Listed for:Listed 22 days ago
$1,950,000

197 De Grassi Street

Toronto (South Riverdale), ON M4M 2K8

Detached House For Sale
Down Payment AssistanceGet Best Mortgage Rates

Sale & Price History for 197 De Grassi Street, Toronto, South Riverdale

No listing history available

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About 197 De Grassi Street, Toronto, South Riverdale

Summarized Description

  • Historic period home with original character.
  • Spacious interior with abundant natural light.
  • Private mature garden in city center.
  • Potential for luxury renovation or redevelopment.
  • Irreplaceable architectural details throughout.
  • Exciting opportunity for builders and investors.
  • Located in a coveted Toronto neighbourhood.
  • Property sold as-is, estate sale condition.

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.

Key Facts & Features

Property Costs

Annual Property Tax Amount
$10,474
Land Transfer Tax Fee
$70,950

Basement Type
Unfinished

Interior Features

Laundry Level
Lower Level
Interior Extras
Water Heater Owned, Water Meter
Fireplace/Stove
Yes
Fireplace Features
Family Room, Living Room, Wood
Elevator
No

Exterior Features

Pool
None

Building

Building Type
Detached
Building Style
3-Storey
Approx Age
100+

Construction

Exterior Finish
Brick
Roof
Metal
Foundation Details
Brick, Concrete
Special Designation
Unknown

Lot

Lot Front
33.33 ft
Lot Depth
100.89 ft

Parking & Garages

Garage Type
None
Garage Spaces
0
Parking Spaces
0
Total Garage And Parking Spaces
0

Heating & Cooling

Heat Source
Gas
Heat Type
Radiant
Air Conditioning
None
Water
Municipal
Sewers
Sewer
Natural Gas
Yes
Hydro
Yes
Cable
Yes
Telephone
Yes

Bedrooms
6 + 2
Washrooms
3
Kitchens
2
Family / bonus room
Yes

Room sizes

  • Sunroom—
    Second level, Hardwood Floor
  • Bedroom—
    Third level
  • Dining Room—
    Ground level, Fireplace, Hardwood Floor
  • Bathroom—
    Third level
  • Bedroom—
    Second level, Bay Window, Hardwood Floor
  • Bedroom 2—
    Second level, Bay Window
  • Foyer—
    Ground level, Closet, Staircase, Hardwood Floor
  • Bedroom 3—
    Second level, Hardwood Floor
  • Bedroom 4—
    Third level
  • Living Room—
    Ground level, Bay Window, Fireplace, Hardwood Floor
  • Kitchen—
    Ground level
  • Kitchen—
    Third level
  • Family Room—
    Second level, Fireplace, Hardwood Floor
  • Bedroom 5—
    Third level
  • Bathroom—
    Second level
  • Pantry—
    Ground level

Washrooms

  • 3-piece, Second
  • 3-piece, Third
  • 3-piece, Lower

Municipality
Toronto
Neighbourhood
South Riverdale
Main cross streets
De Grassi St and Gerard East St
Directions
South east of De Grassi St and Gerard St East
Waterfront
None

MLS® number
E13825302
Data source
Toronto Regional Real Estate Board
Listed on
2026-09-23
Updated on
2026-09-24
Days on market
22 days
Possession date
2026-10-01
Possession type
30-59 days
Co-op commission
2.5%
Seller
Listed by
URBAN REFORM REALTY INC.

Home Market Value

Current home valuation for 197 De Grassi Street, Toronto, South Riverdale, Toronto, ON. Listed for $1,950,000

HOMEH Estimate

?

$2,204,724

Estimated Sales Range

?

$1,322,834 - $3,086,614

HOMEH Estimate for 197 De Grassi Street, Toronto, South Riverdale

Calculated with a real agent's CMA method — 45+ years of experience, codified. Not an AI guess.

$2,204,724Low confidence
Based on 4 comparable properties
− $254,724 (12%) below our estimate — Good deal!
See the full analysisFree Every recent nearby sale behind this number

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Mortgage Payment Calculator

Compare up to 4 down payment scenarios

$
Toronto, ON
Minimum Down Payment Required:20.0%

20% required for homes $1.5M or more

Minimum down payment

$390,000

Scenario 1 Scenario 2 Scenario 3 Scenario 4
−Down payment
%
$
%
$
%
$
%
$
+CMHC insurance
$0$0$0$0
=Total mortgage
$1,560,000$1,462,500$1,365,000$1,267,500
Amortization
Mortgage rate
%
%
%
%
Payment frequency
=Mortgage payment
$7,617monthly$7,141monthly$6,665monthly$6,189monthly
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Land Transfer Tax

Provincial

$35,475

Municipal (Toronto)

$35,475

Total Land Transfer Tax

$70,950

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