13 Gilead Place, Toronto, ON

Moss Park, Toronto · MLS® C13120706

$1,850,000
For Sale
Listed 159 days agoNo offer date statedSitting longer than typical
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3Bedrooms
3Bathrooms
1Garage · 2 parking
1500-2000Sq ft

About this home

In short

  • Set on one of Corktown's most desirable streets, 13 Gilead Place offers a rare opportunity to own a freehold townhouse in the heart of Toronto's Lower East Side.
  • The open-concept main floor is ideal for both entertaining and daily living, featuring soaring 13-foot ceilings and floor-to-ceiling windows that bathe the space in...
  • Upstairs, the primary bedroom offers a calm retreat with 10-foot ceilings and a spa-inspired ensuite.
  • Heated floors throughout all bathrooms and the finished lower level elevate everyday comfort.
  • From here, step onto the private rooftop patio - a rare urban oasis with a gas BBQ, greenery, and impressive city views.

Set on one of Corktown's most desirable streets, 13 Gilead Place offers a rare opportunity to own a freehold townhouse in the heart of Toronto's Lower East Side. Just steps to the Distillery District, St. Lawrence Market, the Financial District, and the upcoming Ontario Line Corktown Station, this location delivers unmatched urban convenience with a strong sense of community. Designed by architect Brian Kucharski, the home blends modern architecture with thoughtful functionality. The open-concept main floor is ideal for both entertaining and daily living, featuring soaring 13-foot ceilings and floor-to-ceiling windows that bathe the space in natural light. The seamless transition between living and dining areas creates an inviting and sophisticated atmosphere.Upstairs, the primary bedroom offers a calm retreat with 10-foot ceilings and a spa-inspired ensuite. The second bedroom includes custom cabinetry and a built-in Murphy bed, making it both stylish and versatile. Heated floors throughout all bathrooms and the finished lower level elevate everyday comfort.The upper level provides a flexible space that can easily serve as a home office, gym, or additional bedroom. From here, step onto the private rooftop patio - a rare urban oasis with a gas BBQ, greenery, and impressive city views. Oversized 1 car garage with extra parking in laneway. This is a home that perfectly balances design, comfort, and location - ideal for those seeking an elevated downtown lifestyle.

Key facts

Property type
Townhouse, 3-Storey
MLS®
C13120706
Bedrooms
3
Bathrooms
3 (1 half)
Size
1500-2000 sq ft
Lot
16.18 × 42.55 ft
Cross streets
Gilead Pl / King St E
Parking
1 garage · 2 parking (attached)
Basement
Finished
Heating
Forced Air
A/C
Central Air
Exterior
Brick
Foundation
Concrete
Roof
Flat
Sewer
Sewer
Property tax
$8,385 / 2025
Days on market
159
Listing brokerage
SUTTON GROUP - SUMMIT REALTY INC.

Rooms

KitchenMain4.72 × 3.11 m
Primary BedroomSecond4.06 × 3.88 m
BathroomSecond2.74 × 2.56 m
OfficeThird5.12 × 3.41 m
OfficeThird5.12 × 3.41 m
Bedroom 3Lower4.49 × 2.83 m
Dining RoomMain4.49 × 2.77 m
BathroomThird2.55 × 1.44 m
Living RoomMain4.49 × 3.89 m
Bedroom 2Second4.49 × 2.93 m
Our TakeTeam Asgarian · Broker
A small discount is typical
$1.80Mlikely sale price

Listed at $1,850,000. Going by how homes in Moss Park and the wider GTA have actually closed against their asking prices (about 97%, 5 local closings in 90 days), the likely sale price is near $1.80M, if it sells. A realistic range is $1.68M to $2.03M.

Independent value check: no figure for this home. Going only by the sales record, our model lands more than 25% below the ask. At that distance an automated figure has rarely been close to the eventual sale price, so we are not printing one. The usual reason is something the record cannot show: a rebuild, a second unit, or a lot or setting unlike the homes around it.

Longer on the market than typical. 159 days on the market against about 45 for homes like it here, and asking 47% above where comparable closings put it.

List price
$1.68MBelow recent closings$2.03MAbove recent closings

Total price vs nearby homes. Likely closing about $1.80M, from 5 recent closings in this pocket.

The market behind the math:

5sold nearby · 90 days
$800Kmedian sold price
97%of asking, on average
−22%prices vs a year ago
~17 dayshomes like this take to sell
159days on market so far
$4,006/moest. rent · 13 leases
2.6%gross yield on the ask
Balanced market
Buyer's marketSeller's market

About 3 months of inventory: 5 townhouse homes for sale in the area against 5 closings in the last 90 days. Under two months favours sellers, over four favours buyers.

This home
Below area avgAbove area avg

Price per square foot: this home lists at $1,057/sqft against an area asking average of $802/sqft.

How this estimate is builtthe short version

This figure comes from a model built on about 44,000 recent GTA sales. It weighs this home’s tax assessment, size, age, location and features against what homes like it actually sold for, including sales in this neighbourhood.

It never sees the asking price. The 5 most comparable recent sales on their own, adjusted for size, beds, baths and lot, point to about $1.10M. Condition and finishes remain an in-person call.

What the listing highlights4 points to weigh

Claims from the listing, worth confirming in person. I can book you a private showing.

  • Heated floors: comfort and a premium-finish signal. Lifestyle
  • Tall ceilings: they transform how a home feels, worth confirming the actual heights room to room. Worth verifying
  • Open-concept layout: modern, sought-after flow. Lifestyle
  • Sold as-is / needs work: budget for renovation, the price should reflect the condition. Weigh carefully
Schools & getting aroundcatchment and transit

The assigned public school is Inglenook Community School. EQAO is only one input, and families here also look at French Immersion, boundary, and private options, the full breakdown is below.

Read this with carewhy it’s an estimate, not an appraisal

There were not many closely comparable homes right in Moss Park, so I widened the search to the surrounding area.

Based on 5 comparable homes that sold in Moss Park over the past two years, from 49 closings there.

What sellers nearby are askingCurrently listed nearby · asking prices
$1.38Mavg asking

Nothing closely matching this home is listed nearby right now, so these are the nearest townhouse listings on the market. Homes like this one have recently closed around $1.45M, which is where my estimate comes from.

Per square foot, these ask about $786/sqft; this home lists at $1,057/sqft. Size is part of the price story, not just the sticker.

The 3 closest active listings nearby.

See all comparable homes
1.85MThis home1.54M1.59M998kThis home vs active comparables

Sold price trend

Median sold price for townhouses in Toronto: $1.06M in September 2026, down 3% from a year ago, on 900 closings in 12 months.

Oct 25Sep 26

Line: median sold price, each month averaged with its neighbours and weighted by closings. Bars: closings that month. Toronto as a whole: the neighbourhood alone has too few closings for a line of its own.

Month by month
MonthMedian soldClosings
October 2025$1.05M84
November 2025$1.04M75
December 2025$1.05M55
January 2026$1.04M38
February 2026$1.17M53
March 2026$1.09M86
April 2026$1.22M95
May 2026$1.10M88
June 2026$1.05M97
July 2026$960K91
August 2026$995K47
September 2026$1.06M91

Neighbourhood & location

Moss Park, Toronto, ON

CommuteTime from this home to where you spend your day

Enter a workplace or destination and we’ll show the door-to-door time by car, transit and bike.

Nearby neighbourhoods

How asking prices compare in the closest areas to this home. Longer bars mean a pricier market.

Cabbagetown-South St. James Town
$1.55M
South Riverdale
$1.49M
Playter Estates-Danforth
$1.35M
Palmerston-Little Italy
$1.30M
Dovercourt-Wallace Emerson-Junction
$987K

Typical asking price of active listings of the same type, per area (outliers removed). Toronto.

Get the full neighbourhood report (schools, parks, transit & safety) →

Schools & catchmentAssigned attendance-boundary schools, with EQAO results

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.

Street view near Nelson Mandela Park Public School
47%
Nelson Mandela Park Public SchoolPublic · Elementary · 0.5 km awayBelow the GTA average · 47% meet the provincial standard
Also nearby: 12 more schools within 2.5 km
Market Lane Junior and Senior Public School · Public elementary0.5 km · 74% at standard
Lord Dufferin Junior and Senior Public School · Public elementary1.0 km · 55% at standard
St Michael Catholic School · Catholic elementary1.0 km · 67% at standard
Downtown Alternative School · Public elementary1.0 km
Sprucecourt Junior Public School · Public elementary1.2 km · 59% at standard
Queen Alexandra Middle School · Public elementary1.2 km · 71% at standard
SEED Alternative School · Public secondary1.3 km
Dundas Junior Public School · Public elementary1.3 km · 59% at standard
St Michael's Choir (Jr) School · Catholic elementary1.4 km · 98% at standard
St Michael's Choir (Sr) School · Catholic secondary1.4 km · 98% at standard
St Martin Catholic School (St.Martin) · Catholic secondary1.6 km
Winchester Junior and Senior Public School · Public elementary1.6 km · 76% at standard

Not the assigned catchment: schools a family here could reach, with EQAO results where published.

Affordability & Mortgage

Affordability
$8,432/mo
$346KIncome needed
5.3×Price ÷ income
$1,946Weekly cost
$66,950Land transfer tax, one-time (Ontario + Toronto)
20% down4.79%25-yr amortization

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.

92%mortgage
Mortgage $8,432Property tax $699Total carry $9,130

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

$
20.0%
$
%

Homes over $1.5M can't be insured, so 20% down or more is required.

4.49%
%
Live rate from Ratehub.ca

Conventional (20%+ down). Best insured 5-year fixed 4.34% via Ratehub.ca (as of October 19, 2026); conventional rates run a little higher.

years
years (your rate-locked period)
$8,183per month

Mortgage amount $1,480,000 · 4.49% over 25 years

$370,000Down payment (20.0%)
$1,480,000Loan before insurance
$0CMHC premium
$8,882Total monthly cost

Total monthly cost

Mortgage payment (monthly equivalent)
$8,183
Property tax
$699
Condo / maintenance fees
$0
Heating
$0
Estimated monthly cost
$8,882

Add your own property tax, condo fees, and heating on the left for a sharper total.

One-time closing costs

Ontario land transfer tax
$33,475
Toronto municipal land transfer tax
$33,475
Estimated closing costs
$66,950

Plus your down payment of $370,000. Legal fees, title insurance, and adjustments are extra and vary by deal.

Mortgage stress test

6.49%Qualifying rate
$9,904/monthPayment at the qualifying rate

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

$974,952Total interest paid
$2,454,952Total of all payments
Principal $1,480,000 Interest $974,952
YearPrincipalInterestBalance
1$33,027$65,171$1,446,973
2$34,527$63,671$1,412,446
3$36,095$62,104$1,376,351
4$37,733$60,465$1,338,618
5$39,447$58,751$1,299,171
6$41,238$56,960$1,257,934
7$43,110$55,088$1,214,824
8$45,067$53,131$1,169,756
9$47,114$51,084$1,122,643
10$49,253$48,945$1,073,390
11$51,489$46,709$1,021,901
12$53,827$44,371$968,074
13$56,271$41,927$911,803
14$58,826$39,372$852,978
15$61,497$36,701$791,481
16$64,289$33,909$727,192
17$67,208$30,990$659,984
18$70,259$27,939$589,725
19$73,449$24,749$516,276
20$76,784$21,414$439,491
21$80,271$17,928$359,221
22$83,915$14,283$275,306
23$87,725$10,473$187,581
24$91,708$6,490$95,872
25$95,872$2,326$0

At the end of your 5-year term

Total paid over the term
$490,990
Principal paid down
$180,829
Interest paid
$310,162
Balance remaining
$1,299,171

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.

Let's connect

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

Rental yield
From 13 whole-home leases in Moss Park$4,006/mo
$48,072Gross annual rent
1.8%Cap rate after taxes and upkeep
$3,805 to $4,268Typical rent range
~37 daysTo find a tenant, on average

Thinking of this home as an investment? We will pull real comparable rents and run the full numbers with you.

Talk about the numbers

The last 13 whole-home leases in Moss Park signed at a median of $3,423 a month; adjusted to this home for size, beds and baths, and for where rents stood the month each signed, that is $4,006. The gross yield above is on the asking price, before taxes and upkeep; the cap rate is after them. A finished basement or second suite can push real rent above it. Taxes, fees, and vacancy vary by property, and cap rate is before financing.

2.6%
Gross yield
− Property tax $8,385− Insurance $1,400− Vacancy & upkeep $5,288Net operating income $32,999

All information deemed reliable but not guaranteed. For personal, non-commercial use only. Listing courtesy of SUTTON GROUP - SUMMIT REALTY INC.. MLS®/PropTx.

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