- Bedrooms
- 1
- Bathrooms
- 1
- Size
- 500–599sq ft
- Per sq ft
- $944at the range’s middle
- Tax a year
- $2,6392025 tax year
- Parking
- 0underground
- Days on market
- Members
The brief
About 308-2 Gladstone Ave
308-2 Gladstone Ave is a 1-bedroom, 1-bathroom condo in Little Portugal, Toronto, listed for sale at an asking price of $519,000 (MLS® C14085224).
A rare urban retreat with unmatched private outdoor living. This 1-bedroom, 550 sq.ft. unit has been refreshed with new floors and paint throughout and is move in ready. It has an exceptional 400 sq.ft. private rooftop terrace with unobstructed eastern views over the historic Gladstone Hotel to the downtown Toronto skyline and the CN Tower. Rooftop dining and entertaining are made easy with a gas line for a barbecue and an indoor prep kitchen and bathroom just beside. This 3rd-floor unit offers lots of natural light with floor-to-ceiling windows, providing privacy and an unimpeded southern views overlooking lush trees. It has soaring 9-ft exposed concrete ceilings, a modern kitchen with built-in appliances and open-concept living. This Boutique building is pet-friendly, community-focused, and has a low turnover. It is perfectly located in the heart of West Queen West, voted the coolest neighbourhood in the world - steps to the Drake Hotel, top-rated restaurants, shops, galleries, cafes, and TTC transit. Perfect for those who enjoy being within walking distance of everything you can need, with a Metro grocery store at the base of the building, a Freshco across the street, Rexall and Shoppers Drug Mart just a 5 minute walk away, and a quick 5-minute drive to the Gardiner Highway and Lakeshore Boulevard. A one-of-a-kind terrace lifestyle in one of Toronto's most creative and connected neighbourhoods.
Insights
Condition Score
Fair66/1004 condition-related facts documented
Source: Listing age, structured features and disclosed update language; not an inspection.
Cashflow Quality
Shortfall37/100−$754/mo against the cost of owning (20% down, 4.8%, 25 yrs)
Source: Median of 6 condos with 1 bedroom for lease in Little Portugal right now. Cost of owning counts the mortgage, property tax and the condo fee.
Condition uses listing-record signals, not an inspection.
The home
Key facts
- Tax
- $2,639 / 2025
- MLS® number
- C14085224
- Board
- TRREB MLS®
- Property Type
- Condo Apt
- Days on market
- Size
- 500-599 sqft
- Listed on
- Parking
- Underground, 0 Parking
Property details
Property
- Property Type
- Condo Apt
- Style
- Apartment
- Community
- Little Portugal
- Municipality
- Toronto
Building
- Size
- 500-599 sqft
- Construction
- Brick
Inside
- Bedrooms
- 1
- Bathrooms
- 1
- Bathroom Details
- 1 × 4pc
- Basement Type
- None
- Kitchens
- 1
Parking
- Garage Type
- Underground
- Additional Parking
- 0
- Total Parking
- 0
Utilities
- Cooling
- Central Air
- Heating Type
- Forced Air
Additional
- Fireplace
- No
- Den
- No
- Family room
- No
- Extras
- Stainless Steel Fridge, Stove, Microwave, Dishwasher, Washer & Dryer, Light Fixtures
- Condo maint.
- $641
Rooms
| Room | Size | Features | Level |
|---|---|---|---|
| Kitchen | 5.3 × 4.38 m | Galley Kitchen, Laminate | Flat |
| Living | 5.3 × 4.38 m | Combined W/Dining, Laminate, South View | Flat |
| Dining | 4.38 × 4.38 m | Combined W/Living, Laminate, South View | Flat |
| Primary | 2.77 × 2.74 m | Closet, Sliding Doors | Flat |
Listing history
Buy/sell history for 308-2 Gladstone Ave, Toronto, Ontario
Sale history on this site covers the last 2 years, the window permitted under the TRREB MLS® VOW agreement.
| Date Start | Date End | List Price | Price | Event | Listing ID |
|---|---|---|---|---|---|
| Date StartN/A | N/A | $519,000 | N/A | For Sale | C14085224 |
Members see the full history. Prices are hidden from signed-out visitors.
The numbers
Mortgage Calculator
Plan with the current asking price
CMHC insurance: not required at 20% down. Payments use Canadian semi-annual compounding.
Mortgage Details
4.8% · 5-year term · 25-year amortization · 20% down
- Total down payment
- $103,800
- Total mortgage amount
- $415,200
- Total interest payment
- $295,200
- Total purchase cost
- $814,200
- Mortgage payment
- $2,368/mo
Cash Flow Analysis
If you rented this home out at 20% down
Break-even down payment
45%Monthly carrying cost
$3,229- Rent $2,475
- Shortfall $754
Rental income opens at $2,475, the median asking rent of 6 comparable homes for lease in Little Portugal. Type over it with the rent you expect. This is a planning tool, not advice.
Land transfer tax on this home
- Ontario land transfer tax
- $6,855
- Toronto municipal land transfer tax
- $6,855
- Total land transfer tax
- $13,710
- First-time buyer rebates (Ontario up to $4,000 + Toronto up to $4,475)
- −$8,475
- Total for first-time buyers
- $5,235
See how this is worked out
- 0.5% on the first $55,000
- $275
- 1.0% from $55,000 to $250,000
- $1,950
- 1.5% from $250,000 to $400,000
- $2,250
- 2.0% from $400,000 to $519,000
- $2,380
- Ontario total
- $6,855
Toronto’s municipal tax uses the same brackets at this price, so it adds another $6,855.
An estimate at the asking price, for a home with one or two single-family residences. Your lawyer confirms the exact amount.
Estimate
Estimated value requires sign in
Market estimates use sold comparables and are available after you sign in and accept MLS® VOW terms.
The estimate is an automated value built from public and MLS® data. It is not an appraisal; ask Kassaundra Dobson, Broker of Record for a full comparative market analysis.
Comparable sales
Comparable sales require sign in
Closing prices and sold comps are available to registered visitors who accept MLS® VOW terms on this site.
The land
Land and environment
Public records about this location. Not part of the MLS® listing and not provided by the listing brokerage.
Water and conservation4
- Not in Toronto and Region Conservation Authority’s mapped regulated areaAt the address
- No mapped wetland within 120 m120 m
- No water-supply well recorded within 250 m115 test or monitoring holes also recorded.250 m
- Groundwater recorded about 4.5 m below ground nearbyThe middle water level in the well records within 500 m (359 records). It changes with the season and from spot to spot.500 m
Toronto and Region Conservation Authority · Province of Ontario open data
Planning and building activity5
- Outside the Greenbelt, Oak Ridges Moraine and Niagara Escarpment plan areasAt the address
- 67 building permits issued within 250 m in the last 2 years250 m
- 7 open development applications within 250 mAn application is a proposal: it may change, be refused or never be built.250 m
- Nearest airport: 2.5 km2.5 km
- Mapped parcel: about 2,060 sq ftMeasured from the municipal parcel map, which can differ from the survey and from the lot size in the listing.At the address
Province of Ontario open data · Municipal building permits · Municipal development applications · toronto.parcels
Around the home2
- Nearest rail line: 60 m60 m
- A trail on the Ontario trail network within 1 km1 km
Province of Ontario open data
Environmental records4
- No licensed pit or quarry within 2 km2 km
- No recorded oil, gas or salt well within 250 m250 m
- 2 facilities within 1 km report pollutant releases to Environment CanadaThe nearest is City of Toronto — 1116 King Street West, 270 m away. Facilities report to the National Pollutant Release Inventory above set thresholds; reporting a release is not a finding of harm.1 km
- No federal contaminated site within 1 kmThe federal inventory covers federal land only; it says nothing about provincial or private sites.1 km
Province of Ontario open data · Government of Canada open data
Power and internet3
- Electricity is distributed here by Toronto Hydro-Electric System LimitedAt the address
- Wired internet 50/10 Mbps or faster is listed at a household 30 m awayFixed wireless 50/10 Mbps or faster. LTE mobile coverage listed. ISED’s National Broadband Data at the nearest household point (30 m from the listing); 50/10 Mbps is its top category and includes faster plans. Confirm with a provider for this address.30 m
- Across the surrounding area: fibre to the home, cable, DSL internet listedFibre to the home: Beanfield Metroconnect, Bell, CIK Telecom, Dotto One, FibreStream, Rally, Rogers. Cable: Rogers. DSL: Bell. Fixed wireless: Rogers, SkyChoice Communications. Mobile: Bell, Freedom Mobile, Rogers, Telus. Satellite: Xplore. ISED’s list for the surrounding ~25 km² area; check with a provider for this address.Area-wide
Ontario Energy Board · Innovation, Science and Economic Development Canada
Each record is placed at the distance its own line states. None of it is an inspection of the property. Confirm anything that matters to you with the municipality, Toronto and Region Conservation Authorityor the record’s publisher.
Contains information licensed under the Open Government Licence – Canada. Contains information licensed under the Open Government Licence – Ontario. Contains information licensed under the Open Government Licence – Toronto. Contains information made available under the Toronto and Region Conservation Authority Open Data Licence v1.0.
Heritage and ravine protection
- Not found on the Heritage Register
- Not in a mapped Heritage Conservation District
- Not in the mapped ravine protection area
What this means: None of these City records was found at this address. That does not rule out other approvals, such as a conservation authority permit, so check before you plan work.
City of Toronto Heritage Register, Heritage Conservation Districts and the Ravine and Natural Feature Protection by-law, read at this address from the City’s maps. Contains information licensed under the Open Government Licence – Toronto.
Zoning
By-law
See Former City of Toronto By-Law No. 438-86What this means:the City’s 2013 zoning by-law does not cover this land, so the former municipality’s by-law still sets what may be built. Confirm the rules with the City before you plan.
City of Toronto zoning map, read at this address. Open the City’s zoning map. Contains information licensed under the Open Government Licence – Toronto.
Permit history
16 building permits cleared at this address in the City’s file.
Building Permit Related(MS)Closed
HVAC - Proposal for interior alterations to existing bank on ground floor - "RBC"
Issued March 2, 2017
Interior AlterationsClosed
Proposal for interior alterations to existing bank on ground floor - "RBC"
Issued March 1, 2017
Building Permit Related(MS)Closed
HVAC - Proposal for interior alterations to Unit A for a restaurant "Lao Thai"
Issued June 14, 2016
Building Permit Related(PS)Closed
Plumbing - Proposal for interior alterations to Unit A for a restaurant "Lao Thai"
Issued June 14, 2016
Interior AlterationsInspection
Proposal for interior alterations to Unit A for a restaurant "Lao Thai"
Issued June 14, 2016
HVAC: Groups D & EInspection
Proposal to install heat pump and condenser in Unit A, future tenant to come in for fit-out permit
Issued May 3, 2016
Building Permit Related(MS)Inspection
HVAC - Interior alterations to ground floor commercial space for retail use. Unit C. Tenant - "GNC".
Issued August 29, 2014
HVAC: Groups D & EInspection
Proposal to install heat pump and new air duct un Unit B, future tenant to come in for fit-out permit
Issued August 8, 2014
City of Toronto Open Data — cleared building permits, which begin in 2017. Contains information licensed under the Open Government Licence – Toronto.
Signals around this home
Changing nearby. 6 open development applications within 800 m of this home.
31 GLADSTONE AVESite planUnder Review
Site Plan Approval for a 6-storey residential building containing 28 residential dwelling units, and having a residential gross floor area of 2908 square metres.
100 m away33 GLADSTONE AVESite planUnder Review
Site Plan Approval for a 6-storey residential building containing 28 residential dwelling units, and having a residential gross floor area of 2908 square metres.
100 m away23 NORTHCOTE AVECondominiumUnder Review
Draft Plan of Condominium for a 3-storey residential building comprised of 2 residential units.
150 m away1153 QUEEN ST WOfficial plan or zoning amendmentOMB Appeal
Zoning By-law Amendment for a 27-storey mixed-use building with retail at-grade. There will be 367 dwelling units, including 10 rental replacement units.
210 m away340 DUFFERIN STSite planUnder Review
Proposal for a mixed-use development consisting of three buildings at 9, 26 and 29 storeys and incorporating portions of the existing buildings. The development consists of a total of 768 residential units with 46,713.05 sqm residential space, 1,964.5 sqm of Commercial/Flex space and 495sqm of flex space. A community garden/greenhouse and internal courtyard to provide a mid-block connection is proposed. There are 208 underground parking spaces, and 868 bicycle parking spaces proposed.
230 m away6 NOBLE STSite planUnder Review
Site Plan Approval for an 12-storey (41.5m) mixed-use building having a residential gross floor area of 12,069 square metres, and a non-residential gross floor area of 40 square metres. 169 residential dwelling units are proposed.
230 m away
City of Toronto Open Data — Development Applications and Building Permits (cleared permits since 2017). An application is a proposal: it may change, be refused or never be built. Contains information licensed under the Open Government Licence – Toronto.
The market
Condos for sale in Little Portugal right now
- For sale now
- 37
- Median asking price
- $545K
- New in 7 days
- 4
- Price cuts
- 16%
Middle half: $500K to $599K
21 in 28 days
6 listings
This home is asking 5% below the median.
See all homes in Little PortugalAsking prices and counts of the MLS® listings on this site as of today. Asking figures only, never sold or leased prices.
Market area · filters apply to the charts below
The street
Map and tour
Transit nearby
| Station | Lines | Distance |
|---|---|---|
| Exhibition GO | GO Transit train: Lakeshore West | 1.1 km |
| Dufferin Station | TTC subway: Line 2 Bloor-Danforth | 2 km |
| Ossington Station | TTC subway: Line 2 Bloor-Danforth | 2.2 km |
| Lansdowne Station | TTC subway: Line 2 Bloor-Danforth | 2.2 km |
| Bloor GO | GO Transit train: KitchenerUP Express train | 2.4 km |
The nearest subway, light rail, train, bus rapid transit stations 5 km, as the crow flies. Source: TTC schedule data (GTFS) from the Toronto Transit Commission under the Open Government Licence – Toronto; GO Transit and UP Express schedule data (GTFS) from Metrolinx under the Open Government Licence – Ontario – Metrolinx, downloaded October 18, 2026. Contains information licensed under the Open Government Licence – Toronto. Data used in this product or service is provided with the permission of Metrolinx. Metrolinx makes no representations or warranties of any kind, express or implied, with respect to the Data and assumes no responsibility for the accuracy or currency of the data used in this product or service. Contains information licensed under the Open Government Licence – Ontario – Metrolinx.
Schools nearby
| Elementary | Type | Distance | EQAO average 2024–25 |
|---|---|---|---|
| The Grove Community SchoolToronto DSB | Public · grades JK–6 | 350 m | — |
| Alexander Muir/Gladstone Ave Junior and Senior Public SchoolToronto DSB | Public · grades JK–8 | 350 m | 70%Grade 6 average |
| St Ambrose Catholic SchoolToronto CDSB | Catholic · grades JK–8 | 650 m | 82%Grade 6 average |
| École élémentaire Pierre-Elliott-TrudeauConseil scolaire Viamonde | French-language public · grades JK–6 | 1.5 km | 94%Grade 6 average |
| Secondary | Type | Distance | Grade 9 math 2024–25 |
|---|---|---|---|
| Msgr Fraser College (Southwest)Toronto CDSB | Catholic · grades 9–12 | 650 m | — |
| Parkdale Collegiate InstituteToronto DSB | Public · grades 9–12 | 800 m | 61%Grade 9 math |
| ÉSC Saint-Frère-AndréConseil scolaire catholique MonAvenir | French-language Catholic · grades 9–12 | 1.5 km | 69%Grade 9 math |
| École secondaire Toronto OuestConseil scolaire Viamonde | French-language public · grades 9–12 | 1.6 km | 82%Grade 9 math |
EQAO: share of students at or above the provincial standard, 2024–25 (Ontario open data). These are the schools nearest this home, not the schools it is assigned to: boundaries change, and some schools take students by application. Confirm with the board before you buy. Contains information licensed under the Open Government Licence – Ontario.
The verdict
Similar Active Listings
Recently sold nearby
Sold prices in Little Portugal are shown to signed-in members.