In-place income. Build six storeys as of right, and build and sell laneway housing. Potential for 26 units in total. Opportunity to purchase together with the property next door. Buyer is responsible for conducting their own due diligence. Great School District W Adam Beck & Malvern... This Lovely Open Concept Upper Beach House Has It All. Close To All Kinds Of Shopping, Restaurants, Transportation, Parks, Trails & The Beach. Large Fenced In Garden That Is Perfect For Entertaining + On Site Parking. There Have Been Many Updates In Past 10 Years. The Basement Is High & Good Space To Work With If You Want To Finish.
2 bedrooms, 1 bathroom, about 1,100 sq ft, works out to roughly $882 per square foot. Chat with Zara if you'd like a deeper read on whether this semi-detached fits your budget and timing.
Inside 2396 Gerrard St E
Every detail from the listing, in one place.
Type
Semi-Detached
Style
2-Storey
Living space
1100-1500 sq ftas stated on the listing
Lot size
16.00 x 170.33 Feet
Parking
1 space
Basement
Unfinished
Features & systems
Parking & garage
Parking spaces
1
Interior
Basement
Unfinished
Lot & land
Lot dimensions
16.00 x 170.33 Feet
Lot size (sqft)
0
Listing & possession
Property style
2-Storey
Property class
Semi-Detached
2396 Gerrard St E Price & Sale History
Earlier listings of this property, list-price changes, and the most recent annual property tax on the listing.
For saleListedThis listingMLS® E14155602$970,000
Sourced from MLS®. Includes earlier listings of this property on record.
What's it worth?
How 2396 Gerrard St E Compares to the Toronto Market
Zara compares it with recent sales of similar homes nearby. It's a guide, not an appraisal.
Independent mortgage broker · OAC · rates subject to change and underwritingMortgage Squad →
Referral disclosure: Summitly may refer you to Mortgage Squad Advisors, an affiliated mortgage partner. You are free to choose any lender or mortgage professional.
Monthly cost
Enter a rate to see the monthly cost
An estimate, not a quote. Utilities and insurance are extra.
Affordability calculator
Estimated monthly payment
$4,765
/mo
based on the purchase price of $970,000
$194,000 cash
$776,000 financed
$653,596 total interest
Principal54%$776,000
Interest46%$653,596
20% down · 25-yr amortization · 5.50% rate. Principal & interest only — taxes, condo fees, and insurance not included.
Want rate-drop alerts and a saved shortlist?
Figures are Summitly estimates for illustration only — not from TRREB or the MLS® feed, and not a mortgage approval, appraisal, or financial advice.
Rental income potential
Est. monthly rent
low–high
Gross yield
rent × 12 ÷ price
Cap rate (est.)
net of tax + fees
Summitly AI estimate for discussion only — not from TRREB or the MLS® feed, and not an appraisal or investment advice. Yield and cap rate are derived from the estimated rent versus the asking price.
For homeowners nearby
Own a home on Gerrard Street East? See what yours is worth
Get an instant estimate for your own home, based on recent sales around you. A free account shows the number and emails you the full report.
Free · No obligation · Backed by Coldwell Banker
Book a tour of 2396 Gerrard St E with a licensed buyer's agent
Your agent is usually paid from the seller's side. We'll confirm the co-operating commission on this listing before you sign anything.
Zara, any time
Zara · AI virtual agent
Ask about 2396 Gerrard St E day or night. Zara reads this listing and answers in plain words. When you want a person, she hands you to a licensed agent.
A licensed local agent
Your agent shows you the home, checks the paperwork and negotiates your offer, on your side, not the seller's.
Mortgage financing is arranged through Mortgage Squad Advisors. Summitly is the technology platform that powers this site. Estimated values, AI insights, calculator results, and rental projections shown on this page are generated by Summitly and are not provided by, reviewed by, or sourced from TRREB, the MLS®, or the listing brokerage; they are not appraisals or opinions of value. The trademarks REALTOR®, REALTORS®, and the REALTOR® logo are controlled by the Canadian Real Estate Association (CREA) and identify real estate professionals who are members of CREA. The Coldwell Banker® name and logo are trademarks of Coldwell Banker Real Estate LLC.
Similar homes for sale nearby in Toronto
Other 3–5 bed homes for sale in Toronto around $970K.
Average days on market32Homes sold in about 32 days on average.
Sale-to-list ratio5190.6%On average, homes sold at or above asking.
Active listings11,882Homes for sale here right now.
Median vs prior 90 days+0.4%Compared with May 10 – Aug 8, 2026: prices up.
Based on 9,132 sales from Aug 8 – Nov 6, 2026 (7,132 in the prior 90 days). Aggregate MLS® figures for closed sales; individual sold prices are shown only to signed-in members.
Questions About 2396 Gerrard St E
How much is 2396 Gerrard St E listed for?
2396 Gerrard St E is listed at $970,000 (MLS® E14155602). Summitly updates the price as soon as the MLS® record changes.
Is $970,000 a good price for 2396 Gerrard St E?
Summitly rates it Fair Price: the asking price is Within 3% below to 5% above Zara's estimate, an estimate built from recent sales in Toronto. The rating is an automated opinion, not an appraisal; "What's it worth?" on this page shows how it is worked out. See Zara's estimate
Has the price of 2396 Gerrard St E changed?
No — 2396 Gerrard St E is still listed at its original asking price of $970,000.
How many bedrooms and bathrooms does 2396 Gerrard St E have?
2396 Gerrard St E has 2 bedrooms and 1 bathroom, with about 1,100–1,500 square feet of living space. It is a semi-detached home in Toronto.
How much would the monthly mortgage be on 2396 Gerrard St E?
About $4,765 a month — principal and interest on $970,000 with 20% down ($194,000), a 25-year amortization and an assumed 5.5% interest rate. The mortgage calculator on this page lets you change the down payment, amortization and rate.
How does 2396 Gerrard St E compare with other homes in Toronto?
Its asking price of $970,000 is about 15% above the median sold price in Toronto over the last 90 days, $843,500, across 9,132 closed sales on the TRREB MLS®. A city median mixes every type and size of home, so the comparable sales on this page are the closer guide.
Has 2396 Gerrard St E been sold before?
Summitly has no earlier MLS® sale or lease of 2396 Gerrard St E on record from the last two years. Older records aren't shown under TRREB rules.
Where is 2396 Gerrard St E?
2396 Gerrard St E is in Toronto, ON. Schools, transit, parks and shops nearby are under Location & lifestyle on this page.
How long has 2396 Gerrard St E been on the market?
1 day — 2396 Gerrard St E was listed on November 5, 2026.
What is the price per square foot of 2396 Gerrard St E?
About $647 to $882 per square foot: the asking price of $970,000 over the 1,100–1,500 sq ft the listing gives as its size range.
Does 2396 Gerrard St E have parking or a garage?
Yes — the listing gives 1 parking space.
Does 2396 Gerrard St E have a basement, and is it finished?
The listing describes the basement as: Unfinished.
