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452 MONTROSE AVENUE, Toronto (Palmerston-Little Italy) — listed at $3,049,000. Earn buyer cashback at closing. No catches, just more money in your pocket.
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:60164)
| Room | Level | Dimensions |
|---|---|---|
| Living room | Main level | 4.3 x 4 meters |
| Bedroom | Second level | 4.63 x 2.62 meters |
| Kitchen | Main level | 4.35 x 4 meters |
| Bedroom 2 | Second level | 3.56 x 2.44 meters |
| Bedroom | Second level | 4.38 x 4 meters |
| Bedroom 2 | Second level | 4 x 3 meters |
| Living room | Main level | 4.05 x 3.44 meters |
| Kitchen | Main level | 3.35 x 2.52 meters |
| Bedroom | Second level | 5.69 x 3.41 meters |
| Bedroom 2 | Basement | 3 x 2.46 meters |
| Kitchen | Main level | 3.38 x 3.38 meters |
Is 452 MONTROSE AVENUE a good fit for a growing family?+
With 6 bedrooms and 5 bathrooms, there's room for kids plus a guest room or home office. The 2-storey layout keeps living and sleeping areas separated.
What's the parking situation?+
This property includes 0 spaces — No Garage.
What are the ongoing costs beyond the mortgage?+
Budget for annual property taxes of $10,688, heating is forced air, natural gas. Always verify the latest figures with your agent before making an offer — these change yearly.
Does it have a basement, and is it finished?+
Yes — Finished, Walk out, N/A. A finished basement adds meaningful living space beyond the listed square footage.
What makes this a luxury property?+
At $3,049,000, standout features include 5 bathrooms. In this price range, expect higher-end finishes — verify during a showing.
Is there air conditioning?+
Yes — central air conditioning cooling is in place.
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