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East End-Danforth, Toronto
$1,639,000
**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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| Type | Detached |
| Style | 2-Storey |
| Approx. Age | Not available |
| Size | 2000-2500 sq. ft. |
| Property Tax | $5,331 |
| Lot Size | 26.67 ft x 105.43 ft |
| mls© Number | E13226858 |
| Listed By | KW 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.
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 checkInvestment Analysis
Estimated rent, cap rate and monthly cash flow for this property
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