345 Gladstone Avenue, Toronto, ON
Dufferin Grove, Toronto · MLS® C12941466
About this home
Discover a renovated, detached purpose-built 6-unit income property situated in the heart of one of Toronto's most high-demand rental pockets. This Victorian-style brick building seamlessly blends historic character-featuring original hardwoods, stained glass, and exposed brick-and-beam-with sleek, modern finishes. The versatile unit mix includes two expansive 2-bedroom suites on the second floor, two 1+1 bedroom units on the main floor, and two well-appointed 1-bedroom suites on the third and lower levels. Highlights include a stunning 3rd-floor unit with vaulted ceilings and an expansive private rooftop deck offering panoramic views. With large eat-in kitchens and unique layouts throughout, this is a "see it to believe it" asset designed for maximum rentability and long-term appreciation.
Key facts
- Property type
- Other, 3-Storey
- MLS®
- C12941466
- Bedrooms
- 7
- Bathrooms
- 6
- Size
- 2500-3000
- Cross streets
- College St. & Gladstone Ave.
- Parking
- 0 parking
- Driveway
- None
- Basement
- Apartment
- Heating
- Water
- A/C
- None
- Exterior
- Brick
- Foundation
- Concrete Block
- Roof
- Asphalt Shingle
- Sewer
- Sewer
- Property tax
- $9,533 / 2025
- Days on market
- 113
- Listing brokerage
- PROPERTY.CA INC.
Rooms
open concept · tile floor
large window · laminate
large window · laminate
renovated · large window · stainless steel appl
renovated · stainless steel appl · w/o to balcony
vaulted ceiling(s) · closet · window
bay window · open concept · laminate
renovated · open concept · stainless steel appl
Heads up: the asking price here sits well above what comparable listings suggest. That can point to premium finishes, a bigger lot, or simply an ambitious ask, so it is worth a close look before you offer. I would not put an automatic figure on this one. Tell me you are interested and I will pull the most comparable recent sales and give you a straight answer on what it will really take.
Ask Moe if this price is fairOn schools, this address is zoned for Brock Public School, one of the higher-rated public schools in the area. A strong catchment tends to hold value and widen your resale pool, especially with family buyers.
What the listing highlightsThese are claims from the listing. The only way to know for sure is to see it in person, and I am happy to book you a private showing.
- Renovated / rebuilt: recent work can mean fewer upfront costs, worth confirming the scope, quality, and that permits were pulled. Value driver
- Tall ceilings: they transform how a home feels, worth confirming the actual heights room to room. Worth verifying
- Hardwood floors: quality hardwood is durable and broadly desirable. Lifestyle
The closest active listings by size, beds, and price, so you can see what this home is up against.
The 3 closest active listings nearby.
See all comparable homesThis home lists 28% above the area average of $992/sqft.
On the market now.
View comparable listingsPrice per square foot vs the area average.
Neighbourhood & location
Dufferin Grove, Toronto, ON
Enter a workplace or destination and we’ll show the door-to-door time by car, transit and bike.
How asking prices compare in the closest areas to this home. Longer bars mean a pricier market.
Typical asking price of active listings of the same type, per area (outliers removed). Toronto.
Get the full neighbourhood report (schools, parks, transit & safety) →
The public and Catholic schools this address is zoned for, with EQAO results (the share of students meeting Ontario's provincial standard).
School attendance boundaries and EQAO results are Ontario government data and can change. Confirm the current catchment with the school board before relying on it.
Affordability & Mortgage
Income needed assumes a ~32% GDS ratio; weekly is mortgage principal & interest only. Price ÷ income is the home price over the income needed. Fixed reference assumptions so listings compare on equal footing, not a lending decision.
Calculate and customize your mortgage and other expenses
Adjust the down payment, rate, and amortization, and add property tax, condo fees, and heating to see your true monthly cost.
Your numbers
Homes over $1.5M can't be insured, so 20% down or more is required.
Conventional (20%+ down). Best insured 5-year fixed 3.99% via Ratehub.ca (as of July 23, 2026); conventional rates run a little higher.
Mortgage amount $2,799,200 · 4.14% over 25 years
Total monthly cost
- Mortgage payment (monthly equivalent)
- $14,938
- Property tax
- $794
- Condo / maintenance fees
- $0
- Heating
- $0
- Estimated monthly cost
- $15,732
Add your own property tax, condo fees, and heating on the left for a sharper total.
One-time closing costs
- Ontario land transfer tax
- $73,950
- Toronto municipal land transfer tax
- $78,940
- Estimated closing costs
- $152,890
Plus your down payment of $699,800. Legal fees, title insurance, and adjustments are extra and vary by deal.
Mortgage stress test
Lenders qualify you at the greater of your rate plus 2% or 5.25%. You do not pay this rate. It just shows you could still handle payments if rates rose, so aim to stay comfortable at this higher number.
Over the full 25 years
At the end of your 5-year term
- Total paid over the term
- $896,254
- Principal paid down
- $356,479
- Interest paid
- $539,775
- Balance remaining
- $2,442,721
Talk to Team Asgarian about your options
Rates and programs change often. We will connect you with a trusted mortgage professional and build a plan that fits your budget and goals.
Estimates only, not a mortgage quote or pre-approval. Figures use Canadian semi-annual compounding, current minimum down-payment rules, CMHC premium tiers, and Ontario (plus Toronto, when selected) land transfer tax. Actual rates, taxes, insurance, and closing costs vary by lender and property. Confirm every number with your mortgage professional.
Investor snapshot
Income potential: the basement has a separate entrance, which often supports a rentable in-law or second suite. That can lift real rent well above the figure above and help carry the mortgage. Ask us about permitted use in this area.
Thinking of this home as an investment? We will pull real comparable rents and run the full numbers with you.
Talk about the numbersEstimates only. Rent is modelled on above-grade size and local norms, so a finished basement or second suite (a separate entrance often means one) can push real rent well above this. Taxes, fees, and vacancy vary by property, and cap rate is before financing. A starting point, not a final number, let us run the real ones with you.
Helpful resources
All information deemed reliable but not guaranteed. For personal, non-commercial use only. Listing courtesy of PROPERTY.CA INC.. MLS®/PropTx.