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490 Montrose Avenue in Toronto: Palmerston-Little Italy Commercial for sale (Toronto C01) : MLS®# C12468439
490 Montrose Avenue Toronto M6G 3H1 : Palmerston-Little Italy
- $1,449,000 /For Sale
- Prop. Type:
- Commercial
- MLS® Num:
- C12468439
- Status:
- Active
- Bus Major:
- Apts - 2 To 5 Units
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:
- Commercial
- Property Sub Type:
- Investment
- Freestanding:
- No
- Total Area:
- 3400 sq. ft. Square Feet
- Total Area:
3,400 sq. ft.
- Lot Depth:
100'
- Lot Frontage:
14'⅛"
- Water supply:
- Municipal
- Zoning:
- CR 3.0(CL.0; 23.5)ss2 (X1570)
- Heating type:
- Gas Hot Water
- Garage:
- None
- Possession Details:
- Vacant Possession
- HST Applicable To Sale Price:
- Included In, Not Subject to HST
- Type Taxes:
- Annual
- Taxes:
- $6,885 / 2025
- Assessment:
- $- / -
- Toronto
- Toronto C01
- Palmerston-Little Italy
- No
- None
- Utilities:
- Available
- Air Conditioning:
- Yes
- Seller Property Info Statement:
- No
- Major Business Type:
- Apts - 2 To 5 Units
- Category:
- Apartment
Listed by FREEMAN REAL ESTATE LTD.
Data was last updated October 21, 2025 at 06:15 AM (UTC)
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