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Palmerston-Little Italy, Toronto
$1,749,999
Welcome to 227 Montrose Avenue, a charming 1910-built 2.5 storey semi-detached home with ~1,650 sf of above grade living space, four bedrooms, two full updated bathrooms, a finished underpinned lower level and a versatile configuration in the heart of Palmerston-Little Italy. Rich in original character, the main level features 9' ceilings, a grand living room with hardwood floors, wood trim and a wood-burning fireplace with stone surround and wall sconces, an adjoining formal dining room & an updated eat-in kitchen with Cellini cabinetry, expanded through a rear addition to include a dedicated breakfast area. Four spacious bedrooms are arranged across the upper levels, where hardwood floors and original wood trim continue. Three kitchens and three separate entry points create excellent multi-use potential for multi-generational living, a nanny suite or a potential income-generating apartment (subject to approvals), or the additional kitchens could easily be converted to bedrooms. The professionally underpinned lower level features ~8 ceilings and adds substantial finished living space, along with a dedicated laundry room, two cantinas/cold rooms and extensive storage beneath the rear addition. Outdoor spaces include a rear patio for dining and entertaining plus a private third-floor rooftop patio accessed from the primary bedroom. A solid-block detached double garage accommodates two cars and offers direct laneway access with potential to explore a future laneway suite. Additional updates include a sump pump, gas furnace, central air and a newer roof. Steps from College Street's restaurants, cafés and shops, with Christie Pits, Bickford Park, U of T, Bloor Street shops, Kensington Market, College streetcar & Christie subway nearby. Well-regarded local schools include Montrose JPS, Harbord CI, Pope Francis Catholic & St. Mary Catholic Academy. A character-filled Toronto home with significant improvements, versatile living options and exciting laneway potential.
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| Type | Semi-Detached |
| Style | 2 1/2 Storey |
| Approx. Age | Not available |
| Size | 1500-2000 sq. ft. |
| Property Tax | $7,218 |
| Lot Size | 16.5 ft x 110 ft |
| mls© Number | C13796430 |
| Listed By | RE/MAX PROFESSIONALS INC. |
Listing History
- No recent sale history for this listing.
- No recent lease history for this listing.
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Could you afford this home?
What the bank counts
This home's actual carrying costs, payment stress-tested at 6%
- Mortgage, tested at 6%
- $8,845
- Property tax
- $602
- Heat allowance
- $150
- Housing costs
- $9,597 / mo
Lenders cap these at 39% of gross income — that sets the number.
Income needed
$295,000
gross annual household income
- Payment at 4%
- $7,272 / mo
- Cash down
- $367,500
Assumes no other monthly debts · 25-yr amortization
Full affordability checkInvestment Analysis
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