628 Ossington Avenue, Toronto, ON
Palmerston-Little Italy, Toronto · MLS® C13856864
About this home
In short
- Renovated, stylish, and made for city living, this 2-bed, 3-bath home with parking pairs thoughtful updates with a functional floor plan and a covetable west-end...
- The open-concept main floor is designed for everyday living and entertaining, with bamboo hardwood floors, thoughtful built-in storage, ample natural light from...
- A renovated kitchen (2026), complete with brand new stainless steel appliances, stone counters, subway tile backsplash, and a walkout that makes summer dinners and...
- Step outside to your own private backyard, where mature greenery, a landscaped pond, and a covered deck create a peaceful escape from the city.
- Downstairs, the finished basement gives you room to adapt as life changes, with a rec room, additional 3pc bath, & separate entrance, ideal for movie nights, a home...
Renovated, stylish, and made for city living, this 2-bed, 3-bath home with parking pairs thoughtful updates with a functional floor plan and a covetable west-end location. The open-concept main floor is designed for everyday living and entertaining, with bamboo hardwood floors, thoughtful built-in storage, ample natural light from large, bright windows, crown moulding, built-in speakers, and a convenient powder room. A renovated kitchen (2026), complete with brand new stainless steel appliances, stone counters, subway tile backsplash, and a walkout that makes summer dinners and weekend get-togethers easy. Step outside to your own private backyard, where mature greenery, a landscaped pond, and a covered deck create a peaceful escape from the city. Upstairs, two spacious bedrooms share a generous 6pc bath and ultra-convenient second-floor laundry. Downstairs, the finished basement gives you room to adapt as life changes, with a rec room, additional 3pc bath, & separate entrance, ideal for movie nights, a home office, or workout space. A convenient laneway parking space adds everyday convenience. Behind the style are substantial peace of mind updates, including furnace (2026), central air conditioning (2026), interior and front exterior painting (2026), exterior parging (2026), electrical panel (2026), roof (2022), Eco-Energy doors and windows, two additional mini-split heat pump units (2017), and an owned water heater. An unbeatable location, with long-term, friendly neighbours, here you're surrounded by the best of the west. This is also a transit hub: choose from the subway, streetcar, bus, or bike share to be across the city in minutes. On weekends, wander to Christie Pits, explore Little Italy, enjoy coffee along Bloor, or spend the afternoon strolling the Ossington strip. The options are endless! Stylishly renovated, thoughtfully updated, and set in a spectacular west-end pocket, this is city living at it's finest!
Key facts
- Property type
- Semi-Detached, 2-Storey
- MLS®
- C13856864
- Bedrooms
- 2
- Bathrooms
- 3 (1 half)
- Size
- 1100-1500 sq ft
- Lot
- 18.33 × 92 ft
- Cross streets
- Ossington & Bloor
- Parking
- 1 parking
- Driveway
- Lane
- Basement
- Finished, Separate Entrance
- Heating
- Forced Air
- A/C
- Central Air, Wall Unit(s)
- Exterior
- Brick
- Foundation
- Brick
- Roof
- Asphalt Shingle, Membrane
- Sewer
- Sewer
- Property tax
- $6,607 / 2026
- Days on market
- 17
- Listing brokerage
- RE/MAX HALLMARK REALTY LTD.
Rooms
combined w/living · crown moulding · built-in speakers
double closet · large window · hardwood floor
open concept · b/i bookcase · hardwood floor
3 pc bath · b/i vanity · tile floor
closet · window · hardwood floor
closet · closet organizers · hardwood floor
2 pc bath · window · hardwood floor
open concept · above grade window · w/o to yard
above grade window · wall sconce lighting · closet
updated · stainless steel appl · stone counters
6 pc bath · soaking tub · separate shower
Listed at $1,299,000. Going by how homes in Palmerston-Little Italy and the wider GTA have actually closed against their asking prices (about 99%, 12 local closings in 90 days), the likely sale price is near $1.28M, if it sells. A realistic range is $1.20M to $1.45M.
Independent value check: $1.40M. Without looking at the asking price, our model values the home itself about 8% above the ask (homes like it typically land between $1.31M and $1.47M).
Why $1.40M. 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:
- ▲ Raises it stronglyThe listing describes it as fully renovated or newly built.
- ▼ Lowers itIts tax bill, which follows the city's own assessment, is $6,607 a year; the typical home sold here pays about $7,600.
- ▼ Lowers itIt is 1,100 to 1,500 sq ft; the typical home sold here is 1,500 to 2,000.
- ▼ Lowers it slightlyIts lot is 18 by 92 ft; the typical lot sold here is 20 by 125.
Total price vs nearby homes. Likely closing about $1.28M, from 12 recent closings in this pocket.
The market behind the math:
About 4.5 months of inventory: 18 semi-detached homes for sale in the area against 12 closings in the last 90 days. Under two months favours sellers, over four favours buyers.
Price per square foot: this home lists at $999/sqft against an area asking average of $962/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 12 most comparable recent sales on their own, adjusted for size, beds, baths and lot, point to about $1.08M. Condition and finishes remain an in-person call.
What the listing highlights5 points to weigh
Claims from the listing, worth confirming in person. I can book you a private showing.
- Separate entrance / basement suite: rental or in-law income potential, if it is legally registered and retrofit-compliant. Income potential
- Finished basement: added living space, worth checking ceiling height and that the work was permitted. Value driver
- Renovated / rebuilt: recent work can mean fewer upfront costs, worth confirming the scope, quality, and that permits were pulled. Value driver
- Premium lot / gardens: lot size and privacy hold value and cannot be changed, verify frontage, depth, and any easements. Value driver
- Open-concept layout: modern, sought-after flow. Lifestyle
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
Below comparable homes on total price, yet the price per square foot ($999/sqft) is in line with the area, which usually points to a smaller or more efficient layout.
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 88 closings in Palmerston-Little Italy.
For sale
For sale
For sale
For sale
For sale
For sale
For sale
For saleNothing 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 $1.40M, which is where my estimate comes from.
Per square foot, these ask about $1,056/sqft; this home lists at $999/sqft. Size is part of the price story, not just the sticker.
The 5 closest of 8 active listings nearby.
See all comparable homesSold price trend
Median sold price for semi-detached homes in Toronto: $1.12M in September 2026, up 2% from a year ago, on 2,409 closings in 12 months.
Line: median sold price, each month averaged with its neighbours and weighted by closings. Bars: closings that month. Toronto as a whole: the neighbourhood alone has too few closings for a line of its own.
Month by month
| Month | Median sold | Closings |
|---|---|---|
| October 2025 | $1.08M | 252 |
| November 2025 | $1.03M | 207 |
| December 2025 | $967K | 117 |
| January 2026 | $997K | 100 |
| February 2026 | $1.09M | 151 |
| March 2026 | $1.18M | 180 |
| April 2026 | $1.18M | 242 |
| May 2026 | $1.18M | 282 |
| June 2026 | $1.21M | 262 |
| July 2026 | $999K | 237 |
| August 2026 | $970K | 166 |
| September 2026 | $1.12M | 213 |
Neighbourhood & location
Palmerston-Little Italy, 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
Conventional (20%+ down). Best insured 5-year fixed 4.34% via Ratehub.ca (as of October 20, 2026); conventional rates run a little higher.
Mortgage amount $1,039,200 · 4.49% over 25 years
Total monthly cost
- Mortgage payment (monthly equivalent)
- $5,746
- Property tax
- $551
- Condo / maintenance fees
- $0
- Heating
- $0
- Estimated monthly cost
- $6,296
Add your own property tax, condo fees, and heating on the left for a sharper total.
One-time closing costs
- Ontario land transfer tax
- $22,455
- Toronto municipal land transfer tax
- $22,455
- Estimated closing costs
- $44,910
Plus your down payment of $259,800. 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
- $344,755
- Principal paid down
- $126,971
- Interest paid
- $217,784
- Balance remaining
- $912,229
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 Palmerston-Little Italy (29 of 147 recent detached leases were basement units, around $1,750 a month). The figure above is the whole house on one lease; rented as two units, the suite alone brings about $1,750 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 29 whole-home leases in Palmerston-Little Italy signed at a median of $3,175 a month; adjusted to this home for size, beds and baths, and for where rents stood the month each signed, that is $3,885. 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 RE/MAX HALLMARK REALTY LTD.. MLS®/PropTx.