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South Riverdale, Toronto
$2,299,000
A rare opportunity to reimagine one of the area's most substantial period homes. Built in the early 1900s, 197 De Grassi Street is a grand three-storey residence brimming with original character, including rich wood panelling and millwork, decorative plaster ceilings, stained-glass accents, bay windows, hardwood floors and multiple striking fireplaces. Behind its classic brick façade lies a remarkably spacious interior with generous principal rooms, abundant natural light and exceptional potential throughout. A private, mature garden provides a leafy outdoor retreat in the heart of the city. Restore and renovate this impressive home into a luxurious family estate, preserving its irreplaceable architectural details while introducing contemporary comfort and design. Alternatively, explore its potential for conversion or redevelopment as a duplex or triplex - an exciting prospect for renovators, builders and investors seeking scale in a coveted Toronto neighbourhood. An extraordinary canvas with the size, character and versatility to become something truly special. Property is being sold as an estate sale and in its current condition. Buyers to conduct their own due diligence regarding zoning, permits, redevelopment and intended use.
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| Type | Detached |
| Style | 3-Storey |
| Approx. Age | 100+ |
| Size | 3000-3500 sq. ft. |
| Property Tax | $10,474 |
| Lot Size | 33.33 ft x 100.89 ft |
| mls© Number | E13664920 |
| Listed By | URBAN REFORM REALTY INC. |
Listing History
- No recent sale history for this listing.
- No recent lease history for this listing.
Schools
Could you afford this home?
What the bank counts
This home's actual carrying costs, payment stress-tested at 6%
- Mortgage, tested at 6%
- $11,767
- Property tax
- $873
- Heat allowance
- $150
- Housing costs
- $12,790 / mo
Lenders cap these at 39% of gross income — that sets the number.
Income needed
$394,000
gross annual household income
- Payment at 4%
- $9,675 / mo
- Cash down
- $459,800
Assumes no other monthly debts · 25-yr amortization
Full affordability checkInvestment Analysis
Estimated rent, cap rate and monthly cash flow for this property
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