Address
452 Montrose Avenue, Toronto (Palmerston-Little Italy), ON
Price
$ 3,049,000
Property Attributes
- ID#C13562684
- TypeMulti-Family
- Listing Status Active
- MunicipalityToronto (Palmerston-Little Italy)
- CityToronto (Palmerston-Little Italy)
- AreaPalmerston-Little Italy
- NeighbourhoodPalmerston-Little Italy
- Postal CodeM6G 3H1
- Style
- Price$ 3,049,000
- Bedrooms5+1
- Bathrooms3
- Half Bathrooms2
Data Source:
Canadian Real Estate Association (CREA)
Property Description
A rare opportunity to own an architecturally acclaimed, turnkey income property in the heart of Toronto's coveted Bickford Park/Christie Pits neighbourhood. Delivering a true 3.5%+ cap rate with strong positive monthly cash flow, this exceptional investment offers immediate income with long-term appreciation potential. The property features three separately contained residences: two spacious townhome-style suites plus a newly built, detached laneway house. Designed by Toronto's renowned Fishtnk Design, every detail was thoughtfully considered to maximize tenant appeal while providing low-maintenance, hassle-free ownership. Each suite offers 2 bedrooms, 2 full bathrooms, a private entrance, and its own exclusive courtyard, creating highly desirable living spaces that command premium rents. Bright, open-concept interiors are flooded with natural light and showcase contemporary finishes, efficient layouts, and all-new mechanical systems and infrastructure for worry-free ownership. This award-worthy property has been featured in The Globe and Mail, blogTO, and City Pages, highlighting its exceptional design and innovation. Fully tenanted with excellent occupants, this is a true turnkey investment requiring nothing to do but collect the rent. Located steps from Christie Pits Park, Bickford Park, TTC subway stations, vibrant cafés, restaurants, shops, and some of Toronto's most desirable neighbourhood amenities, this is a premier investment opportunity in one of the city's strongest rental markets. Zoning-compliant, fully-permitted, legal rental suites. New appliances, HVAC, smart thermostats, tankless HWTs, three laundry sets, LEDs, white oak floors, porcelain tile, quartz counters. Separately metered gas and hydro. (id:7434)
General Features
| Property Type | Multi-family |
|---|---|
| CommunityName | Palmerston-Little Italy |
| Building Basement Features | Walk out |
| Building Cooling Type | Central air conditioning |
| Location Description | Bloor St W & Montrose Ave |
| Foundation Type | Poured Concrete |
| Building Type | Triplex |
| Building.StoriesTotal | 2 |
Interior Features
| Building Fireplace Present | False |
|---|---|
| Building Heating Type | Forced air |
| Building Heating Fuel | Natural gas |
| Basement Development | Finished |
| Basement Type | N/A (Finished) |
| Flooring Type | Hardwood, Porcelain Tile |
| Living Area Range | 3000 |
| Bedrooms | 5+1 |
Exterior Features
| Sewer | Sanitary sewer |
|---|---|
| Exterior Finish | Steel, Wood |
Room Details
| Room | Dimensions | Level | Flooring | Details |
|---|---|---|---|---|
| Bedroom | 5.69 m x 3.41 m | Second level | 3.41 m | |
| Bedroom 2 | 3 m x 2.46 m | Basement | 2.46 m | |
| Kitchen | 3.38 m x 3.38 m | Main level | 3.38 m | |
| Living room | 4.05 m x 3.44 m | Main level | 3.44 m |
Amenities
- Views
- New Construction
- Adult 55+
- Lease To Own
- No Strata Fees
- Furnished
- Primary On Main
- Air Conditioning
- Seller Finance
- Green
- Fixer Upper
- Horse
- Golf
- Fireplace
- Deck
- Garage
- Basement
- Pool
Property vs Multi-Family Average in M6G 3H1
Price
In The Neighbourhood
Toronto (Palmerston-Little Italy)
$ 1,650,000
- Type
- Multi-Family
- Rooms
- 6 Beds + 4 Baths
ROYAL LEPAGE WEST REALTY GROUP LTD.
Toronto Real Estate Board (TRREB); All information deemed reliable but not guaranteed. All properties are subject to prior sale, change or withdrawal. Neither listing broker(s) or information provider(s) shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless. Listing(s) information is provided for consumer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested
All information deemed reliable but not guaranteed. All properties are subject to prior sale, change or withdrawal. Neither listing broker(s) or information provider(s) shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless. Listing(s) information is provided for consumer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. The data relating