Basement Separate Entrance, Finished with Walk-Out
What you should know
56 Gatesview Ave is a 5-bedroom, 4-bathroom detached home in Toronto, listed for $1,195,000. It has 1500-2000 sq ft of living space.
1Of Finished Living Space.
2The Inviting Layout Effortlessly Blends Everyday Comfort With Functional Living, Highlighted By A Walk-Out Basement And A Separate Entrance Offering Immense Income Potential.
3Step Outside To Your Sprawling, Ultra-Private Backyard Oasis Where Relaxation Meets Majestic Views.
Welcome To A Truly Rare Opportunity! Nestled In A Quiet Neighborhood, This Spacious And Well-Maintained 5+2 Bedroom, 4 Bathroom Family Home Offers Approximately 3,414 Sq. Ft. Of Finished Living Space. Situated In A Highly Sought-After Pocket Just A Short Stroll From The Prestigious Scarborough Golf And Country Club, This Home Sits On An Impressive 71 X 200 Ft Premium Lot Where The Possibilities Are Endless. The Inviting Layout Effortlessly Blends Everyday Comfort With Functional Living, Highlighted By A Walk-Out Basement And A Separate Entrance Offering Immense Income Potential. This Home Is Ideal For Multi-Family Living, Growing Households, Or Investors Exploring Future Development. Step Outside To Your Sprawling, Ultra-Private Backyard Oasis Where Relaxation Meets Majestic Views. This Rarely Offered Gem Just Minutes To All Amenities, Including Transit, Shopping, Parks, Schools, And The Beautiful Shores Of Lake Ontario. Don't Miss The Chance To Own This Beautiful Home.
5 bedrooms, 4 bathrooms, about 1,500 sq ft, works out to roughly $797 per square foot. Chat with Zara if you'd like a deeper read on whether this detached fits your budget and timing.
Inside 56 Gatesview Ave
Every detail from the listing, in one place.
Type
Detached
Style
Backsplit 5
Living space
1500-2000 sq ftas stated on the listing
Parking
8 spacesYes garage
Basement
Separate Entrance, Finished with Walk-Out
Features & systems
Parking & garage
Garage
Yes
Parking spaces
8
Interior
Basement
Separate Entrance · Finished with Walk-Out
Lot & land
Lot size (sqft)
0
Listing & possession
Property style
Backsplit 5
Property class
Detached
56 Gatesview Ave Price & Sale History
Earlier listings of this property, list-price changes, and the most recent annual property tax on the listing.
For saleListedThis listingMLS® E13764188$1,195,000
Sourced from MLS®. Includes earlier listings of this property on record.
What's it worth?
How 56 Gatesview Ave 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
$5,871
/mo
based on the purchase price of $1,195,000
$239,000 cash
$956,000 financed
$805,203 total interest
Principal54%$956,000
Interest46%$805,203
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.
For homeowners nearby
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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 4–5 bed homes for sale in Toronto around $1.2M.
Average days on market32Homes sold in about 32 days on average.
Sale-to-list ratio5104.0%On average, homes sold at or above asking.
Active listings12,545Homes for sale here right now.
Median vs prior 90 days−0.4%Compared with May 13 – Aug 11, 2026: prices down.
Based on 9,290 sales from Aug 11 – Nov 9, 2026 (7,223 in the prior 90 days). Aggregate MLS® figures for closed sales; individual sold prices are shown only to signed-in members.
56 Gatesview Ave is listed at $1,195,000 (MLS® E13764188). Summitly updates the price as soon as the MLS® record changes.
Is $1,195,000 a good price for 56 Gatesview Ave?
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 56 Gatesview Ave changed?
No — 56 Gatesview Ave is still listed at its original asking price of $1,195,000.
How many bedrooms and bathrooms does 56 Gatesview Ave have?
56 Gatesview Ave has 5 bedrooms and 4 bathrooms, with about 1,500–2,000 square feet of living space. It is a detached home in Toronto.
Is 56 Gatesview Ave close to transit?
The nearest rapid-transit station is Guildwood GO Station (Lakeshore East GO), about 1.4 km (about a 17-minute walk) in a straight line. Eglinton GO Station is about 1.8 km (about a 23-minute walk), and Kennedy Station is about 4.5 km. Distances are straight-line, not walking routes; check the transit agency for routes and schedules.
How much would the monthly mortgage be on 56 Gatesview Ave?
About $5,871 a month — principal and interest on $1,195,000 with 20% down ($239,000), 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 56 Gatesview Ave compare with other homes in Toronto?
Its asking price of $1,195,000 is about 42% above the median sold price in Toronto over the last 90 days, $840,000, across 9,290 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 56 Gatesview Ave been sold before?
Summitly has no earlier MLS® sale or lease of 56 Gatesview Ave on record from the last two years. Older records aren't shown under TRREB rules.
Where is 56 Gatesview Ave?
56 Gatesview Ave is in Toronto, ON. Schools, transit, parks and shops nearby are under Location & lifestyle on this page.
How long has 56 Gatesview Ave been on the market?
60 days — 56 Gatesview Ave was listed on September 10, 2026.
What is the price per square foot of 56 Gatesview Ave?
About $598 to $797 per square foot: the asking price of $1,195,000 over the 1,500–2,000 sq ft the listing gives as its size range.
Does 56 Gatesview Ave have parking or a garage?
Yes — the listing gives 8 parking spaces. Garage: Yes.
