A Toronto home that hasn't been on the market since 1965 is a total time capsule

Some houses feel like they've been plucked straight out of another era, but 547 Ossington Ave. has literally been living in the same decade since The Beatles were still all alive and together.

For the first time since 1965, the charming corner property at Dewson St. and Ossington Ave. is up for grabs, and walking inside feels like cracking open a perfectly preserved time capsule.

We're talking teal-blue carpet, a wood-panelled basement and retro brown kitchen tiles. The only thing missing is a swirl of groovy wallpaper and a pastel pink toilet.

The living room. 

If you can look past — or fully embrace — the retro vibes, this place is actually a rare downtown gem.

The kitchen. 

547 Ossington Ave. is a three-bedroom, two-bathroom, two-storey house with a centre-hall layout and a private drive with a detached garage — a combo so scarce in this area of Toronto, you might expect it to come with a velvet rope and an admission fee.

The detached garage. 

Also, if we're talking about potential, the rooms are unusually wide for a downtown home.

One of the bedrooms. 

With windows on three sides, the place is flooded with light.

The dining room with leaded French doors. 

547 Ossington Ave. also has solid, old-school bones that make a big renovation a little less scary.

Another bedroom. 

And if you've got big ambitions, this place is basically zoning gold.

A kitchenette on the second floor. 

According to the listing and multi-unit report, you could add a third floor and end up with four spacious two-bedroom apartments "as of right," without the headache of fighting City Hall.

The basement. 

It also already has three separate entrances plus a basement walkout, making it a natural for multi-unit conversion.

The living room with stained glass windows. 

Location-wise, you couldn't ask for more: Bloor Street and the subway are just to the north, Little Italy, Trinity Bellwoods, and the Ossington strip to the south. 

The yard. 

The only downside is that you're on a major street, which is quite a noisy one at that. The corner lot also means you have virtually no yard space. 

A bathroom. 

Still, whether you want to lovingly polish its vintage charm, gut it for a sleek modern family home or turn it into a small multiplex, opportunities like this don't come around often, especially at this price.

The back of the property. 

547 Ossington Ave. is listed for $1,199,000, which is more than $1 million below the average price of a house in this neighbourhood.