$1,675,000 - 227 Montrose Avenue, Downtown Toronto
Semi-Detached for Sale in Downtown Toronto
New — Listed yesterdayNeighbourhood: Palmerston-Little Italy
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- MLS Number
- C14030820
- Property Type
- Semi-Detached
- Status
- active
- Days on Site
- 1
- Bedrooms
- 4
- Bathrooms
- 2
- Square Feet
- 1,500 - 1,999 sqft
- Neighbourhood
- Downtown Toronto / Waterfront
- Taxes (2026)
- $7,218
- Listing Brokerage
- RE/MAX PROFESSIONALS INC.
Welcome to 227 Montrose Avenue, ideally situated in the Iconic Little Italy, one of central Toronto's most vibrant and walkable neighbourhoods. This versatile home offers an exceptional combination of charactor, space, lifestyle and future potential. The home features a rear extension that expands the living space, a fully underpinned basement, and three kitchens, providing the potential to configure the property into up to three separate living suites. Adding even more versatility is the double-car laneway garage, offering valuable parking in the heart of the city and potential future garden suite opportunities. A newer roof, (approx) 7 years new, provides additional peace of mind. The location is equally impressive. With an approximate Walk Score of 97/100, Transit Score of 89/100 and Bike Score of 100/100, everyday convenience is right outside your door. Enjoy easy access to Christie Pits Park, College Street, Little Italy, Kensington Market, Bloor Street, restaurants, cafes, shopping, schools and TTC transit. The neighbourhood offers the best of cental Toronto living - quiet residential streets combined with an incredible selection of dining, recreation, entertainment and urban amenities. Whether you're looking for a spacious family home, a multi-generational property, an income-producing opportunitiy or a home with future development potential, 227 Montrose offers tremendous flexibility. Live, invest and enjoy everything central Toronto has to offer, all from one exceptional location.
Estimate your monthly payments for this property
Estimated Payment
$7,409.09/mo
5-yr fixed avg.
Rates shown are estimates based on typical Ontario 5-year fixed rates. Canadian mortgages use semi-annual compounding as required by law. CMHC insurance applies to purchases under $1.5M with less than 20% down. Estimated property tax uses an approximate 0.85% rate. Contact us for current rate options and pre-approval.
Discover Palmerston-Little Italy
Palmerston-Little Italy is a vibrant community in the Greater Toronto Area, offering excellent amenities, schools, and transportation options. This area is popular with families and professionals seeking a balanced lifestyle with access to urban conveniences and natural spaces.
Why Live in Palmerston-Little Italy
- •Convenient location in Downtown Toronto / Waterfront
- •Access to local shops and dining
- •Good public transit connections
- •Community parks and green spaces
- •Well-maintained neighbourhoods
Nearby Schools
Transit & Commuting
- •MiWay bus routes throughout the area
- •GO Transit stations within driving distance
- •Easy highway access to 401/403/QEW
- •Walking distance to local amenities
Parks & Amenities
- •Local parks and recreational facilities
- •Community centres
- •Shopping plazas nearby
- •Restaurants and cafes
Lifestyle & Community
Palmerston-Little Italy offers a wonderful quality of life with a mix of residential charm and urban convenience. Residents enjoy easy access to schools, parks, and shopping, making it an ideal location for families and professionals alike.
227 Montrose Avenue, Downtown Toronto / Waterfront
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Rental income estimator & ROI calculator
Monthly Cash Flow Breakdown
Note: These are estimates only. Actual figures may vary based on market conditions, property condition, and other factors. Consult with a financial advisor for personalized advice.
Joe's Thoughts
Honest perspective from 30+ years of GTA real estate experience
Fair Market Value
At $1117/sqft, this property is priced in line with current Downtown Toronto market conditions. The pricing suggests the seller has done their homework. We may have modest room for negotiation, typically 2-4% in today's market.
Just Listed - Act Strategically
This property hit the market within the last week. In Downtown Toronto's current market, desirable homes often receive multiple offers within 5-7 days. If you're seriously interested, I recommend booking a showing immediately. However, never let urgency override due diligence - we'll still do proper inspections.
Detached Home Advantages
Detached homes in Downtown Toronto are increasingly scarce and valuable. You'll have no shared walls, full control over renovations, and typically stronger appreciation. Consider the lot size and potential for future additions or basement apartment income. Detached homes also offer the most flexibility for growing families.
Family-Friendly Layout
4 bedrooms hits the sweet spot for most families. You'll have room for 2-3 children plus a home office or guest room. This is the most sought-after configuration for families relocating to Downtown Toronto. Good resale value as demand remains consistent.
About Palmerston-Little Italy
I know Palmerston-Little Italy well from working with many buyers and sellers here. Each pocket has its own character - let me share what I've learned about this specific street and block. During our showing, I'll point out local amenities, school catchments, and what similar homes have sold for recently.
Investment Perspective
Looking at this as an investment: Downtown Toronto properties have averaged 5-7% annual appreciation over the past decade. Your estimated monthly carrying costs would be around $6,979 (mortgage, taxes, insurance). Consider whether you're comfortable with this as both a home and a financial commitment.