208 Gainsborough Road, Toronto, ON
Woodbine Corridor, Toronto · MLS® E13243456
About this home
A MUST SEE! A GEM IN THE UPPER-BEACHES! Welcome to 208 Gainsborough Rd, a stunning, fully renovated (2026) 2.5-storey home offering 5+1 bedrooms and 5.5 bathrooms with a legal front yard parking, and a finished basement with a separate entrance, located in one of Toronto's most vibrant east end neighbourhoods. Situated on a rare 147 ft extra deep lot, this property offers incredible outdoor space and potential for a garden suite (subject to city approval). Thoughtfully redesigned with high-end finishes, the home blends luxury with functionality and includes the rare convenience of legal front-yard parking. Step onto the large covered front porch with modern glass railings before entering the bright, semi-open-concept main floor. The living room features an elegant fireplace mantel, flowing into a sleek eat-in kitchen with a quartz centre island and countertops, premium new appliances and cabinetry. The spacious dining room, complete with a cozy fireplace, features wall-to-wall sliding doors that open to a massive, private, landscaped backyard with fruit trees and berries. A convenient powder room completes this level. The upper levels offer five generous bedrooms, three of them offering their own en-suites. The third-floor primary retreat has a private terrace, a 5-piece ensuite, and a walk-in closet, plus a second-floor bedroom with its own Juliet balcony. The finished basement provides a versatile rec room, an additional bedroom, a full bathroom, and a wet bar, perfect for an extended family or a home office. Located in a prime, family-friendly community, you are steps from top-rated schools like Bowmore Public School, ÉÉC Georges-Étienne-Cartier, and Monarch Park Collegiate. Enjoy immediate access to local parks, including Monark Park, Williamson and Fairmount Park, and a short stroll to the shops of Gerrard Street, Woodbine Park, and The Beaches. This home offers the perfect blend of urban convenience and residential tranquility.
Key facts
- Property type
- Detached, 2 1/2 Storey
- MLS®
- E13243456
- Bedrooms
- 6 (5 + 1)
- Bathrooms
- 6 (1 half)
- Size
- 1500-2000
- Lot
- 25 × 147 ft
- Cross streets
- Coxwell Ave & Gerrard St. E
- Parking
- 1 parking
- Driveway
- Front Yard Parking
- Basement
- Finished, Separate Entrance
- Heating
- Forced Air
- A/C
- Central Air
- Exterior
- Brick, Aluminum Siding
- Foundation
- Unknown
- Roof
- Asphalt Shingle
- Sewer
- Sewer
- Property tax
- $7,598 / 2026
- Days on market
- 48
- Listing brokerage
- RE/MAX HALLMARK REALTY LTD.
Rooms
large window · pot lights · hardwood floor
fireplace insert · walk-out · overlooks backyard
juliette balcony · b/i closet · hardwood floor
above grade window · pot lights
w/o to terrace · 5 pc ensuite · pot lights
hardwood floor · pot lights · window
pot lights · wet bar
centre island · b/i appliances · quartz counter
4 pc ensuite · b/i closet · overlooks backyard
3 pc ensuite · b/i closet · overlooks backyard
Listed at $2,050,000, and my independent estimate is within the range of comparable homes, on the higher side.
In Woodbine Corridor lately, sellers get about 106% of asking; homes sell in ~15 days.
Total price vs nearby homes. Fair value about $1.89M, median of 21 comparables.
How this estimate is builtthe short version
I take the 21 most comparable recent sales nearby and adjust each one to this home for the real differences (size, beds, baths, garage, and standout features), then use the median, which is steadier than leaning on any single sale.
It’s grounded in recent closing prices, not asking prices. Lot, condition, and finishes are my in-person call, and the city (MPAC) assessment points to about $1.65M, a bit lower.
What the listing highlights5 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
- Finished basement: added living space, worth checking ceiling height and that the work was permitted. Value driver
- Renovated / rebuilt: recent work can mean fewer upfront costs, worth confirming the scope, quality, and that permits were pulled. Value driver
- Open-concept layout: modern, sought-after flow. Lifestyle
- Garden / laneway suite potential: extra-unit upside, but confirm zoning and feasibility with the city. Worth verifying
Schools & getting aroundcatchment and transit
The assigned public school is Bowmore Road Junior and Senior Public 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 Woodbine Corridor, so I widened the search to the surrounding area.
Based on 21 comparable homes that recently sold nearby.
The closest active listings by size, beds, and price, so you can see what this home is up against.
The 5 closest active listings nearby.
See all comparable homesThis home lists 8% above the area average of $1,082/sqft.
47 days longer than the Toronto average (1 days).
View comparable listingsPrice per square foot vs the area average.
Neighbourhood & location
Woodbine Corridor, 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.
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 23, 2026); conventional rates run a little higher.
Mortgage amount $1,640,000 · 4.14% over 25 years
Total monthly cost
- Mortgage payment (monthly equivalent)
- $8,752
- Property tax
- $633
- Condo / maintenance fees
- $0
- Heating
- $0
- Estimated monthly cost
- $9,385
Add your own property tax, condo fees, and heating on the left for a sharper total.
One-time closing costs
- Ontario land transfer tax
- $37,725
- Toronto municipal land transfer tax
- $37,725
- Estimated closing costs
- $75,450
Plus your down payment of $410,000. 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
- $525,099
- Principal paid down
- $208,854
- Interest paid
- $316,245
- Balance remaining
- $1,431,146
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 RE/MAX HALLMARK REALTY LTD.. MLS®/PropTx.