429 Gilbert Avenue, Toronto, ON

Caledonia-Fairbank, Toronto · MLS® W13792192

$849,000
For Sale
Listed 33 days agoNo offer date stated
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2+1Bedrooms
2Bathrooms
1Garage · 2 parking
700-1100Sq ft

About this home

In short

  • Welcome to 429 Gilbert Ave, a beautifully updated, fully detached home offering modern finishes with a functional layout.
  • The second you step inside, you'll appreciate the bright, open-concept design and smart use of space, with virtually no wasted square footage.
  • Let's not forget the finished basement apartment featuring a separate entrance, additional bedroom, kitchen and living space, bathroom and its own laundry.
  • Potential for 2 storey garden suite (see report) Parking with a covered carport adds even more convenience.
  • Located on a quiet, friendly street in a family-oriented Toronto neighbourhood, just steps to the new Eglinton LRT and Bert Robinson Park down the street, with...

A true gem in the city! Welcome to 429 Gilbert Ave, a beautifully updated, fully detached home offering modern finishes with a functional layout. The second you step inside, you'll appreciate the bright, open-concept design and smart use of space, with virtually no wasted square footage. Let's not forget the finished basement apartment featuring a separate entrance, additional bedroom, kitchen and living space, bathroom and its own laundry. For added convenience, the front main floor closet is equipped with a laundry hookup with space for a stacked washer & dryer. Step outside to a large backyard with plenty of room for the whole family! Entertain friends, host summer BBQs, create a play area for the kids, grow your own vegetable garden or simply enjoy your own outdoor space in the city. Potential for 2 storey garden suite (see report) Parking with a covered carport adds even more convenience. Located on a quiet, friendly street in a family-oriented Toronto neighbourhood, just steps to the new Eglinton LRT and Bert Robinson Park down the street, with convenient access to schools, shopping and everyday amenities.

Key facts

Property type
Detached, Bungalow
MLS®
W13792192
Bedrooms
2+1 (3 total)
Bathrooms
2
Size
700-1100 sq ft
Lot
25 × 142 ft
Cross streets
Eglinton Ave W & Caledonia Rd
Parking
1 garage · 2 parking (carport)
Basement
Finished, Separate Entrance, Apartment
Heating
Forced Air
A/C
Central Air
Exterior
Stone, Metal/Steel Siding
Foundation
Unknown
Roof
Asphalt Shingle
Sewer
Sewer
Property tax
$4,193 / 2025
Days on market
33
Listing brokerage
RE/MAX PROFESSIONALS INC.
Our TakeTeam Asgarian · Broker
No automatic estimate

No automatic estimate is shown here: there is not a deep enough record of recent sales of homes like this one in this neighbourhood to support one.

Considering this property? Request a written price read

The assigned public school is Fairbank Memorial Community School. EQAO is only one input, and families here also look at French Immersion, boundary, and private options, the full breakdown is below.

What sellers nearby are askingCurrently listed nearby in Caledonia-Fairbank · asking prices
$863kavg asking

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

Per square foot, these ask about $959/sqft; this home lists at $943/sqft. Size is part of the price story, not just the sticker.

The 3 closest active listings nearby.

See all comparable homes
849kThis home889k900k800kThis home vs active comparables

Neighbourhood & location

Caledonia-Fairbank, 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.

Nearby neighbourhoods

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

Dovercourt-Wallace Emerson-Junction
$1.25M
Stonegate-Queensway
$2.25M
Leaside
$2.15M
Islington-City Centre West
$1.54M
Banbury-Don Mills
$5.50M

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 Fairbank Memorial Community School
66%
Fairbank Memorial Community SchoolPublic · Elementary · 0.6 km awayBelow the GTA average · 66% meet the provincial standard
Frank Oke Secondary SchoolEQAO results not published
Also nearby: 12 more schools within 2.5 km
Silverthorn Community School · Public elementary0.7 km · 65% at standard
F H Miller Junior Public School · Public elementary0.7 km · 78% at standard
St John Bosco Catholic School · Catholic elementary0.9 km · 65% at standard
York Memorial Collegiate Institute · Public secondary1.1 km · 50% at standard
Charles E Webster Public School · Public elementary1.1 km · 47% at standard
St Matthew Catholic School · Catholic elementary1.1 km · 63% at standard
General Mercer Junior Public School · Public elementary1.2 km · 54% at standard
Keelesdale Junior Public School · Public elementary1.2 km · 46% at standard
St Thomas Aquinas Catholic School · Catholic elementary1.5 km · 74% at standard
Santa Maria Catholic School · Catholic elementary1.6 km · 35% at standard
D'Arcy McGee Catholic School · Catholic elementary1.6 km · 48% at standard
Immaculate Conception Catholic School · Catholic elementary1.6 km · 48% at standard

Not the assigned catchment: schools a family here could reach, with EQAO results where published.

Affordability & Mortgage

Affordability
$3,869/mo
$162KIncome needed
5.2×Price ÷ income
$893Weekly cost
$26,910Land transfer tax, one-time (Ontario + Toronto)
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.

92%mortgage
Mortgage $3,869Property tax $349Total carry $4,219

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%
$
%
4.49%
%
Live rate from Ratehub.ca

Conventional (20%+ down). Best insured 5-year fixed 4.34% via Ratehub.ca (as of October 19, 2026); conventional rates run a little higher.

years
years (your rate-locked period)
$3,755per month

Mortgage amount $679,200 · 4.49% over 25 years

$169,800Down payment (20.0%)
$679,200Loan before insurance
$0CMHC premium
$4,105Total monthly cost

Total monthly cost

Mortgage payment (monthly equivalent)
$3,755
Property tax
$349
Condo / maintenance fees
$0
Heating
$0
Estimated monthly cost
$4,105

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

One-time closing costs

Ontario land transfer tax
$13,455
Toronto municipal land transfer tax
$13,455
Estimated closing costs
$26,910

Plus your down payment of $169,800. Legal fees, title insurance, and adjustments are extra and vary by deal.

Mortgage stress test

6.49%Qualifying rate
$4,545/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

$447,424Total interest paid
$1,126,624Total of all payments
Principal $679,200 Interest $447,424
YearPrincipalInterestBalance
1$15,157$29,908$664,043
2$15,845$29,220$648,198
3$16,564$28,500$631,634
4$17,317$27,748$614,317
5$18,103$26,962$596,214
6$18,925$26,140$577,290
7$19,784$25,281$557,506
8$20,682$24,383$536,823
9$21,621$23,444$515,202
10$22,603$22,462$492,599
11$23,629$21,436$468,970
12$24,702$20,363$444,268
13$25,824$19,241$418,444
14$26,996$18,069$391,448
15$28,222$16,843$363,226
16$29,503$15,562$333,722
17$30,843$14,222$302,879
18$32,243$12,822$270,636
19$33,707$11,358$236,929
20$35,238$9,827$201,691
21$36,838$8,227$164,853
22$38,510$6,555$126,343
23$40,259$4,806$86,084
24$42,087$2,978$43,998
25$43,998$1,067$0

At the end of your 5-year term

Total paid over the term
$225,325
Principal paid down
$82,986
Interest paid
$142,339
Balance remaining
$596,214

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$1,450/mo
$17,400Gross annual rent
1.2%Cap rate after taxes and upkeep

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.

2.0%
Gross yield
− Property tax $4,193− Insurance $1,400− Vacancy & upkeep $1,914Net operating income $9,893

All information deemed reliable but not guaranteed. For personal, non-commercial use only. Listing courtesy of RE/MAX PROFESSIONALS INC.. MLS®/PropTx.

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