$4,500,000 - 175 Grace Street, Downtown Toronto
Detached for Sale in Downtown Toronto
45 days on market- MLS Number
- C13071502
- Property Type
- Detached
- Status
- active
- Days on Site
- 45
- Bedrooms
- 15
- Bathrooms
- 8
- Square Feet
- 3,500 - 3,999 sqft
- Neighbourhood
- Downtown Toronto / Waterfront
- Listing Brokerage
- RE/MAX REALTRON WENDY ZHENG REALTY
Fully renovated Multiplex in a prime, high-demand downtown location, offering a rare turnkey investment opportunity with strong income potential. This exceptional property comprises four self-contained units: Units 1 & 2 & 3 each feature 4 spacious bedrooms and 2 full bathrooms, while the lower-level unit offers a well-designed 3-bedroom, 2-bathroom layout. All units have been extensively upgraded with modern, high-quality finishes, including new flooring, contemporary kitchens with stainless steel appliances, and elegantly renovated bathrooms. Each suite is equipped with its own private in-suite laundry, enhancing tenant convenience and desirability. Bright, functional layouts with generous principal rooms and large windows provide abundant natural light throughout. A newly constructed rear fire escape staircase has also been added to enhance safety and meet current building standards. The property includes a highly sought-after detached 4-car garage at the rear, offering valuable parking in this dense urban setting. Additional features include a rooftop sun deck with seasonal CN Tower views, adding further appeal for tenants. Ideally situated in one of Toronto's most desirable downtown neighborhoods, just steps to U of T, College Street, Metro grocery, cafés, restaurants, parks (Trinity Bellwoods, Bickford), YMCA, and the Bob Abate Community Centre. A truly turnkey, low-maintenance asset in an unbeatable location.
Estimate your monthly payments for this property
Estimated Payment
$19,905.02/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 Downtown Toronto / Waterfront
Downtown Toronto / Waterfront 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 Downtown Toronto / Waterfront
- •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
Downtown Toronto / Waterfront 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.
175 Grace Street, Downtown Toronto / Waterfront
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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 $1286/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.
Market Position
At 45 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.
Larger Home Realities
At 3,500 sqft, this is a substantial home. Budget approximately $400-600/month more for utilities compared to an average-sized home. Maintenance costs scale with size too - roof, HVAC, and cleaning all cost more. That said, space is a luxury that's hard to add later, and larger homes often have better resale in family-oriented neighbourhoods.
Excellent Flexibility
With 15 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 Downtown Toronto.
Bathroom Count Matters
With 8 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.