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Price Change$1,725,000

13 Gledhill Avenue

East End-Danforth, Toronto

$1,639,000

Detached|2-Storey
4 | 3 | 2
About this home

**The Danforth Doorstep. Three Units. One Smart Move.** Tucked on a quiet residential street just steps from the energy of the Danforth, 13 Gledhill Avenue is the kind of property that seasoned investors dream about finding and rarely do. A 2 storey duplex with an additional basement apartment, this century home delivers immediate income potential across three self-contained units, each with their own entrance and personality. On the second floor, a bright two-bedroom suite sits above a generous two-bedroom main floor unit that retains the warmth and craftsmanship you only find in homes built over a hundred years ago. Original millwork, character details, and the bones of a 1910 build give this property something no new construction can replicate. The basement rounds out the picture with a comfortable one-bedroom apartment, adding a third income stream to an already compelling investment. Whether you are a first-time investor stepping into the market or adding to an established portfolio, this is passive income without the compromise. The Danforth corridor has long been one of Toronto's most beloved and resilient neighbourhoods, lined with acclaimed restaurants, independent shops, and the kind of community energy that keeps tenants renewing year after year. Transit is steps away. Schools, parks, and the DVP are all within reach. The numbers work. The location holds. The demand does not slow down. Live in one unit and let the others carry your mortgage, or lease all three and watch your investment perform. Either way, 13 Gledhill is not just a property. It is a foothold in one of Toronto's most enduring east-end communities. Opportunities like this are few. Neighbourhoods like this are forever.

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agent
Angela Montano
(647) 283-2643
TypeDetached
Style2-Storey
Approx. AgeNot available
Size2000-2500 sq. ft.
Property Tax$5,331
Lot Size26.67 ft x 105.43 ft
mls© NumberE13226858
Listed ByKW Living Realty

Listing History

  • No recent sale history for this listing.
  • No recent lease history for this listing.

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Could you afford this home?

What the bank counts

This home's actual carrying costs, payment stress-tested at 6%

Mortgage, tested at 6%
$8,389
Property tax
$444
Heat allowance
$150
Housing costs
$8,983 / mo

Lenders cap these at 39% of gross income — that sets the number.

Down payment20% · $327,800
25-yr amortization

Income needed

$276,000

gross annual household income

Payment at 4%
$6,897 / mo
Cash down
$327,800

Assumes no other monthly debts · 25-yr amortization

Full affordability check

Investment Analysis

Estimated rent, cap rate and monthly cash flow for this property

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