MLS® listing
452 Montrose Avenue: triplex for sale
$3,049,000
From the listing brokerage
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.
Facts on the listing
| Square feet | 3000-3500 |
|---|---|
| Style | 2-Storey |
| Basement | Finished with Walk-Out |
| Lot width | 17.92 |
| Lot depth | 120 |
| Lot measured in | Feet |
| Faces | West |
| Parking spaces | 0 |
| Garage | None |
| Heating | Forced Air |
| Cooling | Central Air |
| Kitchens | 3 |
| Property tax | $10,688 |
| Tax year | 2025 |
| Parking | None |
| Interior features | Other |
Listing courtesy of EXP REALTY. MLS® C13562684.
About this triplex
452 Montrose Avenue is a 6 bedroom triplex in TRREB's Palmerston-Little Italy community in Toronto, listed for sale at $3,049,000. The listing shows 5 bathrooms and 3000-3500 square feet. The style is given as 2-storey. The lot is listed as 17.92 by 120 feet. The listing gives the basement as finished with walk-out. The listing shows no parking space. The nearest main intersection given is Bloor St W & Montrose Ave.
These details come from the listing brokerage through TRREB's MLS® System. Room sizes, the lot, the taxes and what is included in the sale should all be confirmed before an offer is firm.
What it costs to buy 452 Montrose Avenue
At the asking price of $3,049,000, a buyer pays two land transfer taxes on closing: the Ontario tax and the City of Toronto's municipal tax. Both apply to every home inside the City.
| Asking price | $3,049,000 |
|---|---|
| Ontario land transfer tax | $62,700 |
| Toronto municipal land transfer tax | $63,631 |
| Both taxes | $126,331 |
| First-time buyer relief, if you qualify | up to $8,475 |
| Minimum down payment | $609,800 |
The down payment figure is the federal minimum: 20 percent, because a home at $1.5 million or more cannot carry mortgage default insurance. A lender can ask for more. These figures use the asking price, so they change if you pay more or less. The rates above $2,000,000 used here are the ones for a home with one or two single family residences. A property with more units is taxed differently. Legal fees, title insurance and adjustments are extra: ask your lawyer for a written quote. This is general information, not legal or tax advice. Confirm the figures with a lawyer or accountant. You can change the price in our land transfer tax calculator and our mortgage calculator.
What it costs to own each month
| Property tax (2025) | $10,688 a year, about $891 a month |
|---|
That is before a mortgage payment, home insurance and utilities. The listing shows no monthly maintenance fee, so upkeep of the building and the lot is the owner's own cost.
What to check before you make an offer
- Book a home inspection. An inspector looks at the roof, foundation, wiring, plumbing and heating. The listing gives the heating as forced air.
- Have a lawyer search the title. A title search shows mortgages, liens and easements registered against the property. Ask whether a survey exists and whether it matches the lot on the listing, 17.92 by 120 feet.
- Ask about permits. Ask which renovations had building permits and whether those permits were closed. The listing shows 3 kitchens. If there is a second unit, ask whether it meets the municipality's rules for one.
- Confirm what is included. Appliances, light fixtures and window coverings are included only if the agreement says so. Ask whether the water heater or furnace is rented.
- Get your financing in writing. A lender looks at the property tax and heating costs as well as the price.
- See it in person. The listing has a virtual tour, but photos do not show noise, light at different hours or the state of the street and the homes beside it.
Our first-time home buyer guide and our page for buyers walk through each step. This is general information, not legal advice. Confirm the details with a lawyer.
Toronto neighbourhoods and prices
Our neighbourhood guides set out TRREB prices by home type, transit and the housing in each area we cover.
Toronto neighbourhood guides · Toronto house prices · All Toronto homes for sale
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Questions about 452 Montrose Avenue
How much is land transfer tax on 452 Montrose Avenue?
At the asking price of $3,049,000 the Ontario tax is $62,700 and the Toronto tax is $63,631, $126,331 in total. A first-time buyer who qualifies can get up to $8,475 back. Confirm the final figures with your lawyer.
What is the minimum down payment for 452 Montrose Avenue?
$609,800 at the asking price of $3,049,000, under the federal minimum down payment rules. A lender may require more.
How much is the property tax on 452 Montrose Avenue?
The listing shows $10,688 a year for 2025, about $891 a month.
How do I book a showing for 452 Montrose Avenue?
Use the form on this page or call us. Quote MLS® C13562684. We will confirm the listing is still available and arrange a time with the listing brokerage.
Is 452 Montrose Avenue still for sale?
This page is refreshed from TRREB's MLS® System through the day. If the listing sells or is withdrawn the page says so. Contact us to confirm before you make plans.
The listing data is provided under copyright by the Toronto Regional Real Estate Board (TRREB). The information provided herein must only be used by consumers that have a bona fide interest in the purchase, sale or lease of real estate and may not be used for any commercial purpose or any other purpose. The data is deemed reliable but is not guaranteed accurate by TRREB or PropTx. Each listing shows the brokerage that listed it. Listings are updated every few minutes.
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