- Bedrooms
- 2
- Bathrooms
- 1
- Size
- 700–1,100sq ft
- Per sq ft
- $888at the range’s middle
- Lot
- 40 x 137.68 ft
- Tax a year
- $3,5222026 tax year
- Parking
- 41 detached
- Days on market
- Members
The brief
About 56 Commonwealth Ave
56 Commonwealth Ave is a 2-bedroom, 1-bathroom detached house in Kennedy Park, Toronto, listed for sale at an asking price of $799,000 (MLS® E14029452).
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.
Insights
Condition Score
Good68/1006 condition-related facts documented
Source: Listing age, structured features and disclosed update language; not an inspection.
Cashflow Quality
Shortfall11/100−$1,939/mo against the cost of owning (20% down, 4.8%, 25 yrs)
Source: Median of 453 detached homes with 2 bedrooms for lease in Toronto right now. Cost of owning counts the mortgage and property tax.
Condition uses listing-record signals, not an inspection.
The home
Key facts
- Tax
- $3,522 / 2026
- MLS® number
- E14029452
- Board
- TRREB MLS®
- Property Type
- Detached
- Days on market
- Size
- 700-1100 sqft
- Lot Size
- 40 x 137.68 ft
- Listed on
- Parking
- 1 Detached, 4 Parking
Property details
Property
- Property Type
- Detached
- Style
- Bungalow
- Community
- Kennedy Park
- Municipality
- Toronto
Building
- Size
- 700-1100 sqft
- Construction
- Brick
Inside
- Bedrooms
- 2
- Bathrooms
- 1
- Bathroom Details
- 1 × 3pc Main
- Basement Type
- None
- Kitchens
- 1
Parking
- Driveway
- Available
- Garage Type
- Detached
- Garage
- 1
- Additional Parking
- 3
- Total Parking
- 4
Utilities
- Water
- Municipal
- Cooling
- Central Air
- Heating Type
- Forced Air
Land
- Sewer
- Sewers
- Frontage
- 40 ft
- Depth
- 137.68 ft
- Lot Size
- 40 x 137.68 ft
Additional
- Foundation
- Concrete Block
- Roof
- Asphalt Shingle
- Fireplace
- No
- Pool
- None
- Den
- No
- Family room
- No
- Extras
- Property being sold in as-is condition.
Rooms
| Room | Size | Features | Level |
|---|---|---|---|
| Kitchen | 2.74 × 3.66 m | — | Main |
| Dining | 3.51 × 4.88 m | Broadloom, Window | Main |
| Primary | 3.2 × 3.44 m | Broadloom, Window, Closet | Main |
| 2nd Br | 3.2 × 3.35 m | Broadloom, Window, Closet | Main |
Listing history
Buy/sell history for 56 Commonwealth 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 | $799,000 | N/A | For Sale | E14029452 |
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
- $159,800
- Total mortgage amount
- $639,200
- Total interest payment
- $454,600
- Total purchase cost
- $1,253,600
- Mortgage payment
- $3,646/mo
Cash Flow Analysis
If you rented this home out at 20% down
Break-even down payment
63%Monthly carrying cost
$3,939- Rent $2,000
- Shortfall $1,939
Rental income opens at $2,000, the median asking rent of 453 comparable homes for lease in Toronto. 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
- $12,455
- Toronto municipal land transfer tax
- $12,455
- Total land transfer tax
- $24,910
- First-time buyer rebates (Ontario up to $4,000 + Toronto up to $4,475)
- −$8,475
- Total for first-time buyers
- $16,435
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 $799,000
- $7,980
- Ontario total
- $12,455
Toronto’s municipal tax uses the same brackets at this price, so it adds another $12,455.
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
Lot
- Lot area
- 5,507 sq ft512 m²
- Street frontage
- 40 ft12.2 m
- Depth
- 137.68 ft42 m
The area is the frontage multiplied by the depth, so boundaries are approximate. Confirm with a survey before you buy.
Source: the MLS® listing record.
Land and environment
Public records about this location. Not part of the MLS® listing and not provided by the listing brokerage.
Water and conservation3
- 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 m4 test or monitoring holes also recorded.250 m
Toronto and Region Conservation Authority · Province of Ontario open data
Planning and building activity3
- Outside the Greenbelt, Oak Ridges Moraine and Niagara Escarpment plan areasAt the address
- 33 building permits issued within 250 m in the last 2 years250 m
- Mapped parcel: about 5,510 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 · toronto.parcels
Around the home2
- Nearest rail line: 430 m430 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
- 1 facility within 1 km reports pollutant releases to Environment CanadaThe nearest is TC Chrome (2005) Ltd. — T C Chrome (2005) Ltd, 980 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 50 m awayFixed wireless 50/10 Mbps or faster. LTE mobile coverage listed. ISED’s National Broadband Data at the nearest household point (50 m from the listing); 50/10 Mbps is its top category and includes faster plans. Confirm with a provider for this address.50 m
- Across the surrounding area: fibre to the home, cable, DSL internet listedFibre to the home: Beanfield Metroconnect, Bell, Rogers. Cable: Rogers. DSL: Bell. Fixed wireless: Dash Networks, Rogers, Routcom. 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
Zone
RD (f12.0; a464) (x365)By-law
569-2013Municipality
Toronto1 f12.0
Frontage: at least 12.0 m.
2 a464
Lot area: at least 464 m² per dwelling unit.
3 x365
Site-specific exception 365: this site has rules of its own, written in the by-law.
4 Where this is written
Chapter 10, section 10.20 of By-law 569-2013 · Exception 900.3.10(365)
5 What that means in practice
These are the zone’s rules, not permission for this lot. What can be built also depends on the exceptions, overlays and setbacks that apply here. Confirm with the City before you plan.
City of Toronto Zoning By-law 569-2013, read at this address from the City’s zoning map. Open the City’s zoning map. Contains information licensed under the Open Government Licence – Toronto.
Permit history
No building permits on file at this address.
Signals around this home
Changing nearby. 3 open development applications within 800 m of this home.
2567 EGLINTON AVE ESite planUnder Review
INACTIVE The application proposes an 11-storey mixed-use building on the south-west corner of Eglinton Avenue East and Huntington Avenue. The proposed building would have a total gross floor area of 8,856 square metres, contain 118 dwelling units, 432 square metres of retail/commercial space on the ground floor and a Floor Space Index of approximately 3.45 (prior to land conveyance). Associated with Rezoning application No. 19 263883 ESC 20 OZ.
450 m away260 BRIMLEY RDOfficial plan or zoning amendmentOMB Appeal
Official Plan and Zoning By-law Amendments to facilitate a proposed plan of subdivision having a total area of 15.625 ha . The subdivision proposes new public roads, along with various blocks for 384 townhouse units (single block and back to back) along with future development blocks for an estimated 1006 residential units, parks, buffer and road widenings. Subdivision file no. 20 230363 ESC 20 SB.
780 m away260 BRIMLEY RDPlan of subdivisionUnder Review
Proposed plan of subdivision having a total area of 15.625 ha . The subdivision proposes new public roads, along with various blocks for on-street townhouses, back to back townhouses along with future development blocks, parks, buffer and road widenings. A total of 384 townhouse units are proposed in the subdivision plan, along with an estimated additional 940 residential units on the future development blocks. An application to amend the Official Plan and the Zoning has also been submitted for these lands. File No. 20 230362 ESC 20 OZ.
780 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
Detached homes for sale in Kennedy Park right now
- For sale now
- 17
- Median asking price
- $940K
- New in 7 days
- 0
- Price cuts
- 18%
Middle half: $849K to $1.05M
6 in 28 days
3 listings
This home is asking 15% below the median, lower than three quarters of them.
See all homes in Kennedy ParkAsking 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 |
|---|---|---|
| Kennedy Station | TTC subway: Line 2 Bloor-DanforthTTC light rail: Line 5 EglintonGO Transit train: Stouffville | 700 m |
| Ionview Station | TTC light rail: Line 5 Eglinton | 1.3 km |
| Scarborough GO | GO Transit train: Lakeshore East | 1.5 km |
| Birchmount Station | TTC light rail: Line 5 Eglinton | 1.8 km |
| Eglinton GO | GO Transit train: Lakeshore East | 2.1 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 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 |
|---|---|---|---|
| Walter Perry Junior Public SchoolToronto DSB | Public · grades JK–6 | 450 m | 67%Grade 6 average |
| Corvette Junior Public SchoolToronto DSB | Public · grades JK–6 · French Immersion | 700 m | 58%Grade 6 average |
| St Maria Goretti Catholic SchoolToronto CDSB | Catholic · grades JK–8 · French Immersion | 850 m | 57%Grade 6 average |
| Académie Alexandre-DumasConseil scolaire Viamonde | French-language public · grades JK–6 | 2 km | 85%Grade 6 average |
| Secondary | Type | Distance | Grade 9 math 2024–25 |
|---|---|---|---|
| Caring and Safe School 3Toronto DSB | Public · grades 9–12 | 250 m | — |
| St Joan of Arc Catholic AcademyToronto CDSB | Catholic · grades 9–12 | 900 m | 53%Grade 9 math |
| ÉSC Père-Philippe-LamarcheConseil scolaire catholique MonAvenir | French-language Catholic · grades 9–12 | 1.5 km | 55%Grade 9 math |
| R H King AcademyToronto DSB | Public · grades 9–12 | 1.7 km | 60%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 Kennedy Park are shown to signed-in members.