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Investment signal

$1,489,000

806 GLADSTONE AVENUE

Beds

Baths

4.2

Sqft

—

Year

—

Location

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About this home

Welcome to 806 Gladstone Avenue - a fully renovated legal duplex offering exceptional income potential and long-term value. Completely transformed in 2025, this semi-detached home has been thoughtfully redesigned with modern finishes and functionality, making it an ideal opportunity for investors, end-users seeking rental income, or multi-generational families. The property is legally configured as two self-contained units, providing flexibility to live in one unit while renting the other, or to generate dual rental income. The main and upper levels feature a brand-new kitchen with quartz countertops, stainless steel appliances, and custom cabinetry, along with three spacious, light-filled bedrooms and ample storage. The finished lower unit includes its own kitchen, full bathroom, and a separate walk-up entrance, making it perfectly suited for a rental suite, in-law accommodation, or additional income stream. Extensively upgraded from top to bottom, the home boasts a new roof, stucco exterior, modern canopy, and a brand-new hot water tank. All major systems-including heating, air conditioning, plumbing, and electrical-have been fully updated, offering peace of mind and low maintenance for years to come. With approximately 2,700 sq. ft. of finished living space, this rare laneway garage home stands out in one of Toronto's most desirable neighborhoods. Steps to parks, schools, transit, and local amenities, 806 Gladstone Avenue is a turnkey legal duplex that delivers versatility, rental income potential, and strong long-term upside. (id:65958)

Subtype: Single Family
Structure: House
Community: Dovercourt-Wallace Emerson-Junction
Common interest: Freehold
Lot dimensions: 18 x 131 FT
Bedrooms: 3 above grade, 2 below grade
Parking: 2 total
Stories: 2
On market: Jan 8, 2026
Status changed: Apr 16, 2026
Annual tax: $5,467.13
Photos: 50
MLS#: W12674860
Area: TORONTO_(DOVERCOURT-WALLACE_EMERSON-JUNCTION)

Features and systems

Parking

Detached GarageGarage

Basement

FinishedApartment in basementWalk outN/AN/A

Appliances

WasherRefrigeratorDishwasherStoveDryerWater Heater

Heating

Forced airNatural gas

Cooling

Central air conditioning

Exterior

Stucco

Flooring

HardwoodCeramic

Foundation

Concrete

Negative cash flow ~$2,854/mo at these assumptions

Monthly rent (CAD)Adjust to your local market estimateDown payment (%)Investment props typically 20-25%Mortgage rate (% annual)2026 default 5.49% — adjust to your rate holdAmortization (years)

Cash on cash

-11.50%

Cap rate

3.59%

GRM

16.7

Break-even rent

$10,454

Financing

Down payment$297,800

Loan amount$1,191,200

Mortgage$7,308/mo

Operating expenses (monthly)

Property tax(est. 0.55%/yr (AB avg))$682

Insurance$80

Maintenance$1,241

CapEx reserve$620

Vacancy loss$373

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.

Lifestyle nearby

Nearby school, halal, mosque, grocery, park, and transit layers are still being built for Toronto (Dovercourt-Wallace Emerson-Junction). The listing facts above are live; the neighborhood-intelligence layer needs POI coverage before it can score this address properly.

Mortgage estimate

Estimated $7,308/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 16, 2026.