384A Montrose Avenue, Toronto C01

$1,449,000
384A Montrose Avenue

$1,449,000

New
2d
Semi-Detached 2-Storey

384A Montrose Avenue, Toronto C01

Total Monthly Obligation $6,786

Beds
3
Baths
2
Park
1
Sqft
1100-1500
DOM
2d
Score
16
Yield
3.9%
Cash on Cash
-6.4%
Cap Rate
3.2%
5Y IRR
10.5%
10Y IRR
10.6%
Property Type-Semi-Detached
MLS® Number-C14103892
Beds-3
Bathrooms-2
Size-1100-1500 sqft
Lot Size-15 × 119 ft
Listed on site-Oct 21, 2026
Style-2-Storey
Building Type-Semi-Detached
Taxes-$6,790.7 (2026)
Parking-1 - Detached
Basement-Finished, Finished with Walk-Out, Separate Entrance
Heating-Forced Air (Gas)
Brokerage-RE/MAX HALLMARK REALTY LTD.
Cooling-Central Air
Laundry-No
Fireplace-No
Pool-None
Facing-West
Exterior-Brick
Roof-Asphalt Shingle
Foundation-Concrete Block
Sewer-Sewer
Possession-90 Days TBA
Neighbourhood-Palmerston-Little Italy
Title-Residential Freehold

No agent assigned

Nestled on a quiet, tree-lined street in Palmerston/Little Italy, this exceptional 3-bedroom, 2-bathroom family home beautifully balances residential tranquility with urban sophistication. Stepping inside, the cozy living room overlooks the welcoming front porch and flows effortlessly on the hickory hardwood floors into the heart of the home: a spacious, open-concept dining area and updated kitchen equipped with stainless steel appliances & quartz countertops. At the rear, a sunlit office and mudroom utilizes expansive sliding glass doors providing an abundance of natural light, creating a seamless transition to the outdoors. Upstairs, follow the brand-new hickory hardwood floors through three well-appointed bedrooms designed with comfort in mind, plus an updated four-piece bathroom. In the primary bedroom, you'll find the wall-to-wall wardrobes offering tons of storage. The lower level extends the home's capability, featuring a bright basement with a separate entrance, a second kitchen, and a great living space (ideal for an in-law suite or extra income), a shared laundry area, abundant storage, and an immaculate cold storage room/cantina. The backyard serves as a private downtown oasis, featuring a landscaped, mature garden for quiet evenings or entertaining. Behind the garden sits a custom-built (2023) oversized one-car garage complete with a roller door and very high ceilings--perfect for a golf simulator! It also features a large skylight, ample storage and a climate-controlled heat pump system providing 4-season use. Equipped with a high-efficiency furnace and central air conditioning, this home is entirely turnkey. Situated steps from Christie subway station, the vibrant culture of Little Italy, Christie Pits & Bickford Park, shops & restaurants on College Street and local cafes, 384A Montrose Avenue offers a seamless downtown lifestyle with the bonus of income potential. Please see the listing attachments for 2-storey coach house plans.

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(utilities, internet...)
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Closing Costs

Mortgage Amount
$1,159,200
Land Transfer Taxes$25,455
Legal Fees (Est.)
$
Total cash required for closing$316,755

Total Monthly Obligation

$6,786/mo
Mortgage $5,845
Monthly Loss $5,248
Principal$1,538
Interest$4,307
Property Tax$566
Home Insurance$125
Variable Costs$250
Returns
Weight: 25%
Cap Rate
2.7%16
Cash-on-Cash
-9.9%1
5-Year IRR
7.8%22
10-Year IRR
8.8%
Returns Index
12.3/ 100
Growth Sentiment
Weight: 20%
%/yr
Score+50
%/yr
Score+50
%
%
Growth Index
50.0/ 100
GradeD
16/ 100
Avoid•Pass

Strategy: Buy & Hold — Weights: CFI 35% · RI 25%
RKI 20% · GI 20%

Assumptions & Inputs
$/mo
%
$
yr
%
Cash Flow
Weight: 35%
Gross Rent
$56,304/yr
NOI
$39,383/yr
Net Cash Flow
-$2,563/mo
Cash Margin
-54.6%0
Cash Flow Index
0.0/ 100
Risk Profile
Weight: 20%
DSCR
0.566
LTV Ratio
80.0%18
Vacancy Buffer
1.4 mo22
Risk Index
15.4/ 100

*This analysis is independently generated NOT provided by TREB or CREA.

Comparables

Properties near 384A Montrose Avenue

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