2461 Gerrard Street, Toronto, ON
East End-Danforth, Toronto · MLS® E13211586
About this home
In short
- Attention investors, contractors, and visionaries.
- This freehold, two-storey semi-detached residential property at 2461 Gerrard St E offers a prime renovation opportunity in Toronto.
- The structure sits on a regular lot with a frontage of 17.67 feet and a depth of 100 feet.
- The Walk/bike/transit score is enviable at 90/75/70.
Attention investors, contractors, and visionaries. This freehold, two-storey semi-detached residential property at 2461 Gerrard St E offers a prime renovation opportunity in Toronto. The interior layout includes three bedrooms and two full bathrooms. The structure sits on a regular lot with a frontage of 17.67 feet and a depth of 100 feet. The basement is unfinished and ripe for a transformation with an existing full bathroom. Exterior features include a mutual shared driveway and a detached garage. The location is uber-convenient with Loblaws and Victoria Crossing (Freshco, Tim Hortons, and Play it Again Sports) close-by. The Walk/bike/transit score is enviable at 90/75/70. A quick trip down Victoria Park Ave lands you in the Eastern end of the Beaches neighbourhood. Offers Anytime.
Key facts
- Property type
- Semi-Detached, 2-Storey
- MLS®
- E13211586
- Bedrooms
- 3
- Bathrooms
- 2
- Size
- 1100-1500 sq ft
- Lot
- 17.67 × 100 ft
- Cross streets
- Gerrard St E + Victoria Park Ave
- Parking
- 0 parking
- Basement
- Unfinished
- Heating
- Forced Air
- A/C
- None
- Exterior
- Aluminum Siding
- Foundation
- Concrete
- Roof
- Asphalt Shingle, Unknown
- Sewer
- Sewer
- Property tax
- $3,597 / 2025
- Days on market
- 144
- Listing brokerage
- ONE PERCENT REALTY LTD.
Rooms
Listed at $679,000. Going by how homes in East End-Danforth and the wider GTA have actually closed against their asking prices (about 103%, 22 local closings in 90 days), the likely sale price is near $699K, if it sells. A realistic range is $655K to $788K.
Independent value check: $726K. Without looking at the asking price, our model values the home itself about 7% above the ask (homes like it typically land between $680K and $761K).
Why $726K. The typical semi-detached home sold in East End-Danforth over the past year went for about $1.17M (74 sales). What sets this one apart:
- ▼ Lowers it stronglyIts tax bill, which follows the city's own assessment, is $3,597 a year; the typical home sold here pays about $5,000.
- ▼ Lowers it stronglyThe listing presents it as a home to renovate or rebuild.
- ▼ Lowers it0 garage and 0 total parking spaces, against 1 and 1 typically.
Offers are accepted anytime, so there is no bidding date to plan around.
Total price vs nearby homes. Likely closing about $699K, from 22 recent closings in this pocket.
The market behind the math:
About 0.8 months of inventory: 6 semi-detached homes for sale in the area against 22 closings in the last 90 days. Under two months favours sellers, over four favours buyers.
Price per square foot: this home lists at $522/sqft against an area asking average of $779/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 22 most comparable recent sales on their own, adjusted for size, beds, baths and lot, point to about $818K. Condition and finishes remain an in-person call.
What the listing highlights1 point to weigh
Claims from the listing, worth confirming in person. I can 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
Schools & getting aroundcatchment and transit
Its public catchment (Malvern Collegiate Institute) tests around the provincial average, a steady, family-friendly draw. The full EQAO breakdown is below.
Based on 7 homes sold on this street over the past two years, from 156 closings in East End-Danforth.
Nothing closely matching this home is listed nearby right now, so these are the nearest semi-detached listings on the market. Homes like this one have recently closed around $726K, which is where my estimate comes from.
Per square foot, these ask about $726/sqft; this home lists at $522/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 semi-detached homes in East End-Danforth: $1.18M in September 2026, up 9% from a year ago, on 65 closings in 8 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 | $1.05M | 7 |
| November 2025 | $1.06M | 8 |
| April 2026 | $1.03M | 6 |
| May 2026 | $1.20M | 9 |
| June 2026 | $1.13M | 14 |
| July 2026 | $1.21M | 8 |
| August 2026 | $1.12M | 5 |
| September 2026 | $1.18M | 8 |
Neighbourhood & location
East End-Danforth, 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 19, 2026); conventional rates run a little higher.
Mortgage amount $543,200 · 4.49% over 25 years
Total monthly cost
- Mortgage payment (monthly equivalent)
- $3,003
- Property tax
- $300
- Condo / maintenance fees
- $0
- Heating
- $0
- Estimated monthly cost
- $3,303
Add your own property tax, condo fees, and heating on the left for a sharper total.
One-time closing costs
- Ontario land transfer tax
- $10,055
- Toronto municipal land transfer tax
- $10,055
- Estimated closing costs
- $20,110
Plus your down payment of $135,800. 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
- $180,207
- Principal paid down
- $66,369
- Interest paid
- $113,838
- Balance remaining
- $476,831
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
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 26 whole-home leases in East End-Danforth signed at a median of $3,841 a month; adjusted to this home for size, beds and baths, and for where rents stood the month each signed, that is $3,765. 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 ONE PERCENT REALTY LTD.. MLS®/PropTx.