61 Ossington Ave.

Asking: $5,595,000.00

 

BUILDING AND LOT SUMMARY

61 Ossington Avenue is situated on the South East corner of Bruce Street just north of Queen St. W., on one of the most sought after streets in the City.   Many original Victorian features remain intact including high ceilings throughout the building and arched windows openings.  The main floor retail and the basement front space were previously used as  a bar/club and is now vacant.  The second and third floors are configured as 3 x 2 bedroom apartments, however, the 2 second floor units are currently used as office/storage.  All 3 apartments are being leased on a month to month basis and will be vacant on closing allowing for vacant possession of the entire building on closing.  The building is at the north end of a row of well preserved mixed-use storefronts and has a 20’ frontage – approx. 25% larger that the others on the block.

AREA SUMMARY

Ossington Avenue has undergone one of the most major  transitions  of any street n the city  over the past decade and is now become one of the most lively areas in Toronto while still retaining it’s edgy and artsy roots.  Some of the cities best hot spots, restaurants, and alternative retail establishments are located along the strip.  Two mid-rise condo developments have been built on the strip over the past decade with more in the planning stages.  More than 10,000 new condo units have been built within a 10 minute walk of 61 Ossington within the past decade.   CAMH health care facility, once a stigmatized facility cut off from the community now anchors the area and is located at the foot of the street, 2 blocks south of 61 Ossington  Ave.

Size:

  • Lot:  20.01′ x 100.15′
  • Building: 4,619 sq. ft. above grade, 6,457 sq. ft. incl. bsmt., 1,838 sq. ft. main floor retail.
  • Income and Expenses available upon request.

Additional Resources:

 

Propery Map: