261 GRACE STREET, Toronto, ON M6G3A7
261 GRACE STREET, Toronto, ON M6G3A7
261 GRACE STREET, Toronto, ON M6G3A7
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$1,499,999
Est. payment /mo
5 Beds
3 Baths
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Key Details

Property Type Multi-Family

Listing Status Active

Purchase Type For Sale

Approx. Sqft 1500 - 2000

Subdivision Palmerston-Little Italy

MLS® Listing ID C14096636

Bedrooms 5

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. (id:24570)

Location

Province ON

Rooms

Kitchen 0.0

Interior

Heating Forced air

Cooling Central air conditioning, Window air conditioner

Exterior

Parking Features Yes

View Y/N No

Attached Garage No

Total Parking Spaces 2

Garage Yes

Private Pool No

Building

Story 2.5

Sewer Sanitary sewer


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Muhamed Awada

Muhamed Awada

+1(613) 720-4237

Real Estate Agent License ID: 4726552

Real Estate Agent License ID: 4726552

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