$1,950,000
Est. payment $8,634/moCalculate yours
197 De Grassi Street, Toronto, ON M4M 2K8
South Riverdale, Toronto, ON M4M 2K8
- 6 + 2 Beds
- 3 Baths
- 3,000 Sq Ft
Listing courtesy of URBAN REFORM REALTY INC. MLS® E13825302
About this home
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 facade 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.
Property details
Overview
- Property Type
- Detached
- Style
- 3-Storey
- For
- For Sale
- Status
- New
- Approximate Age
- 100+
- Size
- 3,000 sqft
Interior
- Bedrooms
- 6 + 2
- Bathrooms
- 3
- Kitchens
- 2
- Basement
- Unfinished
Building & Systems
- Heating
- Radiant (Gas)
- Cooling
- None
- Exterior
- Brick
- Foundation
- Brick, Concrete
- Roof
- Metal
- Water
- Municipal
- Sewer
- Sewer
Lot & Parking
- Lot Size
- 33.33 x 100.89 Feet
- Parking
- None garage
Financial
- Property Taxes
- $10,474 (2026)
Location
- Neighbourhood
- South Riverdale
- Cross Street
- De Grassi St and Gerard East St
- Direction Faces
- West
Listing
- MLS® Number
- E13825302
- Days on Market
- 25
- Listed On
- 2026-09-23
- Possession
- Property is currently vacant, so possession possible anytime.
- Listed By
- URBAN REFORM REALTY INC.
Rooms
Features
Interior
- Water Heater Owned
- Water Meter
Pool
- None
Mortgage calculator
Estimated mortgage payment
$8,634 per month
- Principal and interest
- $8,634
- Property tax
- $873
- Condo fees
- $0
- Estimated monthly cost
- $9,507
Your mortgage
- Mortgage amount
- $1,560,000
- Mortgage insurance
- Not needed
- Interest over 25 years
- $1,030,253
Cash to close
- Down payment
- $390,000
- Land transfer tax (Ontario + Toronto)
- $70,950
- First-time buyer refund
- $0
- Sales tax on insurance (8%)
- $0
- Total, before legal fees
- $460,950
With less than 20% down, a 30-year amortization is available to first-time buyers and buyers of newly built homes.
Talk to me about financingEstimates only, not a mortgage offer or financial advice. Uses the Canadian fixed-rate convention (interest compounded twice a year), 2026 mortgage insurance premiums and Ontario land transfer tax. Your lender will confirm your actual rate and payment.
Location
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