Riding the wave of gentrification is ideal for a homebuyer. Not only do you get to witness first-hand the next stage of evolution of a neighbourhood, the investment upside is substantial. Neighbourhoods in the midst of transformation have a unique texture and vibe; it’s the by-product of mingling grit from the past with the potential of the future in real time.
Seize the Opportunity of an Up-and-Coming Neighbourhood
One of the first stages of gentrification is the arrival of the cool kids- the hipsters, who quietly, but emphatically begin to re-populate aging storefronts with cutting edge cool. New bars, vegan restaurants and cafes emerge, creating an undeniably contemporary vibe
This lovely, upgraded Victorian triplex has a front row seat to this transformation, and is reflective of the housing stock in the ‘hood. It exudes both charm and possibility- the perfect mix for any homeowner. You could choose to occupy all the character space that this home has to offer- or you could rent out the other units, taking advantage of the income growth opportunity.
One of the greatest benefits of Toronto is its rich multi-cultural fabric, offering new experiences, diverse dining and unique retail. This location is at the epicenter of a number of cultural hubs, most notably the Italian, Portuguese and Chinese communities.
Located just south of Bloor St. W and its seemingly endless choices of eclectic eateries, cozy cafes and cool retailers, 683 Ossington Avenue embraces the mantra of real estate success- location, location, location! It’s a well-known fact that the key to preserving and growing your real estate investment is ticking the boxes for location- which means being in close proximity to great nightlife, green space, shopping and public transit. Location is doubly important if you are intending to rent out some or your entire home; a prime location will attract a larger pool of tenants and support you in charging premium rents.
Bloordale Village is to the west, a popular hang for artists and foodies alike. The gastronomy is great, with numerous intimate bistros. Galleries and unique retailers offering objets d’art are growing in popularity as well.
Amenities to Create an Enviable Lifestyle
As for lifestyle-enriching amenities right at the doorstep of 683 Ossington Avenue- there are plenty! Literally only a couple minutes’ walk away is artisan bakery Bloomer’s, which features among other items, handmade vegan donuts. The perfect spot for your after-work aperitif is your local speakeasy Civil Liberties that features prohibition-era cocktails and charcuterie boards. Unfussy Station Social House is just up the road, with burgers, brunch, keto options and great outdoor seating. About a 10-minute walk away is vegan pizza and snack bar Apiecalypse Now.
As for amenities to help with errands, this location can’t be beat. There is an LCBO within walking distance. Shopper’s Drug Mart is also within walking distance. Also close by is the Dufferin Mall, with a Wal-Mart grocery, No Frills, and a good selection of other big box stores.
Living here means an easy commute, with easy access to public transit. The Ossington subway station is a stone’s throw. Having the subway so close is not only convenient for the homeowner, but will be coveted by potential tenants as well.
Green space nearby is also an essential urban amenity. Some of Toronto’s most notable parks are all nearby. Christie Pits Park is under a 10-minute walk away. There is loads to do there year-round, with lots of grassy areas, playgrounds, sports fields, outdoor pool and ice rink in the winter. Dog owners will love being with a 10-minute walk from Bickford Park and its fabulous, large dog park. Slightly further away, but still walkable, is Dufferin Grove Park, with its ample outdoor opportunities. One of the most popular features of this park is the Dufferin Grove Farmers Market that operates year-round.
Upgraded Victorian Triplex Exudes Charm
This sizeable home features three apartments, each with their own separate entrances. Much of the home still retains Victorian charm, fused with the contemporary- like wide baseboards, wide tread risers in the staircases and evident craftsmanship in the woodwork and wainscoting. It’s the perfect combination of style and substance.
The lower level features a fully-renovated suite that is exceptionally bright. Windows are wide, potlights are plentiful and distribute the light evenly. Neutral laminate flooring spreads out throughout the open concept space, playing nicely against the colour scheme, creating a tremendous sense of space. One of the main draws of this sweet suite is the brand new kitchen with contemporary finishes, like quartz countertops.
The main floor offers a 2-bedroom apartment that is sunny and welcoming. The bedrooms are sizeable and have ample closet space. The kitchen is white and bright, with loads of prep space and cupboards for storage. There are numerous nice touches in this lovely apartment, like French doors separating the main living area, which is a wonderful way to encourage the flow of light.
The 2nd and 3rd floors offer a 3-bedroom, spacious apartment. Each of the bedrooms is welcoming and bright and has plenty of closet space. Design elements like mirrored closet doors, a pedestal sink and angled ceilings make an impression in this elegant apartment. The fully renovated kitchen is a stunner and has quartz countertops. Perhaps most beguiling with this particular apartment is the 3rd floor terrace, which provides an incredible vantage point to watch the city shine and sparkle.
This upgraded Victorian is also fully landscaped, featuring a relaxing outdoor retreat in the yard. Another bonus is a double garage.
Is owning a home with charm and investment potential high on your wish list? 683 Ossignton is perfect for you!