248 Gowan Avenue, Toronto, ON
Danforth Village-East York, Toronto · MLS® E13122974
About this home
In short
- Experience the perfect blend of space and sophistication in this stunning detached residence, ideally situated just steps from the Danforth and Pape Subway Station.
- This expansive home boasts four large bedrooms and four bathrooms, complemented by a versatile two bedroom basement suite featuring its own kitchen, living area, and...
- The heart of the home is a gourmet eat in kitchen finished with premium granite countertops, which leads into an inviting living space anchored by a cozy gas...
- Designed for those who love to host, the property sits on a premium lot featuring a built in garage and a total of five parking spaces, offering a seamless transition...
Experience the perfect blend of space and sophistication in this stunning detached residence, ideally situated just steps from the Danforth and Pape Subway Station. This expansive home boasts four large bedrooms and four bathrooms, complemented by a versatile two bedroom basement suite featuring its own kitchen, living area, and separate entrance, perfect for in-laws or extended family. The heart of the home is a gourmet eat in kitchen finished with premium granite countertops, which leads into an inviting living space anchored by a cozy gas fireplace and warm oak wood floors throughout. Designed for those who love to host, the property sits on a premium lot featuring a built in garage and a total of five parking spaces, offering a seamless transition to outdoor living with a magnificent two tiered patio deck and a large, private backyard perfect for summer entertaining. Disclosure: Property Pictures have been A.I Virtually Staged for illustration Purposes Only.
Key facts
- Property type
- Detached, 2-Storey
- MLS®
- E13122974
- Bedrooms
- 4+2 (6 total)
- Bathrooms
- 4 (1 half)
- Size
- 2000-2500 sq ft
- Lot
- 25 × 150 ft
- Cross streets
- Cosburn Ave & Donlands Ave
- Parking
- 1 garage · 5 parking (built-in)
- Driveway
- Private
- Basement
- Apartment, Separate Entrance, Finished with Walk-Out
- Kitchens
- 2 (1 + 1)
- Heating
- Forced Air
- A/C
- Central Air
- Exterior
- Brick
- Foundation
- Unknown
- Roof
- Unknown
- Sewer
- Sewer
- Property tax
- $7,307 / 2026
- Days on market
- 159
- Listing brokerage
- ROYAL LEPAGE SIGNATURE REALTY
Rooms
Listed at $1,499,999. Going by how homes in Danforth Village-East York and the wider GTA have actually closed against their asking prices (about 99%, 31 local closings in 90 days), the likely sale price is near $1.48M, if it sells. A realistic range is $1.39M to $1.67M.
Independent value check: $1.58M. Without looking at the asking price, our model values the home itself about 5% above the ask (homes like it typically land between $1.48M and $1.65M).
Why $1.58M. The typical detached home sold in Danforth Village-East York over the past year went for about $1.24M (109 sales). What sets this one apart:
- ▲ Raises it stronglyIts tax bill, which follows the city's own assessment, is $7,307 a year; the typical home sold here pays about $5,500.
- ▲ Raises it stronglyIt is 2,000 to 2,500 sq ft; the typical home sold here is 1,100 to 1,500.
- ▲ Raises it4+2 bedrooms and 4 baths, against 3+1 and 2 typically.
Total price vs nearby homes. Likely closing about $1.48M, from 31 recent closings in this pocket.
The market behind the math:
About 0.5 months of inventory: 5 detached homes for sale in the area against 31 closings in the last 90 days. Under two months favours sellers, over four favours buyers.
Price per square foot: this home lists at $667/sqft against an area asking average of $870/sqft.
- Walk-out basement apartment features. A finished 2 bed walk-out basement apartment with a separate entrance and a second kitchen. A self-contained space for extended family, guests or potential income. Basements do rent in Danforth Village-East York: 38 of the 145 detached leases here lately were basement units, around $1,700 a month. That makes the suite real income. Second-suite retrofit status is not verified. A buyer intending to rent should confirm requirements with the City of Toronto.
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 31 most comparable recent sales on their own, adjusted for size, beds, baths and lot, point to about $1.52M. Condition and finishes remain an in-person call.
What the listing highlights3 points to weigh
Claims from the listing, worth confirming in person. I can book you a private showing.
- Separate entrance / basement suite: rental or in-law income potential, if it is legally registered and retrofit-compliant. Income potential
- Upscale kitchen: a genuine value driver, verify the appliances, stone, and finishes in person. Value driver
- Premium lot / gardens: lot size and privacy hold value and cannot be changed, verify frontage, depth, and any easements. Value driver
Schools & getting aroundcatchment and transit
The assigned public school is Westwood Middle 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 Danforth Village-East York, so I widened the search to the surrounding area.
Based on 31 comparable homes that sold in Danforth Village-East York over the past two years, from 216 closings there.
The closest active listings by size, beds, and price, so you can see what this home is up against.
Per square foot, these ask about $877/sqft; this home lists at $667/sqft. Size is part of the price story, not just the sticker.
The 4 closest active listings nearby.
See all comparable homesSold price trend
Median sold price for detached homes in Danforth Village-East York: $1.23M in September 2026, level with a year ago, on 101 closings in 10 months.
Line: median sold price, each month averaged with its neighbours and weighted by closings. Bars: closings that month.
Month by month
| Month | Median sold | Closings |
|---|---|---|
| October 2025 | $1.39M | 9 |
| December 2025 | $863K | 6 |
| February 2026 | $1.25M | 10 |
| March 2026 | $1.25M | 11 |
| April 2026 | $1.35M | 11 |
| May 2026 | $1.28M | 16 |
| June 2026 | $1.42M | 9 |
| July 2026 | $1.20M | 11 |
| August 2026 | $1.10M | 10 |
| September 2026 | $1.23M | 8 |
Neighbourhood & location
Danforth Village-East York, 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.
Also nearby: 12 more schools within 2.5 km
Not the assigned catchment: schools a family here could reach, with EQAO results where published.
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 4.34% via Ratehub.ca (as of October 20, 2026); conventional rates run a little higher.
Mortgage amount $1,199,999 · 4.49% over 25 years
Total monthly cost
- Mortgage payment (monthly equivalent)
- $6,635
- Property tax
- $609
- Condo / maintenance fees
- $0
- Heating
- $0
- Estimated monthly cost
- $7,244
Add your own property tax, condo fees, and heating on the left for a sharper total.
One-time closing costs
- Ontario land transfer tax
- $26,475
- Toronto municipal land transfer tax
- $26,475
- Estimated closing costs
- $52,950
Plus your down payment of $300,000. 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
- $398,100
- Principal paid down
- $146,618
- Interest paid
- $251,482
- Balance remaining
- $1,053,381
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
The suite is real income here: basements rent in Danforth Village-East York (38 of 145 recent detached leases were basement units, around $1,700 a month). The figure above is the whole house on one lease; rented as two units, the suite alone brings about $1,700 a month on top of the upper floors. Permitted use is worth confirming with the city.
Thinking of this home as an investment? We will pull real comparable rents and run the full numbers with you.
Talk about the numbersThe last 6 whole-home leases in Danforth Village-East York signed at a median of $6,725 a month; adjusted to this home for size, beds and baths, and for where rents stood the month each signed, that is $7,243. 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.
Helpful resources
All information deemed reliable but not guaranteed. For personal, non-commercial use only. Listing courtesy of ROYAL LEPAGE SIGNATURE REALTY. MLS®/PropTx.