$7,500/mo - 214 Grace Street, Downtown Toronto
Semi-Detached for Rent in Downtown Toronto
33 days on marketNeighbourhood: Palmerston-Little Italy
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- MLS Number
- C13747848
- Property Type
- Semi-Detached
- Status
- active
- Days on Site
- 33
- Bedrooms
- 4
- Bathrooms
- 4
- Square Feet
- 1,500 - 1,999 sqft
- Neighbourhood
- Downtown Toronto / Waterfront
- Listing Brokerage
- RE/MAX REALTRON REALTY INC.
Welcome to 214 Grace St.-an exceptional home rarely offered for lease. This stunning, fully renovated and residence was taken down to the studs and thoughtfully redesigned for modern comfort and functionality, inside and out.The main floor features a spectacular chef's kitchen with abundant workspace and storage, opening to a bright, spacious open-concept living and dining area. A sun-filled family room with skylights and walk-out to the rear garden is the perfect retreat, complemented by a gas fireplace, 2-piece powder room and oversized front entry closet.The upper levels offer three bathrooms, including two ensuites, plenty of natural light, an expansive second-floor primary suite and a third-floor office ideal for working from home.Enjoy the private backyard with deck and pergola, or relax on the beautifully tiled front porch. Ideally located in vibrant Little Italy, steps to the College St. streetcar, shops, restaurants, cafes and amenities. Multiple public school options are also within walking distance.Tenant pays 2/3 of gas, electricity and water. Backyard and detached garage for tenant's exclusive use. Tenant responsible for contents insurance and minimum $2,000,000 liability insurance. Property can also be leased furnished for an extra cost.
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.
214 Grace Street, Downtown Toronto / Waterfront
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How this lease stacks up against the local rental market
Estimated Monthly Budget
Things to Confirm Before Signing
· Are utilities included, or separate?
· How many parking spots are included?
· Is the landlord open to a 1-year or 2-year lease?
· Are pets and small renovations (paint, hooks) allowed?
· When was the last rent increase, if there is a prior tenant?
Utility estimates are approximate and vary by season, habits, and what the landlord includes. Always confirm inclusions with the listing agent.
Joe's Thoughts
Honest perspective from 30+ years of GTA real estate experience
Above Market Rent
At $7,500/mo, this is asking above the typical 4-bedroom rent of ~$4,200/mo in Downtown Toronto. That premium needs to be justified — newer finishes, included parking, a premium location, or utilities included. I'll help you assess whether it's worth it or whether there's room to negotiate.
Market Position
At 33 days on site, this property has had reasonable exposure. It hasn't sold immediately (which often indicates overpricing), but isn't languishing either. There's likely room for a 3-5% negotiation from asking price.
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.