490 Montrose Ave
Palmerston-Little Italy, Toronto
$1,449,000
Buy with Dwelly and Save $14,490
Home Details
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Listing Description
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!
All Existing Appliances, All Wall Mounted A/C Units, All Electrical Light Fixtures, All Window Coverings
City: Toronto
Neighborhood: Palmerston-Little Italy
Property History
| Listing Date | DOM | List Price | Sold Price | Event | MLS ID |
|---|---|---|---|---|---|
| Oct 17, 2025 | 2 | $1,449,000 | N/A | New | C12468439 |
| Sep 15, 2025 | 31 | $1,499,000 | N/A | Terminated | C12404553 |
| Jul 22, 2022 | 32 | $3,795 | $3,945 | Leased | C5707463 |
| Aug 20, 2020 | 38 | $3,095 | $3,295 | Leased | C4879563 |
| Jul 5, 2019 | 17 | $3,495 | $3,495 | Leased | C4508927 |
| Apr 5, 2019 | 0 | $1,100,000 | $1,328,000 | Sold | C4406272 |
| Feb 20, 2013 | 8 | $850,000 | $847,500 | Sold | C2562001 |
Rooms
Room dimensions for 490 Montrose Ave, Toronto
Market Trends and Insights
Mortgage Calculator
Your estimated monthly payment for 490 Montrose Ave is 7689
Price
$Rate
%Ammortization
Down Payment
$Total Mortgage
| Purchase Price | $1449000 |
| Down Payment | $289800 |
| Mortgage Insurance | $0 |
| Total Mortgage | $1159200 |
Monthly Payment
| Mortgage Payment | $7143 |
| Property Taxes | $546 |
| Maintenance Fees | $0 |
| Monthly Payment | $7689 |
About 490 Montrose Ave, Toronto
Located at 490 Montrose Ave , this Toronto house is available for sale. This property was listed for $1,449,000 on Thu Oct 16 2025. This house's size is 2000-2500 Sqft. It has 3 bedrooms and 3 bathrooms. The property includes the following rooms: Living, Dining, Kitchen, Br, Bathroom, Rec, Utility, Foyer, Living, Dining, Kitchen, Br, Bathroom, Primary, Bathroom. 490 Montrose Ave, Toronto is situated in the Palmerston-Little Italy neighbourhood.
MLS#: C12465483 · $1,449,000 · 3 bedroom house in Palmerston-Little Italy, Toronto