Welcome to a classic Toronto home in the heart of Palmerston-Little Italy, offering exceptional versatility for both investors and end users. Currently configured as three self-contained units, each with its own kitchen and bath, this property presents an excellent opportunity to generate rental income or live comfortably while offsetting expenses. Spanning three levels, each with separate entrances, bright & functional layouts. Separate laundry room with coin operated washer/dryer(2025) and separate hot water tank(2025). The detached two-car garage off the laneway adds rare value and potential for additional income if converted to a coach house (buyer to verify). Enjoy Toronto's most desirable amenities right at your doorstep - steps to Bloor, College, and Harbord, surrounded by trendy cafés, parks, and convenient transit options that make this location truly unbeatable. Whether you're an investor seeking a turnkey income property or a homeowner looking for a flexible live-and rent setup, 515 Ossington Avenue offers endless potential in one of the city's most sought-after neighborhoods.