$799,000

For sale

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56 Commonwealth Avenue, Toronto (Kennedy Park) - Single Family for Sale

56 Commonwealth Avenue, Toronto (Kennedy Park), Ontario, M1K4K2

2 beds1 bath4 parking ft²

96B Laurel Avenue, Toronto (Kennedy Park), Ontario, M1K3J9

4 bd2 ba5 pk1,300 ft²Lot size 23 × 104 ft (2,392 sq ft)

Listed by RE/MAX HALLMARK REALTY LTD.

124 Roebuck Drive, Toronto (Kennedy Park), Ontario, M1K2H8

For sale

15 days ago

$950K

124 Roebuck Drive, Toronto (Kennedy Park), Ontario, M1K2H8

5 bd3 ba4 pk1,300 ft²Lot size 40 × 133 ft (5,359 sq ft)

Listed by RE/MAX REALTY SPECIALISTS INC.

19 Treverton Drive, Toronto (Kennedy Park), Ontario, M1K3S5

For sale

21 days ago

$1.19M

19 Treverton Drive, Toronto (Kennedy Park), Ontario, M1K3S5

8 bd5 ba5 pk1,300 ft²Lot size 45 × 117 ft (5,256 sq ft)

Listed by HOMELIFE TOP STAR REALTY INC.

55 Laurel Avenue, Toronto (Kennedy Park), Ontario, M9B4T1

For sale

22 days ago

$1.20M

55 Laurel Avenue, Toronto (Kennedy Park), Ontario, M9B4T1

3 bd3 ba3 pk1,300 ft²Lot size 28 × 104 ft (2,860 sq ft)

Listed by LPT REALTY

Investment analysis

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$799,000

Toronto

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Overview

This 2-bedroom, 1-bathroom home in Toronto is for sale offering roughly 900 sq ft of space. Listed at $799,000, it is attractively priced about 15% below the $939,900 median asking price in Toronto. It has been on the market 24 days, fresher than the Toronto average of 54 days.

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Description

Great Opportunity for Renovators, Investors, and Builders! Situated on a generous 40 x 137.5 ft lot in a convenient location, this 2-bedroom detached bungalow offers excellent potential for renovation, expansion, or redevelopment. Features include a separate side entrance to the basement, a spacious recreation room, workshop, laundry area, a detached garage, and a private driveway with parking for up to 4 cars. Deep backyard with plenty of outdoor space. Walking distance to TTC, Kennedy GO Station, parks, schools, shopping, and other amenities. Great opportunity to invest in a desirable and established neighbourhood. Property being sold in as-is condition. (id:66096)

Property Details

MLS®: E14029452
Property Type: Single Family
Bedrooms: 2
Beds (above / below): 2 above · 0 below
Bathrooms: 1
Parking: 4
Interior Size: 900 ft²
Lot Size: 40 × 138 ft (5,508 sq ft)
Frontage: 40 ft
Storeys: 1
Style: Bungalow
Basement: None
Heating: Forced air, Natural gas
Cooling: Central air conditioning
Garage: Detached Garage, Garage
Ownership: Freehold
Property Tax: $3,521.96/yr
Listed: 24 days ago

Market Timing

Days on market

24d

Toronto (Kennedy Park) listings, avg age

54d

Price / ft²

$888

List price

$799K

Homes here sell faster than most markets

Sold homes in this market spent an average of 33 days on the market over the past year, against a median of 48 days across the markets we publish.

Homes here sell below asking price

Homes in this market sold for an average of 94.6 percent of their asking price over the past year, below the 96.4 percent median across the markets we publish.

Area context

Neighbourhood profile (M1K)

This home lists at $799,000, about 11.0× the local median household income of $72,500.

Carrying it typically needs a household income of about $156,073 (20% down, 25-yr amortization, stress-tested) — roughly 115% above the area median.

Median household income: $72,500
Population: 48,175
Median age: 40.4
Owner / renter: 50% / 50%
Avg. household size: 2.7

Source: Statistics Canada, 2021 Census (FSA M1K)

$799,000· $888/ft²

For sale

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Full Cost Breakdown

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Down Payment6.87% · $54,900

Min 6.87%50%

Mortgage payment$4,125/mo

↳ CMHC premium ($29,764 capitalized)

Property tax (est.)$293/mo

Total monthly$4,419

Cash Needed to Close

Down payment (6.87%)$54,900

Land transfer tax$24,910

Est. closing costs$4,897

Total cash needed$84,707

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Rates via our partner mortgage brokers at iShopRates · Estimates only, not financial advice

56 Commonwealth Avenue, Toronto (Kennedy Park) - Single Family for Sale

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Neighbourhood profile (M1K)

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