3 Gair Drive, Toronto, ON

Alderwood, Toronto · MLS® W13519450

$2,598,000
For Sale
Listed 14 days ago
5Bedrooms
4Bathrooms
2Garage · 8 parking
2000-2500Sq Ft

About this home

Proudly offered, this beautifully maintained 8-year-old home showcases exceptional craftsmanship and a thoughtfully designed layout, perfectly suited for modern family living. Featuring 4+1 spacious bedrooms and 4 bathrooms, this impressive residence offers generous principal rooms, abundant natural light, and outstanding functionality throughout. Soaring 9'2" ceilings on both the main and second floors create an airy, elegant atmosphere. The bright, oversized kitchen is designed for both everyday living and entertaining, featuring premium appliances and a walkout to a covered rooftop patio that seamlessly extends your living space outdoors. The spacious primary suite serves as a private retreat, complete with a luxurious 5-piece ensuite. Elegant oak hardwood flooring flows throughout the home, complemented by Italian ceramic tile in the foyer, kitchen, and bathrooms for timeless style and durability. Built with quality and longevity in mind, the home features a durable metal roof, 200-amp electrical service, two sump pumps, and professional waterproofing, offering lasting peace of mind. Adding exceptional versatility, the fully self-contained spacious one-bedroom in-law suite with a separate entrance, gas fireplace in living room, beautiful bathroom is ideal for extended family, overnight guests, or potential rental income. Additional highlights include a double-car garage, parking for up to six additional vehicles, a welcoming front porch, and generous outdoor space for relaxing or entertaining. Ideally located in a highly sought-after neighbourhood, this home offers quick access to the QEW and Highway 427 for effortless commuting, while being just minutes from shopping, schools, parks, and a full range of everyday amenities. This is a rare opportunity to own a meticulously maintained home that combines quality craftsmanship, generous living space, modern comfort, convenience, and exceptional value.

Key facts

Property type
Detached, 2-Storey
MLS®
W13519450
Bedrooms
5 (4 + 1)
Bathrooms
4 (1 half)
Size
2000-2500
Lot
40 × 132.5 ft
Cross streets
Evans Ave. & Browns Line
Parking
2 garage · 8 parking (detached)
Driveway
Private
Basement
Apartment, Separate Entrance, Full, Walk-Up
Kitchens
2 (1 + 1)
Heating
Forced Air
A/C
Central Air
Exterior
Stucco (Plaster), Stone
Foundation
Concrete
Roof
Metal
Sewer
Sewer
Property tax
$8,778 / 2026
Days on market
14
Listing brokerage
ROYAL LEPAGE TERREQUITY REALTY

Rooms

Primary BedroomSecond3.78 × 5.30 m

ensuite bath · large window · hardwood floor

Dining RoomGround5.33 × 3.38 m

combined w/living · window · crown moulding

Living RoomBasement5.36 × 6.46 m

ceramic floor · combined w/dining

Bedroom 4Second4.54 × 3.08 m

w/w closet · large window · hardwood floor

KitchenBasement5.36 × 6.46 m

ceramic floor · modern kitchen · window

Bedroom 5Basement3.87 × 6.46 m

hardwood floor · window

Dining RoomBasement5.36 × 6.46 m

ceramic floor · combined w/kitchen

KitchenGround3.93 × 6.80 m

eat-in kitchen · w/o to patio · stainless steel appl

Bedroom 2Second3.60 × 4.27 m

crown moulding · window · hardwood floor

Living RoomGround3.90 × 4.08 m

combined w/dining · large window · crown moulding

Bedroom 3Second4.54 × 3.08 m

crown moulding · large window · hardwood floor

Moe’s TakeTeam Asgarian · Broker
Worth a personal read

Heads up: the asking price here sits well above what comparable listings suggest. That can point to premium finishes, a bigger lot, or simply an ambitious ask, so it is worth a close look before you offer. I would not put an automatic figure on this one. Tell me you are interested and I will pull the most comparable recent sales and give you a straight answer on what it will really take.

Its public catchment (Sir Adam Beck Junior School) tests around the provincial average, a steady, family-friendly draw. The full EQAO breakdown is below.

On location, this is a very walkable address with everyday errands close by. Evans Ave at Gair Dr is about a 1-minute walk away. Walkable, transit-friendly spots tend to hold value and widen your resale pool.

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.

  • Separate entrance / basement suite: rental or in-law income potential, if it is legally registered and retrofit-compliant.
  • Tall ceilings: they transform how a home feels, worth confirming the actual heights room to room.
  • Hardwood floors: quality hardwood is durable and broadly desirable.
  • Income potential
  • Worth verifying
  • Lifestyle
Comparable listingsCurrently listed nearby · asking prices
$2.20Mavg asking

The closest active listings by size, beds, and price, so you can see what this home is up against.

20 Duart Park Road$2.80M443 Northcliffe Boulevard$2.29M4 Lunness Road$1.50M

The 3 closest active listings nearby.

See all comparable homes
2.60MThis home2.80M2.29M1.50MThis home vs active comparables
Live market pulseActive comparables in Alderwood · median list $1.80M
$1,155this home / sqft
8active listings nearby
14days on market

13 days longer than the Toronto average (1 days).

View comparable listings
This home
Below area avgAbove area avg

Price per square foot vs the area average.

Neighbourhood & location

Alderwood, Toronto, ON

CommuteTime from this home to where you spend your day

Enter a workplace or destination and we’ll show the door-to-door time by car, transit and bike.

Getting around

80/ 100

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: Evans Ave at Gair Dr, about 59 m away

20+ transit stops3 grocery20+ dining10 parks11 pharmacies

Within a 15-minute (1.5 km) walk.

Nearby neighbourhoods

How asking prices compare in the closest areas to this home. Longer bars mean a pricier market.

High Park-Swansea
$4.99M
Downsview-Roding-CFB
$1.06M
Lawrence Park South
$2.14M
Bedford Park-Nortown
$2.90M
Wexford-Maryvale
$865K

Typical asking price of active listings of the same type, per area (outliers removed). Toronto.

Get the full neighbourhood report (schools, parks, transit & safety) →

Schools & catchmentAssigned attendance-boundary schools, with EQAO results

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.

Street view near Sir Adam Beck Junior School
86%
Sir Adam Beck Junior SchoolPublic · Elementary · 0.9 km awayHigher-rated than most nearby · 86% meet the provincial standard

Affordability & Mortgage

Affordability
$11,841/mo
$475KIncome needed
5.5×Price ÷ income
$2,732Weekly cost
20% down4.79%25-yr amortization

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.

94%mortgage
Mortgage $11,841Property tax $731Total carry $12,572

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

$
20.0%
$
%

Homes over $1.5M can't be insured, so 20% down or more is required.

4.14%
%
Live rate from Ratehub.ca

Conventional (20%+ down). Best insured 5-year fixed 3.99% via Ratehub.ca (as of July 17, 2026); conventional rates run a little higher.

years
years (your rate-locked period)
$11,091per month

Mortgage amount $2,078,400 · 4.14% over 25 years

$519,600Down payment (20.0%)
$2,078,400Loan before insurance
$0CMHC premium
$11,823Total monthly cost

Total monthly cost

Mortgage payment (monthly equivalent)
$11,091
Property tax
$732
Condo / maintenance fees
$0
Heating
$0
Estimated monthly cost
$11,823

Add your own property tax, condo fees, and heating on the left for a sharper total.

One-time closing costs

Ontario land transfer tax
$51,425
Toronto municipal land transfer tax
$51,425
Estimated closing costs
$102,850

Plus your down payment of $519,600. Legal fees, title insurance, and adjustments are extra and vary by deal.

Mortgage stress test

6.14%Qualifying rate
$13,471/monthPayment at the qualifying rate

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

$1,248,934Total interest paid
$3,327,334Total of all payments
Principal $2,078,400 Interest $1,248,934
YearPrincipalInterestBalance
1$48,690$84,404$2,029,710
2$50,726$82,367$1,978,984
3$52,848$80,245$1,926,136
4$55,059$78,035$1,871,077
5$57,362$75,732$1,813,715
6$59,761$73,332$1,753,954
7$62,261$70,833$1,691,693
8$64,865$68,228$1,626,828
9$67,578$65,515$1,559,250
10$70,405$62,688$1,488,845
11$73,350$59,743$1,415,495
12$76,418$56,675$1,339,077
13$79,615$53,479$1,259,462
14$82,945$50,149$1,176,518
15$86,414$46,679$1,090,104
16$90,029$43,065$1,000,075
17$93,794$39,299$906,281
18$97,718$35,376$808,563
19$101,805$31,288$706,758
20$106,063$27,030$600,694
21$110,500$22,593$490,194
22$115,122$17,971$375,072
23$119,937$13,156$255,135
24$124,954$8,139$130,181
25$130,181$2,913$0

At the end of your 5-year term

Total paid over the term
$665,467
Principal paid down
$264,685
Interest paid
$400,782
Balance remaining
$1,813,715

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.

Let's connect

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

Rental yield
Estimate$4,200/mo
$50,400Gross annual rent
1.3%Est. cap rate

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 numbers

Estimates 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.

1.9%
Gross yield
− Property tax $8,778− Insurance $1,400− Vacancy & upkeep $5,544Net operating income $34,678

All information deemed reliable but not guaranteed. For personal, non-commercial use only. Listing courtesy of ROYAL LEPAGE TERREQUITY REALTY. MLS®/PropTx.

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