1 Gray Avenue, Toronto W03

Price: $879,000

3 bedrooms, 2 bathrooms

700 - 1,099 sqft

Property Type: Detached

MLS#: W12893102

Welcome to 1 Gray Avenue, a charming 3-bedroom, 2-bathroom detached home with parking that blends classic character with thoughtful modern upgrades. Step inside to find beautiful hardwood floors, upgraded lighting, and elegant traditional archways that add warmth and timeless appeal throughout the home. Decorative wainscotting enhances the main living spaces, creating a refined yet inviting atmosphere. The bright kitchen is designed for both everyday living and entertaining, featuring stone countertops, stainless steel appliances, a gas stove, and a butcher block island that offers the perfect gathering spot. The front foyer/mudroom features in-floor heating, providing comfort during colder months while adding practical everyday functionality. Upstairs, the bedrooms feature Cape Cod style ceilings. The primary bedroom offers extensive custom built-in storage, maximizing space and organization. The home also includes a finished basement with plenty of storage, providing flexible space for a recreation room, home office, gym, or additional living area. Step outside to a private backyard ready to become an entertainer's dream, complete with a gas hookup ideal for a BBQ or outdoor kitchen setup. The home is also equipped with solar panels on the roof, adding an energy-efficient feature with long-term benefits. Located in a convenient and growing west Toronto neighbourhood, you're within walking distance to grocery stores, parks, and everyday amenities, as well as excellent transit options including the nearby Mount Dennis Station, making commuting across the city simple. A fantastic opportunity to own a move-in ready detached home with parking, character, and modern upgrades in Toronto.

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New Listing
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$879,000 - 1 Gray Avenue, Keelesdale

Detached for Sale in Keelesdale

New — Listed yesterday
3Beds
2Baths
700 - 1,099Sq Ft
Detached
Property Details
MLS Number
W12893102
Property Type
Detached
Status
active
Days on Site
1
Bedrooms
3
Bathrooms
2
Square Feet
700 - 1,099 sqft
Neighbourhood
Keelesdale / Eglinton West
Listing Brokerage
RE/MAX PROFESSIONALS INC.
Description

Welcome to 1 Gray Avenue, a charming 3-bedroom, 2-bathroom detached home with parking that blends classic character with thoughtful modern upgrades. Step inside to find beautiful hardwood floors, upgraded lighting, and elegant traditional archways that add warmth and timeless appeal throughout the home. Decorative wainscotting enhances the main living spaces, creating a refined yet inviting atmosphere. The bright kitchen is designed for both everyday living and entertaining, featuring stone countertops, stainless steel appliances, a gas stove, and a butcher block island that offers the perfect gathering spot. The front foyer/mudroom features in-floor heating, providing comfort during colder months while adding practical everyday functionality. Upstairs, the bedrooms feature Cape Cod style ceilings. The primary bedroom offers extensive custom built-in storage, maximizing space and organization. The home also includes a finished basement with plenty of storage, providing flexible space for a recreation room, home office, gym, or additional living area. Step outside to a private backyard ready to become an entertainer's dream, complete with a gas hookup ideal for a BBQ or outdoor kitchen setup. The home is also equipped with solar panels on the roof, adding an energy-efficient feature with long-term benefits. Located in a convenient and growing west Toronto neighbourhood, you're within walking distance to grocery stores, parks, and everyday amenities, as well as excellent transit options including the nearby Mount Dennis Station, making commuting across the city simple. A fantastic opportunity to own a move-in ready detached home with parking, character, and modern upgrades in Toronto.

Mortgage Calculator

Estimate your monthly payments for this property

Estimated Payment

$4,509.73/mo

Includes CMHC insurance ($24,524)

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5-yr fixed avg.

Principal: $791,100Interest: $537,294
Mortgage Amount$815,624
Total Interest$537,294
Est. Property Tax$623/mo
Total Cost$1,352,918

Rates shown are estimates based on typical Ontario 5-year fixed rates. Canadian mortgages use semi-annual compounding as required by law. CMHC insurance applies to purchases under $1.5M with less than 20% down. Estimated property tax uses an approximate 0.85% rate. Contact us for current rate options and pre-approval.

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Neighbourhood Guide: Keelesdale / Eglinton West

Discover Keelesdale / Eglinton West

Keelesdale / Eglinton West is a vibrant community in the Greater Toronto Area, offering excellent amenities, schools, and transportation options. This area is popular with families and professionals seeking a balanced lifestyle with access to urban conveniences and natural spaces.

Why Live in Keelesdale / Eglinton West

  • Convenient location in Keelesdale / Eglinton West
  • Access to local shops and dining
  • Good public transit connections
  • Community parks and green spaces
  • Well-maintained neighbourhoods

Nearby Schools

Local Elementary SchoolPublic Elementary
Local Secondary SchoolPublic High School

Transit & Commuting

  • MiWay bus routes throughout the area
  • GO Transit stations within driving distance
  • Easy highway access to 401/403/QEW
  • Walking distance to local amenities

Parks & Amenities

  • Local parks and recreational facilities
  • Community centres
  • Shopping plazas nearby
  • Restaurants and cafes

Lifestyle & Community

Keelesdale / Eglinton West offers a wonderful quality of life with a mix of residential charm and urban convenience. Residents enjoy easy access to schools, parks, and shopping, making it an ideal location for families and professionals alike.

70
Walk Score
Varies
Price Range

1 Gray Avenue, Keelesdale / Eglinton West

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Investor Analysis

Rental income estimator & ROI calculator

Estimated Monthly Rent
$2,800/mo
Range: $2,380 - $3,220
Cap Rate (ROI)
2.7%
Fair

Monthly Cash Flow Breakdown

Rental Income+$2,800
Maintenance Fees-$0
Property Tax (est.)-$623
Insurance (est.)-$183
Net Cash Flow+$1,994

Note: These are estimates only. Actual figures may vary based on market conditions, property condition, and other factors. Consult with a financial advisor for personalized advice.

Joe Battaglia - Top Real Estate Agent in Mississauga, RE/MAX Realty Specialists

Joe's Thoughts

Honest perspective from 25+ years of GTA real estate experience

Premium Pricing

At $1256/sqft, this property is priced above the Keelesdale average of $950/sqft. I'd want to see upgraded finishes, premium location, or recent renovations to justify this price point. During our showing, I'll point out exactly what you're paying extra for.

Just Listed - Act Strategically

This property hit the market within the last week. In Keelesdale's current market, desirable homes often receive multiple offers within 5-7 days. If you're seriously interested, I recommend booking a showing immediately. However, never let urgency override due diligence - we'll still do proper inspections.

Detached Home Advantages

Detached homes in Keelesdale are increasingly scarce and valuable. You'll have no shared walls, full control over renovations, and typically stronger appreciation. Consider the lot size and potential for future additions or basement apartment income. Detached homes also offer the most flexibility for growing families.

Efficient Living

At 700 sqft, this is a more compact space. The upside: lower utility bills, less maintenance, and easier cleaning. Consider how you'll use the space - built-in storage, multi-functional furniture, and good organization become important. Great for singles, couples, or those who prefer a low-maintenance lifestyle.

Starter Home Potential

3 bedrooms works well for couples planning families or small families with one child. Consider whether you might outgrow the space in 5-7 years. If so, factor in potential moving costs when making your decision. Alternatively, some buyers convert a bedroom to an office and make it work long-term.

Investment Perspective

Looking at this as an investment: Keelesdale properties have averaged 5-7% annual appreciation over the past decade. Your estimated monthly carrying costs would be around $3,663 (mortgage, taxes, insurance). Consider whether you're comfortable with this as both a home and a financial commitment.

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