486 Montrose Avenue, Toronto C01, ON M6G 3H1
$2,250,000
$2,250,000

486 Montrose Avenue

Palmerston-Little Italy, Toronto $2,250,000

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5 Beds
4 Baths
2000-2500 sqft
Parking for 2
West Facing
MLS®#:
C13471464
Property Type:
Fourplex
Property Style:
2 1/2 Storey
Area:
Toronto
Community:
Palmerston-Little Italy
Taxes:
$9,721.83 / 2026
Added:
June 20 2026
Lot Frontage:
28
Lot Depth:
100.17
Status:
Active
Outside:
Brick
Year Built:
100+
Basement:
Apartment,Finished with Walk-Out,Full
Brokerage:
PG DIRECT REALTY LTD.
Lot :

100

28

Intersection:
South Of Bloor
Rooms:
Bedrooms:
5
Bathrooms:
4
Fireplace:
Utilities
Water:
Municipal
Cooling:
Central Air
Heating Type:
Forced Air
Heating Fuel:
Bedroom 3.18 x 3.15m

Main Level
Kitchen 3.5 x 3.23m

Main Level
Living Room 5.18 x 3.23m

Main Level
Bedroom 3.28 x 3.23m

Main Level
Bedroom 3.15 x 3.15m

Second Level
Kitchen 4.3 x 3.2m

Second Level
Living Room 3.54 x 4.32m

Second Level
Kitchen 4.88 x 2.96m

Second Level
Bedroom 2.5 x 5.1m

Third Level
Utility Room 2.32 x 3m

Third Level
Bedroom 3.04 x 3.6m

Basement Level
Living Room 8.96 x 3m

Basement Level
Kitchen 7.12 x 2.98m

Basement Level

Listing Details

Visit REALTOR website for additional information. Exceptional investment opportunity in the heart of Toronto's highly sought-after Little Italy/Palmerston neighbourhood. This legal fourplex has been extensively renovated and meticulously maintained, offering a rare combination of strong existing income, vacant units for immediate upside, and outstanding long-term appreciation potential. Featuring four self-contained suites, each with its own heat source with no shared air ducts; each suite also has its own hydro meter, in-suite W/D, dishwasher, and built-in microwave. Two units are tenanted, while two vacant units offer the flexibility to select your own tenants at current market rents or occupy one unit yourself while generating substantial income from the others. The thoughtfully configured layout includes a spacious 1-bed, 1-bath basement apartment in a professionally underpinned (8ft ceiling) lower level; a bright 2-bed, 1-bath main floor suite; a 1-bed, 1-bath second-floor apartment; and a unique upper two-level 1-bed, 1-bath suite spanning the second & third floors; in total, 5 bedrooms and 4 bathrooms across four legal units. Extensive upgrades and renovations throughout deliver turnkey ownership with pride of ownership at every turn; two on-site parking spaces add to tenant appeal and owner convenience. Steps from College Street's renowned restaurants, cafés, boutiques, parks, and transit, this vibrant west-end neighbourhood continues to attract quality tenants and homeowners alike; enjoy easy access to Little Italy, Bickford Park, Christie Pits, KensingtonMarket, UofT, & downtown. Whether you're an investor seeking immediate cash flow and future rental upside or an owner-occupier looking to offset your mortgage with rental income, this is a rare opportunity to acquire a legal, fully upgraded multi-unit property in one of Toronto's most desirable urban communities. (43405081)

all existing appliances

Property Features

Fenced Yard
Park
Public Transit
Rec./Commun.Centre
School

Sale/Lease History of 486 Montrose Avenue

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Neighborhood Overview

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Palmerston-Little Italy home prices

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* Data is provided courtesy of TRREB (Toronto Regional Real-estate Board)