1 1/2 Montrose Avenue - LITTLE ITALY, TORONTO (6 Comments)

Nov 25

Nov 25 1 1/2 Montrose Avenue - LITTLE ITALY, TORONTO (6 Comments)

This is a 3+1 bedroom, 2 bathroom semi on a 14.99 x 64.50 foot lot at 1 1/2 Montrose Avenue just north of Dundas and Trinity-Bellwoods park in Little Italy in Toronto.

It isn’t a big house but it has been renovated and they did a good job with the kitchen layout. The bedrooms are all quite small and none have a closet which could be an issue. Or if you don’t need 3 bedrooms, maybe you could make one room a closet. The basement is a rental unit (tiny but still income) with a separate entrance.

And as I mentioned, it is located steps to Trinity-Bellwoods park.

It was last listed pre-renovation in 2011 for $499,900 and it sold for $611,711.

Without a reno and an annual compounded interest rate of 8%, this house would now be listed at approximately $1,130,000.

But the actual listing price with the reno is…

$1,079,000.

I wonder what the rent for the basement is.