244 Grace Street, Toronto, ON
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Property Highlights
Welcome to this remarkable 2 1/2 Storey semi-detached located in the coveted neighborhood of Palmerston-Little Italy. Expertly crafted featuring premium brick construction, this residence presents an exceptional opportunity offered at $1,850,000 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.
- 4 Bedrooms and 2 Bathrooms with 3 functional kitchens
- Generous living space spanning 2000-2500 sqft on a premium 20 x 125 ft lot
- Features a apartment, separate entrance basement, adding superb versatility for recreation, a home gym, or extra storage
- 2.0 total parking spaces available with a convenient detached configuration
- Notable attributes: None
- equipped with central air central cooling and highly efficient forced air heating via gas
Description
Spacious 3 Storey Semi in the heart of vibrant Little Italy. Nestled on a tranquil, tree-lined street, this spacious home sits on a rare 20-foot-wide lot and offers the perfect blend of a charming retreat, and city living. With 4 generous-sized bedrooms-including the option to use the fourth as a separate family room-there's plenty of room to grow and adapt to your family's needs. The extra-large main floor eat-in kitchen is ideal for family gatherings or entertaining friends, while three kitchens (one on each level) and a wet bar on the third floor provide flexibility for multi-generational living or rental potential. Step outside and enjoy three balconies, a private backyard, and a large shaded front porch-offering multiple outdoor spaces to relax and take in the neighbourhood's peaceful atmosphere. The third-floor balcony showcases beautiful city views, making it the perfect spot to unwind at the end of the day. Additional highlights include a separate laundry room, ample storage in the basement, and a 2-car garage with laneway access. As a designated duplex with separate backyard entry, this property offers incredible versatility-whether you're looking to live in, rent out, or create your dream home in one of Toronto's most sought-after communities. Steps to College Street shops, restaurants, public transit and great schools, you won't want to miss this exceptional opportunity to own a piece of Little Italy charm with endless potential.
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This could be the first listing for this address.
Pricing & Value Insights
Data-driven valuation for 244 Grace Street, Toronto C01, ON M6G 3A6
Based on 0 recent similar sales in the pocket.
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 $1,850,000 in Toronto, the legal minimum down payment is $370,000 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 $33,475 for this transaction. Since the property is located in Toronto, a municipal land transfer tax of $33,475 also applies, bringing the total estimated land transfer taxes to $66,950.
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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.
