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261 Grace Street in Toronto for sale

Asking price
$1,499,999
Estimate (Oct 20)
$1,515,303
MLS #:
C14096636
Type:
Triplex, 2 1/2 Storey
Approx. SQFT:
1500-2000
Basement:
Apartment
4+1 4+1
2 17.58 x 105 ft lot
PROPERTY HISTORY
SIGN IN REQUIRED
List Date List Price Last Status Sold Date Sold Price Days On Market
0000-00-00 $00000 New N/A N/A N/A
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.

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  • Date Listed: Tuesday, October 20, 2026
  • Listing Brokerage: Right At Home Realty - Disclaimer: The information contained in this listing has not been verified by Right At Home Realty and should be verified by the buyer.
  • City: Toronto

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  • Neighbourhood: Palmerston-Little Italy
  • Major Intersection: College & Grace
  • Full Address: 261 Grace Street, Toronto, M6G 3A7, Canada, ON, Canada
  • Amenities:
  • Taxes: $7,021.00 (2025)

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