Client RemarksAbsolutely perfect Palmerston/Little Italy legal Duplex steps from Bloor street overlooking famed Christie Pits Park. Experience extremely rare property versatility and utilize as full investment, live/rent, multi generational and even zoning for different commercial uses! Property sold with VACANT possession so the choice is yours! Currently divided into 2 two-storey units seamlessly combining chic modern renovations with sought after mechanical upgrades. Benefit from extremely high rent of roughly $93,000 - $102,000 per year depending on property use, WOW! Main floor / lower features a light filled open concept design highlighted by the original exposed brick, hardwood floors and gas fireplace. One of a kind restaurant style kitchen with commercial appliances and walk out to professionally landscaped urban oasis. 2nd/3rd 2 bedroom, 2 bath offers a sun drenched eat in kitchen, large principle rooms and incredible roof top terrace potential! Enjoy a private courtyard like front entrance on iconic Montrose Ave and take advantage of this perfect location to further tailor this gem to suit your needs! Live and rent, full investment, Live and work, convert to single family...the possibilities are endless!!! Enjoy living in the heart of Toronto with elite access to Bloor St, Beautiful Parks, Delicious Restaurants, Boutique Shops, Nightlife, Community Centres and Coveted Schools. This is the property you always dreamed of and now it could be yours! Don't miss out!
Address
490 Montrose Avenue
List Price
$1,399,000
MLS® Status
New
Expiration Date
2026-02-27
Property Type
Commercial
Type of Dwelling
Investment
Transaction Type
Sale
Area
Toronto C01
Sub-Area
Palmerston-Little Italy
Region
Toronto
Lot Size Source
GeoWarehouse
Lot Depth
100
Lot Type
Lot
Lot Size Units
Feet
Lot Width
14.01
Total Building Area
3400
Occupant Type
Owner+Tenant
Cross Street
Bloor & Montrose
MLS® Number
C12552514
Listing Brokerage
FREEMAN REAL ESTATE LTD.
Basement
Yes
Postal Code
M6G 3H1
Posession Details
Vacant Possession
Tax Amount
$6,885.00
Tax Year
2025
Standard Status
Active
Board Or Association
Toronto Regional Real Estate Board
Heat Type
Gas Hot Water
Cooling Features
Yes
Garage Type
None
Tax Legal Description
PT LT 4-6 BLK A PL 430 CITY WEST AS IN CA188198; CITY OF TORONTO
Security Features
No