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New4 hours ago

227 Montrose Avenue

Palmerston-Little Italy, Toronto

$1,749,999

Semi-Detached |2 1/2 Storey
4 | 2 | 2
About this home

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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Milad Momtaz Azad
Milad Momtaz Azad
(647) 510-8858
Julian Kashani
Julian Kashani
(416) 837-7775
TypeSemi-Detached
Style2 1/2 Storey
Approx. AgeNot available
Size1500-2000 sq. ft.
Property Tax$7,218
Lot Size16.5 ft x 110 ft
mls© NumberC13796430
Listed ByRE/MAX PROFESSIONALS INC.

Listing History

  • No recent sale history for this listing.
  • No recent lease history for this listing.

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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.

Down payment21% · $367,500
25-yr amortization

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 check

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