2239 Gerrard Street, Toronto, ON
East End-Danforth, Toronto · MLS® E14080602
About this home
Discover A Home Designed For Comfortable Family Living, Entertaining & Multi-Generational Possibilities. This Handsome All-Brick Detached Residence Offers An Attached Garage, Private Drive & A Wonderful Backyard Surrounded By A Peaceful, Park-Like Setting. Inside, An Impressive Open Staircase, Sunken Living Room & Rich Oak Flooring Create A Warm And Inviting Atmosphere. The Separate Family Room With Fireplace Opens Directly Onto The Rear Deck, Providing An Easy Connection Between Indoor & Outdoor Living. The Well-Appointed Nema Kitchen Features Quartz Countertops, Quality Cabinetry & Generous Workspace.Upstairs, A Skylight Brings Natural Light Into The Second Level, Where Three Spacious Bedrooms Provide Excellent Closet Space. The Primary Bedroom Enjoys Its Own Private Balcony Overlooking The Backyard, With Plans Available To Create A Future Ensuite & Walk-In Closet. The Main Bathroom Is Designed For Relaxation With A Jacuzzi Tub, Separate Shower, Bidet & Designer Fixtures.The Finished Lower Level Adds Valuable Living Space & Exceptional Flexibility, Featuring A Gas Fireplace, Second Full Kitchen & Direct Walkout To The Backyard-An Excellent Setup For Extended Family, An In-Law Suite Or Potential Separate Living Quarters. A Cold Room Provides Additional Storage. With Generous Living Areas, Two Kitchens, Multiple Fireplaces & A Private Outdoor Setting, This Is A Unique Home With Space To Adapt To Your Family's Changing Needs.
Key facts
- Property type
- Detached, 2-Storey
- MLS®
- E14080602
- Bedrooms
- 3
- Bathrooms
- 2
- Size
- 2500-3000 sq ft
- Lot
- 32.5 × 150 ft
- Cross streets
- Main/Gerrard
- Parking
- 1 garage · 3 parking (attached)
- Driveway
- Private
- Basement
- Finished with Walk-Out, Separate Entrance
- Heating
- Forced Air
- A/C
- Central Air
- Exterior
- Brick
- Foundation
- Concrete Block
- Roof
- Asphalt Shingle
- Sewer
- Sewer
- Property tax
- $6,304 / 2025
- Days on market
- 4
- Listing brokerage
- PAUL ZAMMIT REAL ESTATE LTD.
Rooms
hardwood floor · double closet
hardwood floor · fireplace · w/o to deck
hardwood floor · open concept
hardwood floor · bay window · sunken room
tile floor · gas fireplace · 4 pc bath
hardwood floor · double closet · w/o to balcony
stainless steel appl · quartz counter
walk-up · tile floor
hardwood floor · double closet · bay window
6 pc bath · tile floor
Listed at $1,388,000. Going by how homes in East End-Danforth and the wider GTA have actually closed against their asking prices (about 100%, 12 local closings in 90 days), the likely sale price is near $1.39M, if it sells. A realistic range is $1.30M to $1.56M.
Independent value check: $1.48M. Without looking at the asking price, our model values the home itself about 7% above the ask (homes like it typically land between $1.39M and $1.55M).
Why $1.48M. The typical detached home sold in East End-Danforth over the past year went for about $1.26M (47 sales). What sets this one apart:
- ▲ Raises it stronglyIt is 2,500 to 3,000 sq ft; the typical home sold here is 1,100 to 1,500.
- ▲ Raises it slightlyIts tax bill, which follows the city's own assessment, is $6,304 a year; the typical home sold here pays about $5,500.
- ▲ Raises it slightlyIts lot is 33 by 150 ft; the typical lot sold here is 25 by 100.
Total price vs nearby homes. Likely closing about $1.39M, from 12 recent closings in this pocket.
The market behind the math:
About 2 months of inventory: 8 detached homes for sale in the area against 12 closings in the last 90 days. Under two months favours sellers, over four favours buyers.
Price per square foot: this home lists at $505/sqft against an area asking average of $884/sqft.
- Walk-out basement. Extra light, usable space, and income potential, so the estimate is a conservative floor for it.
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 12 most comparable recent sales on their own, adjusted for size, beds, baths and lot, point to about $1.57M. Condition and finishes remain an in-person call.
Schools & getting aroundcatchment and transit
On schools, this address is zoned for Malvern Collegiate Institute, one of the higher-rated public schools in the area. A strong catchment tends to hold value and widen your resale pool, especially with family buyers.
Read this with carewhy it’s an estimate, not an appraisal
There were not many closely comparable homes right in East End-Danforth, so I widened the search to the surrounding area.
Based on 12 comparable homes that sold in East End-Danforth over the past two years, from 120 closings there.
For sale
For sale
For sale
For sale
For sale
For sale
For sale
For saleNothing closely matching this home is listed nearby right now, so these are the nearest detached listings on the market. Homes like this one have recently closed around $1.48M, which is where my estimate comes from.
Per square foot, these ask about $883/sqft; this home lists at $505/sqft. Size is part of the price story, not just the sticker.
The 5 closest of 8 active listings nearby.
See all comparable homesSold price trend
Median sold price for detached homes in Toronto: $1.20M in September 2026, down 1% from a year ago, on 7,360 closings in 12 months.
Line: median sold price, each month averaged with its neighbours and weighted by closings. Bars: closings that month. Toronto as a whole: the neighbourhood alone has too few closings for a line of its own.
Month by month
| Month | Median sold | Closings |
|---|---|---|
| October 2025 | $1.25M | 739 |
| November 2025 | $1.21M | 596 |
| December 2025 | $1.14M | 384 |
| January 2026 | $1.20M | 285 |
| February 2026 | $1.23M | 453 |
| March 2026 | $1.34M | 580 |
| April 2026 | $1.31M | 776 |
| May 2026 | $1.30M | 861 |
| June 2026 | $1.25M | 772 |
| July 2026 | $1.17M | 684 |
| August 2026 | $1.19M | 552 |
| September 2026 | $1.20M | 678 |
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 20, 2026); conventional rates run a little higher.
Mortgage amount $1,110,400 · 4.49% over 25 years
Total monthly cost
- Mortgage payment (monthly equivalent)
- $6,140
- Property tax
- $525
- Condo / maintenance fees
- $0
- Heating
- $0
- Estimated monthly cost
- $6,665
Add your own property tax, condo fees, and heating on the left for a sharper total.
One-time closing costs
- Ontario land transfer tax
- $24,235
- Toronto municipal land transfer tax
- $24,235
- Estimated closing costs
- $48,470
Plus your down payment of $277,600. 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
- $368,376
- Principal paid down
- $135,670
- Interest paid
- $232,705
- Balance remaining
- $974,730
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 East End-Danforth (15 of 90 recent detached leases were basement units, around $1,565 a month). The figure above is the whole house on one lease; rented as two units, the suite alone brings about $1,565 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 22 whole-home leases in East End-Danforth signed at a median of $3,466 a month; adjusted to this home for size, beds and baths, and for where rents stood the month each signed, that is $4,692. 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 PAUL ZAMMIT REAL ESTATE LTD.. MLS®/PropTx.