$1,725,000 - 12 Gibson Avenue, Etobicoke
Multi-Family for Sale in Etobicoke
141 days on market- MLS Number
- W12582486
- Property Type
- Multi-Family
- Status
- active
- Days on Site
- 141
- Bedrooms
- 8
- Bathrooms
- 4
- Square Feet
- 1,100 - 1,499 sqft
- Neighbourhood
- Etobicoke (West Mall / Rexdale)
- Lot Size
- 9,042 sqft
- Listing Brokerage
- HARVEY KALLES REAL ESTATE LTD.
Charming 4-Unit Home on a Large, Leafy Lot - A Rare Opportunity in a Quiet Family Neighbourhood Beautifully converted home offering four self-contained suites, each with its own character and charm. Set on an expansive flat lot with mature greenery, this property blends multi-unit functionality with the warmth and appeal of a traditional family neighbourhood. The home features a mix of spacious layouts, updated kitchens and baths, bright living areas, and ample outdoor space for tenants to enjoy. Ideal for investors seeking stable income in a high-demand rental area, or for an owner-occupier looking to live in one unit while generating strong supplementary income. Located on a peaceful, tree-lined street close to parks, good schools, transit, and everyday amenities. Plenty of on-site parking and a generous backyard add to the long-term value. A rarely offered multi-unit opportunity in a truly residential setting. Additional Opportunity: The property is currently held in a corporation. The seller is open to an offer for the shares of the holding company, which may provide certain purchasers with potential tax and land-transfer cost efficiencies. (Buyers are advised to consult their own legal and accounting professionals.)A must-see for investors and families alike.
Estimate your monthly payments for this property
Estimated Payment
$7,630.26/mo
5-yr fixed avg.
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.
Discover Etobicoke (West Mall / Rexdale)
Etobicoke (West Mall / Rexdale) 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 Etobicoke (West Mall / Rexdale)
- •Convenient location in Etobicoke (West Mall / Rexdale)
- •Access to local shops and dining
- •Good public transit connections
- •Community parks and green spaces
- •Well-maintained neighbourhoods
Nearby Schools
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
Etobicoke (West Mall / Rexdale) 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.
12 Gibson Avenue, Etobicoke (West Mall / Rexdale)
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Monthly Cash Flow Breakdown
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's Thoughts
Honest perspective from 30+ years of GTA real estate experience
Premium Pricing
At $1568/sqft, this property is priced above the Etobicoke 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.
Negotiation Opportunity
At 141 days on site, this property has exceeded the typical selling timeline for Etobicoke. This creates leverage for buyers. The seller may be motivated by carrying costs, life circumstances, or previous deals falling through. I'd recommend a strategic offer below asking with terms that favour you.
Excellent Flexibility
With 8 bedrooms, you have genuine flexibility. Beyond the master and kids' rooms, you can have a dedicated home office, guest room, hobby space, or even rental income potential. In today's work-from-home era, extra bedrooms add significant value. Properties with 5+ bedrooms are relatively rare in Etobicoke.
Bathroom Count Matters
With 4 bathrooms, morning routines are much smoother. Multiple bathrooms significantly improve daily livability and are a major selling point for resale. Buyers consistently pay more for adequate bathroom counts - this is a strong feature.
Investment Perspective
Looking at this as an investment: Etobicoke properties have averaged 5-7% annual appreciation over the past decade. Your estimated monthly carrying costs would be around $7,188 (mortgage, taxes, insurance). Consider whether you're comfortable with this as both a home and a financial commitment.
Let's See It Together
Photos only tell part of the story. During our showing, I'll point out things the camera doesn't capture: neighbourhood feel, natural light quality, traffic noise, and overall condition. I'll also share what comparable homes have sold for and help you craft a winning strategy if you decide to move forward.