$1,335,000
471 Shaw Street, Toronto C01, ON M6G 3L4
+16 more
1 / 18
486 Montrose Avenue — Fourplex
For SaleToronto, ON M6G 3H1
5 Bed · 4 Bath · Fourplex
MLS #C13471464
$2,250,000
Listed Price
About This Property
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.
Property Details
Bedrooms
5
Bathrooms
4
Square Feet
2000-2500 sqft
Property Type
Fourplex
Style2 1/2 Storey
Approx. Age100+ years
Lot Size28 100 ft
Frontage28.0 ft
Depth100.2 ft
GarageNone
BasementApartment, Finished with Walk-Out, Full
CoolingCentral Air
HeatingForced Air
Parking Spaces2
Listed OnJun 19, 2026
MLS Size2000-2500
Property Tax$9,722/year
Rooms
| Name | Size (m) | Size (ft) | Features |
|---|---|---|---|
| Bedroom(Main) | 3.18 x 3.15 | 10.4 x 10.3 | - |
| Bedroom(Main) | 3.18 x 3.15 | 10.4 x 10.3 | - |
| Bedroom(Main) | 3.18 x 3.15 | 10.4 x 10.3 | - |
| Bedroom(Main) | 3.18 x 3.15 | 10.4 x 10.3 | - |
| Bedroom(Main) | 3.18 x 3.15 | 10.4 x 10.3 | - |
| Bedroom(Main) | 3.18 x 3.15 | 10.4 x 10.3 | - |
| Bedroom(Main) | 3.18 x 3.15 | 10.4 x 10.3 | - |
| Bedroom(Main) | 3.18 x 3.15 | 10.4 x 10.3 | - |
| Bedroom(Main) | 3.18 x 3.15 | 10.4 x 10.3 | - |
| Bedroom(Main) | 3.18 x 3.15 | 10.4 x 10.3 | - |
| Bedroom(Main) | 3.18 x 3.15 | 10.4 x 10.3 | - |
| Bedroom(Main) | 3.18 x 3.15 | 10.4 x 10.3 | - |
| Bedroom(Main) | 3.18 x 3.15 | 10.4 x 10.3 | - |
| Bedroom(Main) | 3.18 x 3.15 | 10.4 x 10.3 | - |
| Kitchen(Main) | 3.5 x 3.23 | 11.5 x 10.6 | - |
| Kitchen(Main) | 3.5 x 3.23 | 11.5 x 10.6 | - |
| Kitchen(Main) | 3.5 x 3.23 | 11.5 x 10.6 | - |
| Kitchen(Main) | 3.5 x 3.23 | 11.5 x 10.6 | - |
| Kitchen(Main) | 3.5 x 3.23 | 11.5 x 10.6 | - |
| Kitchen(Main) | 3.5 x 3.23 | 11.5 x 10.6 | - |
| Kitchen(Main) | 3.5 x 3.23 | 11.5 x 10.6 | - |
| Kitchen(Main) | 3.5 x 3.23 | 11.5 x 10.6 | - |
| Kitchen(Main) | 3.5 x 3.23 | 11.5 x 10.6 | - |
| Kitchen(Main) | 3.5 x 3.23 | 11.5 x 10.6 | - |
| Kitchen(Main) | 3.5 x 3.23 | 11.5 x 10.6 | - |
| Kitchen(Main) | 3.5 x 3.23 | 11.5 x 10.6 | - |
| Kitchen(Main) | 3.5 x 3.23 | 11.5 x 10.6 | - |
| Kitchen(Main) | 3.5 x 3.23 | 11.5 x 10.6 | - |
| Living Room(Main) | 5.18 x 3.23 | 17.0 x 10.6 | - |
| Living Room(Main) | 5.18 x 3.23 | 17.0 x 10.6 | - |
| Living Room(Main) | 5.18 x 3.23 | 17.0 x 10.6 | - |
| Living Room(Main) | 5.18 x 3.23 | 17.0 x 10.6 | - |
| Living Room(Main) | 5.18 x 3.23 | 17.0 x 10.6 | - |
| Living Room(Main) | 5.18 x 3.23 | 17.0 x 10.6 | - |
| Living Room(Main) | 5.18 x 3.23 | 17.0 x 10.6 | - |
| Living Room(Main) | 5.18 x 3.23 | 17.0 x 10.6 | - |
| Living Room(Main) | 5.18 x 3.23 | 17.0 x 10.6 | - |
| Living Room(Main) | 5.18 x 3.23 | 17.0 x 10.6 | - |
| Living Room(Main) | 5.18 x 3.23 | 17.0 x 10.6 | - |
| Living Room(Main) | 5.18 x 3.23 | 17.0 x 10.6 | - |
| Living Room(Main) | 5.18 x 3.23 | 17.0 x 10.6 | - |
| Living Room(Main) | 5.18 x 3.23 | 17.0 x 10.6 | - |
| Bedroom(Main) | 3.28 x 3.23 | 10.8 x 10.6 | - |
| Bedroom(Main) | 3.28 x 3.23 | 10.8 x 10.6 | - |
| Bedroom(Main) | 3.28 x 3.23 | 10.8 x 10.6 | - |
| Bedroom(Main) | 3.28 x 3.23 | 10.8 x 10.6 | - |
| Bedroom(Main) | 3.28 x 3.23 | 10.8 x 10.6 | - |
| Bedroom(Main) | 3.28 x 3.23 | 10.8 x 10.6 | - |
| Bedroom(Main) | 3.28 x 3.23 | 10.8 x 10.6 | - |
| Bedroom(Main) | 3.28 x 3.23 | 10.8 x 10.6 | - |
| Bedroom(Main) | 3.28 x 3.23 | 10.8 x 10.6 | - |
| Bedroom(Main) | 3.28 x 3.23 | 10.8 x 10.6 | - |
| Bedroom(Main) | 3.28 x 3.23 | 10.8 x 10.6 | - |
| Bedroom(Main) | 3.28 x 3.23 | 10.8 x 10.6 | - |
| Bedroom(Main) | 3.28 x 3.23 | 10.8 x 10.6 | - |
| Bedroom(Main) | 3.28 x 3.23 | 10.8 x 10.6 | - |
| Bedroom(Second) | 3.15 x 3.15 | 10.3 x 10.3 | - |
| Bedroom(Second) | 3.15 x 3.15 | 10.3 x 10.3 | - |
| Bedroom(Second) | 3.15 x 3.15 | 10.3 x 10.3 | - |
| Bedroom(Second) | 3.15 x 3.15 | 10.3 x 10.3 | - |
| Bedroom(Second) | 3.15 x 3.15 | 10.3 x 10.3 | - |
| Bedroom(Second) | 3.15 x 3.15 | 10.3 x 10.3 | - |
| Bedroom(Second) | 3.15 x 3.15 | 10.3 x 10.3 | - |
| Bedroom(Second) | 3.15 x 3.15 | 10.3 x 10.3 | - |
| Bedroom(Second) | 3.15 x 3.15 | 10.3 x 10.3 | - |
| Bedroom(Second) | 3.15 x 3.15 | 10.3 x 10.3 | - |
| Bedroom(Second) | 3.15 x 3.15 | 10.3 x 10.3 | - |
| Bedroom(Second) | 3.15 x 3.15 | 10.3 x 10.3 | - |
| Bedroom(Second) | 3.15 x 3.15 | 10.3 x 10.3 | - |
| Bedroom(Second) | 3.15 x 3.15 | 10.3 x 10.3 | - |
| Kitchen(Second) | 4.3 x 3.2 | 14.1 x 10.5 | - |
| Kitchen(Second) | 4.3 x 3.2 | 14.1 x 10.5 | - |
| Kitchen(Second) | 4.3 x 3.2 | 14.1 x 10.5 | - |
| Kitchen(Second) | 4.3 x 3.2 | 14.1 x 10.5 | - |
| Kitchen(Second) | 4.3 x 3.2 | 14.1 x 10.5 | - |
| Kitchen(Second) | 4.3 x 3.2 | 14.1 x 10.5 | - |
| Kitchen(Second) | 4.3 x 3.2 | 14.1 x 10.5 | - |
| Kitchen(Second) | 4.3 x 3.2 | 14.1 x 10.5 | - |
| Kitchen(Second) | 4.3 x 3.2 | 14.1 x 10.5 | - |
| Kitchen(Second) | 4.3 x 3.2 | 14.1 x 10.5 | - |
| Kitchen(Second) | 4.3 x 3.2 | 14.1 x 10.5 | - |
| Kitchen(Second) | 4.3 x 3.2 | 14.1 x 10.5 | - |
| Kitchen(Second) | 4.3 x 3.2 | 14.1 x 10.5 | - |
| Kitchen(Second) | 4.3 x 3.2 | 14.1 x 10.5 | - |
| Living Room(Second) | 3.54 x 4.32 | 11.6 x 14.2 | - |
| Living Room(Second) | 3.54 x 4.32 | 11.6 x 14.2 | - |
| Living Room(Second) | 3.54 x 4.32 | 11.6 x 14.2 | - |
| Living Room(Second) | 3.54 x 4.32 | 11.6 x 14.2 | - |
| Living Room(Second) | 3.54 x 4.32 | 11.6 x 14.2 | - |
| Living Room(Second) | 3.54 x 4.32 | 11.6 x 14.2 | - |
| Living Room(Second) | 3.54 x 4.32 | 11.6 x 14.2 | - |
| Living Room(Second) | 3.54 x 4.32 | 11.6 x 14.2 | - |
| Living Room(Second) | 3.54 x 4.32 | 11.6 x 14.2 | - |
| Living Room(Second) | 3.54 x 4.32 | 11.6 x 14.2 | - |
| Living Room(Second) | 3.54 x 4.32 | 11.6 x 14.2 | - |
| Living Room(Second) | 3.54 x 4.32 | 11.6 x 14.2 | - |
| Living Room(Second) | 3.54 x 4.32 | 11.6 x 14.2 | - |
| Living Room(Second) | 3.54 x 4.32 | 11.6 x 14.2 | - |
| Kitchen(Second) | 4.88 x 2.96 | 16.0 x 9.7 | - |
| Kitchen(Second) | 4.88 x 2.96 | 16.0 x 9.7 | - |
| Kitchen(Second) | 4.88 x 2.96 | 16.0 x 9.7 | - |
| Kitchen(Second) | 4.88 x 2.96 | 16.0 x 9.7 | - |
| Kitchen(Second) | 4.88 x 2.96 | 16.0 x 9.7 | - |
| Kitchen(Second) | 4.88 x 2.96 | 16.0 x 9.7 | - |
| Kitchen(Second) | 4.88 x 2.96 | 16.0 x 9.7 | - |
| Kitchen(Second) | 4.88 x 2.96 | 16.0 x 9.7 | - |
| Kitchen(Second) | 4.88 x 2.96 | 16.0 x 9.7 | - |
| Kitchen(Second) | 4.88 x 2.96 | 16.0 x 9.7 | - |
| Kitchen(Second) | 4.88 x 2.96 | 16.0 x 9.7 | - |
| Kitchen(Second) | 4.88 x 2.96 | 16.0 x 9.7 | - |
| Kitchen(Second) | 4.88 x 2.96 | 16.0 x 9.7 | - |
| Kitchen(Second) | 4.88 x 2.96 | 16.0 x 9.7 | - |
| Bedroom(Third) | 2.5 x 5.1 | 8.2 x 16.7 | - |
| Bedroom(Third) | 2.5 x 5.1 | 8.2 x 16.7 | - |
| Bedroom(Third) | 2.5 x 5.1 | 8.2 x 16.7 | - |
| Bedroom(Third) | 2.5 x 5.1 | 8.2 x 16.7 | - |
| Bedroom(Third) | 2.5 x 5.1 | 8.2 x 16.7 | - |
| Bedroom(Third) | 2.5 x 5.1 | 8.2 x 16.7 | - |
| Bedroom(Third) | 2.5 x 5.1 | 8.2 x 16.7 | - |
| Bedroom(Third) | 2.5 x 5.1 | 8.2 x 16.7 | - |
| Bedroom(Third) | 2.5 x 5.1 | 8.2 x 16.7 | - |
| Bedroom(Third) | 2.5 x 5.1 | 8.2 x 16.7 | - |
| Bedroom(Third) | 2.5 x 5.1 | 8.2 x 16.7 | - |
| Bedroom(Third) | 2.5 x 5.1 | 8.2 x 16.7 | - |
| Bedroom(Third) | 2.5 x 5.1 | 8.2 x 16.7 | - |
| Bedroom(Third) | 2.5 x 5.1 | 8.2 x 16.7 | - |
| Utility Room(Third) | 2.32 x 3 | 7.6 x 9.8 | - |
| Utility Room(Third) | 2.32 x 3 | 7.6 x 9.8 | - |
| Utility Room(Third) | 2.32 x 3 | 7.6 x 9.8 | - |
| Utility Room(Third) | 2.32 x 3 | 7.6 x 9.8 | - |
| Utility Room(Third) | 2.32 x 3 | 7.6 x 9.8 | - |
| Utility Room(Third) | 2.32 x 3 | 7.6 x 9.8 | - |
| Utility Room(Third) | 2.32 x 3 | 7.6 x 9.8 | - |
| Utility Room(Third) | 2.32 x 3 | 7.6 x 9.8 | - |
| Utility Room(Third) | 2.32 x 3 | 7.6 x 9.8 | - |
| Utility Room(Third) | 2.32 x 3 | 7.6 x 9.8 | - |
| Utility Room(Third) | 2.32 x 3 | 7.6 x 9.8 | - |
| Utility Room(Third) | 2.32 x 3 | 7.6 x 9.8 | - |
| Utility Room(Third) | 2.32 x 3 | 7.6 x 9.8 | - |
| Utility Room(Third) | 2.32 x 3 | 7.6 x 9.8 | - |
| Bedroom(Basement) | 3.04 x 3.6 | 10.0 x 11.8 | - |
| Bedroom(Basement) | 3.04 x 3.6 | 10.0 x 11.8 | - |
| Bedroom(Basement) | 3.04 x 3.6 | 10.0 x 11.8 | - |
| Bedroom(Basement) | 3.04 x 3.6 | 10.0 x 11.8 | - |
| Bedroom(Basement) | 3.04 x 3.6 | 10.0 x 11.8 | - |
| Bedroom(Basement) | 3.04 x 3.6 | 10.0 x 11.8 | - |
| Bedroom(Basement) | 3.04 x 3.6 | 10.0 x 11.8 | - |
| Bedroom(Basement) | 3.04 x 3.6 | 10.0 x 11.8 | - |
| Bedroom(Basement) | 3.04 x 3.6 | 10.0 x 11.8 | - |
| Bedroom(Basement) | 3.04 x 3.6 | 10.0 x 11.8 | - |
| Bedroom(Basement) | 3.04 x 3.6 | 10.0 x 11.8 | - |
| Bedroom(Basement) | 3.04 x 3.6 | 10.0 x 11.8 | - |
| Bedroom(Basement) | 3.04 x 3.6 | 10.0 x 11.8 | - |
| Bedroom(Basement) | 3.04 x 3.6 | 10.0 x 11.8 | - |
| Living Room(Basement) | 8.96 x 3 | 29.4 x 9.8 | - |
| Living Room(Basement) | 8.96 x 3 | 29.4 x 9.8 | - |
| Living Room(Basement) | 8.96 x 3 | 29.4 x 9.8 | - |
| Living Room(Basement) | 8.96 x 3 | 29.4 x 9.8 | - |
| Living Room(Basement) | 8.96 x 3 | 29.4 x 9.8 | - |
| Living Room(Basement) | 8.96 x 3 | 29.4 x 9.8 | - |
| Living Room(Basement) | 8.96 x 3 | 29.4 x 9.8 | - |
| Living Room(Basement) | 8.96 x 3 | 29.4 x 9.8 | - |
| Living Room(Basement) | 8.96 x 3 | 29.4 x 9.8 | - |
| Living Room(Basement) | 8.96 x 3 | 29.4 x 9.8 | - |
| Living Room(Basement) | 8.96 x 3 | 29.4 x 9.8 | - |
| Living Room(Basement) | 8.96 x 3 | 29.4 x 9.8 | - |
| Living Room(Basement) | 8.96 x 3 | 29.4 x 9.8 | - |
| Living Room(Basement) | 8.96 x 3 | 29.4 x 9.8 | - |
| Kitchen(Basement) | 7.12 x 2.98 | 23.4 x 9.8 | - |
| Kitchen(Basement) | 7.12 x 2.98 | 23.4 x 9.8 | - |
| Kitchen(Basement) | 7.12 x 2.98 | 23.4 x 9.8 | - |
| Kitchen(Basement) | 7.12 x 2.98 | 23.4 x 9.8 | - |
| Kitchen(Basement) | 7.12 x 2.98 | 23.4 x 9.8 | - |
| Kitchen(Basement) | 7.12 x 2.98 | 23.4 x 9.8 | - |
| Kitchen(Basement) | 7.12 x 2.98 | 23.4 x 9.8 | - |
| Kitchen(Basement) | 7.12 x 2.98 | 23.4 x 9.8 | - |
| Kitchen(Basement) | 7.12 x 2.98 | 23.4 x 9.8 | - |
| Kitchen(Basement) | 7.12 x 2.98 | 23.4 x 9.8 | - |
| Kitchen(Basement) | 7.12 x 2.98 | 23.4 x 9.8 | - |
| Kitchen(Basement) | 7.12 x 2.98 | 23.4 x 9.8 | - |
| Kitchen(Basement) | 7.12 x 2.98 | 23.4 x 9.8 | - |
| Kitchen(Basement) | 7.12 x 2.98 | 23.4 x 9.8 | - |
OQ
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Home Features
Property TypeFourplex
Style2 1/2 Storey
Approx. Age100+ years
Lot Size28 × 100 ft
Frontage28.0 ft
Depth100.2 ft
GarageNone
BasementApartment, Finished with Walk-Out, Full
CoolingCentral Air
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About 486 Montrose Avenue, Toronto, ON M6G 3H1
486 Montrose Avenue, Toronto, ON M6G 3H1 is a 5-bedroom, 4-bathroom 2 1/2 storey fourplex with approximately 2000-2500 square feet of living space, situated on a 28 100 foot lot. This property is currently for sale at $2,250,000. The home features a none garage and a apartment, finished with walk-out, full basement, built approximately 100+ years ago.
Palmerston-Little Italy Neighbourhood
This home is located in Palmerston-Little Italy, part of Toronto C01 in the Toronto area. Explore more homes for sale and recently sold properties in this neighbourhood.
Whether you are looking to buy, sell, or lease in Palmerston-Little Italy, our team of experienced real estate professionals can help you navigate the market and find the perfect home. Contact us today for a free consultation.
486 Montrose Avenue, Toronto, ON M6G 3H1
486 Montrose Avenue, Toronto, ON M6G 3H1 for sale,5 bedroom fourplex Palmerston-Little Italy,Toronto C01 homes for sale,Toronto real estate,2 1/2 Storey homes, fourplex for sale