393 Ossington Ave, Toronto, ON

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 home comes with something increasingly hard to find downtown: rear laneway access and a large detached 2.5-car garage. Beyond the obvious parking and storage benefits, the laneway creates another intriguing possibility for buyers interested in exploring the potential for a future laneway suite, subject to City approvals & applicable requirements. The house itself is packed with opportunity. Keep & improve the character that's already here, create a spectacular single-family home, or investigate the potential for a duplex or triplex & additional rental income. A separate basement entrance, second-floor butler's kitchen & flexible multi-level layout give renovators, investors & end users plenty to work with. Original oak floors, a bay window & French doors add character, while some of the less glamorous, but important, work has already been addressed: high-efficiency gas furnace (2019), copper water lines throughout, updated electrical & panels, & owned hot water heater. The sloped roofs on the house and garage, along with the flat roof over the kitchen addition, were replaced approximately 10 years ago. Permits are also available for the garage, veranda & kitchen addition. Upstairs, the third-floor loft with cathedral ceilings delivers a great Toronto party trick: unobstructed CN Tower views. You're just down the street from a pocket of Ossington that feels like Williamsburg, Brooklyn met old-world Europe for a drink & decided to stay. Trinity Bellwoods, Little Italy, Little Portugal & Beaconsfield Village surround you, with restaurants, cafés, shops, parks, schools, transit, art & nightlife all part of everyday life. Live in it. Renovate it. Reimagine it. Explore its income potential. Whatever the plan, opportunities with this much flexibility, a detached garage & a laneway in this location don't come along very often.