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7694 Islington Ave, 2nd Floor Suite 220
Vaughan, ON L4L 1W3
Tel: (905) 856-7514

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486 Montrose Avenue, Toronto C01, ON M6G 3H1

Property For Sale | C13471464Sale

Listing ID: C13471464
$2,250,000
5 Bedrooms
4 Bathrooms
Listing ID #C13471464
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, 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.

Basic Details
Listing ID : C13471464
Listing Type : Sale
Price : $2,250,000
Bathrooms : 4
Status : Active
Property Sub Type : Fourplex
Roof : Asphalt Shingle, Flat
Map
Address Map
486
Montrose
US
ON
Toronto
Toronto C01
M6G 3H1
Avenue
West
South Of Bloor
Property Area
Palmerston-Little Italy
Features
: Central Air
: None
: Full, Apartment, Finished with Walk-Out
: Private Double
: 2 1/2 Storey
: Patio, Deck, Porch
: Water Meter, Sump Pump, Separate Hydro Meter, Water Heater Owned, Floor Drain, Separate Heating Controls
: Sewer
Rooms
5
Additional Information
: Brick
: Poured Concrete
Financial
9721.83
Listing Information
PG DIRECT REALTY LTD.
New
2026-08-13T18:52:43Z
TRREB

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