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    For Sale - 261 Grace Street, Toronto, Ontario

    Est payment $7,203/mo
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    Time on Jump  2 day

    AI Summary *

    • Unique end-unit townhouse with three self-contained apartments for investment.
    • Private entrances, kitchens, and bathrooms in each apartment for tenant convenience.
    • Main-floor unit features a walkout to a deck, perfect for barbecues.
    • Upper-level apartment offers two balconies with spectacular views.
    • Central location near restaurants, cafés, and public transit in a vibrant neighborhood.




    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.
    Listing IDC14096636
    Address261 Grace Street
    CityToronto, Ontario
    Price$1,499,999
    Bed / Bath5 / 3 Full
    Style2 1/2 Storey, Triplex
    ConstructionBrick
    TypeMulti-Family
    StatusFor Sale

    Subtype TriplexIndoor Features Water HeaterOwnership FreeholdBasement ApartmentFoundation Brick, Block, ConcreteHeating / Cooling Forced AirHeating Fuel GasSewer Sewer

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    * Data is provided courtesy of PROPTX. The information provided herein must only be used by consumers that have a bona fide interest in the purchase, sale, or lease of real estate and may not be used for any commercial purpose or any other purpose. The information is deemed reliable but is not guaranteed accurate by PROPTX.

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    261 Grace Street
    Toronto , Ontario
    5 3 $1,499,999
    Get more info