$970,000

For saleJust listed

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2396 Gerrard Street East, Toronto (East End-Danforth) - Single Family for Sale

2396 Gerrard Street East, Toronto (East End-Danforth), Ontario, M4E2E1

2 beds1 bath parking

2398 Gerrard Street East, Toronto (East End-Danforth), Ontario, M4E2E1

3 bd3 ba4 pk900 ft²Lot size 14 × 171 ft (2,387 sq ft)

Listed by FOREST HILL REAL ESTATE INC.

7 Milk Bottle Lane, Toronto (East End-Danforth), Ontario, M4C0B5

For saleJust listed

2 days ago

$3.25M

7 Milk Bottle Lane, Toronto (East End-Danforth), Ontario, M4C0B5

3 bd5 ba2 pk4,250 ft²Lot size 31 × 160 ft (4,960 sq ft)

Listed by RE/MAX HALLMARK REALTY LTD.

95 Osborne Avenue, Toronto (East End-Danforth), Ontario, M4E3B1

For saleJust listed

3 days ago

$999K

95 Osborne Avenue, Toronto (East End-Danforth), Ontario, M4E3B1

3 bd1 ba1 pk900 ft²Lot size 18 × 95 ft (1,679 sq ft)

Listed by REMAX YOUR COMMUNITY REALTY

97 Oakcrest Avenue, Toronto (East End-Danforth), Ontario, M4C1B4

For sale

8 days ago

$1.20M

97 Oakcrest Avenue, Toronto (East End-Danforth), Ontario, M4C1B4

4 bd2 ba1 pk1,300 ft²Lot size 19 × 97 ft (1,795 sq ft)

Listed by BOSLEY REAL ESTATE LTD.

Investment analysis

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$970,000

Toronto

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16 × 170 ft (2,725 sq ft) lot size

Overview

This 2-bedroom, 1-bathroom home in Toronto is for sale offering roughly 1,300 sq ft of space. Listed at $970,000, it is attractively priced about 19% below the $1,199,000 median asking price in Toronto. It has been on the market 0 days, fresher than the Toronto average of 55 days.

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Description

In-place income. Build six storeys as of right, and build and sell laneway housing. Potential for 26 units in total. Opportunity to purchase together with the property next door. Buyer is responsible for conducting their own due diligence. Great School District W Adam Beck & Malvern... This Lovely Open Concept Upper Beach House Has It All. Close To All Kinds Of Shopping, Restaurants, Transportation, Parks, Trails & The Beach. Large Fenced In Garden That Is Perfect For Entertaining + On Site Parking. There Have Been Many Updates In Past 10 Years. The Basement Is High & Good Space To Work With If You Want To Finish. (id:66096)

Property Details

MLS®: E14155602
Property Type: Single Family
Bedrooms: 2
Beds (above / below): 2 above · 0 below
Bathrooms: 1
Parking: 1
Interior Size: 1,300 ft²
Lot Size: 16 × 170 ft (2,725 sq ft)
Frontage: 16 ft
Storeys: 2
Basement: Unfinished, N/A
Heating: Forced air, Natural gas
Cooling: Central air conditioning
Garage: No Garage
Ownership: Freehold
Property Tax: $3,295/yr
Listed: Today

Rooms

Main level

Living room: 6.02 x 4.57 meters
Dining room: 6.02 x 4.57 meters
Kitchen: 3.56 x 2.82 meters
Eating area: 2.87 x 2.44 meters

Second level

Primary Bedroom: 3 x 2.74 meters
Bedroom 2: 3.12 x 2.44 meters

Basement

Laundry room: 5.89 x 4.37 meters
Other: 3.51 x 2.79 meters

Room details as supplied by the listing brokerage. Dimensions are shown in the unit the listing states, and are approximate.

Features

Flooring: Hardwood
Foundation: Concrete
Exterior: Aluminum siding
Lot Features: Lane

Services

Water: Municipal water
Sewer: Sanitary sewer

Features and services as supplied by the listing brokerage.

Market Timing

Days on market

Toronto (East End-Danforth) listings, avg age

55d

Price / ft²

$746

List price

$970K

Homes here sell faster than most markets

Sold homes in this market spent an average of 33 days on the market over the past year, against a median of 48 days across the markets we publish.

Homes here sell below asking price

Homes in this market sold for an average of 94.6 percent of their asking price over the past year, below the 96.4 percent median across the markets we publish.

Haho

This 2-bed single family in Toronto (East End-Danforth) has been listed for 0 days, which is 55 days fresher than the city average of 55. Act while there is still low competition.

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Listed by UNITED REALTY OF CANADA · PAYAM AHANGAR

Location

Approximate location — exact address confirmed upon showing

Nearby Places

Area context

Neighbourhood profile (M4E)

This home lists at $970,000, about 8.7× the local median household income of $112,000.

Carrying it typically needs a household income of about $189,475 (20% down, 25-yr amortization, stress-tested) — roughly 69% above the area median.

Median household income: $112,000
Population: 25,473
Median age: 42.8
Owner / renter: 64% / 36%
Avg. household size: 2.3

Source: Statistics Canada, 2021 Census (FSA M4E)

$970,000· $746/ft²

For sale

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Full Cost Breakdown

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Down Payment7.42% · $72,000

Min 7.42%50%

Mortgage payment$4,979/mo

↳ CMHC premium ($35,920 capitalized)

Property tax (est.)$275/mo

Total monthly$5,253

Cash Needed to Close

Down payment (7.42%)$72,000

Land transfer tax$31,750

Est. closing costs$5,410

Total cash needed$109,160

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Rates via our partner mortgage brokers at iShopRates · Estimates only, not financial advice