128 Galt Avenue, Toronto, ON
South Riverdale, Toronto · MLS® E13059996
About this home
Don't Be Deceived by the Exterior.An exceptional Opportunities like this - combining location, laneway access, and future potential on a quiet, family-friendly dead-end street in the heart of vibrant South Riverdale are increasingly rare! This charming 2-storey home sits on a desirable lot with laneway access and offers exceptional potential for end-users, renovators, and savvy investors alike.Solidly built with great bones, this property offers a deceptively spacious interior that must be seen to be fully appreciated - ready for your vision whether you choose to renovate, redesign, or create your dream home over time.The functional layout is complemented by a private fenced backyard, rare rear laneway parking, a separate entrance to the basement, and two walk-outs from the main floor - providing both everyday convenience and excellent long-term flexibility and upside.Enjoy the best of East End living just steps to vibrant cafes, restaurants, and everyday conveniences along Gerrard Street East, and minutes to the dynamic energy of Leslieville. Surrounded by parks, schools, and community amenities, this location offers the perfect balance of urban convenience and neighbourhood charm.With easy access to downtown, the Gardiner Expressway, and the DVP, commuting is effortless.An exceptional opportunity to create, invest, and grow in one of Toronto's most sought-after east-end communities.Buyers are advised to conduct their own due diligence and inspections regarding the property's condition.Property sold in "As is, Where is" condition with no representations or warranties as per Seller's instruction.
Key facts
- Property type
- Detached, 2-Storey
- MLS®
- E13059996
- Bedrooms
- 6 (5 + 1)
- Bathrooms
- 3
- Size
- 1100-1500
- Lot
- 20 × 100 ft
- Cross streets
- Gerrard/Pape
- Parking
- 1 garage (none)
- Driveway
- None
- Basement
- Finished, Separate Entrance
- Heating
- Forced Air
- A/C
- None
- Exterior
- Aluminum Siding, Brick
- Foundation
- Other
- Roof
- Asphalt Shingle
- Sewer
- Sewer
- Property tax
- $6,131 / 2025
- Days on market
- 79
- Listing brokerage
- GOLDEN LIFE REALTY LTD.
Rooms
ceramic floor · open concept · combined w/kitchen
hardwood floor · large closet · bay window
window · window
ceramic floor · eat-in kitchen · updated
hardwood floor · window
hardwood floor · window
hardwood floor · closet · w/o to patio
hardwood floor · window
ceramic floor · above grade window
hardwood floor · closet · window
Listed at $999,800, this home is tracking about 19% below a wider set of listings, though close matches were thin, so it is worth confirming with a precise CMA rather than reading it as a clear deal. 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 $1.42M, a bit higher. The comparable range is wide here, so treat this as a rough read until I run a full CMA.
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 $1.09M
- Bedrooms +$90K
- Bathrooms +$15K
- Adjusts to $1.19M
That comparable adjusts to $1.19M; the $1.24M 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.
Its public catchment (Blake Street Junior Public School) tests around the provincial average, a steady, family-friendly draw. The full EQAO breakdown is below.
On location, this is a very walkable address with everyday errands close by. Jones Ave at Myrtle Ave South Side is about a 1-minute walk away. Walkable, transit-friendly spots tend to hold value and widen your resale pool.
Total price vs nearby homes. Fair value about $1.24M, 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.
- Separate entrance / basement suite: rental or in-law income potential, if it is legally registered and retrofit-compliant.
- Renovated / rebuilt: recent work can mean fewer upfront costs, worth confirming the scope, quality, and that permits were pulled.
- Sold as-is / needs work: budget for renovation, the price should reflect the condition.
- Income potential
- Value driver
- Weigh carefully
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 25% below the area average of $1,026/sqft.
78 days longer than the Toronto average (1 days).
View comparable listingsPrice per square foot vs the area average.
Neighbourhood & location
South Riverdale, 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: Jones Ave at Myrtle Ave South Side, about 118 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
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 $799,840 · 4.14% over 25 years
Total monthly cost
- Mortgage payment (monthly equivalent)
- $4,268
- Property tax
- $511
- Condo / maintenance fees
- $0
- Heating
- $0
- Estimated monthly cost
- $4,779
Add your own property tax, condo fees, and heating on the left for a sharper total.
One-time closing costs
- Ontario land transfer tax
- $16,471
- Toronto municipal land transfer tax
- $16,471
- Estimated closing costs
- $32,942
Plus your down payment of $199,960. 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
- $256,095
- Principal paid down
- $101,860
- Interest paid
- $154,235
- Balance remaining
- $697,980
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 GOLDEN LIFE REALTY LTD.. MLS®/PropTx.