$1,230,000

For saleJust listed

64 Gladstone Avenue, Toronto (Little Portugal) - Single Family for Sale

64 Gladstone Avenue, Toronto (Little Portugal), Ontario, M6J3K8

6 beds3 baths2 parking1,750 ft²20 × 120 ft (2,424 sq ft) lot sizeListed Today

Overview

This 6-bedroom, 3-bathroom home in Toronto is for sale offering roughly 1,750 sq ft of space. Listed at $1,230,000, it is attractively priced about 7% below the $1,325,000 median asking price in Toronto. It has been on the market 0 days, fresher than the Toronto average of 71 days.

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Description

Big on width, big on potential! Rare 20.17' x 120' lot in the heart of Little Portugal! Currently configured as three self-contained units, this property offers flexibility for homeowners and investors alike. Live in one unit and rent the other two, occupy the main and second floors while generating income from the basement, or bring the whole family under one roof. If you're looking to house hack and offset your mortgage with rental income, this is an opportunity worth exploring. Three kitchens, three bathrooms, generous room proportions, impressive ceiling heights and a finished basement apartment offer plenty of flexibility. A detached two-car garage with laneway access provides valuable parking and storage, with potential for a laneway suite. Add a spacious backyard and a west-facing deck off the second-floor kitchen, and there's room to enjoy both indoor and outdoor living. Welcome to Little Portugal! Just steps from Queen Street West and Dundas Street West, with restaurants, cafés, bars, boutiques, galleries and independent shops nearby. Convenient transit access makes getting around the city easy. Whether you're looking to get into the market, generate rental income or accommodate multi-generational living, this property offers several ways to make ownership work for you. (id:66096)

Property Details

MLS®: C14152576
Property Type: Single Family
Bedrooms: 6
Beds (above / below): 4 above · 2 below
Bathrooms: 3
Parking: 2
Interior Size: 1,750 ft²
Lot Size: 20 × 120 ft (2,424 sq ft)
Frontage: 20 ft
Storeys: 2
Basement: Apartment in basement, N/A
Heating: Forced air, Natural gas
Cooling: Central air conditioning
Garage: Detached Garage, Garage
Ownership: Freehold
Property Tax: $7,488/yr
Listed: Today

Rooms

Main level

Kitchen: 6.02 x 3 meters
Dining room: 6.02 x 3 meters
Living room: 3.79 x 3 meters
Bedroom: 4.78 x 3.81 meters
Bedroom: 3.82 x 3.81 meters

Lower level

Kitchen: 4.55 x 3.81 meters
Dining room: 4.55 x 3.81 meters
Living room: 4.55 x 3.81 meters
Bedroom: 4.78 x 3.81 meters
Bedroom: 3.38 x 2.66 meters

Features

Appliances: Washer, Refrigerator, Stove, Dryer, Hood Fan, Blinds, Window Coverings
Flooring: Concrete, Parquet, Ceramic, Wood
Foundation: Unknown
Exterior: Stone, Aluminum siding
Lot Features: Lane, Carpet Free

Services

Water: Municipal water
Sewer: Sanitary sewer

Features and services as supplied by the listing brokerage.

Market Timing

Days on market

Toronto (Little Portugal) listings, avg age

71d

Price / ft²

$703

List price

$1.23M

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 6-bed single family in Toronto (Little Portugal) has been listed for 0 days, which is 71 days fresher than the city average of 71. Act while there is still low competition.

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Listed by PSR · GIOVANNI MACRI

Location

Approximate location — exact address confirmed upon showing

Nearby Places

Area context

Neighbourhood profile (M6J)

This home lists at $1,230,000, about 13.7× the local median household income of $90,000.

Carrying it typically needs a household income of about $240,262 (20% down, 25-yr amortization, stress-tested) — roughly 167% above the area median.

Median household income: $90,000
Population: 32,111
Median age: 36.8
Owner / renter: 49% / 51%
Avg. household size: 2

Source: Statistics Canada, 2021 Census (FSA M6J)

$1,230,000· $703/ft²

For sale

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Full Cost Breakdown

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Current Rates

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Down Payment7.97% · $98,000.00

Min 7.97%50%

Mortgage payment$6,276/mo

↳ CMHC premium ($45,280 capitalized)

Property tax (est.)$624/mo

Total monthly$6,900

Cash Needed to Close

Down payment (7.97%)$98,000

Land transfer tax$42,150

Est. closing costs$6,190

Total cash needed$146,340

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