$2,349,000 - 204 Grace Street, Downtown Toronto
Semi-Detached for Sale in Downtown Toronto
Popular ListingNeighbourhood: Palmerston-Little Italy
- MLS Number
- C13489778
- Property Type
- Semi-Detached
- Status
- active
- Days on Site
- 12
- Bedrooms
- 4
- Bathrooms
- 4
- Square Feet
- 2,000 - 2,499 sqft
- Neighbourhood
- Downtown Toronto / Waterfront
- Listing Brokerage
- SOTHEBY'S INTERNATIONAL REALTY CANADA
Welcome to 204 Grace Street, a beautifully renovated home where timeless character meets modern sophistication in the heart of Trinity Bellwoods. Thoughtfully designed across three finished levels, this exceptional residence features soaring high ceilings, oak hardwood flooring, exposed brick accents, custom millwork, designer lighting, and premium finishes throughout. The main level offers elegant principal rooms and a stunning chef's kitchen with quartzite natural stone countertops and backsplash, an eight-foot island, and premium Café appliances. Upstairs, two spacious bedrooms, a stylish five-piece family bath, upper-level laundry, and a custom walk-in closet/home office provide exceptional functionality. The third floor primary retreat features a luxurious five-piece ensuite and custom closet storage. Major upgrades include 200-amp electrical service, new windows and doors throughout, and a Tesla EV charger with dedicated subpanel in the detached garage, perfectly equipped for modern living. Professionally landscaped grounds and new interlock stonework complete this truly turnkey offering. The self-contained lower level one bedroom apartment offers a fantastic opportunity for additional rental income. Ideally located steps to Trinity Bellwoods Park, Ossington, and College Street, and surrounded by the very best of Little Italy and Trinity Bellwoods, from beloved restaurants and independent cafés to boutique shops and vibrant weekend markets. This is Toronto neighbourhood living at its finest.
Estimate your monthly payments for this property
Estimated Payment
$10,390.42/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 Palmerston-Little Italy
Palmerston-Little Italy 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 Palmerston-Little Italy
- •Convenient location in Downtown Toronto / Waterfront
- •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
Palmerston-Little Italy 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.
204 Grace Street, Downtown Toronto / Waterfront
Open in Google MapsUse the map controls to zoom, pan, and switch between map and satellite views. Drag to explore the neighbourhood.
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
Premium Pricing
At $1175/sqft, this property is priced above the Downtown Toronto average of $950/sqft. I'd want to see upgraded finishes, premium location, or recent renovations to justify this price point. During our showing, I'll point out exactly what you're paying extra for.
Detached Home Advantages
Detached homes in Downtown Toronto are increasingly scarce and valuable. You'll have no shared walls, full control over renovations, and typically stronger appreciation. Consider the lot size and potential for future additions or basement apartment income. Detached homes also offer the most flexibility for growing families.
Family-Friendly Layout
4 bedrooms hits the sweet spot for most families. You'll have room for 2-3 children plus a home office or guest room. This is the most sought-after configuration for families relocating to Downtown Toronto. Good resale value as demand remains consistent.
Bathroom Count Matters
With 4 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 Palmerston-Little Italy
I know Palmerston-Little Italy 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: Downtown Toronto properties have averaged 5-7% annual appreciation over the past decade. Your estimated monthly carrying costs would be around $9,788 (mortgage, taxes, insurance). Consider whether you're comfortable with this as both a home and a financial commitment.