667 Ossington Avenue, Toronto, ON

Palmerston-Little Italy, Toronto · MLS® C13816192

$1,069,000
For Sale
Listed 7 days agoNo offer date stated
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4Bedrooms
2Bathrooms
1Garage
1500-2000Sq ft

About this home

In short

  • Welcome to 667 Ossington Avenue, a spacious and charming 2.5-storey semi-detached home in the heart of Toronto.
  • Featuring 4 generously sized bedrooms, this residence offers the perfect blend of comfort, functionality, and urban convenience-ideal for growing families or savvy...

Welcome to 667 Ossington Avenue, a spacious and charming 2.5-storey semi-detached home in the heart of Toronto. Featuring 4 generously sized bedrooms, this residence offers the perfect blend of comfort, functionality, and urban convenience-ideal for growing families or savvy investors. The main floor boasts a bright and inviting layout with a formal living room and dining room, perfect for both everyday living and entertaining. The eat-in kitchen provide sample space for family meals and gatherings, with great potential to customize to your taste. A second kitchen on the upper level adds exceptional convenience and offers excellent potential for extended family living or rental income. Step outside to a generously sized backyard offering plenty of room to host family and friends for summer BBQs, outdoor dining, and relaxing evenings-your own private outdoor retreat in the city. Situated just steps from Ossington Station and the vibrant Bloor Street corridor, you'll enjoy easy access to transit, trendy shops, cafes, and restaurants. This prime location also offers walking distance to excellent schools, parks, and all essential amenities. A rare opportunity to own a well-located home in one of Toronto's most sought-after neighborhoods.

Key facts

Property type
Semi-Detached, 2 1/2 Storey
MLS®
C13816192
Bedrooms
4
Bathrooms
2
Size
1500-2000 sq ft
Lot
15.12 × 126.1 ft
Cross streets
Ossington Ave & Bloor St
Parking
1 garage (detached)
Driveway
Available, Lane
Basement
Finished
Heating
Radiant
A/C
None
Exterior
Brick
Foundation
Unknown
Roof
Unknown
Sewer
Sewer
Property tax
$7,119 / 2025
Days on market
7
Listing brokerage
Royal LePage Security Real Estate

Rooms

FoyerMain1.19 × 1.04 m

Hardwood Floor

Bedroom 4Third4.34 × 3.25 m

hardwood floor · closet · window

Bedroom 2Second3.23 × 2.69 m

hardwood floor · closet · window

Primary BedroomSecond4.45 × 3.96 m

hardwood floor · closet · window

Living RoomMain3.73 × 3.10 m

hardwood floor · window

Bedroom 5Third4.34 × 3.00 m

hardwood floor · closet · window

RecreationLower6.20 × 3.99 m
Dining RoomMain3.81 × 2.67 m

hardwood floor · window

KitchenMain4.62 × 3.35 m

ceramic floor · window · w/o to deck

KitchenSecond3.38 × 2.69 m

ceramic floor · window

Our TakeTeam Asgarian · Broker
A small discount is typical
$1.06Mlikely sale price

Listed at $1,069,000. Going by how homes in Palmerston-Little Italy and the wider GTA have actually closed against their asking prices (about 99%, 14 local closings in 90 days), the likely sale price is near $1.06M, if it sells. A realistic range is $990K to $1.19M.

Independent value check: $1.33M. Without looking at the asking price, our model values the home itself about 24% above the ask (homes like it typically land between $1.24M and $1.39M).

Why $1.33M. The typical semi-detached home sold in Palmerston-Little Italy over the past year went for about $1.38M (44 sales). What sets this one apart:

  • ▼ Lowers it slightlyIts tax bill, which follows the city's own assessment, is $7,119 a year; the typical home sold here pays about $7,600.
  • ▼ Lowers it slightly1 garage and 1 total parking spaces, against 2 and 2 typically.
  • ▼ Lowers it slightly4 bedrooms and 2 baths, against 4+1 and 3 typically.
List price
$990KBelow recent closings$1.19MAbove recent closings

Total price vs nearby homes. Likely closing about $1.06M, from 14 recent closings in this pocket.

The market behind the math:

14sold nearby · 90 days
$1.41Mmedian sold price
101%of asking, on average
−6%prices vs a year ago
~10 dayshomes like this take to sell
7days on market so far
$4,998/moest. rent · 16 leases
5.6%gross yield on the ask
Balanced market
Buyer's marketSeller's market

About 2.4 months of inventory: 11 semi-detached homes for sale in the area against 14 closings in the last 90 days. Under two months favours sellers, over four favours buyers.

This home
Below area avgAbove area avg

Price per square foot: this home lists at $611/sqft against an area asking average of $1,077/sqft.

How this estimate is builtthe short version

This figure comes from a model built on about 44,000 recent GTA sales. It weighs this home’s tax assessment, size, age, location and features against what homes like it actually sold for, including sales in this neighbourhood.

It never sees the asking price. The 14 most comparable recent sales on their own, adjusted for size, beds, baths and lot, point to about $1.15M. Condition and finishes remain an in-person call.

Schools & getting aroundcatchment and transit

Its public catchment (King Edward Junior and Senior 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 Palmerston-Little Italy, so I widened the search to the surrounding area.

Based on 7 homes sold on this street over the past two years, from 89 closings in Palmerston-Little Italy.

What sellers nearby are askingCurrently listed nearby in Palmerston-Little Italy · asking prices
$1.43Mavg asking

Nothing closely matching this home is listed nearby right now, so these are the nearest semi-detached listings on the market. Homes like this one have recently closed around $1.33M, which is where my estimate comes from.

Per square foot, these ask about $942/sqft; this home lists at $611/sqft. Size is part of the price story, not just the sticker.

The 5 closest of 7 active listings nearby.

See all comparable homes
1.07MThis home1.75M788k1.50M1.25M1.88MThis home vs active comparables

Neighbourhood & location

Palmerston-Little Italy, Toronto, ON

CommuteTime from this home to where you spend your day

Enter a workplace or destination and we’ll show the door-to-door time by car, transit and bike.

Nearby neighbourhoods

How asking prices compare in the closest areas to this home. Longer bars mean a pricier market.

Dovercourt-Wallace Emerson-Junction
$1.26M
Roncesvalles
$899K
Corso Italia-Davenport
$1.01M
Oakwood Village
$1.07M
North Riverdale
$1.30M

Typical asking price of active listings of the same type, per area (outliers removed). Toronto.

Get the full neighbourhood report (schools, parks, transit & safety) →

Schools & catchmentAssigned attendance-boundary schools, with EQAO results

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.

Street view near King Edward Junior and Senior Public School
83%
King Edward Junior and Senior Public SchoolPublic · Elementary · 1.4 km awayHigher-rated than most nearby · 83% meet the provincial standard
Delta Alternative Senior SchoolEQAO results not published
St. BrunoEQAO results not published
Also nearby: 12 more schools within 2.5 km
Central Toronto Academy · Public secondary0.4 km · 69% at standard
Horizon Alternative Senior School · Public elementary0.4 km
West End Alternative School · Public secondary0.5 km
Delta Senior Alternative School · Public elementary0.5 km
Montrose Junior Public School · Public elementary0.5 km · 95% at standard
Dewson Street Junior Public School · Public elementary0.5 km · 64% at standard
St Mary Catholic Academy · Catholic secondary0.6 km · 66% at standard
Harbord Collegiate Institute · Public secondary0.8 km · 85% at standard
ALPHA II Alternative School · Public elementary0.9 km
St Anthony Catholic School · Catholic elementary0.9 km · 78% at standard
Ossington/Old Orchard Junior Public School · Public elementary0.9 km · 88% at standard
Essex Junior and Senior Public School · Public elementary0.9 km · 64% at standard

Not the assigned catchment: schools a family here could reach, with EQAO results where published.

Affordability & Mortgage

Affordability
$4,872/mo
$209KIncome needed
5.1×Price ÷ income
$1,124Weekly cost
$35,710Land transfer tax, one-time (Ontario + Toronto)
20% down4.79%25-yr amortization

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.

89%mortgage
Mortgage $4,872Property tax $593Total carry $5,465

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

$
20.0%
$
%
4.49%
%
Live rate from Ratehub.ca

Conventional (20%+ down). Best insured 5-year fixed 4.34% via Ratehub.ca (as of September 30, 2026); conventional rates run a little higher.

years
years (your rate-locked period)
$4,729per month

Mortgage amount $855,200 · 4.49% over 25 years

$213,800Down payment (20.0%)
$855,200Loan before insurance
$0CMHC premium
$5,322Total monthly cost

Total monthly cost

Mortgage payment (monthly equivalent)
$4,729
Property tax
$593
Condo / maintenance fees
$0
Heating
$0
Estimated monthly cost
$5,322

Add your own property tax, condo fees, and heating on the left for a sharper total.

One-time closing costs

Ontario land transfer tax
$17,855
Toronto municipal land transfer tax
$17,855
Estimated closing costs
$35,710

Plus your down payment of $213,800. Legal fees, title insurance, and adjustments are extra and vary by deal.

Mortgage stress test

6.49%Qualifying rate
$5,723/monthPayment at the qualifying rate

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

$563,364Total interest paid
$1,418,564Total of all payments
Principal $855,200 Interest $563,364
YearPrincipalInterestBalance
1$19,084$37,658$836,116
2$19,951$36,792$816,165
3$20,857$35,886$795,308
4$21,804$34,939$773,504
5$22,794$33,949$750,710
6$23,829$32,914$726,882
7$24,911$31,832$701,971
8$26,042$30,701$675,929
9$27,224$29,519$648,705
10$28,460$28,282$620,245
11$29,752$26,990$590,493
12$31,103$25,639$559,390
13$32,515$24,227$526,874
14$33,992$22,751$492,883
15$35,535$21,207$457,348
16$37,149$19,594$420,199
17$38,835$17,907$381,364
18$40,598$16,144$340,765
19$42,442$14,301$298,324
20$44,369$12,374$253,955
21$46,383$10,359$207,571
22$48,489$8,253$159,082
23$50,691$6,052$108,391
24$52,993$3,750$55,399
25$55,399$1,344$0

At the end of your 5-year term

Total paid over the term
$283,713
Principal paid down
$104,490
Interest paid
$179,223
Balance remaining
$750,710

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.

Let's connect

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

Rental yield
From 16 whole-home leases in Palmerston-Little Italy$4,998/mo
$59,976Gross annual rent
4.2%Cap rate after taxes and upkeep
$4,473 to $5,527Typical rent range
~21 daysTo find a tenant, on average

Thinking of this home as an investment? We will pull real comparable rents and run the full numbers with you.

Talk about the numbers

The last 16 whole-home leases in Palmerston-Little Italy signed at a median of $4,937 a month; adjusted to this home for size, beds and baths, and for where rents stood the month each signed, that is $4,998. 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.

5.6%
Gross yield
− Property tax $7,119− Insurance $1,400− Vacancy & upkeep $6,597Net operating income $44,860

All information deemed reliable but not guaranteed. For personal, non-commercial use only. Listing courtesy of Royal LePage Security Real Estate. MLS®/PropTx.

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