280 Grace St
Palmerston-Little Italy, Downtown Toronto, M6G 3A6
FOR SALE
$1,975,000
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5 + 1
BEDROOMS3
BATHROOMS2 + 1
KITCHENS11 + 4
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Property Description
Fantastic LARGE Toronto Home in the Beautiful Palmerston/Little Italy Area Just Steps to Parks on Harbord and the Shops of College Street! This Versatile Property Can Be Used for a Single Family or Offers the Possibility to Live in and Enjoy Excellent Rental Income with Three Separate and Spacious Suites! The Main Floor can be Separated from the Second and Third Floors or Enjoyed Together for a LARGE 2330 sqft of Living Space and 1100sqft Finished Lower Level for 3430sqft of Living Space! Well Maintained and Updated By Proud Owners! Features Open Concept Main Floor with Spacious Eat in Kitchen with Walk Out to Yard, Large Formal Rooms and 3 Piece Bathroom! Second and Third Levels Can Be Separate from Main Floor and Offers Four Potential Bedrooms, Large Eat In Kitchen, 4 Piece Bathroom and Third Storey with Two Large Rooms Each with Closets! The Finished Basement has Separate Rear Walk Up Entrance with High Ceilings From Underpinned Foundation, Bedroom, Rec Room with Pot Lighting, ROUGHED IN THIRD KITCHEN and 3 Piece Bathroom - POTENTIAL INCOME SUITE! Large Detached Garage at Rear! Upgraded: Roof Shingles, Windows, HEFF Furnace, Stucco Exterior, Underpinned Foundation, ADDITION of Main Floor and Basement at Rear of Home, Upgraded PVC Plumbing Drain! This Spacious Home Backs on to an Open School Park, Art Eggleton and Bickford Parks, Steps to Transit, Restaurants, Shops and Much More in the Heart of One of the Finest Areas of the City!
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Extras
High Ceiling in Basement - Underpinned Foundation, Rear Addition Adds to Main Floor & Roughed in Kitchen in Basement, Large Detached Garage, 3 Potential Suites, Insulated Stucco Exterior, Backs on to School Park, Updated PVC Plumbing Drain
Nearby Intersections
Bloor & Bathurst (47)
Property Features
Clear View, Park, Public Transit, School
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Property Details
Street
Community
City
Property Type
Semi-Detached, 3-Storey
Approximate Sq.Ft.
2000-2500
Lot Size
20' x 120'
Lot Irregularities
Per Schedule D - Survey Sketch (2000)
Fronting
West
Taxes
$6,936 (2023)
Basement
Finished, Sep Entrance
Exterior
Brick, Stucco/Plaster
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 | 11.09' x 12.99' | Hardwood Floor, Imitation Fireplace, French Doors |
| Dining | Main | 11.42' x 13.85' | Hardwood Floor, Combined W/Br, 3 Pc Bath |
| Kitchen | Main | 13.68' x 15.09' | Family Size Kitchen, Eat-In Kitchen, W/O To Yard |
| Living | 2nd | 11.32' x 15.75' | Combined W/Br, Bay Window, Closet |
| Kitchen | 2nd | 9.84' x 12.66' | Ceramic Floor, Eat-In Kitchen, Family Size Kitchen |
| Br | 2nd | 9.84' x 13.75' | Closet, 4 Pc Bath, Window |
| Br | 3rd | 12.01' x 15.68' | Double Closet, Laminate, Vaulted Ceiling |
| Br | 3rd | 10.66' x 15.68' | Double Closet, Vinyl Floor, Vaulted Ceiling |
| Rec | Bsmt | 9.25' x 13.85' | Pot Lights, Ceramic Floor, Walk-Up |
| Kitchen | Bsmt | 7.84' x 10.99' | Unfinished, Vinyl Floor, Open Concept |
| Br | Bsmt | 10.43' x 12.24' | Raised Floor, Closet, 3 Pc Bath |
| Cold/Cant | Bsmt | 6.66' x 14.99' | Above Grade Window, Unfinished, Separate Rm |
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Downtown Toronto Market Statistics
Downtown Toronto Price Trend
280 Grace St is a 5-bedroom 3-bathroom home listed for sale at $1,975,000, which is $806,008 (29.0%) lower than the average sold price of $2,781,008 in the last 30 days (April 14 - May 13). During the last 30 days the average sold price for a 5 bedroom home in Downtown Toronto increased by $198,249 (7.7%) compared to the previous 30 day period (March 15 - April 13) and down $154,254 (5.3%) from the same time one year ago.Inventory Change
There were 222 5-bedroom homes listed in Downtown Toronto over the last 30 days (April 14 - May 13), which is up 113.5% compared with the previous 30 day period (March 15 - April 13) and up 52.1% compared with the same period last year.Sold Price Above/Below Asking ($)
5-bedroom homes in Downtown Toronto typically sold $39,350 (1.4%) above asking price over the last 30 days (April 14 - May 13), which represents a $41,775 increase compared to the previous 30 day period (March 15 - April 13) and $49,535 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 (April 14 - May 13) stood at 28.4%, down from 51.9% over the previous 30 days (March 15 - April 13) and down from 51.4% one year ago.Average Days on Market when Sold vs Delisted
An average time on the market for a 5-bedroom 3-bathroom home in Downtown Toronto stood at 15 days when successfully sold over the last 30 days (April 14 - May 13), compared to 46 days before being removed from the market upon being suspended or terminated.Listing contracted with Royal Lepage Terrequity Realty
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