$679,000

$699,000For salePrice drop↓ $20,000 (3%)

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

2 bd1 ba1 pk1,300 ft²Lot size 16 × 170 ft (2,725 sq ft)

Listed by UNITED REALTY OF CANADA

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

For saleJust listed

Yesterday

$830K

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

3 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

Investment analysis

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$679,000

Toronto

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2461 Gerrard Street East, Toronto (East End-Danforth) - Single Family for Sale

2461 Gerrard Street East, Toronto (East End-Danforth), Ontario, M4E2G3

3 beds2 baths0 parking1,300 ft²18 × 100 ft (1,770 sq ft) lot sizeListed 162 days ago

Overview

This 3-bedroom, 2-bathroom home in Toronto is for sale offering roughly 1,300 sq ft of space.

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Description

Attention investors, contractors, and visionaries. This freehold, two-storey semi-detached residential property at 2461 Gerrard St E offers a prime renovation opportunity in Toronto. The interior layout includes three bedrooms and two full bathrooms. The structure sits on a regular lot with a frontage of 17.67 feet and a depth of 100 feet. The basement is unfinished and ripe for a transformation with an existing full bathroom. Exterior features include a mutual shared driveway and a detached garage. The location is uber-convenient with Loblaws and Victoria Crossing (Freshco, Tim Hortons, and Play it Again Sports) close-by. The Walk/bike/transit score is enviable at 90/75/70. A quick trip down Victoria Park Ave lands you in the Eastern end of the Beaches neighbourhood. Offers Anytime. (id:66096)

Property Details

MLS®: E13211586
Property Type: Single Family
Bedrooms: 3
Beds (above / below): 3 above · 0 below
Bathrooms: 2
Parking: 0
Interior Size: 1,300 ft²
Lot Size: 18 × 100 ft (1,770 sq ft)
Frontage: 18 ft
Storeys: 2
Basement: Unfinished, N/A
Heating: Forced air, Natural gas
Cooling: None
Garage: Detached Garage, No Garage
Ownership: Freehold
Property Tax: $3,596.99/yr
Listed: 162 days ago

Rooms

Main level

Sunroom: 4.11 x 1.95 meters
Living room: 4.15 x 2.75 meters
Dining room: 4.15 x 3.08 meters
Kitchen: 3.9 x 2.88 meters

Upper Level

Bedroom: 4.03 x 3.5 meters
Bedroom: 3.54 x 2.49 meters
Bedroom: 4.09 x 2.69 meters

Lower level

Other: 11.41 x 3.85 meters

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

Features

Appliances: All, Window Coverings
Foundation: Concrete
Exterior: Aluminum siding

Services

Water: Municipal water
Sewer: Sanitary sewer

Features and services as supplied by the listing brokerage.

Market Timing

Days on market

162d

Toronto (East End-Danforth) listings, avg age

56d

Price / ft²

$522

List price

$679K

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 3-bed single family in Toronto (East End-Danforth) is available now. Want me to connect you with the agent or keep you posted on any price updates?

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Listed by ONE PERCENT REALTY LTD. · SANDRA MIFSUD

Location

Approximate location — exact address confirmed upon showing

Nearby Places

Area context

Neighbourhood profile (M4E)

This home lists at $679,000, about 6.1× the local median household income of $112,000.

Carrying it typically needs a household income of about $132,632 (20% down, 25-yr amortization, stress-tested) — roughly 18% 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)

$679,000· $522/ft²

For sale

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Full Cost Breakdown

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Down Payment6.32% · $42,900

Min 6.32%50%

Mortgage payment$3,527/mo

↳ CMHC premium ($25,444 capitalized)

Property tax (est.)$300/mo

Total monthly$3,826

Cash Needed to Close

Down payment (6.32%)$42,900

Land transfer tax$20,110

Est. closing costs$4,537

Total cash needed$67,547

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