1 / 35
Investment signal

$1,599,000

217 GLADSTONE AVENUE

Beds

4

Baths

3

Sqft

Year

About this home

Timeless Victorian Beauty in the Heart of Little Portugal! Step into a grand Victorian masterpiece that blends historic charm with unbeatable city living! Soaring 10-ft ceilings on both the main and second floors create an airy, elegant space. Located in highly sought-after Little Portugal, where the city's best cafes, restaurants, breweries, and boutique shops are all close by. Stroll to Queen West, Ossington, and McCormack Recreation Centre or enjoy the local parks, skating rink, library, and indoor pool a vibrant community at your doorstep including fabulous shopping at Dufferin Mall! Unbeatable convenience with public transit just steps away leave the car behind and explore the city with ease. A rare find! Enjoy an expansive 38-ft frontage, giving you the space you won't find in most downtown homes. Top-tier walkability! With a Transit Score of 100 and a Walk Score of 91, everything you need is just a short stroll away. A perfect place for families with great schools, parks, and community spaces make this a fantastic home for kids to grow and thrive. This is more than a home, it's a lifestyle! Don't miss out on this one-of-a-kind gem! (id:65958)

Subtype
Multi-family
MLS#
C12991594
Area
TORONTO_(LITTLE_PORTUGAL)
Negative cash flow ~$3,059/mo at these assumptions

Cash on cash

-11.48%

Cap rate

3.59%

GRM

16.7

Break-even rent

$11,220

Financing

Down payment$319,800
Loan amount$1,279,200
Mortgage$7,848/mo

Operating expenses (monthly)

Property tax(est. 0.55%/yr (AB avg))$733
Insurance$80
Maintenance$1,333
CapEx reserve$666
Vacancy loss$400

Estimates only. Actual cash flow depends on financing terms, condition reports, current market rents, property tax assessment, condo fees, and tenant quality. Defaults: 5% vacancy, 1%/yr maintenance, 0.5%/yr CapEx reserve, $80/mo insurance. Property tax estimated at 0.55%/yr where not provided. Talk to a mortgage broker before relying on these numbers.

Mortgage estimate

Estimated $7,848/mo at 5.49% with 20% down, 25-yr amortization.Estimate only — actual payment varies by qualification + insurance.

Listing brokerage

Listing brokerage on file

Listing data via CREA DDF®. Information is deemed reliable but not guaranteed accurate by CREA. Last updated Apr 13, 2026.

We use a single cookie to remember if you’ve dismissed this notice and a no-PII analytics ping. By using this site you consent. Privacy.