Absolutely perfect Palmerston/Little Italy legal Duplex steps from Bloor street overlooking famed Christie Pits Park. Perfect as full investment, live/rent or multi generational. Even zoning for different commercial uses opening the door to various legal options. No tenants to assume! PROPERTY NOW VACANT! Currently divided into 2 two-storey units seamlessly combining chic modern renovations with sought after mechanical upgrades. Choose whatever use suits you best. 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
2026-02-28
Property Type
Residential Freehold
Type of Dwelling
Semi-Detached
Style of Home
2 1/2 Storey
Transaction Type
Sale
Area
Toronto C01
Sub-Area
Palmerston-Little Italy
Region
Toronto
Bedrooms
3 + 1
Bedrooms (Total)
4
Rooms Above Grade
13
Rooms Below Grade
2
Bathrooms
3
Floor Area
2000-2500 Sq. Ft.
Lot Depth
100.17
Lot Size Units
Feet
Lot Width
14.01
Occupant Type
Owner+Tenant
Cross Street
Bloor and Christie
MLS® Number
C12552506
Listing Brokerage
FREEMAN REAL ESTATE LTD.
Basement Area
Full, Separate Entrance
Postal Code
M6G 3H1
Posession Details
30-60 TBA
Parking
Street Only
Tax Amount
$6,553.01
Tax Year
2025
Site Influences
Fenced Yard, Hospital, Park, Place Of Worship, Public Transit, School
Interior Features
None, Carpet Free, In-Law Suite, Separate Heating Controls, Water Heater
Property Features
Fenced Yard, Hospital, Park, Place Of Worship, Public Transit, School
Central Vacuum
No
Family Room
Yes
Ensuite Laundry
No
Special Designation
Unknown
Standard Status
Active
Board Or Association
Toronto Regional Real Estate Board
Heat Source
Gas
Heat Type
Water
Cooling Features
Wall Unit(s)
Construction Materials
Brick, Stucco (Plaster)
Direction Faces
West
Fireplace
Yes
Foundation Details
Unknown
Garage
No
Garage Type
None
Kitchens Total
2
Kitchens Above Grade
2
Pool Features
None
Roof
Unknown
Tax Legal Description
PT LT 4-6 BLK A PLCITY WEST AS IN CA 188198; CITY OF TORONTO
Waterfront
No
Sewer
Sewer
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