261 GRACE STREET, Toronto, Ontario
$1,499,999
- 5 Beds
- 3 Baths
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:23309)
- Listing ID: C14096636
- Property Type: Multi-family
Schedule a Tour
Schedule Private Tour
Sharli Esson Gordon would happily provide a private viewing if you would like to schedule a tour.
Match your Lifestyle with your Home
Contact Sharli Esson Gordon, who specializes in Toronto real estate, on how to match your lifestyle with your ideal home.
Get Started Now
Lifestyle Matchmaker
Let Sharli Esson Gordon find a property to match your lifestyle.
Listing provided by RIGHT AT HOME REALTY
MLS®, REALTOR®, and the associated logos are trademarks of the Canadian Real Estate Association.
This REALTOR.ca listing content is owned and licensed by REALTOR® members of the Canadian Real Estate Association. This property for sale is located at 261 GRACE STREET in Toronto Ontario. It was last modified on October 20th, 2026. Contact Sharli Esson Gordon to schedule a viewing or to discover other Toronto homes for sale.