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: 2026-09-15 23:55:47

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, Kensington Market, U of T, & 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.

Extras

Fourplex

Property

Status: For Sale

MLS #: C13471464

Price: $ 2,147,000

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 Of Bloor

City: Toronto

Postal Code: M6G 3H1

DOM: 44 Days

Last Update: 2026-09-15 23:55:47

 

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