1178 Gerrard St E

FOR SALE
$1,198,000
1178 Gerrard St E, Toronto
1178 Gerrard St E
1178 Gerrard St E
1178 Gerrard St E
1178 Gerrard St E
1178 Gerrard St E
1178 Gerrard St E
1178 Gerrard St E
1178 Gerrard St E
1178 Gerrard St E
1178 Gerrard St E
1178 Gerrard St E
1178 Gerrard St E
1178 Gerrard St E
1178 Gerrard St E
1178 Gerrard St E
1178 Gerrard St E
1178 Gerrard St E
1178 Gerrard St E
1178 Gerrard St E
1178 Gerrard St E
1178 Gerrard St E
1178 Gerrard St E
1178 Gerrard St E
1178 Gerrard St E
1178 Gerrard St E
1178 Gerrard St E
1178 Gerrard St E
1178 Gerrard St E
1178 Gerrard St E
1178 Gerrard St E
1178 Gerrard St E
1178 Gerrard St E
1178 Gerrard St E
1178 Gerrard St E
1178 Gerrard St E
1178 Gerrard St E
1178 Gerrard St E
1178 Gerrard St E
1178 Gerrard St E
1178 Gerrard St E
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3 + 1
BEDROOMS
2
BATHROOMS
2
KITCHENS
6 + 1
ROOMS
E8464596
MLSID
Contact Us
Property Description
Fabulous opportunity to own, co-own, invest or live with multi-generational family. This reimagined semi-detached home has two self-contained units, both well maintained with recent upgrades. The Main level unit offers spacious rooms, an eat-in kitchen w/ walkout to deck, yard and the convenience of a detached garage. This unit has an inviting bedroom situated on the lower level with walk-in closet, large bathroom and laundry. The Upper level, with separate access from the front, offers a spacious bedroom, bright living room, newly renovated kitchen and bathroom, also with laundry. Perfect for owner-occupiers looking to capitalize on rental income. If desired, this home can easily be converted back to a single family home. Ideally located within walking distance to transit, popular dining spots and shops in Leslieville. Residents will also appreciate the proximity to Greenwood Park, a 6.2 hectare park featuring ball diamonds, dog off-leash area, splash pad, children's playground, pool, skating rink and more.
Extras
Excellent tenants! Happy to stay.
Property Details
Property Type
Semi-Detached, 2-Storey
Lot Size
16' x 111'
Fronting
North
Taxes
$4,513 (2024)
Basement
Finished
Exterior
Brick, Shingle
Heat Type
Forced Air
Heat Source
Gas
Air Conditioning
Central Air
Water
Municipal
Parking Spaces
1
Driveway
Lane
Garage Type
Detached
Toronto Market Statistics
Toronto Price Trend
1178 Gerrard St E is a 3-bedroom 2-bathroom home listed for sale at $1,198,000, which is $146,904 (10.9%) lower than the average sold price of $1,344,904 in the last 30 days (June 3 - July 2). During the last 30 days the average sold price for a 3 bedroom home in Toronto declined by $69,225 (4.9%) compared to the previous 30 day period (May 4 - June 2) and down $55,763 (4.0%) from the same time one year ago.
Inventory Change
There were 1,180 3-bedroom homes listed in Toronto over the last 30 days (June 3 - July 2), which is up 12.2% compared with the previous 30 day period (May 4 - June 2) and up 23.6% compared with the same period last year.
Sold Price Above/Below Asking ($)
3-bedroom homes in Toronto typically sold $31,319 (2.3%) above asking price over the last 30 days (June 3 - July 2), which represents a $34,941 decrease compared to the previous 30 day period (May 4 - June 2) and $92,567 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 3-bedroom homes in Toronto over the last 30 days (June 3 - July 2) stood at 50.3%, down from 55.4% over the previous 30 days (May 4 - June 2) and down from 81.9% one year ago.
Average Days on Market when Sold vs Delisted
An average time on the market for a 3-bedroom 2-bathroom home in Toronto stood at 12 days when successfully sold over the last 30 days (June 3 - July 2), compared to 36 days before being removed from the market upon being suspended or terminated.
Listing contracted with Ipro Realty Ltd
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