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. (id:60457) Location - Cross Streets: College Street and Montrose Avenue. ** Directions: North of College St, East of Ossington Avenue.