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    For Sale - 486 Montrose Avenue, Toronto, Ontario

    Est payment $10,804/mo
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    Views   4
    Time on Jump  64 day

    AI Summary *

    • Exceptional investment in Toronto's vibrant Little Italy/Palmerston area.
    • Legal fourplex with extensive renovations and strong rental income potential.
    • Four self-contained suites with individual utilities and in-suite amenities.
    • Flexible leasing options with vacant units ready for new tenants.
    • Prime location near restaurants, parks, and transit for easy city access.




    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.
    Listing IDC13471464
    Address486 Montrose Avenue
    CityToronto, Ontario
    Price$2,250,000
    Bed / Bath5 / 4 Full
    Style2 1/2 Storey, Fourplex
    ConstructionBrick
    TypeMulti-Family
    StatusFor Sale

    Subtype FourplexIndoor Features Floor Drain, Separate Heating Controls, Separate Hydro Meter, Sump Pump, Water Heater Owned, Water MeterOutdoor Features Deck, Patio, PorchAmenities Fenced Yard, Park, Public Transit, Rec./Commun.Centre, SchoolOwnership FreeholdWaterfront NoneBasement Apartment, Finished with Walk-Out, FullFoundation Poured ConcreteHeating / Cooling Forced AirHeating Fuel GasSewer Sewer

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    Listing Agency:  PG DIRECT REALTY LTD.

    * Data is provided courtesy of PROPTX. The information provided herein must only be used by consumers that have a bona fide interest in the purchase, sale, or lease of real estate and may not be used for any commercial purpose or any other purpose. The information is deemed reliable but is not guaranteed accurate by PROPTX.

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    486 Montrose Avenue
    Toronto , Ontario
    5 4 $2,250,000
    Get more info