37 Gilbert Avenue, Toronto, ON
Corso Italia-Davenport, Toronto · MLS® W13585306
About this home
Thoughtfully renovated to create a sense of calm, comfort, and escape from city life, this boho-inspired mid-century modern home blends style, wellness, and functionality. Bright, sun-filled interiors feature new windows, skylight, designer fixtures, stainless steel appliances, reverse osmosis drinking water, upgraded 3/4" water service and 2 car parking. The private backyard feels like a cottage retreat in the heart of Toronto, complete with a barrel sauna, fire pit, and fresh sod to ground your feet into shaded by the most perfect tree. Enjoy the freedom of fully owned HVAC equipment, including the hot water tank. The finished basement offers flexibility with a separate entrance and rough-ins for a future kitchen/bar, creating potential for an accessory suite. Additional rough-ins for second-floor laundry provide future convenience. Further upgrades include new electrical throughout, a 200-amp service with EV charger rough-in, new flat roof, and fully insulated attic space. Laneway parking, wonderful neighbours, and the option to purchase fully furnished make this a truly turnkey opportunity (potential for $5k/month furnished rental). A thoughtfully designed home for those who value a peace, wellness, and easy living. Above grade Carson Dunlop Home inspection available.
Key facts
- Property type
- Semi-Detached, 2-Storey
- MLS®
- W13585306
- Bedrooms
- 3
- Bathrooms
- 2
- Size
- 1100-1500
- Lot
- 18.08 × 132 ft
- Cross streets
- St Clair Ave W / Caledonia Rd
- Parking
- 2 parking
- Driveway
- Lane
- Basement
- Separate Entrance, Finished
- Heating
- Forced Air
- A/C
- Central Air
- Exterior
- Brick
- Foundation
- Stone
- Roof
- Asphalt Shingle
- Sewer
- Sewer
- Property tax
- $3,838 / 2025
- Days on market
- 2
- Listing brokerage
- EXP REALTY
Rooms
open concept · vinyl floor
Hardwood Floor
juliette balcony · hardwood floor
open concept · vinyl floor
quartz counter · breakfast bar · stainless steel appl
hardwood floor · vaulted ceiling(s) · large closet
Listed at $1,175,000, this home is within the range of comparable homes, on the higher side. The number above is my independent estimate of value, not the asking price.
In Corso Italia-Davenport lately, sellers have been getting about 105% of asking and homes sell in about 21 days.
Based on 80 similar homes that recently sold nearby, adjusted for size, beds, and baths.Median of 80 recently sold comparable homes — actual closing prices, not asks — adjusted for size, beds, and baths. The city (MPAC) assessment points to about $826K, lower 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, sold for $700K
- Bedrooms −$33K
- Adjusts to $667K
That comparable adjusts to $667K; the $1.08M estimate above is the median of all 80 comparables, which is steadier than any single home.This estimate is grounded in actual closing prices from the last 15 months, not asking prices. Lot, condition, and finishes are still my in-person call.
The assigned public school is F H Miller Junior Public School. EQAO is only one input, and families here also look at French Immersion, boundary, and private options, the full breakdown is below.
Total price vs nearby homes. Fair value about $1.08M, median of 80 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.
- 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
- Recent major systems: lower near-term capital costs, ask for the ages and any warranties. Value driver
- Premium lot / gardens: lot size and privacy hold value and cannot be changed, verify frontage, depth, and any easements. Value driver
The closest active listings by size, beds, and price, so you can see what this home is up against.
The 3 closest active listings nearby.
See all comparable homesThis home lists 29% above the area average of $700/sqft.
3 days faster than the Toronto average (5 days).
View comparable listingsPrice per square foot vs the area average.
Neighbourhood & location
Corso Italia-Davenport, 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
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 $940,000 · 4.14% over 25 years
Total monthly cost
- Mortgage payment (monthly equivalent)
- $5,016
- Property tax
- $320
- Condo / maintenance fees
- $0
- Heating
- $0
- Estimated monthly cost
- $5,336
Add your own property tax, condo fees, and heating on the left for a sharper total.
One-time closing costs
- Ontario land transfer tax
- $19,975
- Toronto municipal land transfer tax
- $19,975
- Estimated closing costs
- $39,950
Plus your down payment of $235,000. 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
- $300,971
- Principal paid down
- $119,709
- Interest paid
- $181,262
- Balance remaining
- $820,291
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 EXP REALTY. MLS®/PropTx.