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490 Montrose Avenue in Toronto: Palmerston-Little Italy House for sale (Toronto C01) : MLS®# C12465483

490 Montrose Avenue Toronto M6G 3H1 : Palmerston-Little Italy

Main Photo: 490 Montrose Avenue in Toronto: Palmerston-Little Italy House for sale (Toronto C01)  : MLS®# C12465483banner
$1,449,000
Prop. Type:
Residential Freehold
MLS® Num:
C12465483
Status:
Active
Bedrooms:
3+1
Bathrooms:
3
Absolutely 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!
Property Type:
Residential Freehold
Property Sub Type:
Semi-Detached
Home Style:
2 1/2 Storey
Total Approx Floor Area:
2000-2500
Lot Depth:
Switch units of measure100'2"
Lot Frontage:
Switch units of measure14'⅛"
Direction Faces:
West
Bedrooms:
3+1
Bathrooms:
3.0
Water supply:
Municipal
Kitchens:
2
Bedrooms Above Grade:
3
Bedrooms Below Grade:
1
Kitchens Above Grade:
2
Rooms Above Grade:
13
Rooms Below Grade:
2
Zoning:
Residential Duplex (additional commercial zoning)
Heating type:
Water
Heating Fuel:
Gas
Foundation:
Unknown
Roof:
Unknown
Basement:
Full, Separate Entrance
Fireplace/Stove:
Yes
Garage:
None
Garage Spaces:
0.0
Parking Features:
Street Only
Parking Spaces:
0
Total Parking Spaces:
0.0
Family Room:
Yes
Possession Details:
30-60 TBA
Pool:
None
HST Applicable To Sale Price:
Not Subject to HST
Taxes:
$6,553.01 / 2025
Assessment:
$- / -
Toronto
Toronto C01
Palmerston-Little Italy
Fenced Yard, Hospital, Park, Place Of Worship, Public Transit, School
None, Carpet Free, In-Law Suite, Separate Heating Controls, Water Heater
All Existing Appliances, All Wall Mounted A/C Units, All Electrical Light Fixtures, All Window Coverings
Brick, Stucco (Plaster)
Floor
Type
Dimensions
Other
Main
Living Room
Switch units of measure25'2" x 10'8"
Hardwood Floor, Fireplace, Open Concept
Main
Dining Room
Switch units of measure25'2" x 10'8"
Hardwood Floor, Renovated, Open Concept
Main
Kitchen
Switch units of measure10'9" x 10'8"
Renovated, Hardwood Floor, Stainless Steel Appl
Main
Bedroom
Switch units of measure10'9" x 10'
Hardwood Floor, W/O To Yard, Large Window
Lower
Recreation
Switch units of measure25'7" x 18'
Open Concept, Renovated
Lower
Utility Room
Switch units of measure28'6" x 9'5"
Second
Foyer
Switch units of measure0' x 0'
Second
Living Room
Switch units of measure25'2" x 10'8"
Hardwood Floor, Renovated, French Doors
Second
Dining Room
Switch units of measure25'2" x 10'8"
Hardwood Floor, French Doors
Second
Kitchen
Switch units of measure13'5" x 10'6"
Tile Floor, Renovated, Eat-in Kitchen
Second
Bedroom
Switch units of measure10'9½" x 8'½"
Hardwood Floor, Large Window
Third
Primary Bedroom
Switch units of measure18'10" x 11'6"
Hardwood Floor, 3 Pc Bath, W/O To Deck
Floor
Ensuite
Pieces
Other
Main
No
4
0' x 0' 4 Pc Bath, Tile Floor, Renovated
Second
No
4
0' x 0' 4 Pc Bath, Tile Floor, Renovated
Third
No
3
0' x 0' 3 Pc Bath, Separate Shower, Renovated
Special Designation:
Unknown
Sewers:
Sewer
Air Conditioning:
Wall Unit(s)
Central Vacuum:
No
Seller Property Info Statement:
No
Ensuite Laundry:
No
Date Listed:
Oct 16, 2025
Original Price:
Previous Price:
Listed by FREEMAN REAL ESTATE LTD.
Data was last updated October 21, 2025 at 06:15 AM (UTC)