231 Grace Street, Toronto, ON

$2,769,000
MLS#:C12209829
4 beds
5 baths
1500-2000 sqft
2.0 parking
Residential Freehold
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This listing is no longer active (Sold)

This property has been sold, leased, or taken off the market. You can view similar active listings below.

Property Highlights

Welcome to this remarkable 3-Storey semi-detached located in the coveted neighborhood of Palmerston-Little Italy. Expertly crafted featuring premium brick construction, this residence presents an exceptional opportunity offered at $2,769,000 to acquire a beautiful home in a highly sought-after setting. Designed for both comfortable daily living and elegant entertaining, the layout maximizes natural light, functional flow, and lifestyle utility.

  • 4 Bedrooms and 5 Bathrooms
  • Generous living space spanning 1500-2000 sqft on a premium 20 x 131 ft lot
  • Features a finished with walk-out basement, adding superb versatility for recreation, a home gym, or extra storage
  • 2.0 total parking spaces available with a convenient detached configuration
  • Notable attributes: Auto Garage Door Remote, Carpet Free, On Demand Water Heater
  • equipped with central air central cooling and highly efficient forced air heating via gas

Description

Fully renovated from top to bottom, this turn-key 1912 home blends historic charm with contemporary comfort across four finished levels, including a rooftop sun deck with seasonal CN Tower views and basement walkout. Set on a wide 20-foot lot in Little Italy, the home features a sun-filled interior with wide staircases, bay windows, exposed brick, and modern finishes throughout. The main floor offers a spacious living room with stone feature wall, gas fireplace, and custom shelving, an open dining area, and a chef-inspired kitchen with waterfall island, breakfast bar, and extended pantry wall. A powder room and mudroom add practical function. The second floor features three bedrooms and two full baths, including a well-appointed suite perfect as another primary with three-piece ensuite and wall-to-wall closets. The third floor serves as a private primary retreat with custom closets, spa-style five-piece bath, and rooftop access. The finished lower level offers the perfect setting for a sophisticated home office, guest suite, or an expansive recreation lounge with a stylish three-piece bath, rough-in for a kitchen, and walkout to a landscaped yard with wood deck, stone patio, and detached two-car garage with laneway access a rare find in this bustling neighbourhood! Steps from College Street, top restaurants, nightlife, parks, and transit.

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Key Features

Bedrooms
4
Bathrooms
5
Kitchens
1
Living Area
1500-2000 sqft
Property Type
Residential Freehold

Additional Details

StatusSold
Sold DateJuly 18, 2025
Sold price information is available to members only
Listed Date6/10/2025
Transaction TypeFor Sale

Property Details

Property Sub-TypeSemi-Detached
Architectural Style3-Storey
ConstructionBrick
BasementFinished with Walk-Out
Lot Size20 × 131 Feet
CountyToronto
Annual Tax$10,242.94
Legal DescriptionPT LT I, J PL 1168 TORONTO AS IN CA626709; CITY OF TORONTO

Parking & Garage

Parking Spaces2.0
Garage Spaces2
Garage TypeDetached

Heating & Cooling

Heat SourceGas
Heat TypeForced Air
CoolingCentral Air

Features

Property Features

Interior Features

Auto Garage Door Remote, Carpet Free, On Demand Water Heater

Security Features

Community Features

Location

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231 Grace Street, Toronto, ON
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Property History

No historical data available for this property.

This could be the first listing for this address.

Pricing & Value Insights

Data-driven valuation for 231 Grace Street, Toronto C01, ON M6G 3A7

Estimated Sales Range
$1.2M - $1.4M

Based on 0 recent similar sales in the pocket.

Market Speed
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Mortgage & Affordability Audit

Calculate your monthly payment, minimum downpayment, and land transfer taxes for this home in Toronto.

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Interest Rate5.25%
Down Payment$553,800 (20.0%)
* Minimum Canadian down payment required for this price is $553,800.
Amortization Period25 Years
Estimated Monthly Payment$13,201Based on a loan of $2,215,200 over 25 years.
Purchase Price$2,769,000
Loan Amount$2,215,200
Provincial Land Transfer Tax:$55,700
Toronto Municipal Land Transfer Tax:$55,700
Total Estimated Closing Taxes:$111,400

About Purchasing a Home in Toronto, ON

For a property listed at $2,769,000 in Toronto, the legal minimum down payment is $553,800 under current Canadian banking regulations. This calculation applies a 5% requirement on the first $500,000, 10% on the next $499,999, and a flat 20% on any amount exceeding $1,000,000.

Additionally, buyers in Ontario must budget for the Provincial Land Transfer Tax, which is estimated at $55,700 for this transaction. Since the property is located in Toronto, a municipal land transfer tax of $55,700 also applies, bringing the total estimated land transfer taxes to $111,400.

Nearby Listings

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City & Neighborhood Guide

Comprehensive city-wide demographics, local real estate stats, and school rankings for Toronto.

Verified Local Data
City Population2,794,356
City Median Age39.2 Yrs
City Ownership48% Owners
Avg Area List Price$1,168,439

People & Families

Age Distribution

Household Composition

One-person households
32%
Families with children
36%
Couples without children
24%
Other households
8%

Top Ethnic Origins

Chinese11%
English9%
Canadian8%
East Indian8%

Local Schools Guide

Elementary Schools

St Monica
Public14 Broadway Avenue, Toronto, Ontario, M4P 1T4
6.9
Deer Park
Public23 Ferndale Avenue, Toronto, Ontario, M4T 2B4
6.9
St Anselm
Public182 Bessborough Drive, Toronto, Ontario, M4G 3J9
8.7
Blythwood
PublicToronto, Ontario, M4G 0A6
9.4
Our Lady of Perpetual Help
Public1 1/2 Garfield Avenue, Toronto, Ontario, M4T 1E6
9.7

Secondary Schools

North Toronto
Public17 Broadway Avenue, Toronto, Ontario, M4P 1T7
8.4
Northern
Public851 Mount Pleasant Road, Toronto, Ontario, M4P 2L5
8.2
Marshall McLuhan
Public1107 Avenue Road, Toronto, Ontario, M5N 3B1
7.2
Leaside
Public200 Hanna Road, Toronto, Ontario, M4G 3N8
9.1
Forest Hill
Public78 Dunloe Road, Toronto, Ontario, M5P 2T6
7.5

Homes & Housing

Structural Home Types

Tenure (Ownership vs Rental)

Owner-Occupied48%
Rented52%

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Notice: Market Insights are generated by analyzing real-time data and should be used for informational purposes only. Consult with a licensed professional for exact valuations.

Disclaimer: AI Insights are generated by an automated system and should be used for informational purposes only. While we strive for accuracy using current market data and deep-learning models, these assessments do not constitute professional real estate, legal, or financial advice. All property values, predictions, and scores are estimates. We strongly recommend verifying all property details and conducting independent due diligence with a licensed professional before making any purchase decisions.