53 Gormley Avenue, Toronto, ON
Yonge-St. Clair, Toronto · MLS® C13463048
About this home
A charming front porch welcomes you to 53 Gormley Avenue! This inviting family home is located in the much-admired Deer Park enclave with ideal proximity to the best of both public and private schools. Located on a quiet tree-lined street close to the picturesque Kay Gardner Beltline Trail, this home uniquely offers both a convenient family lifestyle as well as the option to enjoy the vibrant Yonge and St Clair area with upscale dining and shopping only steps away. The living room, featuring a bay window overlooking the front garden, flows to the dining room, creating a comfortable open concept main floor. The bright kitchen with undermount lighting, stainless steel appliances, and granite countertops has sliding doors leading to a beautiful back yard deck and garden perfect for outside entertaining. The primary suite with a 3-piece ensuite, along with two additional bedrooms and a 4-piece bath, occupies the second floor. The third floor boasts a large picture window, vaulted ceiling, and 3-piece bath, making it an ideal private fourth bedroom. Or this bright open space could be the perfect family room for gathering, movie nights, or a quiet work space. The options are yours! A side entrance leads either up to the main floor or down to the finished lower level with above-grade windows, a spacious laundry room, a playroom, and a wellness space, as well as a 3-piece bath. Walk through the fenced-in yard to the two-car garage that is easily navigated through the accessible laneway or enjoy the ease of public transit nearby. This midtown home is a must-see!
Key facts
- Property type
- Detached, 2 1/2 Storey
- MLS®
- C13463048
- Bedrooms
- 4
- Bathrooms
- 4
- Size
- 1100-1500
- Lot
- 25 × 122 ft
- Cross streets
- Yonge St & St. Clair Ave W
- Parking
- 2 garage (detached)
- Driveway
- Mutual
- Basement
- Separate Entrance
- Heating
- Forced Air
- A/C
- Central Air
- Exterior
- Brick
- Foundation
- Concrete Block
- Roof
- Asphalt Shingle
- Sewer
- Sewer
- Property tax
- $11,274 / 2025
- Days on market
- 29
- Listing brokerage
- CHESTNUT PARK REAL ESTATE LIMITED
Rooms
granite counters · stainless steel appl · custom backsplash
combined w/living · sliding doors · w/o to deck
3 pc bath · above grade window · tile floor
3 pc ensuite · walk-in closet(s) · hardwood floor
double closet · ceiling fan(s) · hardwood floor
ceiling fan(s) · large window · overlooks backyard
bay window · fireplace · hardwood floor
vaulted ceiling(s) · 3 pc ensuite · hardwood floor
tile floor · stainless steel sink · sump pump
Listed at $2,359,000, this home is within the range of a wider set of listings, but with few close matches nearby, so worth confirming with a precise CMA. The number above is my independent estimate of value, not the asking price.
There are only a few closely comparable homes right here, so this is a broad read from wider listings in the area. Ask me for a precise CMA before relying on it.
Based on 7 similar homes nearby, adjusted for size, beds, and baths.Median of 7 comparable active listings, adjusted for size, beds, and baths. The city (MPAC) assessment points to about $2.69M, higher than the comparables and worth a second look.
How I got there
Here is the exact math behind the estimate. I start from the closest comparable listing and adjust for the real differences (size, beds, baths) to land on a like-for-like value for this home.
- Closest comparable, listed at $2.49M
- Bedrooms +$30K
- Bathrooms +$30K
- Adjusts to $2.55M
That comparable adjusts to $2.55M; the $1.97M estimate above is the median of all 7 comparables, which is steadier than any single home.This uses comparable active listings, not sold prices. Lot, condition, and finishes are my in-person call, and I can run a full CMA with recent solds.
On schools, this address is zoned for North Toronto Collegiate Institute, 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.
On location, this is a very walkable address with everyday errands close by. Oriole Pkwy at Gormley Ave is about a 2-minute walk away. Walkable, transit-friendly spots tend to hold value and widen your resale pool.
Total price vs nearby homes. Fair value about $1.97M, median of 7 comparables.
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.
- Tall ceilings: they transform how a home feels, worth confirming the actual heights room to room.
- Primary suite: a key comfort and resale feature.
- Open-concept layout: modern, sought-after flow.
- Worth verifying
- Lifestyle
The closest active listings by size, beds, and price, so you can see what this home is up against.
The 5 closest of 8 active listings nearby.
See all comparable homesThis home lists 24% above the area average of $1,460/sqft.
28 days longer than the Toronto average (1 days).
View comparable listingsPrice per square foot vs the area average.
Neighbourhood & location
Yonge-St. Clair, Toronto, ON
Enter a workplace or destination and we’ll show the door-to-door time by car, transit and bike.
Getting around
Very WalkableA walkability read built from the amenities around this home: how close the nearest transit stop is, and how many grocery, dining, park, and pharmacy destinations fall within a 15-minute walk. It is a guide, not a guarantee. Places data from Google.
Most daily errands can be done on foot.
🚉 Nearest transit: Oriole Pkwy at Gormley Ave, about 172 m away
Within a 15-minute (1.5 km) walk.
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 17, 2026); conventional rates run a little higher.
Mortgage amount $1,887,200 · 4.14% over 25 years
Total monthly cost
- Mortgage payment (monthly equivalent)
- $10,071
- Property tax
- $940
- Condo / maintenance fees
- $0
- Heating
- $0
- Estimated monthly cost
- $11,010
Add your own property tax, condo fees, and heating on the left for a sharper total.
One-time closing costs
- Ontario land transfer tax
- $45,450
- Toronto municipal land transfer tax
- $45,450
- Estimated closing costs
- $90,900
Plus your down payment of $471,800. 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
- $604,248
- Principal paid down
- $240,335
- Interest paid
- $363,913
- Balance remaining
- $1,646,865
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 CHESTNUT PARK REAL ESTATE LIMITED. MLS®/PropTx.