486 Montrose Avenue
Palmerston-Little Italy
Toronto
M6G 3H1
$2,250,000
Residential Freehold
beds: 4+1
baths: 4.0
- Status:
- Active
- Prop. Type:
- Residential Freehold
- MLS® Num:
- C13471464
- Bedrooms:
- 4+1
- Bathrooms:
- 4
- Photos (18)
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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.
- Property Type:
- Residential Freehold
- Property Sub Type:
- Fourplex
- Home Style:
- 2 1/2 Storey
- Approx. Age:
- 100+
- Total Approx Floor Area:
- 2000-2500
- Lot Depth:
- 100'2"30.5 m
- Lot Frontage:
- 28'8.53 m
- Direction Faces:
- West
- Bedrooms:
- 4+1
- Bathrooms:
- 4.0
- Water supply:
- Municipal
- Kitchens:
- 4
- Kitchens in Basement:
- 1
- Bedrooms Above Grade:
- 4
- Bedrooms Below Grade:
- 1
- Kitchens Above Grade:
- 3
- Rooms Above Grade:
- 13
- Rooms Below Grade:
- 4
- Heating type:
- Forced Air
- Heating Fuel:
- Gas
- Foundation:
- Poured Concrete
- Roof:
- Asphalt Shingle, Flat
- Basement:
- Apartment, Finished with Walk-Out, Full
- Fireplace/Stove:
- No
- Garage:
- None
- Garage Spaces:
- 0.0
- Other Structures:
- Fence - Full
- Parking Features:
- Private Double
- Parking Spaces:
- 2
- Total Parking Spaces:
- 2.0
- Family Room:
- Yes
- Possession Details:
- Flexible
- Pool:
- None
- HST Applicable To Sale Price:
- Included In
- Assessment Year:
- 2025
- Taxes:
- $9,721.83 / 2026
- Assessment:
- $- / 2025
- Toronto
- Toronto C01
- Palmerston-Little Italy
- Fenced Yard, Park, Public Transit, Rec./Commun.Centre, School
- Floor Drain, Separate Heating Controls, Separate Hydro Meter, Sump Pump, Water Heater Owned, Water Meter
- Deck, Patio, Porch
- Carbon Monoxide Detectors, Smoke Detector
- A/C (approx $85/month)
- all existing appliances
- tenants posessions
- Brick
- None
- Floor
- Type
- Size
- Other
- Main
- Bedroom
- 10'5"3.18 m × 10'4"3.15 m
- Main
- Kitchen
- 11'5¾"3.50 m × 10'7"3.23 m
- Main
- Living Room
- 17'5.18 m × 10'7"3.23 m
- Main
- Bedroom
- 10'9"3.28 m × 10'7"3.23 m
- Second
- Bedroom
- 10'4"3.15 m × 10'4"3.15 m
- Second
- Kitchen
- 14'1"4.29 m × 10'6"3.20 m
- Second
- Living Room
- 14'2"4.32 m × 11'7"3.53 m
- Second
- Kitchen
- 16'4.88 m × 9'8½"2.96 m
- Third
- Bedroom
- 16'8¾"5.10 m × 8'2"2.49 m
- Third
- Utility Room
- 9'10"3.00 m × 7'7"2.31 m
- Basement
- Bedroom
- 11'9¾"3.60 m × 10'3.05 m
- Basement
- Living Room
- 29'4¾"8.96 m × 9'10"3.00 m
- Basement
- Kitchen
- 23'4"7.11 m × 9'9"2.97 m
- Special Designation:
- Unknown
- Sewers:
- Sewer
- Air Conditioning:
- Central Air
- Central Vacuum:
- No
- Seller Property Info Statement:
- No
Larger map options:
Listed by PG DIRECT REALTY LTD.
Data was last updated June 20, 2026 at 10:15 PM (UTC)
- ALEX BEAUREGARD
- 988 BATHURST ST., TORONTO, ON M5R 3G6
- 1 (647) 898-4663
- Alex@AlexBeauregard.com
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