53 Gaiety Dr is a 3-bedroom, 3-bathroom detached home in Toronto, listed for $999,000. It has 1500-2000 sq ft of living space.
1Stunning 50-foot lot wonderful bungalow featuring 3 spacious bedrooms in main floor and 4 bathrooms.
2This property has been completely renovated with modern bathrooms, new windows, a contemporary kitchen, new flooring, a new roof, a furnace, and a gas water tank.
Must see! Stunning 50-foot lot wonderful bungalow featuring 3 spacious bedrooms in main floor and 4 bathrooms. This property has been completely renovated with modern bathrooms, new windows, a contemporary kitchen, new flooring, a new roof, a furnace, and a gas water tank. Parking for 3 vehicles is included. Prime Location: Nestled in a quiet residential neighborhood near Lawrence and McCowan, just steps from Scarborough General Hospital. The upcoming Lawrence and McCowan subway station is only a 5-minute walk away, offering a convenient 30-minute commute to downtown Toronto. Scarborough Town Center is within a 5-minute drive. Income Potential. The property features two separate entrances and a 2 fully self-contained basement apartments, with potential dual-family rental arrangements at $3,500 per month. Don't miss this
3 bedrooms, 3 bathrooms, about 1,500 sq ft, works out to roughly $666 per square foot, the bed-to-bath ratio is generous. Chat with Zara if you'd like a deeper read on whether this detached fits your budget and timing.
Inside 53 Gaiety Dr
Every detail from the listing, in one place.
Type
Detached
Style
Bungalow
Living space
1500-2000 sq ftas stated on the listing
Parking
3 spacesYes garage
Basement
Apartment, Finished
Features & systems
Parking & garage
Garage
Yes
Parking spaces
3
Interior
Basement
Apartment · Finished
Lot & land
Lot size (sqft)
0
Listing & possession
Property style
Bungalow
Property class
Detached
53 Gaiety Dr Price & Sale History
Earlier listings of this property, list-price changes, and the most recent annual property tax on the listing.
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
$4,908
/mo
based on the purchase price of $999,000
$199,800 cash
$799,200 financed
$673,136 total interest
Principal54%$799,200
Interest46%$673,136
20% down · 25-yr amortization · 5.50% rate. Principal & interest only — taxes, condo fees, and insurance not included.
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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.
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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 $999K.
Average days on market31Homes sold in about 31 days on average.
Sale-to-list ratio4900.6%On average, homes sold at or above asking.
Active listings12,690Homes for sale here right now.
Median vs prior 90 days+2.8%Compared with Apr 16 – Jul 15, 2026: prices up.
Based on 9,684 sales from Jul 15 – Oct 13, 2026 (6,629 in the prior 90 days). Aggregate MLS® figures for closed sales; individual sold prices are shown only to signed-in members.
53 Gaiety Dr is listed at $999,000 (MLS® E13541378). Summitly updates the price as soon as the MLS® record changes.
Is $999,000 a good price for 53 Gaiety Dr?
Summitly rates it Excellent Deal: the asking price is 10% or more below 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 53 Gaiety Dr changed?
Yes — it was first listed at $999,900 and is now $999,000, a drop of $900 (0.1%).
How many bedrooms and bathrooms does 53 Gaiety Dr have?
53 Gaiety Dr has 3 bedrooms and 3 bathrooms, with about 1,500–2,000 square feet of living space. It is a detached home in Toronto.
Is 53 Gaiety Dr close to transit?
The nearest rapid-transit station is Eglinton GO Station (Lakeshore East GO), about 2.0 km (about a 25-minute walk) in a straight line. Guildwood GO Station is about 3.1 km, and Kennedy Station is about 3.4 km. Distances are straight-line, not walking routes; check the transit agency for routes and schedules.
How much would the monthly mortgage be on 53 Gaiety Dr?
About $4,908 a month — principal and interest on $999,000 with 20% down ($199,800), 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 53 Gaiety Dr compare with other homes in Toronto?
Its asking price of $999,000 is about 18% above the median sold price in Toronto over the last 90 days, $848,250, across 9,684 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 53 Gaiety Dr been sold before?
Summitly has no earlier MLS® sale or lease of 53 Gaiety Dr on record from the last two years. Older records aren't shown under TRREB rules.
Where is 53 Gaiety Dr?
53 Gaiety Dr is in Toronto, ON. Schools, transit, parks and shops nearby are under Location & lifestyle on this page.
How long has 53 Gaiety Dr been on the market?
97 days — 53 Gaiety Dr was listed on July 8, 2026.
What is the price per square foot of 53 Gaiety Dr?
About $500 to $666 per square foot: the asking price of $999,000 over the 1,500–2,000 sq ft the listing gives as its size range.
Does 53 Gaiety Dr have parking or a garage?
Yes — the listing gives 3 parking spaces. Garage: Yes.
