36
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$1,499,999
Est. payment /mo
4 Beds
3 Baths
New
261 Grace ST Toronto C01, ON M6G 3A7
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Key Details
Property Type Multi-Family
Sub Type Triplex
Listing Status Active
Purchase Type For Sale
Approx. Sqft 1500-2000
Municipality Toronto C01
Subdivision Palmerston-Little Italy
MLS Listing ID C14096636
Style 2 1/2 Storey
Bedrooms 4
Annual Tax Amount $7,021
Tax Year 2025
Property Sub-Type Triplex
Lot Depth 105.0
Lot Front 17.58
Property Description
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.
Location
Province ON
County Toronto
Community Toronto C01
Area Toronto
Rooms
Family Room No
Basement Apartment
Kitchen 3
Separate Den/Office 1
Interior
Interior Features Water Heater
Cooling Central Air, Window Unit(s)
Fireplace No
Heat Source Gas
Exterior
Garage Spaces 2.0
Pool None
Roof Type Asphalt Shingle
Lot Frontage 17.58
Lot Depth 105.0
Total Parking Spaces 2
Building
Foundation Brick, Block, Concrete
Others
ParcelsYN No
Listed by RIGHT AT HOME REALTY
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