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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

Main Photo: 490 Montrose Avenue in Toronto: Palmerston-Little Italy Commercial for sale (Toronto C01)  : MLS®# C12468439banner
$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:
Switch units of measure3,400 sq. ft.
Lot Depth:
Switch units of measure100'
Lot Frontage:
Switch units of measure14'⅛"
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
Date Listed:
Oct 17, 2025
Original Price:
Previous Price:
Listed by FREEMAN REAL ESTATE LTD.
Data was last updated October 21, 2025 at 06:15 AM (UTC)