REQUEST A TOUR If you would like to see this home without being there in person, select the "Virtual Tour" option and your advisor will contact you to discuss available opportunities.

In-PersonVirtual Tour

Mick Neale

micknealedirect@gmail.com +1(905) 599-3488

$ 2,250,000

Est. payment -/mo

Save

New

486 Montrose AVE Toronto C01, ON M6G 3H1

5 Beds

4 Baths

UPDATED:

Key Details

Property Type Multi-Family

Sub Type Fourplex

Listing Status Active

Purchase Type For Sale

Approx. Sqft 2000-2500

Municipality Toronto C01

Subdivision Palmerston-Little Italy

MLS Listing ID C13471464

Style 2 1/2 Storey

Bedrooms 5

Annual Tax Amount $9,721

Tax Year 2026

Property Sub-Type Fourplex

Property Description

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)

Location

Province ON

County Toronto

Community Toronto C01

Area Toronto

Rooms

Family Room Yes

Basement Apartment, Finished with Walk-Out, Full

Kitchen 4

Separate Den/Office 1

Interior

Interior Features Floor Drain, Separate Heating Controls, Separate Hydro Meter, Sump Pump, Water Heater Owned, Water Meter

Cooling Central Air

Fireplace No

Heat Source Gas

Exterior

Exterior Feature Deck, Patio, Porch

Parking Features Private Double

Pool None

Waterfront Description None

Roof Type Asphalt Shingle,Flat

Lot Frontage 28.0

Lot Depth 100.17

Total Parking Spaces 2

Building

Building Age 100+

Unit Features Fenced Yard,Park,Public Transit,Rec./Commun.Centre,School

Foundation Poured Concrete

Others

Security Features Carbon Monoxide Detectors,Smoke Detector

ParcelsYN No

Listed by PG DIRECT REALTY LTD.

Mick Neale

Agent

+1(905) 599-3488

Mick Neale

486 Montrose AVE Toronto C01, ON M6G 3H1

Key Details

Location

Rooms

Interior

Exterior

Building

Others

GET MORE INFORMATION

Go tour this home

486 Montrose AVE