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Triplex for sale: 261 GRACE STREET, Toronto
261 Grace Street
$1,499,999
Toronto , Ontario M6G3A7
5 bed
3 bath
About the Property

Cross Streets: College & Grace. ** Directions: Drive to address. This unique end-unit townhouse offers an exceptional investment opportunity, featuring three self-contained apartments, each with its own private entrance, kitchen and three-piece bathroom. The basement apartment features one bedroom and a spacious living and dining area. The main-floor one-bedroom apartment offers a private walkout to the rear deck, complete with space for a barbecue.

The second and third floors form a spacious three-bedroom apartment with two balconies offering spectacular views. There is shared laundry equipment on the lower level, providing added convenience. A 2 car detached garage with direct access to the rear laneway presents exciting potential for a future laneway house, subject to approvals, offering additional income or development possibilities while maintaining the feel of a traditional residential property. Ideally situated just half a block north of College Street, in the vibrant College and Grace neighbourhood, the property is surrounded by the best of Little Italy, including popular restaurants, cafés, patios, independent boutiques and lively local shops. Enjoy easy access to public transit, parks, everyday amenities and the dynamic atmosphere of one of Toronto's most sought-after urban communities. With only the basement apartment currently rented and the main-floor and upper-level apartments vacant, this property offers investors an excellent opportunity to secure rental income, lease the vacant units at current market rates and explore its future income and development potential. (id:27476)

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Property Details
MLS® Number
C14096636
Type
Multi-family
Community Name
Palmerston-Little Italy
Land Size
17.6 x 105 FT
Parking Space Total
2
Building
Building Type
Triplex
Storeys
3
Square Footage
1500 - 2000 sqft
Bathrooms Total
3
Bedrooms Above Ground
4
Bedrooms Total
5
Exterior Finish
Brick
Fireplace Present
No
Basement Type
N/A
Basement Features
Apartment in basement
Building Heating Type
Forced air
Heating Fuel
Natural gas
Building Cooling Type
Central air conditioning, Window air conditioner
Utilities
Water
Municipal water
Utility Sewer
Sanitary sewer
Monthly Payment Calculator
$
%
3.49%
5.5%
6%
7%
Years
15 Years
20 Years
25 Years
30 Years
Your Monthly Payment
$3,625
Book a Showing
Darya Strilyana
Darya Strilyana
Real Estate Expert
Phone
+1 .647 .896 .7668
Email
ds@homeads.ca

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$1,499,999 - 261 GRACE STREET, Toronto Ontario M6G 3A7, Canada | Real Estate For Sale | HomeAds.ca

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Updated October 21st 2026 8:12 am

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Darya Strilyana
Darya Strilyana
Real Estate Expert
Phone
+1 .647 .896 .7668
Email
ds@homeads.ca
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