452 MONTROSE AVENUE, Toronto (Palmerston-Little Italy)

$3,049,000

For sale: Multiplex

Multiplex at 452 MONTROSE AVENUE, Toronto (Palmerston-Little Italy)
Property type
Triplex
Bedrooms / bathrooms
6 bedrooms, 5 bathrooms
Living area
3,500 sqft
MLS®
MLS® C13562684
Neighbourhood
Palmerston-Little Italy

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.

Sold data

Homes in Palmerston Little Italy — recent sold market

Homes in Palmerston Little Italy took a median of 15 days to sell over the last 365 days, with the quickest quarter selling within 8 days and the slowest quarter taking more than 45, across 98 recorded sales.

That clock counts only the listing each home finally sold on. Measured from the first time these properties came to market, including any earlier listings that were withdrawn and re-entered, the median is 24 days.

The median sale price was $1,384,000.

Homes sold for about 2.5% below asking on average, so there was room to negotiate.

About 32% of sales closed above the list price.

Around 12% of sellers reduced their price before finding a buyer.

Median days to sell
15
Median sale price
$1,384,000
Sale-to-list ratio
97.5%
Sold above asking
32%

Based on 98 recorded sales in the last 1 year — a small sample, so treat these figures as indicative. Aggregate statistics only; individual sale prices are not shown.

Schools

Schools in Toronto (Palmerston-Little Italy)

Toronto (Palmerston-Little Italy) has 529 Fraser Institute–rated schools (425 elementary and 104 secondary), averaging 6.2/10.

Rated schools
529
Elementary
425
Secondary
104
Average rating
6.2 / 10

Top-rated schools in Toronto (Palmerston-Little Italy)

  • Cottingham — elementary, TorontoFraser rating 10.0/10
  • High Park Alternative — elementary, TorontoFraser rating 10.0/10
  • Northmount — elementary, TorontoFraser rating 10.0/10
  • Sathya Sai — elementary, TorontoFraser rating 10.0/10
  • St Michael's Choir — secondary, TorontoFraser rating 10.0/10
  • St Sebastian — elementary, TorontoFraser rating 10.0/10

School ratings from the Fraser Institute's Ontario school report cards.

Currently for sale

Homes for sale near 452 MONTROSE AVENUE