261 Grace Street,Toronto (Palmerston-Little Italy, ON M6G3A7
Toronto (Palmerston-Little Italy, ON M6G3A7
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. (id:13843)
Details
| MLS # | C14096636 |
|---|---|
| Listing Type | For Sale |
| Status | Active |
| Days On Site | 12 |
| Listing Provided By | RIGHT AT HOME REALTY | BEN KAYFETZ |
Features
| Bed(s) | 5 |
|---|---|
| Bath(s) | 3 Total |
| SQ Feet | 1,500 |
| Garage | 2 |
| Basement | Y |
| Story(s) | 2 |
Interior
| Cooling | Central air conditioning, Window air conditioner |
|---|---|
| Heating | Forced air, Natural gas |
| Appliances | Water Heater |
| Fireplace Yes / No | No |
Exterior
| Foundation Details | Block, Concrete, Brick |
|---|
Parking
| Parking Features | Detached Garage, Garage |
|---|---|
| Parking Total | 2 |
Utilities
| Sewer | Sanitary sewer |
|---|---|
| Water Source | Municipal water |
Taxes
| Tax Annual Amount | 7021 |
|---|---|
| Tax Year | 2025 |
Area Information
| Province | ON |
|---|---|
| City | Toronto (Palmerston-Little Italy |
| Postal Code | M6G3A7 |
| Listing VS Median (in M6G3A7) | |
Price: $1,499,999 low | high Med: $2,250 sqft: 1,500 low | high Med: 1,500 $ / sqft: $1,000 low | high Med: $2 On site: 12 low | high Med: 39 | |
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Learn More About This Property
| Province | ON |
|---|---|
| City | Toronto (Palmerston-Little Italy |
| Postal Code | M6G3A7 |
| Listing VS Median (in M6G3A7) | |
Price: $1,499,999 low | high Med: $2,250 sqft: 1,500 low | high Med: 1,500 $ / sqft: $1,000 low | high Med: $2 On site: 12 low | high Med: 39 | |
