115 gladstone Avenue
Toronto (Little Portugal), ON M6J 3L1
- 5Bedrooms
- 5Bathrooms
- 1Garage
- 2500–3000Sq Ft
- $9,177Tax
- 25×115 ftLot Size
Estimated Value:$1,761,000See Free Estimate Report
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Free Home EvaluationHow Much Is My Home Worth?Homes for Sale NearbySale & Price History for 115 gladstone Avenue, Toronto, Little Portugal
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About 115 gladstone Avenue, Toronto, Little Portugal
Rare opportunity to own a fully legal 5-unit income property in one of Torontos most sought-after rental neighbourhoods. Four of five units have been renovated, offering strong in-place income with significant upside as units turn over to market rents. High cap rate in a high-growth area perfect for the savvy investor. Recent upgrades include roof shingles (2021), new sump pump (2024), and boiler pump (2025). Excellent tenant profile and minimal vacancy.Laneway access at the rear presents potential for a laneway suite (buyer to verify), adding future income potential. Steps to Queen West, transit, and all urban amenities. This is a rare, turnkey asset with stability, upside, and long-term value.
Key Facts & Features
Property Costs
- Annual Property Tax Amount
- $9,177
- Land Transfer Tax Fee
- $72,750
- Basement Type
- Finished
Interior Features
- Interior Extras
- None
- Fireplace/Stove
- No
- Elevator
- No
Exterior Features
- Pool
- None
Building
- Building Type
- Detached
- Building Style
- 2-Storey
Construction
- Exterior Finish
- Brick
- Roof
- Asphalt Shingle, Unknown
- Foundation Details
- Unknown
- Special Designation
- Unknown
Lot
- Lot Front
- 25.00 ft
- Lot Depth
- 115.00 ft
Parking & Garages
- Garage Type
- None
- Garage Spaces
- 0.5
- Parking Spaces
- 2
- Total Garage And Parking Spaces
- 3
Heating & Cooling
- Heat Source
- Gas
- Heat Type
- Radiant
- Air Conditioning
- Other
- Water
- Municipal
- Sewers
- Sewer
- Bedrooms
- 5
- Washrooms
- 5
- Kitchens
- 5
- Family / bonus room
- Yes
Washrooms
- 3-piece
- 4-piece
- Municipality
- Toronto
- Neighbourhood
- Little Portugal
- Main cross streets
- Gladstone/ N of Queen
- Directions
- Between Queen and Dundas
- MLS® number
- C12210463
- Data source
- Toronto Regional Real Estate Board
- Status change
- 2025-06-26
- Listed on
- 2025-06-10
- Days on market
- 16 days
- Possession date
- 2025-08-13
- Possession type
- Flexible
- Co-op commission
- 2%
- Seller
- Listed by
- GILBERT REALTY INC.
Home Market Value
Current home valuation for 115 gladstone Avenue, Toronto, Little Portugal, Toronto, ON. Listed for $1,995,000
HOMEH Estimate
$1,761,000
Estimated Sales Range
$1,508,000 - $1,930,000
HOMEH Estimate for 115 gladstone Avenue, Toronto, Little Portugal
Calculated with a real agent's CMA method — 45+ years of experience, codified. Not an AI guess.
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Mortgage Payment Calculator
Compare up to 4 down payment scenarios
20% required for homes $1.5M or more
$399,000
| Scenario 1 | Scenario 2 | Scenario 3 | Scenario 4 | |
|---|---|---|---|---|
−Down payment | % $ | % $ | % $ | % $ |
+CMHC insurance | $0 | $0 | $0 | $0 |
=Total mortgage | $1,596,000 | $1,496,250 | $1,396,500 | $1,296,750 |
Amortization | ||||
Mortgage rate | % | % | % | % |
| Payment frequency | ||||
=Mortgage payment | $7,792monthly | $7,305monthly | $6,818monthly | $6,331monthly |
Land Transfer Tax
$36,375
$36,375
$72,750
Around this home
Data provided by OpenStreetMap & Fraser Institute School Rankings
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