2nd Floor-263 Grace Street, Toronto, ON
Palmerston-Little Italy, Toronto · MLS® C13015226
About this home
Luxury 2-Story Victorian Flat | Private Deck & Skyline Views | 1,250 Total Sq Ft - Experience the best of Little Italy in this sprawling 3-bedroom, 2-level home on prestigious Grace Street. This character-filled Victorian conversion offers an expansive 1,143 sq ft interior featuring 9-foot ceilings, original wood millwork, and a sun-drenched layout. Perfect for professional roommates or those needing dedicated home office space. The Highlight: A massive 100+ sq ft private sun deck featuring a panoramic view of the Toronto Skyline. Fully equipped for summer with a Weber propane BBQ and premium outdoor furniture included for tenant use. Modern amenities include updated eat-in kitchen with gas range, stainless steel appliances, updated cabinetry, quartz countertop and moveable island. Heat & Water Included. Hydro is extra. Onsite laundry available for a flat, unlimited-use fee. Prime Location with a 97 Walk Score. Steps to College St, Bickford Park, and the 506 Streetcar. Available June 1. Live where charm meets convenience with a skyline view!
Key facts
- Property type
- Semi-Detached, 2 1/2 Storey
- MLS®
- C13015226
- Bedrooms
- 3
- Bathrooms
- 1
- Size
- 1100-1500
- Lot
- < .50 ac
- Cross streets
- Grace Street and College Street
- Parking
- 0 parking
- Driveway
- None
- Basement
- None
- Heating
- Baseboard
- A/C
- Central Air
- Exterior
- Brick, Shingle
- Foundation
- Concrete Block
- Roof
- Asphalt Rolled, Asphalt Shingle
- Sewer
- None
- Days on market
- 96
- Listing brokerage
- ROYAL LEPAGE REAL ESTATE SERVICES LTD.
Rooms
laminate · bay window · closet
ceramic floor · eat-in kitchen · quartz counter
laminate · closet · window
laminate · closet · window
laminate · closet · window
ceramic floor · 4 pc bath · ceramic sink
Listed at $4,100/mo, this rental is within the range of comparable rentals, on the higher side. The number above is my independent estimate of value, not the asking price.
In Palmerston-Little Italy lately, landlords have been getting about 99% of asking and homes lease in about 28 days.
There were not many closely comparable homes right in Palmerston-Little Italy, so I widened the search to the surrounding area.
Based on 80 similar rentals that recently leased nearby, adjusted for size, beds, and baths.Median of 80 recently leased comparable homes — actual closing prices, not asks — adjusted for size, beds, and baths.
How I got there
Here is the exact math behind the estimate. I start from the closest comparable listing and adjust for the real differences (size, beds, baths) to land on a like-for-like value for this home.
- Closest comparable, leased for $4,600/mo
- Bathrooms −$100/mo
- Adjusts to $4,500/mo
That comparable adjusts to $4,500/mo; the $3,806/mo estimate above is the median of all 80 comparables, which is steadier than any single home.This estimate is grounded in actual lease prices from the last 15 months, not asking prices. Condition, finishes, and exact inclusions are still my in-person call.
Its public catchment (Clinton Street Junior Public School) tests around the provincial average, a steady, family-friendly draw. The full EQAO breakdown is below.
Total price vs nearby homes. Fair value about $3,806/mo, median of 80 comparables.
What the listing highlightsThese are claims from the listing. The only way to know for sure is to see it in person, and I am happy to book you a private showing.
- Transit / schools nearby: convenience and resale support, verify the exact distances and school catchment. Value driver
- Currently tenanted: confirm the lease terms and vacant-possession timing before closing. Worth verifying
The closest active listings by size, beds, and price, so you can see what this home is up against.
The 3 closest active listings nearby.
See all comparable homes91 days longer than the Toronto average (5 days).
View comparable listingsNot enough sq ft data to place this home on the area price curve.
Neighbourhood & location
Palmerston-Little Italy, Toronto, ON
Enter a workplace or destination and we’ll show the door-to-door time by car, transit and bike.
How asking prices compare in the closest areas to this home. Longer bars mean a pricier market.
Typical asking price of active listings of the same type, per area (outliers removed). Toronto.
Get the full neighbourhood report (schools, parks, transit & safety) →
The public and Catholic schools this address is zoned for, with EQAO results (the share of students meeting Ontario's provincial standard).
School attendance boundaries and EQAO results are Ontario government data and can change. Confirm the current catchment with the school board before relying on it.
Affordability & Mortgage
Income needed assumes a ~32% GDS ratio; weekly is mortgage principal & interest only. Price ÷ income is the home price over the income needed. Fixed reference assumptions so listings compare on equal footing, not a lending decision.
Calculate and customize your mortgage and other expenses
Adjust the down payment, rate, and amortization, and add property tax, condo fees, and heating to see your true monthly cost.
Your numbers
Conventional (20%+ down). Best insured 5-year fixed 3.99% via Ratehub.ca (as of July 23, 2026); conventional rates run a little higher.
Mortgage amount $3,280 · 4.14% over 25 years
Total monthly cost
- Mortgage payment (monthly equivalent)
- $18
- Property tax
- $3
- Condo / maintenance fees
- $0
- Heating
- $0
- Estimated monthly cost
- $20
Add your own property tax, condo fees, and heating on the left for a sharper total.
One-time closing costs
- Ontario land transfer tax
- $21
- Toronto municipal land transfer tax
- $21
- Estimated closing costs
- $41
Plus your down payment of $820. Legal fees, title insurance, and adjustments are extra and vary by deal.
Mortgage stress test
Lenders qualify you at the greater of your rate plus 2% or 5.25%. You do not pay this rate. It just shows you could still handle payments if rates rose, so aim to stay comfortable at this higher number.
Over the full 25 years
At the end of your 5-year term
- Total paid over the term
- $1,050
- Principal paid down
- $418
- Interest paid
- $632
- Balance remaining
- $2,862
Talk to Team Asgarian about your options
Rates and programs change often. We will connect you with a trusted mortgage professional and build a plan that fits your budget and goals.
Estimates only, not a mortgage quote or pre-approval. Figures use Canadian semi-annual compounding, current minimum down-payment rules, CMHC premium tiers, and Ontario (plus Toronto, when selected) land transfer tax. Actual rates, taxes, insurance, and closing costs vary by lender and property. Confirm every number with your mortgage professional.
Helpful resources
All information deemed reliable but not guaranteed. For personal, non-commercial use only. Listing courtesy of ROYAL LEPAGE REAL ESTATE SERVICES LTD.. MLS®/PropTx.