486 Montrose AVE, Toronto C01, ON M6G 3H1
486 Montrose AVE, Toronto C01, ON M6G 3H1
486 Montrose AVE, Toronto C01, ON M6G 3H1
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$2,250,000
Est. payment /mo
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5 Beds
4 Baths
New

486 Montrose AVE Toronto C01, ON M6G 3H1

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Anthony Di Chiazza

Anthony Di Chiazza

+1(416) 877-4940

UPDATED:

Key Details

Property Type Multi-Family

Sub Type Fourplex

Listing Status Active

Purchase Type For Sale

Approx. Sqft 2000-2500

Municipality Toronto C01

Subdivision Palmerston-Little Italy

MLS Listing ID C13471464

Style 2 1/2 Storey

Bedrooms 5

Annual Tax Amount $9,721

Tax Year 2026

Property Sub-Type Fourplex

Property Description

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.

Location

Province ON

County Toronto

Community Toronto C01

Area Toronto

Rooms

Family Room Yes

Basement Apartment, Finished with Walk-Out, Full

Kitchen 4

Separate Den/Office 1

Interior

Interior Features Floor Drain, Separate Heating Controls, Separate Hydro Meter, Sump Pump, Water Heater Owned, Water Meter

Cooling Central Air

Fireplace No

Heat Source Gas

Exterior

Exterior Feature Deck, Patio, Porch

Parking Features Private Double

Pool None

Waterfront Description None

Roof Type Asphalt Shingle,Flat

Lot Frontage 28.0

Lot Depth 100.17

Total Parking Spaces 2

Building

Building Age 100+

Unit Features Fenced Yard,Park,Public Transit,Rec./Commun.Centre,School

Foundation Poured Concrete

Others

Security Features Carbon Monoxide Detectors,Smoke Detector

ParcelsYN No

Listed by PG DIRECT REALTY LTD.

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Anthony Di Chiazza

Anthony Di Chiazza

Realtor

+1(416) 877-4940

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486 Montrose AVE