452 Montrose Ave
Palmerston-Little Italy, Toronto, Ontario M6G 3H1
- Bedrooms
- 5+1
- Bathrooms
- 5
- Size
- 3,000–3,500sq ft
- Per sq ft
- $938at the range’s middle
- Lot
- 17.92 x 120 ft
- Tax a year
- $10,6882025 tax year
- Parking
- 0none
- Days on market
- Members
The brief
About 452 Montrose Ave
452 Montrose Ave is a 5+1-bedroom, 5-bathroom triplex in Palmerston-Little Italy, Toronto, listed for sale at an asking price of $3,049,000 (MLS® C13562684).
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.
Insights
Condition Score
Good78/1002 documented update signals
Source: Listing age, structured features and disclosed update language; not an inspection.
Cashflow Quality
Shortfall5/100−$8,802/mo against the cost of owning (20% down, 4.8%, 25 yrs)
Source: Median of 60 homes with 6 bedrooms for lease in Toronto right now. Cost of owning counts the mortgage and property tax.
Condition uses listing-record signals, not an inspection.
The home
Key facts
- Tax
- $10,688 / 2025
- MLS® number
- C13562684
- Board
- TRREB MLS®
- Property Type
- Triplex
- Days on market
- Size
- 3000-3500 sqft
- Lot Size
- 17.92 x 120 ft
- Listed on
- Parking
- None, 0 Parking
Property details
Property
- Property Type
- Triplex
- Style
- 2-Storey
- Community
- Palmerston-Little Italy
- Municipality
- Toronto
Building
- Size
- 3000-3500 sqft
- Construction
- Metal/Side
Inside
- Bedrooms
- 5+1
- Bathrooms
- 5
- Bathroom Details
- 1 × 2pc Main, 3 × 3pc 2nd, 1 × 2pc Main
- Basement Type
- Finished with Walk-Out
- Kitchens
- 3
Parking
- Driveway
- None
- Garage Type
- None
- Additional Parking
- 0
- Total Parking
- 0
Utilities
- Water
- Municipal
- Cooling
- Central Air
- Heating Type
- Forced Air
Land
- Sewer
- Sewers
- Frontage
- 17.92 ft
- Depth
- 120 ft
- Lot Size
- 17.92 x 120 ft
Additional
- Foundation
- Poured Concrete
- Roof
- Asphalt Shingle
- Fireplace
- No
- Pool
- None
- Den
- No
- Family room
- No
- Extras
- All Existing Appliances.
Rooms
| Room | Size | Features | Level |
|---|---|---|---|
| Living | 4.0 × 4.3 m | hardwood floor, Combined W/Family, Open Concept | Main |
| Kitchen | 4.0 × 4.35 m | hardwood floor, Eat-In Kitchen, Breakfast Bar | Main |
| Br | 4.0 × 4.38 m | hardwood floor, Skylight, Balcony | 2nd |
| 2nd Br | 3.0 × 4.0 m | hardwood floor, Large Closet, Natural Finish | 2nd |
| Living | 3.44 × 4.05 m | hardwood floor, Combined W/Family, Large Window | Main |
| Kitchen | 2.52 × 3.35 m | Quartz Counter, Combined W/Dining, Porcelain Floor | Main |
| Br | 3.41 × 5.69 m | hardwood floor, 3 Pc Ensuite, Skylight | 2nd |
| 2nd Br | 2.46 × 3.0 m | Porcelain Floor, 3 Pc Bath, W/O To Patio | Bsmt |
| Room 9 | 3.38 × 3.77 m | hardwood floor, 2 Pc Bath, W/O To Patio | Main |
| Kitchen | 3.38 × 3.38 m | Quartz Counter, Combined W/Dining, Porcelain Floor | Main |
| Br | 2.62 × 4.63 m | hardwood floor, 3 Pc Bath, Large Closet | 2nd |
| 2nd Br | 2.44 × 3.56 m | hardwood floor, Skylight, Natural Finish | 2nd |
Listing history
Buy/sell history for 452 Montrose Ave, Toronto, Ontario
Sale history on this site covers the last 2 years, the window permitted under the TRREB MLS® VOW agreement.
| Date Start | Date End | List Price | Price | Event | Listing ID |
|---|---|---|---|---|---|
| Date StartN/A | N/A | $3,049,000 | N/A | Pc | C13562684 |
Members see the full history. Prices are hidden from signed-out visitors.
The numbers
Mortgage Calculator
Plan with the current asking price
CMHC insurance: not required at 20% down. Payments use Canadian semi-annual compounding.
Mortgage Details
4.8% · 5-year term · 25-year amortization · 20% down
- Total down payment
- $609,800
- Total mortgage amount
- $2,439,200
- Total interest payment
- $1,734,100
- Total purchase cost
- $4,783,100
- Mortgage payment
- $13,911/mo
Cash Flow Analysis
If you rented this home out at 20% down
Break-even down payment
71%Monthly carrying cost
$14,802- Rent $6,000
- Shortfall $8,802
Rental income opens at $6,000, the median asking rent of 60 comparable homes for lease in Toronto. Type over it with the rent you expect. This is a planning tool, not advice.
Land transfer tax on this home
- Ontario land transfer tax
- $62,700
- Toronto municipal land transfer tax
- $63,190
- Total land transfer tax
- $125,890
- First-time buyer rebates (Ontario up to $4,000 + Toronto up to $4,475)
- −$8,475
- Total for first-time buyers
- $117,415
See how this is worked out
- 0.5% on the first $55,000
- $275
- 1.0% from $55,000 to $250,000
- $1,950
- 1.5% from $250,000 to $400,000
- $2,250
- 2.0% from $400,000 to $2,000,000
- $32,000
- 2.5% from $2,000,000 to $3,049,000
- $26,225
- Ontario total
- $62,700
Toronto’s municipal tax has its own higher brackets at this price, so it adds $63,190.
An estimate at the asking price, for a home with one or two single-family residences. Your lawyer confirms the exact amount.
Estimate
Estimated value requires sign in
Market estimates use sold comparables and are available after you sign in and accept MLS® VOW terms.
The estimate is an automated value built from public and MLS® data. It is not an appraisal; ask Kassaundra Dobson, Broker of Record for a full comparative market analysis.
Comparable sales
Comparable sales require sign in
Closing prices and sold comps are available to registered visitors who accept MLS® VOW terms on this site.
The land
Lot
- Lot area
- 2,150 sq ft200 m²
- Street frontage
- 17.92 ft5.5 m
- Depth
- 120 ft36.6 m
The area is the frontage multiplied by the depth, so boundaries are approximate. Confirm with a survey before you buy.
Source: the MLS® listing record, measured by MPAC.
Land and environment
Public records about this location. Not part of the MLS® listing and not provided by the listing brokerage.
Water and conservation3
- Not in Toronto and Region Conservation Authority’s mapped regulated areaAt the address
- No mapped wetland within 120 m120 m
- No water-supply well recorded within 250 m7 test or monitoring holes also recorded.250 m
Toronto and Region Conservation Authority · Province of Ontario open data
Planning and building activity4
- Outside the Greenbelt, Oak Ridges Moraine and Niagara Escarpment plan areasAt the address
- 46 building permits issued within 250 m in the last 2 years250 m
- Nearest airport: 3.8 km3.8 km
- Mapped parcel: about 2,510 sq ftMeasured from the municipal parcel map, which can differ from the survey and from the lot size in the listing.At the address
Province of Ontario open data · Municipal building permits · toronto.parcels
Around the home1
- A trail on the Ontario trail network within 1 km1 km
Province of Ontario open data
Environmental records4
- No licensed pit or quarry within 2 km2 km
- No recorded oil, gas or salt well within 250 m250 m
- No facility within 1 km reports pollutant releases to Environment CanadaThe nearest is Mondelez Canada Inc — Gladstone, 1.4 km away. Only facilities above the inventory’s reporting thresholds are listed.1 km
- No federal contaminated site within 1 kmThe federal inventory covers federal land only; it says nothing about provincial or private sites.1 km
Province of Ontario open data · Government of Canada open data
Power and internet3
- Electricity is distributed here by Toronto Hydro-Electric System LimitedAt the address
- Wired internet 50/10 Mbps or faster is listed at a household 90 m awayFixed wireless 50/10 Mbps or faster. LTE mobile coverage listed. ISED’s National Broadband Data at the nearest household point (90 m from the listing); 50/10 Mbps is its top category and includes faster plans. Confirm with a provider for this address.90 m
- Across the surrounding area: fibre to the home, cable, DSL internet listedFibre to the home: Beanfield Metroconnect, Bell, CIK Telecom, Dotto One, FibreStream, Rally, Rogers. Cable: Rogers. DSL: Bell. Fixed wireless: Rogers, SkyChoice Communications. Mobile: Bell, Freedom Mobile, Rogers, Telus. Satellite: Xplore. ISED’s list for the surrounding ~25 km² area; check with a provider for this address.Area-wide
Ontario Energy Board · Innovation, Science and Economic Development Canada
Each record is placed at the distance its own line states. None of it is an inspection of the property. Confirm anything that matters to you with the municipality, Toronto and Region Conservation Authorityor the record’s publisher.
Contains information licensed under the Open Government Licence – Canada. Contains information licensed under the Open Government Licence – Ontario. Contains information licensed under the Open Government Licence – Toronto. Contains information made available under the Toronto and Region Conservation Authority Open Data Licence v1.0.
Heritage and ravine protection
- Not found on the Heritage Register
- Not in a mapped Heritage Conservation District
- Not in the mapped ravine protection area
What this means: None of these City records was found at this address. That does not rule out other approvals, such as a conservation authority permit, so check before you plan work.
City of Toronto Heritage Register, Heritage Conservation Districts and the Ravine and Natural Feature Protection by-law, read at this address from the City’s maps. Contains information licensed under the Open Government Licence – Toronto.
Zoning
Zone
R (d0.6) (x735)By-law
569-2013Municipality
Toronto1 d0.6
Density: floor area is capped at 0.6 times the lot area.
2 x735
Site-specific exception 735: this site has rules of its own, written in the by-law.
3 Where this is written
Chapter 10, section 10.10 of By-law 569-2013 · Exception 900.2.10(735)
4 What that means in practice
These are the zone’s rules, not permission for this lot. What can be built also depends on the exceptions, overlays and setbacks that apply here. Confirm with the City before you plan.
City of Toronto Zoning By-law 569-2013, read at this address from the City’s zoning map. Open the City’s zoning map. Contains information licensed under the Open Government Licence – Toronto.
Permit history
3 building permits cleared at this address in the City’s file.
Multiple ProjectsClosed
Revision #01 - Structural changes to the front porch entrence.Rear two storey addition, to create a second unit, including basement walkout, interior alterations. convert front porch roof into balcony. Convert existing garage into two storey laneway suite
Issued March 20, 2020
Building Permit Related(PS)Cancelled
Revision - update the plumbing for the drain of the laneway suite to be feasble based on the current site conditions.
Completed November 15, 2019
Building Permit Related(MS)Closed
HVAC - Rear two storey addition, to create a second unit, including basement walkout, interior alterations. convert front porch roof into balcony. Convert existing garage into two storey laneway suite
Issued May 31, 2019
City of Toronto Open Data — cleared building permits, which begin in 2017. Contains information licensed under the Open Government Licence – Toronto.
Signals around this home
No open development applications within 800 m of this home.
The market
Market area · filters apply to the charts below
The street
Map and tour
Transit nearby
| Station | Lines | Distance |
|---|---|---|
| Christie Station | TTC subway: Line 2 Bloor-Danforth | 300 m |
| Ossington Station | TTC subway: Line 2 Bloor-Danforth | 450 m |
| Bathurst Station | TTC subway: Line 2 Bloor-Danforth | 950 m |
| Bloor GO | GO Transit train: KitchenerUP Express train | 2.4 km |
| Cedarvale Station | TTC subway: Line 1 Yonge-UniversityTTC light rail: Line 5 Eglinton | 4.3 km |
The nearest subway, light rail, train, bus rapid transit stations 5 km, as the crow flies. Source: TTC schedule data (GTFS) from the Toronto Transit Commission under the Open Government Licence – Toronto; GO Transit and UP Express schedule data (GTFS) from Metrolinx under the Open Government Licence – Ontario – Metrolinx, downloaded October 18, 2026. Contains information licensed under the Open Government Licence – Toronto. Data used in this product or service is provided with the permission of Metrolinx. Metrolinx makes no representations or warranties of any kind, express or implied, with respect to the Data and assumes no responsibility for the accuracy or currency of the data used in this product or service. Contains information licensed under the Open Government Licence – Ontario – Metrolinx.
Schools nearby
| Elementary | Type | Distance | EQAO average 2024–25 |
|---|---|---|---|
| Montrose Junior Public SchoolToronto DSB | Public · grades JK–6 | 350 m | 90%Grade 6 average |
| Clinton Street Junior Public SchoolToronto DSB | Public · grades JK–6 | 700 m | 92%Grade 6 average |
| ÉÉC du Sacré-Coeur-TorontoConseil scolaire catholique MonAvenir | French-language Catholic · grades JK–6 | 700 m | 60%Grade 6 average |
| St Francis of Assisi Catholic SchoolToronto CDSB | Catholic · grades JK–8 | 800 m | 80%Grade 6 average |
| Secondary | Type | Distance | Grade 9 math 2024–25 |
|---|---|---|---|
| Central Toronto AcademyToronto DSB | Public · grades 9–12 | 450 m | 47%Grade 9 math |
| Harbord Collegiate InstituteToronto DSB | Public · grades 9–12 · French Immersion | 500 m | 77%Grade 9 math |
| Loretto College SchoolToronto CDSB | Catholic · grades 9–12 | 850 m | 40%Grade 9 math |
| École secondaire Toronto OuestConseil scolaire Viamonde | French-language public · grades 9–12 | 1.9 km | 82%Grade 9 math |
EQAO: share of students at or above the provincial standard, 2024–25 (Ontario open data). These are the schools nearest this home, not the schools it is assigned to: boundaries change, and some schools take students by application. Confirm with the board before you buy. Contains information licensed under the Open Government Licence – Ontario.
The verdict
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