FOR SALE
$4,750,000
11 Gibson Ave, Etobicoke
11 Gibson Ave
11 Gibson Ave
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5 + 2
BEDROOMS
4
BATHROOMS
2
KITCHENS
7 + 2
ROOMS
C10442774
MLSID
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Property Description
Nestled in the serene Old Thistletown neighborhood, this extraordinary 2.34-acre property overlooking the Humber River offers a rare opportunity for developers or buyers seeking an estate residence. Built in 1916, the stunning 2-storey plus two half-levels home is constructed from Humber River stone. With Southeast exposure, the property boasts breathtaking views of the Toronto skyline and features 1.5 acres of manicured lawns, vibrant gardens, old-growth forest, and stone walkways. The home includes 5 bedrooms and 3 bathrooms, with a spacious primary bedroom on the main level featuring windows on three sides for abundant natural light. The open-concept main living area seamlessly combines the living room, dining room, and reading room. A large eat-in kitchen connects to a glass-enclosed TV room, while a generous den off the main foyer provides additional space. A glassed entranceway opens onto a semicircular stone patio, ideal for entertaining or relaxing. A wood-burning fireplace on the main floor and a main-floor laundry room add to the homes charm and functionality. The property also includes a separate lower-level 1-bedroom + den apartment with its own entrance, private garden, wood-burning fireplace, hardwood floors, laundry room, and full bathroom perfect for extended family, a nanny suite, or rental income. Exterior features include a detached 2-car garage, gravel driveway, and a charming shed with a wood-burning stove. The lots dimensions of 202.24 feet by 374.06 feet make it ideal for development, whether for luxury homes, a grand estate, or a multi-residential project. Located near Highways 401 and 400, and minutes from Pearson Airport, this property offers unmatched potential and accessibility in a peaceful, tree-lined setting. TRCA coverage applies
Listing History
List Date End Date Days Listed List Price Sold Price Status
2023-11-29 2024-03-19 111 $5,500,000 - Expired
2024-04-08 2024-05-08 30 $4,999,000 $4,400,000 Sold
Nearby Intersections
Property Details
Property Type
Detached, 2-Storey
Lot Size
202' x 374'
Fronting
East
Taxes
$8,419 (2024)
Basement
Apartment
Exterior
Stone
Heat Type
Other
Heat Source
Gas
Air Conditioning
Other
Water
Municipal
Parking Spaces
4
Driveway
Private
Garage Type
Detached
Etobicoke Market Statistics
Etobicoke Price Trend
11 Gibson Ave is a 5-bedroom 4-bathroom home listed for sale at $4,750,000, which is $2,065,527 (76.9%) higher than the average sold price of $2,684,473 in the last 30 days (December 19 - January 17). During the last 30 days the average sold price for a 5 bedroom home in Etobicoke increased by $172,255 (6.9%) compared to the previous 30 day period (November 19 - December 18) and up $46,070 (1.7%) from the same time one year ago.
Inventory Change
There were 68 5-bedroom homes listed in Etobicoke over the last 30 days (December 19 - January 17), which is up 13.3% compared with the previous 30 day period (November 19 - December 18) and up 65.9% compared with the same period last year.
Sold Price Above/Below Asking ($)
5-bedroom homes in Etobicoke typically sold ($300,715) (11.2%) below asking price over the last 30 days (December 19 - January 17), which represents a $197,054 decrease compared to the previous 30 day period (November 19 - December 18) and ($121,269) less than the same period last year.
Sales to New Listings Ratio
Sold-to-New-Listings ration (SNLR) is a metric that represents the percentage of sold listings to new listings over a given period. The value below 40% is considered Buyer's market whereas above 60% is viewed as Seller's market. SNLR for 5-bedroom homes in Etobicoke over the last 30 days (December 19 - January 17) stood at 27.9%, down from 60.0% over the previous 30 days (November 19 - December 18) and down from 63.4% one year ago.
Average Days on Market when Sold vs Delisted
An average time on the market for a 5-bedroom 4-bathroom home in Etobicoke stood at 46 days when successfully sold over the last 30 days (December 19 - January 17), compared to 98 days before being removed from the market upon being suspended or terminated.
Listing contracted with Re/Max Professionals Inc.
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