261, Grace, Palmerston-Little Italy, Toronto, Residential Freehold
- 5 beds |
- 3 baths |
- 1500-2000 SQFT
Description
Residential Freehold Triplex For Sale.
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.
Interior Features: Water Heater
Cross Street: College & Grace
Direction Faces: West
Key Facts
- Days on: 0 days
- Mls Status: New
- Bedrooms Total: 5
- Bedrooms Below Grade: 1
- Bedrooms Above Grade: 4
- Bathrooms Total Integer: 3
- Lot Width: 17.58
- Kitchens Total: 3
- Parking Total: 2
- Garage Type: Detached
- Heat Source: Gas
- Heat Type: Forced Air
- Cooling: Central Air, Window Unit(s)
- Living Area Range: 1500-2000 Square Feet
Location 261, Grace, Palmerston-Little Italy, Toronto
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