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29 GRACE STREET
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Beds
7
Baths
5 full + 1 half
Sqft
—
Year
—
Type
Single Family
On market
42d
Welcome to 29 Grace Street - a beautifully renovated 2.5-storey home in the heart of Trinity Bellwoods, offering exceptional space, style, and flexibility for modern family living. Thoughtfully updated while preserving its original charm, the main home features brand new windows, wide-plank white oak engineered floors, and a custom kitchen with stainless steel appliances, generous cabinetry, and a dedicated dining area that flows into a bright living room with fireplace. The second floor offers three spacious bedrooms, an updated main bath, and a large laundry area with space for a creative workspace or homework zone. The third floor is a true bonus retreat with sleek 3-piece bath, flexible living space, home office, and potential fourth bedroom/teen retreat! A standout feature is the home's incredible flexibility. The legal lower-level suite offers a beautifully finished, self-contained space with 8-foot ceilings, two bedrooms, two bathrooms, a full kitchen, stainless steel appliances, and in-suite laundry. Ideal for rental income or easily reintegrated into the main home for a rec room, guest suite, gym, office, or extended family living. At the rear, a custom-built laneway suite adds even more value, featuring one bedroom, open-concept living/dining, in-suite laundry, skylight, rooftop space, and parking for two. Perfect for guests, family, workspace, or additional income. Enjoy a private backyard oasis just steps to Trinity Bellwoods Park, Queen West, Little Italy, shops, cafés, restaurants, and transit. With major updates including roof, furnace, A/C, tankless water heater, and laneway suite, 29 Grace is a rare turnkey opportunity in one of Toronto's most vibrant communities. (id:65958)
Lower level
| Room | Dimensions | Features |
|---|---|---|
| Kitchen | 2.67 × 2.9 meters | |
| Bedroom | 3.53 × 2.13 meters | |
| Bedroom 2 | 3.96 × 2.13 meters | |
| Furnace | 2.62 × 1.22 meters | |
| Living room | 3.35 × 3.05 meters |
Main level
| Room | Dimensions | Features |
|---|---|---|
| Living room | 4.29 × 378 meters | |
| Dining room | 4.88 × 3.2 meters | |
| Kitchen | 4.37 × 2.74 meters |
Flat
| Room | Dimensions | Features |
|---|---|---|
| Living room | 3.12 × 3.23 meters | |
| Kitchen | 2.34 × 3.23 meters | |
| Bedroom | 2.82 × 2.82 meters |
Second level
| Room | Dimensions | Features |
|---|---|---|
| Primary Bedroom | 3.51 × 3.15 meters | |
| Bedroom 2 | 4.19 × 3.2 meters | |
| Bedroom 3 | 2.62 × 2.77 meters | |
| Laundry room | 2.59 × 2.79 meters |
Third level
| Room | Dimensions | Features |
|---|---|---|
| Bedroom 4 | 3.73 × 3.89 meters | |
| Office | 2.13 × 3.89 meters |
10-item due-diligence checklist. We can pre-flight most of these for you on a CMA call.
Comparable sales
Ask for 3–5 recent solds within ~1 km and the same beds/baths so the list price has context.
Property condition
Roof age, furnace age, hot-water tank age, electrical panel size, windows. Cosmetic vs structural.
Zoning
Confirm zoning matches your intent (single-family vs duplex vs secondary suite vs commercial).
Suite legality / potential
If suited or being marketed as suited: confirm permits, separate entrance, ceiling height, egress windows.
Monthly carrying cost
Mortgage + property tax + insurance + condo fee (if any) + utilities. Compare to your max budget.
Property taxes
Confirm the annual tax amount on the current assessment — and whether a reassessment is pending.
Insurance estimate
Get a same-day quote. Older homes, knob-and-tube wiring, polybutylene plumbing, flood plains all change the number.
Commute
Drive it (or transit it) at the actual time of day you'd commute. Map ETA lies during peak hours.
Deposit and financing conditions
Deposit size, financing condition window, condition removal date, possession date — all negotiable.
Inspection considerations
Budget for a home inspector ($500–700) and any specialty inspections (sewer scope, mould, asbestos for pre-1990 builds).
Cash on cash
-0.59%
Cap rate
4.75%
GRM
13.9
Break-even rent
$13,427
Financing
Operating expenses (monthly)
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Approximation only. Actual cash flow depends on financing terms, condition reports, current market rents, property tax assessment, condo fees, and tenant quality. Defaults: 4.5% rate, 30-year amortization, 5% vacancy, 1%/yr maintenance, 0.5%/yr CapEx reserve, $80/mo insurance. Property tax estimated at 0.55%/yr where not provided. Talk to a mortgage broker before relying on these numbers.
Rough ballpark only. Pick a down-payment option, then tap any underlined number below to plug in your real numbers — tax, condo fee, insurance, utilities. Total updates live. Confirm with a mortgage broker before writing an offer.
Cost lines (tax, condo, insurance, utilities) are editable inline above. These two control the mortgage payment math.
Approximation only. CMHC default insurance is included when down payment is under 20%. Property tax and condo fees come from MLS when listed and may not reflect the current billing year. Suite rental income depends on permits, market rent, and vacancy — confirm with a property manager. Always validate your scenario with a mortgage broker and your insurance provider before writing an offer.
We'll reply by text within a few hours. Comparable sales, condition flags, things worth checking — sent before you book a showing.
Listing brokerage
Listing brokerage on file
Listing data via CREA DDF®. Information is deemed reliable but not guaranteed accurate by CREA. Last updated May 12, 2026.
Nearby school, halal, mosque, grocery, park, and transit layers are still being built for Toronto (Trinity-Bellwoods). The listing facts above are live; the neighborhood-intelligence layer needs POI coverage before it can score this address properly.
Buyer-fit signals
Derived from listing data and nearby-amenity proximity. Verify anything that matters to your decision — distances are approximate.