it. Taxes, fees, and vacancy vary by property, and cap rate is before financing.
Helpful resources
All information deemed reliable but not guaranteed. For personal, non-commercial use only. Listing courtesy of NEW ERA REAL ESTATE. MLS®/PropTx.