$2,250/mo - 263 Grace Street Unit Lower, Downtown Toronto
Semi-Detached for Rent in Downtown Toronto
Popular ListingNeighbourhood: Palmerston-Little Italy
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- MLS Number
- C13821250
- Property Type
- Semi-Detached
- Status
- active
- Days on Site
- 14
- Bedrooms
- 2
- Bathrooms
- 1
- Square Feet
- 1,500 - 1,999 sqft
- Neighbourhood
- Downtown Toronto / Waterfront
- Lot Size
- 2,048 sqft
- Listing Brokerage
- ROYAL LEPAGE REAL ESTATE SERVICES LTD.
Welcome to 263 Grace Street, a beautifully renovated 1+1 bedroom lower apartment situated in the heart of Toronto's highly sought-after Little Italy neighbourhood, just steps from trendy College Street. Offering over 700 square feet of stylish and functional living space, this residence serves as the ideal condo alternative, seamlessly combining modern interior design with the rare luxury of a private outdoor retreat. Inside, a bright and spacious open-concept layout unfolds, highlighted by crisp pot lighting, durable luxury vinyl plank flooring, sleek ceramic tile, and custom built-ins that maximize space and style. The chef-inspired kitchen is designed for both everyday cooking and casual hosting, featuring a large eat-in island, extensive cabinetry, and full-sized stainless steel appliances, including a gas stove, dishwasher, slim microwave range hood, and fridge. Year-round comfort is maintained effortlessly with central air conditioning. The well-proportioned primary bedroom provides a quiet, comfortable sanctuary, while the separate den offers essential flexibility for a dedicated home office, guest room, or creative studio. A fully updated four-piece bathroom completes the interior with contemporary fixtures and clean, modern finishes. Extending the living space outdoors, the property features an exceptional shared backyard oasis-a rare find for rentals in the area-complete with distinct dining and lounge areas alongside a propane barbecue, perfect for outdoor dining and entertaining. Additional features include convenient on-site shared laundry. This unbeatable urban location is situated just steps from College Street. You are surrounded by Toronto's finest dining, cafes, boutiques, and transitoptions, offering an effortless commute to the downtown core. Available Nov 1 for $2,250/month plus hydro. Garage parking available for an extra fee.
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.
263 Grace Street Unit Lower, 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
Competitive Rent
At $2,250/mo, this is priced below the typical 2-bedroom rent of ~$2,900/mo in Downtown Toronto. Well-priced rentals move fast — worth acting on. That said, let's check what's driving the lower ask: landlord flexibility, lease term restrictions, or simply a motivated landlord.
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.
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.
Lease Terms to Negotiate
Don't just focus on the monthly rent — the lease terms matter just as much. I always advise my rental clients to clarify: what's included (parking, storage, utilities), the lease length options, the landlord's policy on renewals, and whether small personalizations like painting are permitted. These details can make or break your experience over 12–24 months.
Let's Walk Through It Together
Photos can't tell you about traffic noise, natural light at different times of day, or how well the landlord maintains the property. When we view it together, I'll assess the condition of appliances, HVAC, and finishes — and flag anything that might become a headache. I'll also help you understand the lease terms before you sign anything.