486 Montrose Avenue

ActiveDowntown Toronto / Waterfront · Palmerston-Little Italy47 days on marketMLS® C13471464

$2,250,000

$1,125 / sq ft

Bedrooms5

Bathrooms4

Interior2,000 sq ft

TypeMulti-Family

ListingFor Sale

Days on Market47

About this property

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)

Features & finishes

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Air Conditioning

Basement

Property details

MLS® Number	C13471464
Status	Active
Listing Type	For Sale
Property Type	Multi-Family
Interior Size	2,000 sq ft
Beds / Baths	5 bed · 4 bath
Neighbourhood	Palmerston-Little Italy
City	Downtown Toronto / Waterfront
Postal Code	M6G 3H1
Province	ON
Listed Date	June 20, 2026
Days on Market	47
Price per Sq Ft	$1,125
Brokerage	PG DIRECT REALTY LTD.