297 Gilbert Avenue, Toronto, ON

Caledonia-Fairbank, Toronto · MLS® W14091432

$850,000
For Sale
Listed 1 day agoNo offer date stated
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3+3Bedrooms
3Bathrooms
2Garage · 3 parking
1100-1500Sq ft

About this home

In short

  • Renovated Detached Bungalow, featuring a bright open-concept main floor with eat-in kitchen and plenty of natural light.
  • Finished basement with in-law suite, 2nd kitchen, high ceilings, 2 baths, separate walk-out, and 2 laundries.
  • Large 2-car garage, 2 sheds & maintenance-free backyard.
  • Prime family neighbourhood, just 5 mins to Fairbank Subway Station, TTC, schools, cafes, restaurants, places of worship & more.

Renovated Detached Bungalow, featuring a bright open-concept main floor with eat-in kitchen and plenty of natural light. Finished basement with in-law suite, 2nd kitchen, high ceilings, 2 baths, separate walk-out, and 2 laundries. Large 2-car garage, 2 sheds & maintenance-free backyard. Prime family neighbourhood, just 5 mins to Fairbank Subway Station, TTC, schools, cafes, restaurants, places of worship & more!

Key facts

Property type
Detached, Bungalow
MLS®
W14091432
Bedrooms
3+3 (6 total)
Bathrooms
3
Size
1100-1500 sq ft
Lot
23.4 × 126.83 ft
Cross streets
Caledonia Rd & Rogers Rd
Parking
2 garage · 3 parking (detached)
Driveway
Lane
Basement
Finished, Separate Entrance
Kitchens
2 (1 + 1)
Heating
Forced Air
A/C
Central Air
Exterior
Brick
Foundation
Concrete Block
Roof
Shingles
Sewer
Sewer
Property tax
$5,650 / 2026
Days on market
1
Listing brokerage
INTERNATIONAL REALTY FIRM, INC.

Rooms

Living RoomMain2.37 × 1.82 m

parquet · open concept · window

BedroomBasement3.47 × 2.19 m

laminate · window

BedroomMain4.20 × 2.95 m

parquet · closet · window

BedroomBasement2.34 × 2.77 m

laminate · window

Primary BedroomMain4.20 × 2.95 m

parquet · closet · window

BedroomBasement1.88 × 3.90 m

laminate · window

Dining RoomBasement2.83 × 4.87 m

ceramic floor · window

BedroomMain3.68 × 2.62 m

parquet · window

KitchenMain1.82 × 3.47 m

parquet · stainless steel appl

Dining RoomMain2.37 × 1.64 m

parquet · open concept

BedroomMain3.68 × 2.52 m

parquet · window

KitchenBasement2.83 × 4.87 m

ceramic floor · window

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

Its public catchment (F H Miller Junior Public School) tests around the provincial average, a steady, family-friendly draw. The full EQAO breakdown is below.

What sellers nearby are askingCurrently listed nearby in Caledonia-Fairbank · asking prices
$943kavg asking

Nothing closely matching this home is listed nearby right now, so these are the nearest detached listings on the market.

Per square foot, these ask about $738/sqft; this home lists at $654/sqft. Size is part of the price story, not just the sticker.

The 5 closest of 8 active listings nearby.

See all comparable homes
850kThis home1.06M850k800k850k1.15MThis 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
St. Andrew-Windfields
$4.10M

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 F H Miller Junior Public School
78%
F H Miller Junior Public SchoolPublic · Elementary · 0.2 km awayAbove the GTA average · 78% meet the provincial standard
Frank Oke Secondary SchoolEQAO results not published
Also nearby: 12 more schools within 2.5 km
General Mercer Junior Public School · Public elementary0.8 km · 54% at standard
Fairbank Memorial Community School · Public elementary0.8 km · 66% at standard
St Matthew Catholic School · Catholic elementary0.8 km · 63% 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
St Paul VI Catholic School · Catholic elementary1.3 km · 76% at standard
Fairbank Public School · Public elementary1.3 km · 59% at standard
Keelesdale Junior Public School · Public elementary1.4 km · 46% at standard
Stella Maris Catholic School · Catholic elementary1.4 km · 76% at standard
Carleton Village Junior and Senior Public School · Public elementary1.5 km · 42% at standard
Santa Maria Catholic School · Catholic elementary1.5 km · 35% at standard
Charles E Webster Public School · Public elementary1.5 km · 47% at standard

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

Affordability & Mortgage

Affordability
$3,874/mo
$167KIncome needed
5.1×Price ÷ income
$894Weekly cost
$26,950Land 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.

89%mortgage
Mortgage $3,874Property tax $471Total carry $4,345

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 20, 2026); conventional rates run a little higher.

years
years (your rate-locked period)
$3,760per month

Mortgage amount $680,000 · 4.49% over 25 years

$170,000Down payment (20.0%)
$680,000Loan before insurance
$0CMHC premium
$4,231Total monthly cost

Total monthly cost

Mortgage payment (monthly equivalent)
$3,760
Property tax
$471
Condo / maintenance fees
$0
Heating
$0
Estimated monthly cost
$4,231

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

One-time closing costs

Ontario land transfer tax
$13,475
Toronto municipal land transfer tax
$13,475
Estimated closing costs
$26,950

Plus your down payment of $170,000. Legal fees, title insurance, and adjustments are extra and vary by deal.

Mortgage stress test

6.49%Qualifying rate
$4,551/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

$447,951Total interest paid
$1,127,951Total of all payments
Principal $680,000 Interest $447,951
YearPrincipalInterestBalance
1$15,175$29,943$664,825
2$15,864$29,254$648,962
3$16,584$28,534$632,378
4$17,337$27,781$615,041
5$18,124$26,994$596,917
6$18,947$26,171$577,970
7$19,807$25,311$558,162
8$20,707$24,411$537,456
9$21,647$23,471$515,809
10$22,630$22,488$493,179
11$23,657$21,461$469,522
12$24,731$20,387$444,791
13$25,854$19,264$418,937
14$27,028$18,090$391,909
15$28,255$16,863$363,653
16$29,538$15,580$334,115
17$30,879$14,239$303,236
18$32,281$12,837$270,955
19$33,747$11,371$237,208
20$35,279$9,839$201,929
21$36,881$8,237$165,047
22$38,556$6,562$126,492
23$40,306$4,812$86,186
24$42,136$2,982$44,049
25$44,049$1,069$0

At the end of your 5-year term

Total paid over the term
$225,590
Principal paid down
$83,083
Interest paid
$142,507
Balance remaining
$596,917

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$2,300/mo
$27,600Gross annual rent
2.1%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.

3.2%
Gross yield
− Property tax $5,650− Insurance $1,400− Vacancy & upkeep $3,036Net operating income $17,514

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

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