486 Montrose Avenue, Toronto, ON

Toronto, Central Toronto, Palmerston-Little Italy Hood
South Of Bloor
4+1 Br | 4 Bath | 2000-2500 Sqft
$2,250,000 For Sale

Property Overview

  • Fourplex — 2 1/2 Storey
  • SqFt: | 2000-2500 Sqft
  • Lot Size: 28.00 x 100.17 Feet
  • Age: 100+ Years
  • Basement: Apartment, Finished with Walk-Out, Full
  • Exterior: Brick
  • Taxes: 9,722 / 2026
  • Zoning: n/a
  • MLS #: C13471464
  • Sewer: Sewer
  • Heat Source: Gas , Forced Air

Property 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, 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).

all existing appliances

Property Details

  • For: For Sale
  • Type: Fourplex
  • Style: 2 1/2 Storey
  • Lot: 28.00 x 100.17 Feet
  • Region: Toronto
  • Hood: Palmerston-Little Italy
  • Zoning: n/a
  • Lot Irreg: Fronting on: West
  • Fronting On: West

Building Details

  • Age: 100+ Years
  • Exterior: Brick
  • Heat: Gas , Forced Air
  • A/C: Central Air
  • Interior Features: Floor Drain, Separate Heating Controls, Separate Hydro Meter, Sump Pump, Water Heater Owned, Water Meter
  • Pool: None
  • Sewer: Sewer
  • Garage: None
  • Total Parking: 2.00
  • Driveway: Private Double

Property Interior

  • Sqft: 2000-2500 Sqft
  • Bed: 4 +1
  • Bath: 4
  • Kitchen: 3 +1
  • Family Room: No
  • Basement: Apartment, Finished with Walk-Out, Full
Rooms Details

Bedroom

Main Level

3.18 x 3.15

Kitchen

Main Level

3.5 x 3.23

Living Room

Main Level

5.18 x 3.23

Bedroom

Main Level

3.28 x 3.23

Bedroom

Second Level

3.15 x 3.15

Kitchen

Second Level

4.3 x 3.2

Living Room

Second Level

3.54 x 4.32

Kitchen

Second Level

4.88 x 2.96

Bedroom

Third Level

2.5 x 5.1

Utility Room

Third Level

2.32 x 3

Bedroom

Basement Level

3.04 x 3.6

Living Room

Basement Level

8.96 x 3

Kitchen

Basement Level

7.12 x 2.98

Property Listed by: PG DIRECT REALTY LTD.
Virtual Tour: n/a

Home Valuation Estimate

What is 486 Montrose Avenue, Toronto, ON worth in today’s Palmerston-Little Italy, Central Toronto market?

This HomeZira valuation preview helps buyers and sellers think through the asking price for this 4-bedroom Fourplex with 2000-2500 sq. ft. in Palmerston-Little Italy, Central Toronto. The full estimate reviews the property’s location, home type, bedroom count, size range, age, and nearby comparable market activity after sign-in.

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Location

  • Address: 486 Montrose Avenue
  • Neighborhood: Palmerston-Little Italy
  • Zip/Postal Code: M6G 3H1
  • Nearby Amenities: Fenced Yard, Park, Public Transit, Rec./Commun.Centre, School
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About 486 Montrose Avenue, Toronto C01, ON M6G 3H1, Central Toronto

Located at 486 Montrose Avenue, Toronto, ON in Central Toronto (Palmerston-Little Italy neighbourhood), near South Of Bloor. This freehold home offers Fourplex, ["2 1\/2 Storey"], 4 bedrooms, 4 bathrooms and 2000-2500 sq.ft. (approx.) in a layout suited to everyday family living. Basement: Apartment, Finished with Walk-Out, Full • 2 parking spots • Garage: None • Heating: Gas Forced Air • Cooling: Central Air. Property taxes are approximately $9,722 for 2026. 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 yo.

FAQs for 486 Montrose Avenue, Toronto, ON , Palmerston-Little Italy , Central Toronto

What are the listing details for 486 Montrose Avenue, Toronto, ON?
486 Montrose Avenue, Toronto, ON is a Fourplex for sale in Central Toronto, in the Palmerston-Little Italy neighbourhood, Toronto. The current list price is $2,250,000. MLS number: C13471464.
How many bedrooms and bathrooms does this home have?
486 Montrose Avenue, Toronto, ON is listed as a Fourplex with a ["2 1\/2 Storey"] style, featuring 4+1 bedroom(s) and 4 bathroom(s). The listed interior size range is 2000-2500 sq. ft..
What lot, basement, garage, or parking details are listed?
The lot size is listed as approximately 28.00 x 100.17 Feet. The basement is listed as: Apartment, Finished with Walk-Out, Full. Garage type: None. Total parking: 2 space(s).
What heating, cooling, and exterior details are shown?
Heating is listed as: Gas, Forced Air. Cooling is listed as: Central Air. Exterior/construction materials are listed as: Brick.
Where is this property located?
486 Montrose Avenue, Toronto, ON is located in the Palmerston-Little Italy neighbourhood of Central Toronto. The listed cross street is South Of Bloor.
What information is available on this public listing page?
The public listing page shows current active listing information, property photos, room details when available, map location, listed price, property features, and contact options. Annual taxes are listed as $9,722 / 2026. Valuation tools and similar sold-property previews are available after sign-in where applicable, without displaying sold data in this public FAQ.

FAQ content is based on current active listing fields shown on this page. Sold prices, sold comparables, and VOW-only details are not included in this public FAQ.