486 Montrose Avenue, Toronto, ON
Property Highlights
Welcome to this remarkable 2 1/2 Storey fourplex located in the coveted neighborhood of Palmerston-Little Italy. Expertly crafted featuring premium brick construction, this residence presents an exceptional opportunity offered at $2,250,000 to acquire a beautiful home in a highly sought-after setting. Designed for both comfortable daily living and elegant entertaining, the layout maximizes natural light, functional flow, and lifestyle utility.
- 5 Bedrooms and 4 Bathrooms with 4 functional kitchens
- Generous living space spanning 2000-2500 sqft on a premium 28 x 100.17 ft lot
- Features a apartment, finished with walk-out, full basement, adding superb versatility for recreation, a home gym, or extra storage
- 2.0 total parking spaces available
- Notable attributes: Floor Drain, Separate Heating Controls, Separate Hydro Meter
- equipped with central air central cooling and highly efficient forced air heating via gas
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.
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Property Summary
This fourplex located at 486 Montrose Avenue, Toronto is currently for sale and has been available on SousaSells for 54 days. This property is listed at $2,250,000 with an estimated mortgage of $7,489* per month. It has 5 beds, 4 bathrooms, and is 2000-2500 square feet. 486 Montrose Avenue, Toronto is in the Palmerston-Little Italy neighborhood.
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* Estimated mortgage assumes a 30% down payment, 4.00% interest rate, and 30-year amortization.Yes! Featuring 5 bedrooms and 4 bathrooms, this home offers ample space and comfort for growing families in Palmerston-Little Italy, Toronto.
- •5 spacious bedroom layout offering versatile living space
- •4 well-appointed bathrooms
- •2000-2500 sqft of generous functional square footage
Growing families needing multi-bedroom flexibility and space in Palmerston-Little Italy, Toronto.
Key Features
Additional Details
Property Details
Parking & Garage
Heating & Cooling
Features
Property Features
- Fenced Yard
- Park
- Public Transit
- Rec./Commun.Centre
- School
Interior Features
- Floor Drain
- Separate Heating Controls
- Separate Hydro Meter
- Sump Pump
- Water Heater Owned
- Water Meter
Security Features
- Carbon Monoxide Detectors
- Smoke Detector
Community Features
None listed
Frequently Asked Questions about 486 Montrose Avenue, Toronto, ON
Q.What is the asking price for 486 Montrose Avenue, Toronto, ON ?
The current listing price for 486 Montrose Avenue, Toronto, ON in Palmerston-Little Italy, Toronto is $2,250,000.
Q.How many bedrooms and bathrooms does this property have?
This property features 5 bedrooms and 4 bathrooms across approximately 2000-2500 sqft.
Q.What property type and architectural style is 486 Montrose Avenue, Toronto, ON ?
486 Montrose Avenue, Toronto, ON is a Fourplex (2 1/2 Storey) featuring a Apartment, Finished with Walk-Out, Full basement.
Q.What key property features does 486 Montrose Avenue, Toronto, ON offer?
Key property features include: Fenced Yard, Park, Public Transit, Rec./Commun.Centre, School.
Q.What interior features are included in this home?
Interior highlights include: Floor Drain, Separate Heating Controls, Separate Hydro Meter, Sump Pump, Water Heater Owned, Water Meter.
Q.What security features are installed at 486 Montrose Avenue, Toronto, ON ?
Security features include: Carbon Monoxide Detectors, Smoke Detector.
Q.Is parking available at this property?
Yes, this property offers parking space for 2.0 vehicles (None).
Q.What heating and cooling systems are installed?
Heating is provided via Gas and cooling via Central Air.
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Pricing & Value Insights
Data-driven valuation for 486 Montrose Avenue, Toronto, ON M6G 3H1
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Properties in this area are selling at a steady pace.
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About Purchasing a Home in Toronto, ON
For a property listed at $2,250,000 in Toronto, the legal minimum down payment is $450,000 under current Canadian banking regulations. This calculation applies a 5% requirement on the first $500,000, 10% on the next $499,999, and a flat 20% on any amount exceeding $1,000,000.
Additionally, buyers in Ontario must budget for the Provincial Land Transfer Tax, which is estimated at $42,725 for this transaction. Since the property is located in Toronto, a municipal land transfer tax of $42,725 also applies, bringing the total estimated land transfer taxes to $85,450.
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Disclaimer: AI Insights are generated by an automated system and should be used for informational purposes only. While we strive for accuracy using current market data and deep-learning models, these assessments do not constitute professional real estate, legal, or financial advice. All property values, predictions, and scores are estimates. We strongly recommend verifying all property details and conducting independent due diligence with a licensed professional before making any purchase decisions.