197 De Grassi Street, Toronto, ON
Property Highlights
Welcome to this remarkable 3-Storey detached located in the coveted neighborhood of South Riverdale. Expertly crafted featuring premium brick construction, this residence presents an exceptional opportunity offered at $2,299,000 to acquire a beautiful home in a highly sought-after setting. Designed for both comfortable daily living and elegant entertaining, the layout maximizes natural light, functional flow, and lifestyle utility.
- 8 Bedrooms and 3 Bathrooms with 2 functional kitchens
- Generous living space spanning 3000-3500 sqft on a premium 33.33 x 100.89 ft lot
- Features a unfinished basement, adding superb versatility for recreation, a home gym, or extra storage
- 0.0 total parking spaces available
- Notable attributes: Water Heater Owned, Water Meter
- Efficient radiant heating via gas
Description
A rare opportunity to reimagine one of the area's most substantial period homes. Built in the early 1900s, 197 De Grassi Street is a grand three-storey residence brimming with original character, including rich wood panelling and millwork, decorative plaster ceilings, stained-glass accents, bay windows, hardwood floors and multiple striking fireplaces. Behind its classic brick façade lies a remarkably spacious interior with generous principal rooms, abundant natural light and exceptional potential throughout. A private, mature garden provides a leafy outdoor retreat in the heart of the city. Restore and renovate this impressive home into a luxurious family estate, preserving its irreplaceable architectural details while introducing contemporary comfort and design. Alternatively, explore its potential for conversion or redevelopment as a duplex or triplex - an exciting prospect for renovators, builders and investors seeking scale in a coveted Toronto neighbourhood. An extraordinary canvas with the size, character and versatility to become something truly special. Property is being sold as an estate sale and in its current condition. Buyers to conduct their own due diligence regarding zoning, permits, redevelopment and intended use.
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Property Summary
This detached home located at 197 De Grassi Street, Toronto is currently for sale and has been available on SousaSells for 1 day. This property is listed at $2,299,000 with an estimated mortgage of $7,653* per month. It has 8 beds, 3 bathrooms, and is 3000-3500 square feet. 197 De Grassi Street, Toronto is in the South Riverdale neighborhood.
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* Estimated mortgage assumes a 30% down payment, 4.00% interest rate, and 30-year amortization.Yes! Featuring 8 bedrooms and 3 bathrooms, this home offers ample space and comfort for growing families in South Riverdale, Toronto.
- •8 spacious bedroom layout offering versatile living space
- •3 well-appointed bathrooms
- •3000-3500 sqft of generous functional square footage
Growing families needing multi-bedroom flexibility and space in South Riverdale, Toronto.
Key Features
Additional Details
Property Details
Parking & Garage
Heating & Cooling
Features
Property Features
None listed
Interior Features
- Water Heater Owned
- Water Meter
Security Features
None listed
Community Features
None listed
Frequently Asked Questions about 197 De Grassi Street, Toronto, ON
Q.What is the asking price for 197 De Grassi Street, Toronto, ON ?
The current listing price for 197 De Grassi Street, Toronto, ON in South Riverdale, Toronto is $2,299,000.
Q.How many bedrooms and bathrooms does this property have?
This property features 8 bedrooms and 3 bathrooms across approximately 3000-3500 sqft.
Q.What property type and architectural style is 197 De Grassi Street, Toronto, ON ?
197 De Grassi Street, Toronto, ON is a Detached (3-Storey) featuring a Unfinished basement.
Q.What interior features are included in this home?
Interior highlights include: Water Heater Owned, Water Meter.
Q.Is parking available at this property?
Yes, this property offers parking space for 0.0 vehicle (None).
Q.What heating and cooling systems are installed?
Heating is provided via Gas and cooling via None.
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Pricing & Value Insights
Data-driven valuation for 197 De Grassi Street, Toronto, ON M4M 2K8
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Properties in this area are selling at a steady pace.
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About Purchasing a Home in Toronto, ON
For a property listed at $2,299,000 in Toronto, the legal minimum down payment is $459,800 under current Canadian banking regulations. This calculation applies a 5% requirement on the first $500,000, 10% on the next $499,999, and a flat 20% on any amount exceeding $1,000,000.
Additionally, buyers in Ontario must budget for the Provincial Land Transfer Tax, which is estimated at $43,950 for this transaction. Since the property is located in Toronto, a municipal land transfer tax of $43,950 also applies, bringing the total estimated land transfer taxes to $87,900.
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Disclaimer: AI Insights are generated by an automated system and should be used for informational purposes only. While we strive for accuracy using current market data and deep-learning models, these assessments do not constitute professional real estate, legal, or financial advice. All property values, predictions, and scores are estimates. We strongly recommend verifying all property details and conducting independent due diligence with a licensed professional before making any purchase decisions.