837 Gladstone Avenue, Toronto W02

$1,569,000
837 Gladstone Avenue

$1,569,000

New
23d
Duplex3-Storey

837 Gladstone Avenue, Toronto W02

Total Monthly Obligation $7,204

Beds
5
Baths
3
Park
3
Sqft
2000-2500
DOM
23d
Score
16
Yield
3.7%
Cash on Cash
-7.0%
Cap Rate
3.1%
5Y IRR
10.1%
10Y IRR
10.3%
Property Type-Duplex
MLS® Number-W13844918
Beds-5
Bathrooms-3
Size-2000-2500 sqft
Lot Size-20.67 × 160 ft
Listed on site-Sep 30, 2026
Style-3-Storey
Building Type-Duplex
Taxes-$5,998.34 (2025)
Parking-3 - None
Basement-Finished, Separate Entrance
Heating-Forced Air (Gas)
Brokerage-RE/MAX HALLMARK REALTY LTD.
Cooling-Central Air
Laundry-No
Fireplace-No
Pool-None
Facing-West
Exterior-Brick, Metal/Steel Siding
Roof-Asphalt Shingle
Foundation-Poured Concrete, Stone, Concrete
Sewer-Sewer
Possession-Flexible
Neighbourhood-Dovercourt-Wallace Emerson-Junction
Title-Residential Freehold

No agent assigned

Welcome to 837 Gladstone Avenue - a rare opportunity in one of Toronto's fastest-growing neighbourhoods. Nestled on a quiet street in the heart of Wallace Emerson, this solid three-storey detached home sits on one of the area's deepest lots, offering exceptional flexibility for homeowners, investors, and developers alike. Move-in ready and income-producing, the property has been thoughtfully maintained with updated electrical and plumbing (2002), a new roof and air conditioning, a newer furnace (approx. 7 years old), and a brand-new paved driveway. Currently configured as a legal duplex with separate entrances, it features three spacious kitchens, three full bathrooms, generous principal rooms, a separate basement entrance, and rear parking for up to three vehicles. The oversized backyard unlocks exciting future potential. Similar to neighboring properties, there may be an opportunity to add a laneway or garden suite with three or more bedrooms (buyer to verify), or simply enjoy the expansive outdoor space as a private urban retreat. Location is a standout. Just steps to Wallace Emerson Community Centre, featuring a pool, gym, ice rink, bike park, and library. Walk to Dovercourt, schools, grocery stores, pharmacies, cafés, restaurants, and breweries. The nearby Galleria on the Park redevelopment is transforming the neighbourhood with new amenities, green space, and long-term value. Commuters will appreciate easy access to Dufferin Station and downtown Toronto. Live in one unit and rent the others, maximize income with a full rental configuration, or convert the property into a spacious single-family home. With projected rental income of up to $10,000 per month and endless future possibilities, 837 Gladstone Avenue is a unique opportunity to invest in one of Toronto's most dynamic communities.

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(utilities, internet...)
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Closing Costs

Mortgage Amount
$1,255,200
Land Transfer Taxes$27,855
Legal Fees (Est.)
$
Total cash required for closing$343,155

Total Monthly Obligation

$7,204/mo
Mortgage $6,329
Monthly Loss $5,538
Principal$1,665
Interest$4,663
Property Tax$500
Home Insurance$125
Variable Costs$250
Returns
Weight: 25%
Cap Rate
2.6%16
Cash-on-Cash
-10.3%1
5-Year IRR
7.5%20
10-Year IRR
8.6%
Returns Index
11.5/ 100
Growth Sentiment
Weight: 20%
%/yr
Score+50
%/yr
Score+50
%
%
Growth Index
50.0/ 100
GradeD
16/ 100
Avoid•Pass

Strategy: Buy & Hold — Weights: CFI 35% · RI 25%
RKI 20% · GI 20%

Assumptions & Inputs
$/mo
%
$
yr
%
Cash Flow
Weight: 35%
Gross Rent
$57,600/yr
NOI
$41,342/yr
Net Cash Flow
-$2,884/mo
Cash Margin
-60.1%0
Cash Flow Index
0.0/ 100
Risk Profile
Weight: 20%
DSCR
0.546
LTV Ratio
80.0%18
Vacancy Buffer
1.3 mo21
Risk Index
14.9/ 100

*This analysis is independently generated NOT provided by TREB or CREA.

Comparables

Properties near 837 Gladstone Avenue

Time

Comparables are calculated within a 3km radius based on properties sold or leased within the past 6 months. This helps you understand the current market value and potential rental yield with high precision.

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Data last updated within the past 24 hours.