276 GRACE STREET, Toronto (Palmerston-Little Italy)

$1,399,000

For sale: Semi-Detached/Link

Property type

Single Family

Bedrooms / bathrooms

7 bedrooms, 3 bathrooms

Living area

2,000 sqft

MLS number

MLS® C13081388

Neighbourhood

Palmerston-Little Italy

Rarely offered semi-detached home in the coveted heart of Little Italy, steps to College Street, Trinity Bellwoods Park, top restaurants, cafes, and transit. Sitting on a premium 20 x 120 ft lot with coveted laneway access and a solid double-car garage (laneway suite-ready foundation), this property is a true multi-generational and income-generating opportunity. Close to 3,000 sq ft of total living space thoughtfully configured with multiple self-contained living areas, ideal for owner-occupiers looking to offset carrying costs, or savvy investors seeking immediate cash flow. Features include a spacious eat-in kitchen, generous bedrooms, a private balcony, and a backyard that backs directly onto a park, a rare and highly desirable setting. Separate basement entrance adds flexibility and further income potential. Whether you live in the top unit and rent the rest, or maximize all units as a full investment property, the numbers work. Laneway suite potential adds significant future upside. Carpet free. 2 car parking. Opportunity like this in an AAA+ Little Italy location doesn't last.