261 Grace Street, Toronto C01

$1,499,999
261 Grace Street

$1,499,999

New
3d
Triplex2 1/2 Storey

261 Grace Street, Toronto C01

Total Monthly Obligation $7,011

Beds
5
Baths
3
Park
2
Sqft
1500-2000
DOM
3d
Score
19
Yield
4.9%
Cash on Cash
-1.9%
Cap Rate
4.2%
5Y IRR
14.0%
10Y IRR
13.4%
Property Type-Triplex
MLS® Number-C14096636
Beds-5
Bathrooms-3
Size-1500-2000 sqft
Lot Size-17.58 × 105 ft
Listed on site-Oct 20, 2026
Style-2 1/2 Storey
Building Type-Triplex
Taxes-$7,021 (2025)
Parking-2 - Detached
Basement-Apartment
Heating-Forced Air (Gas)
Brokerage-RIGHT AT HOME REALTY
Cooling-Central Air, Window Unit(s)
Laundry-No
Fireplace-No
Pool-None
Facing-West
Exterior-Brick
Roof-Asphalt Shingle
Foundation-Brick, Block, Concrete
Sewer-Sewer
Possession-Flexible
Neighbourhood-Palmerston-Little Italy
Title-Residential Freehold

No agent assigned

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.

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(utilities, internet...)
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%
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Closing Costs

Mortgage Amount
$1,199,999
Land Transfer Taxes$26,475
Legal Fees (Est.)
$
Total cash required for closing$327,975

Total Monthly Obligation

$7,011/mo
Mortgage $6,051
Monthly Loss $5,418
Principal$1,592
Interest$4,458
Property Tax$585
Home Insurance$125
Variable Costs$250
Returns
Weight: 25%
Cap Rate
3.6%23
Cash-on-Cash
-5.7%2
5-Year IRR
11.1%43
10-Year IRR
11.4%
Returns Index
22.7/ 100
Growth Sentiment
Weight: 20%
%/yr
Score+50
%/yr
Score+50
%
%
Growth Index
50.0/ 100
GradeD
19/ 100
Avoid•Pass

Strategy: Buy & Hold — Weights: CFI 35% · RI 25%
RKI 20% · GI 20%

Assumptions & Inputs
$/mo
%
$
yr
%
Cash Flow
Weight: 35%
Gross Rent
$73,200/yr
NOI
$54,359/yr
Net Cash Flow
-$1,521/mo
Cash Margin
-24.9%0
Cash Flow Index
0.0/ 100
Risk Profile
Weight: 20%
DSCR
0.7512
LTV Ratio
80.0%18
Vacancy Buffer
1.4 mo21
Risk Index
17.1/ 100

*This analysis is independently generated NOT provided by TREB or CREA.

Comparables

Properties near 261 Grace Street

Time

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