225 Grace Street
Palmerston-Little Italy, Toronto, M6G 3A7
FOR SALE
$1,949,900

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Property Description
*LEGAL DUPLEX WITH SEPARATE ENTRANCE TO UNDERPINNED BASEMENT UNIT. * EXCELLENT INVESTMENT! GROSS CAP RATE APPROX 5%. DOUBLE DET. GARAGE SERVICED BY LANE WAY,***MAY HAVE OPPORTUNITY FOR LANE WAY HOUSING***. BASEMENT APARTMENT: NEWLY UNDERPINNED AND RENOVATED APPROX 6 YRS OLD. *MAIN FLOOR UNIT: NEW FLOORING (2026) AND WASHROOM (2026). UPPER LEVEL UNIT: (2nd & 3rd FLR) WITH 2 WALK-OUTS (RENO APPROX 6 YEARS AGO). 5 ROOMS. CAN BE USED AS A 2 OR 3 BEDROOM UNIT . BUYER TO ASSUME TENANTS.
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Sold History
| List Date | Sold Date | Days Listed | List Price | Sold Price |
|---|---|---|---|---|
| 2019-07-09 | 2019-07-15 | 6 | $1,199,900 | $1,415,000 |
Nearby Intersections
Property Features
Accessory Apartment, Lane
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Property Details
Address
225 Grace Street
Community
City
Postal Code
M6G 3A7
Property Type
Semi-Detached , Semi-Detached
Lot Size
19' x 131'
Taxes
$8,076 (2026
Basement
Apartment, Separate Entrance
Heat Type
Forced Air
Heat Source
Gas
Water
Municipal
Garage Type
Detached
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Listing contracted with Homelife/5 Star Realty Ltd.
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Welcome to Harbord Village, a coveted urban enclave, located between the University of Toronto, Kensington Market, Little Italy & Bloor-Annex, where every errand is a stroll & every weekend is an adventure. But here's the thing about this address: it doesn't just sit in one of the city's best neighbourhoods, peacefully nestled on a leafy & quiet street between Bloor & College; it works for you while you're living in it. Whether you're a savvy investor, a growing family craving flexible space, or a buyer looking to offset your mortgage with rental income, this exceptional multi-unit home delivers w/ over 2500 SF of finished living space. The airy & pristine 2-level owner's suite, 2 to 3 bdrms of generous, livable & highly functional space, sits comfortably above separate, renovated, & spotless income-generating 1-bedroom suites on the main floor & the high-ceiling lower level. House a parent. Support a student. Collect rent. The math is beautiful, as is the flexibility. Offering a completely vacant home on closing. Outside, a welcoming front porch, elegant brass hardware & a beautifully landscaped perennial garden lead to a serene backyard anchored by two magnificent privacy trees, Norway Spruce & White Cedar, & two-car parking accessed off the public lane. That laneway access? It's not just convenient, it opens the door to laneway suite possibilities, adding potential long-term upside to an already compelling investment proposition story. Shingles & eaves ('24). Main unit flooring ('26). Most appliances & all toilets new within the last 2-3 years. Upgraded city water service. Transit everywhere. Harbord, College & Bloor Streets are practically at your doorstep. Steps to U of T, redeveloped Harbord Street & Central Tech's year-round fields, running track & pickleball courts. Enjoy the local artisan coffee shops, acclaimed restaurants, independent boutiques & the buzz of one of Canada's greatest universities, all within minutes. This home a smart, long-term strategy
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