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.
4 bedrooms, 3 bathrooms, about 1,500 sq ft, works out to roughly $1,000 per square foot. Chat with Zara if you'd like a deeper read on whether this triplex fits your budget and timing.
Inside 261 Grace St
Every detail from the listing, in one place.
Type
Triplex
Style
2 1/2 Storey
Living space
1500-2000 sq ftas stated on the listing
Parking
2 spacesYes garage
Basement
Apartment
Features & systems
Parking & garage
Garage
Yes
Parking spaces
2
Interior
Basement
Apartment
Lot & land
Lot size (sqft)
0
Listing & possession
Property style
2 1/2 Storey
Property class
Triplex
261 Grace St Price & Sale History
Earlier listings of this property, list-price changes, and the most recent annual property tax on the listing.
For saleListedThis listingMLS® C14096636$1,499,999
Sourced from MLS®. Includes earlier listings of this property on record.
What's it worth?
How 261 Grace St Compares to the Toronto Market
Zara compares it with recent sales of similar homes nearby. It's a guide, not an appraisal.
Independent mortgage broker · OAC · rates subject to change and underwritingMortgage Squad →
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Monthly cost
Enter a rate to see the monthly cost
An estimate, not a quote. Utilities and insurance are extra.
Affordability calculator
Estimated monthly payment
$7,369
/mo
based on the purchase price of $1,499,999
$300,000 cash
$1,199,999 financed
$1,010,714 total interest
Principal54%$1,199,999
Interest46%$1,010,714
20% down · 25-yr amortization · 5.50% rate. Principal & interest only — taxes, condo fees, and insurance not included.
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Figures are Summitly estimates for illustration only — not from TRREB or the MLS® feed, and not a mortgage approval, appraisal, or financial advice.
Rental income potential
Est. monthly rent
low–high
Gross yield
rent × 12 ÷ price
Cap rate (est.)
net of tax + fees
Summitly AI estimate for discussion only — not from TRREB or the MLS® feed, and not an appraisal or investment advice. Yield and cap rate are derived from the estimated rent versus the asking price.
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Mortgage financing is arranged through Mortgage Squad Advisors. Summitly is the technology platform that powers this site. Estimated values, AI insights, calculator results, and rental projections shown on this page are generated by Summitly and are not provided by, reviewed by, or sourced from TRREB, the MLS®, or the listing brokerage; they are not appraisals or opinions of value. The trademarks REALTOR®, REALTORS®, and the REALTOR® logo are controlled by the Canadian Real Estate Association (CREA) and identify real estate professionals who are members of CREA. The Coldwell Banker® name and logo are trademarks of Coldwell Banker Real Estate LLC.
Similar homes for sale nearby in Toronto
Other 4–7 bed homes for sale in Toronto around $1.5M.
Average days on market32Homes sold in about 32 days on average.
Sale-to-list ratio5097.1%On average, homes sold at or above asking.
Active listings12,671Homes for sale here right now.
Median vs prior 90 days+1.2%Compared with Apr 25 – Jul 24, 2026: prices up.
Based on 9,303 sales from Jul 24 – Oct 22, 2026 (6,811 in the prior 90 days). Aggregate MLS® figures for closed sales; individual sold prices are shown only to signed-in members.
261 Grace St is listed at $1,499,999 (MLS® C14096636). Summitly updates the price as soon as the MLS® record changes.
Is $1,499,999 a good price for 261 Grace St?
Summitly rates it Above Market: the asking price is 5% to 15% above Zara's estimate, an estimate built from recent sales in Toronto. The rating is an automated opinion, not an appraisal; "What's it worth?" on this page shows how it is worked out. See Zara's estimate
Has the price of 261 Grace St changed?
No — 261 Grace St is still listed at its original asking price of $1,499,999.
How many bedrooms and bathrooms does 261 Grace St have?
261 Grace St has 4 bedrooms and 3 bathrooms, with about 1,500–2,000 square feet of living space. It is a triplex in Toronto.
Is 261 Grace St close to transit?
The nearest rapid-transit station is Christie Station (Line 2), about 640 m (about a 8-minute walk) in a straight line. Ossington Station is about 890 m (about a 11-minute walk), and Bathurst Station is about 940 m (about a 12-minute walk). Distances are straight-line, not walking routes; check the transit agency for routes and schedules.
How much would the monthly mortgage be on 261 Grace St?
About $7,369 a month — principal and interest on $1,499,999 with 20% down ($300,000), a 25-year amortization and an assumed 5.5% interest rate. The mortgage calculator on this page lets you change the down payment, amortization and rate.
How does 261 Grace St compare with other homes in Toronto?
Its asking price of $1,499,999 is about 78% above the median sold price in Toronto over the last 90 days, $845,000, across 9,303 closed sales on the TRREB MLS®. A city median mixes every type and size of home, so the comparable sales on this page are the closer guide.
Has 261 Grace St been sold before?
Summitly has no earlier MLS® sale or lease of 261 Grace St on record from the last two years. Older records aren't shown under TRREB rules.
Where is 261 Grace St?
261 Grace St is in Toronto, ON. Schools, transit, parks and shops nearby are under Location & lifestyle on this page.
How long has 261 Grace St been on the market?
2 days — 261 Grace St was listed on October 20, 2026.
What is the price per square foot of 261 Grace St?
About $750 to $1,000 per square foot: the asking price of $1,499,999 over the 1,500–2,000 sq ft the listing gives as its size range.
Does 261 Grace St have parking or a garage?
Yes — the listing gives 2 parking spaces. Garage: Yes.
