$1,500,000 - 114 De Grassi Street, Leslieville
Multi-Family for Sale in Leslieville
47 days on marketNeighbourhood: South Riverdale
- MLS Number
- E13530804
- Property Type
- Multi-Family
- Status
- active
- Days on Site
- 47
- Bedrooms
- 7
- Bathrooms
- 3
- Square Feet
- 1,500 - 1,999 sqft
- Neighbourhood
- Riverdale / Leslieville
- Listing Brokerage
- THE WEIR TEAM, BROKERAGE INC.
Rare opportunity to own a well-maintained triplex with three legal parking spaces in the heart of Leslieville, one of Toronto's most sought-after east-end neighbourhoods. Situated on a quiet residential street, this income-generating property offers a compelling blend of character, flexibility, and long-term investment potential.This classic Toronto property features three self-contained residential units, providing multiple revenue streams and exceptional versatility for investors, owner-occupiers, or multi-generational families. Each suite offers bright, functional living spaces with excellent natural light and independent living accommodations. The property is ideally positioned just steps from Queen Street East's vibrant collection of cafés, restaurants, boutiques, and local amenities. Residents enjoy easy access to public transit, parks, schools, and the downtown core, making this a highly desirable location with strong rental demand. Highlights include: Three self-contained residential units with parking and ensuite laundry for each. Strong income potential with opportunity for future rental growth. Highly desirable Leslieville location. Walkable neighbourhood close to shops, dining, and transit.Flexible ownership options for investors or owner-occupiers. Excellent long-term appreciation potential in a premier Toronto neighbourhood.Whether you're looking to expand your investment portfolio, live in one unit while generating rental income from the others, or secure a valuable asset in a thriving community, 114 De Grassi Street presents an outstanding opportunity. A rare offering in one of Toronto's most dynamic neighbourhoods. Don't miss your chance to own this exceptional Leslieville triplex! Some photos have been virtually staged. **Open House July 11 and 12th 2:00 to 4:00 p.m.** **Ensuite laundry in each unit**
Estimate your monthly payments for this property
Estimated Payment
$6,635.01/mo
5-yr fixed avg.
Rates shown are estimates based on typical Ontario 5-year fixed rates. Canadian mortgages use semi-annual compounding as required by law. CMHC insurance applies to purchases under $1.5M with less than 20% down. Estimated property tax uses an approximate 0.85% rate. Contact us for current rate options and pre-approval.
Discover South Riverdale
South Riverdale is a vibrant community in the Greater Toronto Area, offering excellent amenities, schools, and transportation options. This area is popular with families and professionals seeking a balanced lifestyle with access to urban conveniences and natural spaces.
Why Live in South Riverdale
- •Convenient location in Riverdale / Leslieville
- •Access to local shops and dining
- •Good public transit connections
- •Community parks and green spaces
- •Well-maintained neighbourhoods
Nearby Schools
Transit & Commuting
- •MiWay bus routes throughout the area
- •GO Transit stations within driving distance
- •Easy highway access to 401/403/QEW
- •Walking distance to local amenities
Parks & Amenities
- •Local parks and recreational facilities
- •Community centres
- •Shopping plazas nearby
- •Restaurants and cafes
Lifestyle & Community
South Riverdale offers a wonderful quality of life with a mix of residential charm and urban convenience. Residents enjoy easy access to schools, parks, and shopping, making it an ideal location for families and professionals alike.
114 De Grassi Street, Riverdale / Leslieville
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Rental income estimator & ROI calculator
Monthly Cash Flow Breakdown
Note: These are estimates only. Actual figures may vary based on market conditions, property condition, and other factors. Consult with a financial advisor for personalized advice.
Joe's Thoughts
Honest perspective from 30+ years of GTA real estate experience
Fair Market Value
At $1000/sqft, this property is priced in line with current Leslieville market conditions. The pricing suggests the seller has done their homework. We may have modest room for negotiation, typically 2-4% in today's market.
Negotiation Opportunity
At 47 days on site, this property has exceeded the typical selling timeline for Leslieville. This creates leverage for buyers. The seller may be motivated by carrying costs, life circumstances, or previous deals falling through. I'd recommend a strategic offer below asking with terms that favour you.
Excellent Flexibility
With 7 bedrooms, you have genuine flexibility. Beyond the master and kids' rooms, you can have a dedicated home office, guest room, hobby space, or even rental income potential. In today's work-from-home era, extra bedrooms add significant value. Properties with 5+ bedrooms are relatively rare in Leslieville.
Bathroom Count Matters
With 3 bathrooms, morning routines are much smoother. Multiple bathrooms significantly improve daily livability and are a major selling point for resale. Buyers consistently pay more for adequate bathroom counts - this is a strong feature.
About South Riverdale
I know South Riverdale well from working with many buyers and sellers here. Each pocket has its own character - let me share what I've learned about this specific street and block. During our showing, I'll point out local amenities, school catchments, and what similar homes have sold for recently.
Investment Perspective
Looking at this as an investment: Leslieville properties have averaged 5-7% annual appreciation over the past decade. Your estimated monthly carrying costs would be around $6,250 (mortgage, taxes, insurance). Consider whether you're comfortable with this as both a home and a financial commitment.