Welcome to 263 Grace Street, a beautifully renovated 1+1 bedroom lower apartment situated in the heart of Toronto's highly sought-after Little Italy neighbourhood, just steps from trendy College Street. Offering over 700 square feet of stylish and functional living space, this residence serves as the ideal condo alternative, seamlessly combining modern interior design with the rare luxury of a private outdoor retreat. Inside, a bright and spacious open-concept layout unfolds, highlighted by crisp pot lighting, durable luxury vinyl plank flooring, sleek ceramic tile, and custom built-ins that maximize space and style. The chef-inspired kitchen is designed for both everyday cooking and casual hosting, featuring a large eat-in island, extensive cabinetry, and full-sized stainless steel appliances, including a gas stove, dishwasher, slim microwave range hood, and fridge. Year-round comfort is maintained effortlessly with central air conditioning. The well-proportioned primary bedroom provides a quiet, comfortable sanctuary, while the separate den offers essential flexibility for a dedicated home office, guest room, or creative studio. A fully updated four-piece bathroom completes the interior with contemporary fixtures and clean, modern finishes. Extending the living space outdoors, the property features an exceptional shared backyard oasis-a rare find for rentals in the area-complete with distinct dining and lounge areas alongside a propane barbecue, perfect for outdoor dining and entertaining. Additional features include convenient on-site shared laundry. This unbeatable urban location is situated just steps from College Street. You are surrounded by Toronto's finest dining, cafes, boutiques, and transitoptions, offering an effortless commute to the downtown core. Available Nov 1 for $2,250/month plus hydro. Garage parking available for an extra fee.
Lease Term:
12 Months
Lease Agreement:
Yes
Property Portion Lease:
Basement
Payment Frequency:
Monthly
Property Type:
Residential Freehold
Property Sub Type:
Semi-Detached
Home Style:
2 1/2 Storey
Approx. Age:
100+
Total Approx Floor Area:
1500-2000
Lot Size:
<.50
Lot Depth:
105'32 m
Lot Frontage:
19'6"5.94 m
Lot Shape:
Rectangular
Topography:
Dry, Flat, Level
Direction Faces:
West
Bedrooms:
1+1
Bathrooms:
1.0
Water supply:
Municipal
Kitchens:
1
Bedrooms Above Grade:
1
Bedrooms Below Grade:
1
Kitchens Above Grade:
1
Rooms Above Grade:
3
Heating type:
Forced Air
Heating Fuel:
Gas
Foundation:
Concrete Block
Roof:
Asphalt Rolled, Asphalt Shingle
Basement:
Apartment
Fireplace/Stove:
No
Garage:
Detached
Garage Spaces:
0.0
Parking Features:
None
Parking Spaces:
0
Total Parking Spaces:
0.0
Family Room:
No
Pool:
None
Payment Method:
Other
Security Deposit Required:
Yes
References Required:
Yes
Rental Application Required:
Yes
Credit Check:
Yes
Employment Letter:
Yes
Assessment:
$- /
-
Toronto
Toronto C01
Palmerston-Little Italy
Fenced Yard, Library, Park, Place Of Worship, Public Transit, Ravine
Data was last updated September 24, 2026 at 06:15 AM (UTC)
Area Statistics
Listings on market:
14
Avg list price:
$1,720,000
Min list price:
$788,000
Max list price:
$7,799,000
Avg days on market:
8
Min days on market:
1
Max days on market:
290
These statistics are generated based on the current listing's property type
and located in
Palmerston-Little Italy. Average values are
derived using median calculations. This data is not produced by
the MLS® system.
This website may only be used by consumers that have a bona fide interest in the purchase, sale, or lease of real estate of the type being offered via the website.
The data relating to real estate on this website comes in part from the MLS® Reciprocity program of the PropTx MLS®. The data is deemed reliable but is not guaranteed to be accurate.