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About the Listing 242800 -
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)
Listing Highlights
Status
Active
Days on Site
26
Property Type
Multi-Family
MLS ®
C13471464
Year Built
Total Square Footage
2,000
Lot/Acreage
N/A
Interior Details
- Bedrooms: 5
- Bathrooms: 4 Full
- Appliances:
- Air Cond: Central Air
- Heating: Gas
- Fireplaces:
- Floor:
- Above Ground Sq Ft:
- Below Ground Sq Ft: n/a
- Basement: Apartment,Finished with Walk-Out,Full
- Other: Floor Drain,Separate Heating Controls,Separate Hydro Meter,Sump Pump,Water Heater Owned,Water Meter,4 Kitchens
- Water:
Exterior Details
- Garage Capacity: 2 car
- Roof: Asphalt Shingle,Flat
- Others: Deck,Patio,Porch,Fenced Yard,Park,Public Transit,Rec./Commun.Centre,School
- Sewer: Sewer
- Parking Features: Private Double,No Garage
Financial Details
- Tax Amount: $9,722
- Taxes w/Assessments: N/A
- Tax/Property ID: 212690050
- Tax Year: 2026
Payment Calculator
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Questions About..
486 Montrose Ave Toronto, ON M6G 3H1
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