114 De Grassi Street, Toronto, ON
South Riverdale, Toronto · MLS® E13530804
About this home
Rare opportunity to own a well-maintained triplex with three legal parking spaces in the heart of Leslieville, one of Toronto's most sought-after east-end neighbourhoods. Situated on a quiet residential street, this income-generating property offers a compelling blend of character, flexibility, and long-term investment potential.This classic Toronto property features three self-contained residential units, providing multiple revenue streams and exceptional versatility for investors, owner-occupiers, or multi-generational families. Each suite offers bright, functional living spaces with excellent natural light and independent living accommodations. The property is ideally positioned just steps from Queen Street East's vibrant collection of cafés, restaurants, boutiques, and local amenities. Residents enjoy easy access to public transit, parks, schools, and the downtown core, making this a highly desirable location with strong rental demand. Highlights include: Three self-contained residential units with parking and ensuite laundry for each. Strong income potential with opportunity for future rental growth. Highly desirable Leslieville location. Walkable neighbourhood close to shops, dining, and transit.Flexible ownership options for investors or owner-occupiers. Excellent long-term appreciation potential in a premier Toronto neighbourhood.Whether you're looking to expand your investment portfolio, live in one unit while generating rental income from the others, or secure a valuable asset in a thriving community, 114 De Grassi Street presents an outstanding opportunity. A rare offering in one of Toronto's most dynamic neighbourhoods. Don't miss your chance to own this exceptional Leslieville triplex! Some photos have been virtually staged. **Open House July 11 and 12th 2:00 to 4:00 p.m.** **Ensuite laundry in each unit**
Key facts
- Property type
- Other, 2-Storey
- MLS®
- E13530804
- Bedrooms
- 7 (5 + 2)
- Bathrooms
- 3
- Size
- 1500-2000
- Lot
- 16.87 × 100 ft
- Cross streets
- Queen and Broadview
- Parking
- 3 parking
- Driveway
- Private
- Basement
- Apartment
- Kitchens
- 3 (2 + 1)
- Heating
- Forced Air
- A/C
- Central Air
- Exterior
- Stucco (Plaster)
- Foundation
- Concrete
- Roof
- Tar and Gravel
- Sewer
- Sewer
- Property tax
- $7,624 / 2025
- Days on market
- 17
- Listing brokerage
- THE WEIR TEAM, BROKERAGE INC.
Rooms
hardwood floor · closet · large window
ceramic floor · large window · open concept
hardwood floor · open concept
ceramic floor · open concept · combined w/dining
hardwood floor · large window
hardwood floor · large window · closet
ceramic floor · open concept
hardwood floor · open concept
hardwood floor · open concept · combined w/dining
hardwood floor · open concept · combined w/living
ceramic floor · open concept · combined w/kitchen
ceramic floor · closet
hardwood floor · closet · window
hardwood floor · window · closet
ceramic floor · window · closet
stainless steel coun · tile floor · large window
hardwood floor · window · closet
Listed at $1,500,000, and my independent estimate is within the range of a wider set of listings, but with few close matches nearby, so worth confirming with a precise CMA.
In South Riverdale lately, sellers get about 106% of asking; homes sell in ~19 days.
Total price vs nearby homes. Fair value about $1.74M, median of 5 comparables.
How this estimate is builtthe short version
I take the 5 most comparable recent listings nearby and adjust each one to this home for the real differences (size, beds, baths, garage, and standout features), then use the median, which is steadier than leaning on any single listing.
It’s grounded in comparable active listings. Lot, condition, and finishes are my in-person call, and the city (MPAC) assessment points to about $1.71M, a close match.
What the listing highlights1 point to weigh
Claims from the listing, worth confirming in person. I can book you a private showing.
- Transit / schools nearby: convenience and resale support, verify the exact distances and school catchment. Value driver
Schools & getting aroundcatchment and transit
The assigned public school is Queen Alexandra Middle School. EQAO is only one input, and families here also look at French Immersion, boundary, and private options, the full breakdown is below.
Read this with carewhy it’s an estimate, not an appraisal
This listing did not confirm square footage, so I compared on beds, baths, and location instead of size. Confirm the size to sharpen this.
There are only a few closely comparable homes right here, so this is a broad read from wider listings in the area. Ask me for a precise CMA before relying on it.
Based on 5 comparable homes nearby.
The closest active listings by size, beds, and price, so you can see what this home is up against.
The 4 closest active listings nearby.
See all comparable homesOn the market now.
View comparable listingsPrice per square foot vs the area average.
Neighbourhood & location
South Riverdale, 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 24, 2026); conventional rates run a little higher.
Mortgage amount $1,200,000 · 4.14% over 25 years
Total monthly cost
- Mortgage payment (monthly equivalent)
- $6,404
- Property tax
- $635
- Condo / maintenance fees
- $0
- Heating
- $0
- Estimated monthly cost
- $7,039
Add your own property tax, condo fees, and heating on the left for a sharper total.
One-time closing costs
- Ontario land transfer tax
- $26,475
- Toronto municipal land transfer tax
- $26,475
- Estimated closing costs
- $52,950
Plus your down payment of $300,000. 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
- $384,219
- Principal paid down
- $152,820
- Interest paid
- $231,398
- Balance remaining
- $1,047,180
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.
Investor snapshot
Income potential: the basement has a separate entrance, which often supports a rentable in-law or second suite. That can lift real rent well above the figure above and help carry the mortgage. Ask us about permitted use in this area.
Thinking of this home as an investment? We will pull real comparable rents and run the full numbers with you.
Talk about the numbersEstimates only. Rent is modelled on above-grade size and local norms, so a finished basement or second suite (a separate entrance often means one) can push real rent well above this. Taxes, fees, and vacancy vary by property, and cap rate is before financing. A starting point, not a final number, let us run the real ones with you.
Helpful resources
All information deemed reliable but not guaranteed. For personal, non-commercial use only. Listing courtesy of THE WEIR TEAM, BROKERAGE INC.. MLS®/PropTx.