280 Gowan Avenue, Toronto, ON
East York, Toronto · MLS® E13434786
About this home
Bright, spacious, and renovated all-brick detached home on a wide 30ft lot in coveted Pape Village, with 3 parking spots including a rare attached garage! This home checks all the boxes with an open-concept layout, solid hardwood flooring and pot lights, setting a cohesive tone across the main & second floor, while the fully carpet-free interior adds a clean, low-maintenance finish. The roomy main floor layout is anchored by an upgraded kitchen with central island with seating, full-height custom cabinetry, gleaming Calacatta porcelain countertops & backsplash. Clear sight lines create an airy, inviting feel, flowing seamlessly to a private, covered back deck that extends the living space outdoors. The fully fenced backyard offers a surprisingly private setting with two privacy screens. Upstairs, a well-designed layout offers three generously sized bedrooms, each with a closet. The primary retreat effortlessly accommodates a king-size bed with additional space for a sitting area or workspace, complemented by a double closet for generous storage. The fully finished basement with engineered hardwood offers a spacious rec room, 4-piece bath, storage & direct garage access. Updated stone stairs, a walkway, railing, and hydrangea-lined garden borders, enhancing curb appeal. Mechanical updates include the furnace & A/C (2018) and a new roof (2019). Just steps to schools, TTC access, and the future Ontario Line! Set just minutes from the Danforth and Greektown, enjoy quick access to the best of the Danforth's bistros, cafes, shops, and everyday essentials, along with nearby trails like Crothers Woods, perfectly balancing city energy with an outdoor escape. Fabulous quiet street and very courteous neighbours, including the apartment close by. This is the best value for a detached home in the area!!!
Key facts
- Property type
- Detached, 2-Storey
- MLS®
- E13434786
- Bedrooms
- 3
- Bathrooms
- 2
- Size
- 1100-1500
- Lot
- 30 × 70 ft
- Cross streets
- Donlands Avenue & Cosburn Avenue
- Parking
- 1 garage · 3 parking (built-in)
- Driveway
- Private
- Basement
- Finished
- Heating
- Forced Air
- A/C
- Central Air
- Exterior
- Brick
- Foundation
- Unknown
- Roof
- Shingles
- Sewer
- Sewer
- Property tax
- $6,447 / 2025
- Days on market
- 36
- Listing brokerage
- ROYAL LEPAGE SIGNATURE REALTY
Rooms
hardwood floor · open concept · pot lights
hardwood floor · centre island · stainless steel appl
hardwood floor · closet organizers · window
hardwood floor · sliding doors · pot lights
hardwood floor · closet · window
hardwood floor · 4 pc bath · w/o to garage
hardwood floor · double closet · large window
Listed at $1,299,999, this home is right in line with comparable homes. The number above is my independent estimate of value, not the asking price.
There were not many closely comparable homes right in East York, so I widened the search to the surrounding area.
Based on 5 similar homes nearby, adjusted for size, beds, and baths.Median of 5 comparable active listings, adjusted for size, beds, and baths. The city (MPAC) assessment points to about $1.36M, a close match. 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 $1.90M
- Adjusts to $1.90M
That comparable adjusts to $1.90M; the $1.25M estimate above is the median of all 5 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.
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.
On location, this is a very walkable address with everyday errands close by. Donlands Ave at Cosburn 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 $1.25M, median of 5 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.
- Finished basement: added living space, worth checking ceiling height and that the work was permitted.
- Renovated / rebuilt: recent work can mean fewer upfront costs, worth confirming the scope, quality, and that permits were pulled.
- Recent major systems: lower near-term capital costs, ask for the ages and any warranties.
- Open-concept layout: modern, sought-after flow.
- Hardwood floors: quality hardwood is durable and broadly desirable.
- Value driver
- Lifestyle
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 24% above the area average of $809/sqft.
35 days longer than the Toronto average (1 days).
View comparable listingsPrice per square foot vs the area average.
Neighbourhood & location
East York, 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: Donlands Ave at Cosburn Ave South Side, about 113 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 $1,039,999 · 4.14% over 25 years
Total monthly cost
- Mortgage payment (monthly equivalent)
- $5,550
- Property tax
- $537
- Condo / maintenance fees
- $0
- Heating
- $0
- Estimated monthly cost
- $6,087
Add your own property tax, condo fees, and heating on the left for a sharper total.
One-time closing costs
- Ontario land transfer tax
- $22,475
- Toronto municipal land transfer tax
- $22,475
- Estimated closing costs
- $44,950
Plus your down payment of $260,000. 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
- $332,989
- Principal paid down
- $132,444
- Interest paid
- $200,545
- Balance remaining
- $907,555
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 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 ROYAL LEPAGE SIGNATURE REALTY. MLS®/PropTx.