247 Gainsborough Road, Toronto, ON
Woodbine Corridor, Toronto · MLS® E13578776
About this home
Warm, welcoming, and full of opportunity, 247 Gainsborough Road is a charming one and a half storey detached home in the heart of the Upper Beach, offering character, comfort, and an ideal place to put down roots and make it your own. The functional layout features two bedrooms and two bathrooms, including a bright, spacious primary retreat on the upper level that provides a peaceful escape at the end of the day. At the front of the home, a west-facing porch is the perfect place to enjoy beautiful evening light, while inside, a cozy living room with a gas fireplace creates a warm and inviting atmosphere. The kitchen showcases quality finishes throughout, blending style and everyday function with ease. Move in and enjoy the home as it is, or update it over time to reflect your own vision. Whether you're a first-time buyer, downsizing, or seeking an alternative to condo living, this is a rare opportunity to own in one of Toronto's most established and sought-after east-end neighborhoods. Life in the Upper Beach offers the perfect balance of convenience and community, with cafes, local shops, parks, the beach, excellent schools, and transit all within easy walking distance. A home with lasting potential in a neighborhood you'll be proud to call your own.
Key facts
- Property type
- Detached, 1 1/2 Storey
- MLS®
- E13578776
- Bedrooms
- 2
- Bathrooms
- 2
- Size
- 700-1100
- Lot
- 29.66 × 66.33 ft
- Cross streets
- Coxwell & Gerrard
- Parking
- 0 parking
- Driveway
- Mutual
- Basement
- Partially Finished
- Heating
- Forced Air
- A/C
- Central Air
- Exterior
- Brick, Cedar
- Foundation
- Concrete
- Roof
- Asphalt Shingle
- Sewer
- Sewer
- Property tax
- $4,988 / 2026
- Listing brokerage
- BOSLEY REAL ESTATE LTD.
Listing history
- Jul 7, 2026Listed$799,000
Price and status history from the listing board. Deemed reliable but not guaranteed.
Listed at $989,000, this home is within the range of a wider set of listings, but with few close matches nearby, so worth confirming with a precise CMA. 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 $1.19M, higher than the comparables and worth a second look.
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 $799K
- Adjusts to $799K
That comparable adjusts to $799K; the $799K 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.
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.
On location, this is a very walkable address with everyday errands close by. Coxwell Ave at Casci Ave is about a 2-minute walk away. Walkable, transit-friendly spots tend to hold value and widen your resale pool.
Total price vs nearby homes. Fair value about $799K, median of 7 comparables.
The closest active listings by size, beds, and price, so you can see what this home is up against.
The 5 closest of 7 active listings nearby.
See all comparable homesThis home lists 2% above the area average of $1,075/sqft.
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.
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: Coxwell Ave at Casci Ave, about 153 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 $791,200 · 4.14% over 25 years
Total monthly cost
- Mortgage payment (monthly equivalent)
- $4,222
- Property tax
- $416
- Condo / maintenance fees
- $0
- Heating
- $0
- Estimated monthly cost
- $4,638
Add your own property tax, condo fees, and heating on the left for a sharper total.
One-time closing costs
- Ontario land transfer tax
- $16,255
- Toronto municipal land transfer tax
- $16,255
- Estimated closing costs
- $32,510
Plus your down payment of $197,800. 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
- $253,328
- Principal paid down
- $100,760
- Interest paid
- $152,569
- Balance remaining
- $690,440
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 BOSLEY REAL ESTATE LTD.. MLS®/PropTx.