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$2,250,000
Available - For Sale
Listing ID: C13471464
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)
Price $2,250,000
Taxes: $9,721.83
Assessment Year: 2025
Occupancy by: Tenant
Address: 486 Montrose Avenue , Toronto, M6G 3H1, Toronto
Directions/Cross Streets: South Of Bloor
Rooms: 13
Rooms +: 4
Bedrooms: 4
Bedrooms +: 1
Washrooms: 4
Family Room: T
Basement: Apartment
Finished wit
  Level/Floor Room Length(ft) Width(ft) Descriptions
Room 1: Main Bedroom 10.43 10.33
Room 2: Main Kitchen 11.48 10.59
Room 3: Main Living Ro 16.99 10.59
Room 4: Main Bedroom 10.76 10.59
Room 5: Second Bedroom 10.33 10.33
Room 6: Second Kitchen 14.10 10.50
Room 7: Second Living Ro 11.61 14.17
Room 8: Second Kitchen 16.01 9.71
Room 9: Third Bedroom 8.20 16.73
Room 10: Third Utility R 7.61 9.84
Room 11: Basement Bedroom 9.97 11.81
Room 12: Basement Living Ro 29.39 9.84
Room 13: Basement Kitchen 23.35 9.77
No. of Pieces Level
Washroom 1:  4 Main
Washroom 2:  4 Basement
Washroom 3:  4 Second
Washroom 4:  4 Third
Washroom 5:  0
Washroom 6:  4 Main
Washroom 7:  4 Basement
Washroom 8:  4 Second
Washroom 9:  4 Third
Washroom 10:  0
Washroom 11:  4 Main
Washroom 12:  4 Basement
Washroom 13:  4 Second
Washroom 14:  4 Third
Washroom 15:  0
Washroom 16:  4 Main
Washroom 17:  4 Basement
Washroom 18:  4 Second
Washroom 19:  4 Third
Washroom 20:  0
Property Type: Fourplex
Style: 2 1/2 Storey
Exterior: Brick
Garage Type: None
(Parking/)Drive: Private Do
Drive Parking Spaces: 2
Park #1
Parking Type: Private Do
Park #2
Parking Type: Private Do
Pool: None
Other Structures: Fence - Full
Approximatly Age: 100+
Approximatly Square Footage: 2000-2500
Property Features: Fenced Yard
Park
CAC Included: N
Water Included: N
Cabel TV Included: N
Common Elements Included: N
Heat Included: N
Parking Included: N
Condo Tax Included: N
Building Insurance Included: N
Fireplace/Stove: N
Heat Type: Forced Air
Central Air Conditioning: Central Air
Central Vac: N
Laundry Level: Syste
Ensuite Laundry: F
Sewers: Sewer
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PG DIRECT REALTY LTD.

486 Montrose Avenue , Toronto, M6G 3H1, Toronto


 
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Type: Freehold - Fourplex
Area: Toronto
Municipality: Toronto C01
Neighbourhood: Palmerston-Little Italy
Style: 2 1/2 Storey
Lot Size: x 100.17(Feet)
Approximate Age: 100+
Tax: $9,721.83
Maintenance Fee: $0
Beds: 4+1
Baths: 4
Garage: 0
Fireplace: N
Air Conditioning:
Pool: None
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Personal Pic Maria Tompson Sales Representative Your Company Name, Brokerage Independently owned and operated. pic Cell: 416-548-7854 | Office: 416-548-7854

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Maria Tompson
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Your Company Name, Brokerage
Independently owned and operated.
sales@bestforagents.com



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