Listed by Pg Direct Realty Ltd..

486 Montrose Avenue is a Fourplex, 2 1/2 Storey and is currently for Sale @ $2,250,000. Taxes in 2026 were $9,721.83.

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Visit REALTOR website for additional information. The 2 1/2 Storey on 486 Montrose Avenue has 4 bedrooms, 4 bathrooms, and is located on a 100.17 x 28 ft lot in the community of Palmerston-Little Italy .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.

all existing appliances

The address 486 Montrose Avenue was listed for sale (MLS# C13471464) on Saturday, June 20, 2026.