For Sale: 261 Grace Street, Toronto, ON - REW
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$1,499,999
4 + 1 bd • 3 ba • 1500 - 2000 sf • Triplex
261 Grace Street
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$1,499,999
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261 Grace StreetToronto, ON, M6G 3A7

Palmerston-Little Italy
  • 4 + 1 Bed
  • 3 Bath
  • 1500 - 2000 Sqft
  • Triplex

About this home

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.
Listed by: Ben Kayfetz, Salesperson, RIGHT AT HOME REALTY

Home facts and features

Price details
List Price
$1,499,999
Get Pre-Approved
Gross Taxes for 2025
$7,021
Home facts
Bedrooms
4 + 1
Full Bathrooms
3
Parking Spaces
2
Property Type
Triplex
Lot Size
17 ft x 105 ft (1845 ft²)
Depth
105.0
Frontage
17.58
Exterior Finish
Brick
Heating Type
Forced Air, Gas
Cooling
Central Air, Window Unit(s)
Basement Details
Apartment
Community
Agent details
Primary Agent
Ben Kayfetz
Primary Broker
RIGHT AT HOME REALTY
Listing details
Days on REW
1 Day
MLS® Number
C14096636
Source
Toronto Real Estate Board
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Property Insights

Montrose School
  • Public
  • JK - 6
Clinton Street Junior Public School
  • Public
  • JK - 6
St Francis of Assisi Catholic School
  • Catholic
  • JK - 8
Harbord Collegiate Institute
  • Public
  • 9 - 12
Central Toronto Academy
  • Public
  • 9 - 12
Dewson Street Junior Public School
  • Public
  • JK - 6
King Edward Junior & Senior Public School
  • Public
  • JK - 8
É Élém Pierre-Elliott-Trudeau
  • Public
  • JK - 6
Ossington/Old Orchard Junior Public School
  • Public
  • JK - 6
Pope Francis Catholic School
  • Catholic
  • JK - 8
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Call Agent
Salesperson
Ben Kayfetz
Phone:
416-831-6339
Office:
416-391-3232
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