1081 Gerrard Street, Toronto, ON
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Property Highlights
Welcome to this remarkable 2 1/2 Storey triplex located in the coveted neighborhood of South Riverdale. Expertly crafted featuring premium brick construction, this residence presents an exceptional opportunity offered at $1,188,000 to acquire a beautiful home in a highly sought-after setting. Designed for both comfortable daily living and elegant entertaining, the layout maximizes natural light, functional flow, and lifestyle utility.
- 8 Bedrooms and 4 Bathrooms
- Generous living space spanning 2500-3000 sqft on a premium 27.92 x 97 ft lot
- Features a finished, separate entrance basement, adding superb versatility for recreation, a home gym, or extra storage
- 3.0 total parking spaces available
- Notable attributes: Carpet Free
- Efficient forced air heating via gas
Description
Rarely Offered, Fully Renovated Detached Home With 3 Separate Entrances Nestled In One Of Toronto's Most Desirable Neighbourhoods, Prime South Riverdale! This Spacious 2 1/2 Storey Property Is Full Of Potential And Move-In Ready, Featuring Over $60K Renovations (2026): Smooth Ceilings, New Laminate Flooring Throughout, New Tiles, New Bathrooms, A Brand-New Kitchen With Stylish Backsplash, And Fresh Paint Throughout. Perfectly Suited For Growing Families With Generous Space Across Multiple Levels.There Is Also Exciting Potential To Create A Multi-Generational Home Or Add 3 Separate Units For Extended Family Or Income Potential. The Main Level Offers A Bright Layout With A Cozy Family Room Adjacent To Functional Dining And Living Spaces. An Additional Room With Large Windows Can Be Converted Into A Guest Suite Or Study.The Second Floor Features A Newly Renovated Kitchen With Newer Appliances, Along With 4 Functional Bedrooms And 2 Newly Renovated Bathrooms With Glass Showers. This Level Also Offers Separate Entrances From Both The Front And Back.The Loft Includes 2 Bedrooms With Large Windows, While The Fully Finished Basement With Separate Entrance Provides 3 Additional Rooms. The Property Also Features Laneway Access With Parking For Up To 3 Cars, A Rare Find In Toronto. Just Steps To Top Schools, Parks, Shops, And Cafes, This Home Offers The Perfect Blend Of Urban Convenience And Community Charm. Whether You Envision A Modern Family Retreat Or A Long-Term Investment In One Of Toronto's Most Family-Friendly Neighbourhoods, The Possibilities Are Truly Endless.
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Pricing & Value Insights
Data-driven valuation for 1081 Gerrard Street E, Toronto E01, ON M4M 1Z9
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Properties in this area are selling at a steady pace.
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About Purchasing a Home in Toronto, ON
For a property listed at $1,188,000 in Toronto, the legal minimum down payment is $237,600 under current Canadian banking regulations. This calculation applies a 5% requirement on the first $500,000, 10% on the next $499,999, and a flat 20% on any amount exceeding $1,000,000.
Additionally, buyers in Ontario must budget for the Provincial Land Transfer Tax, which is estimated at $20,235 for this transaction. Since the property is located in Toronto, a municipal land transfer tax of $20,235 also applies, bringing the total estimated land transfer taxes to $40,470.
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Disclaimer: AI Insights are generated by an automated system and should be used for informational purposes only. While we strive for accuracy using current market data and deep-learning models, these assessments do not constitute professional real estate, legal, or financial advice. All property values, predictions, and scores are estimates. We strongly recommend verifying all property details and conducting independent due diligence with a licensed professional before making any purchase decisions.
