166 Grace St
Palmerston-Little Italy, Downtown Toronto, M6G 3A6
FOR SALE
$1,799,000
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BEDROOMS4
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Property Description
Unique and large 2.5-Storey Home in Little Italy. This property Offers above 2,000 Square Feet Of Living Space and 2 bright self contained units not including lower level. Ideal for an end user by using one unit and renting the rest of the 2 units for extra income. Top floor unit is spacious and provides an ensuite bath. Property is very private and ideally located close to all downtown amenities with potential to expand and built above a double detached garage as a laneway house . New Windows, Front Door replaced in 2022, Furnace And Ac replaced in 2023. Seller And Listing Agent Do Not Warrant Legal And Retrofit Status. The main and second floor of the Property Is Tenanted as follows: Upper: $3,525 lease expires Dec 1, 2024. Main: $2,750/mnth expires march 15, 2025. LL: Vacant.
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Listing History
| List Date | End Date | Days Listed | List Price | Sold Price | Status |
|---|---|---|---|---|---|
| 2023-10-25 | 2023-11-01 | 12 | $1,900 | $1,900 | Leased |
Extras
The agent and the seller represents no warranty on the retrofit and legal status of the units
Property Features
Hospital, Place Of Worship, Public Transit, School
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Property Details
Street
Community
City
Property Type
Semi-Detached, 2 1/2 Storey
Approximate Sq.Ft.
2000-2500
Lot Size
23' x 125'
Acreage
< .50
Fronting
West
Taxes
$8,235 (2024)
Basement
Apartment, Fin W/O
Exterior
Brick
Heat Type
Forced Air
Heat Source
Gas
Air Conditioning
Central Air
Water
Municipal
Driveway
Lane
Garage Type
Detached
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Room Summary
| Room | Level | Size | Features |
|---|---|---|---|
| Living | Main | 13.22' x 11.22' | Laminate |
| Kitchen | Main | 11.02' x 15.35' | Laminate, W/O To Deck |
| Br | Main | 13.06' x 10.70' | Laminate, Fireplace |
| Bathroom | Main | 5.87' x 6.53' | 4 Pc Bath |
| 2nd Br | 2nd | 12.43' x 9.22' | |
| Living | 2nd | 14.17' x 15.32' | |
| 3rd Br | 3rd | 15.72' x 9.58' | |
| 4th Br | 3rd | 12.80' x 15.35' | |
| Br | Bsmt | 15.22' x 8.66' | |
| Family | Bsmt | 12.43' x 12.86' |
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Downtown Toronto Market Statistics
Downtown Toronto Price Trend
166 Grace St is a 5-bedroom 4-bathroom home listed for sale at $1,799,000, which is $916,117 (33.7%) lower than the average sold price of $2,715,117 in the last 30 days (December 18 - January 16). During the last 30 days the average sold price for a 5 bedroom home in Downtown Toronto increased by $148,190 (5.8%) compared to the previous 30 day period (November 18 - December 17) and up $187,217 (7.4%) from the same time one year ago.Inventory Change
There were 66 5-bedroom homes listed in Downtown Toronto over the last 30 days (December 18 - January 16), which is up 11.9% compared with the previous 30 day period (November 18 - December 17) and up 106.2% compared with the same period last year.Sold Price Above/Below Asking ($)
5-bedroom homes in Downtown Toronto typically sold ($293,040) (10.8%) below asking price over the last 30 days (December 18 - January 16), which represents a $183,750 decrease compared to the previous 30 day period (November 18 - December 17) and ($98,200) less than the same period last year.Sales to New Listings Ratio
Sold-to-New-Listings ration (SNLR) is a metric that represents the percentage of sold listings to new listings over a given period. The value below 40% is considered Buyer's market whereas above 60% is viewed as Seller's market. SNLR for 5-bedroom homes in Downtown Toronto over the last 30 days (December 18 - January 16) stood at 25.8%, down from 72.9% over the previous 30 days (November 18 - December 17) and down from 78.1% one year ago.Average Days on Market when Sold vs Delisted
An average time on the market for a 5-bedroom 4-bathroom home in Downtown Toronto stood at 44 days when successfully sold over the last 30 days (December 18 - January 16), compared to 95 days before being removed from the market upon being suspended or terminated.Listing contracted with Re/Max Professionals Inc.
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