486 Montrose Avenue

Toronto, ON M6G 3H1 ( Palmerston-Little Italy)

Quick Facts

Type: Fourplex

Style: 2 1/2 Storey

Size: Sq Ft

Age: Years

Taxes: $ 9,722 ( 2026)

Updated: 2026-06-20 19:09:35

Description

Visit REALTOR website for additional information.Exceptional investment opportunity in the heart of Toronto\'s highly sought-after LittleItaly/Palmerston neighbourhood.This legal fourplex has been extensively renovated and meticulously maintained, offering a rarcombination of strong existing income, vacant units for immediate upside, and outstandinglong-term appreciation potential. Featuring four self-contained suites with four separate hydro meters. All units have their ownsource of heat with no shared air ducts, as well as in-suite W/D, dishwasher and built-inmicrowave.Two units are currently tenanted, while two vacant units offer the flexibility toselect your own tenants at current market rents or occupy one unit yourself while generatingsubstantial 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 suitespanning the second and third floors. In total, the property offers 5 bedrooms and 4 bathroomsacross four legal units. Extensive upgrades and renovations throughout the building deliver turnkey ownership with prideof ownership evident at every turn. Two on-site parking spaces further enhance tenant appealand owner convenience.Ideally located steps from College Street\'s renowned restaurants, cafés, boutiques, parks, andtransit, this vibrant west-end neighbourhood continues to attract quality tenants andhomeowners alike. Enjoy easy access to Little Italy, Bickford Park,Christie Pits,KensingtonMarket, the University of Toronto, and downtown Toronto. Whether you\'re an investor seekingimmediate cash flow and future rental upside or an owner-occupier looking to offset yourmortgage with rental income, this is a rare opportunity to acquire a legal,fully upgradedmulti-unit property in one of Toronto\'s most desirable urban communities.

Extras

Fourplex

Property

Status: For Sale

MLS #: C13471464

Price: $ 2,250,000

Address: 486 Montrose Avenue

Type:

Style: 2 1/2 Storey

Size: Sq Ft

Age: Years

Front On:

Taxes: $ 9,722

Tax Year: 2026

Lot Size:

Neighbourhood: Palmerston-Little Italy

Nearest Intersection: South Off Bloor

City: Toronto

Postal Code: M6G 3H1

DOM: 2 Days

Last Update: 2026-06-20 19:09:35

 

Building

Interior

Bedrooms: 5

Bathrooms: 4

Rooms: 0

Kitchens: 4

Family Room:

Fireplace:

Basement: Apartment Finished with Walk-Out Full,

Central Vacuum:

 

Exterior

Exterior: Brick,

Driveway:

Garage: Private Double

Garage Spaces:

Parking Spaces: 2.00

Pool:

 

Utilities

Electricity (Hydro):

Gas:

Phone:

Cable TV:

Heat Type: Forced Air

Heat Source: Gas

Air Conditioning: Central Air

Water:

Sewers:

 

Features

 

Rooms