56 Michener Court, Toronto, ON

Niagara, Toronto · MLS® C13503366

$6,475/mo
For Lease
Listed 19 days ago
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4Bedrooms
3Bathrooms
1Garage · 2 parking
1500-2000Sq Ft

About this home

Located just steps from King Street West this Townhome is located on a dead end street with only 10 houses on it. 4 Bedrooms (3 on top floor). Home has just been renovated. New Kitchen, Bathrooms, Pot Lights, Vanities, Tiles, New Closet Doors and More. Quiet secluded backyard and a deck off the main level. Brand New Kitchen Appliances. Steps to TCC, King St W, Restaurants, Shopping, Nightlife and so much more.

Key facts

Property type
Townhouse, 3-Storey
MLS®
C13503366
Bedrooms
4
Bathrooms
3 (1 half)
Size
1500-2000
Lot
16.33 × 99.48 ft
Cross streets
King and Bathurst
Parking
1 garage · 2 parking (built-in)
Driveway
Private
Basement
None
Heating
Forced Air
A/C
Central Air
Exterior
Brick
Foundation
Unknown
Roof
Asphalt Shingle
Sewer
Sewer
Days on market
19
Listing brokerage
CENTURY 21 REGAL REALTY INC.
Moe’s TakeTeam Asgarian · Broker
Worth a personal read

Heads up: the asking price here sits well above what comparable listings suggest. That can point to premium finishes, a bigger lot, or simply an ambitious ask, so it is worth a close look before you offer. I would not put an automatic figure on this one. Tell me you are interested and I will pull the most comparable recent leases and give you a straight answer on what it will really take.

The assigned public school is Niagara Street Junior Public School. EQAO is only one input, and families here also look at French Immersion, boundary, and private options, the full breakdown is below.

On location, this is a more car-dependent spot, so buyers here typically drive. Transit is limited nearby. Worth weighing if transit access matters to you.

What the listing highlightsThese are claims from the listing. The only way to know for sure is to see it in person, and I am happy to book you a private showing.

  • Renovated / rebuilt: recent work can mean fewer upfront costs, worth confirming the scope, quality, and that permits were pulled.
  • Value driver
Comparable listingsCurrently listed nearby · asking prices
$3,975avg asking

The closest active listings by size, beds, and price, so you can see what this home is up against.

1084 Lansdowne Avenue$4,2733 Hayes Lane$3,90019 Thomas Mulholland Drive$3,20032D Oxford Street$5,40063 Gerigs Street$3,100

The 5 closest of 6 active listings nearby.

See all comparable homes
6,475This home4,2733,9003,2005,4003,100This home vs active comparables
Live market pulseActive comparables in Niagara · median list $3K
5active listings nearby
19days on market

6 days longer than the Toronto average (13 days).

View comparable listings

Not enough sq ft data to place this home on the area price curve.

Neighbourhood & location

Niagara, Toronto, ON

CommuteTime from this home to where you spend your day

Enter a workplace or destination and we’ll show the door-to-door time by car, transit and bike.

Getting around

0/ 100

Car-DependentA walkability read built from the amenities around this home: how close the nearest transit stop is, and how many grocery, dining, park, and pharmacy destinations fall within a 15-minute walk. It is a guide, not a guarantee. Places data from Google.

Almost all errands require a car.

Within a 15-minute (1.5 km) walk.

Nearby neighbourhoods

How asking prices compare in the closest areas to this home. Longer bars mean a pricier market.

Waterfront Communities C1
$2K
Trinity-Bellwoods
$2K
Kensington-Chinatown
$4K
Moss Park
$2K
Annex
$5K

Typical asking price of active listings of the same type, per area (outliers removed). Toronto.

Get the full neighbourhood report (schools, parks, transit & safety) →

Schools & catchmentAssigned attendance-boundary schools, with EQAO results

The public and Catholic schools this address is zoned for, with EQAO results (the share of students meeting Ontario's provincial standard).

School attendance boundaries and EQAO results are Ontario government data and can change. Confirm the current catchment with the school board before relying on it.

Street view near Niagara Street Junior Public School
82%
Niagara Street Junior Public SchoolPublic · Elementary · 0.2 km awayAbove the GTA average · 82% meet the provincial standard

Affordability & Mortgage

Affordability
$30/mo
$5KIncome needed
1.3×Price ÷ income
$7Weekly cost
20% down4.79%25-yr amortization

Income needed assumes a ~32% GDS ratio; weekly is mortgage principal & interest only. Price ÷ income is the home price over the income needed. Fixed reference assumptions so listings compare on equal footing, not a lending decision.

88%mortgage
Mortgage $30Property tax $4Total carry $34

Calculate and customize your mortgage and other expenses

Adjust the down payment, rate, and amortization, and add property tax, condo fees, and heating to see your true monthly cost.

Your numbers

$
20.0%
$
%
4.14%
%
Live rate from Ratehub.ca

Conventional (20%+ down). Best insured 5-year fixed 3.99% via Ratehub.ca (as of July 18, 2026); conventional rates run a little higher.

years
years (your rate-locked period)
$28per month

Mortgage amount $5,180 · 4.14% over 25 years

$1,295Down payment (20.0%)
$5,180Loan before insurance
$0CMHC premium
$32Total monthly cost

Total monthly cost

Mortgage payment (monthly equivalent)
$28
Property tax
$4
Condo / maintenance fees
$0
Heating
$0
Estimated monthly cost
$32

Add your own property tax, condo fees, and heating on the left for a sharper total.

One-time closing costs

Ontario land transfer tax
$32
Toronto municipal land transfer tax
$32
Estimated closing costs
$65

Plus your down payment of $1,295. Legal fees, title insurance, and adjustments are extra and vary by deal.

Mortgage stress test

6.14%Qualifying rate
$34/monthPayment at the qualifying rate

Lenders qualify you at the greater of your rate plus 2% or 5.25%. You do not pay this rate. It just shows you could still handle payments if rates rose, so aim to stay comfortable at this higher number.

Over the full 25 years

$3,113Total interest paid
$8,293Total of all payments
Principal $5,180 Interest $3,113
YearPrincipalInterestBalance
1$121$210$5,059
2$126$205$4,932
3$132$200$4,801
4$137$194$4,663
5$143$189$4,520
6$149$183$4,371
7$155$177$4,216
8$162$170$4,055
9$168$163$3,886
10$175$156$3,711
11$183$149$3,528
12$190$141$3,337
13$198$133$3,139
14$207$125$2,932
15$215$116$2,717
16$224$107$2,492
17$234$98$2,259
18$244$88$2,015
19$254$78$1,761
20$264$67$1,497
21$275$56$1,222
22$287$45$935
23$299$33$636
24$311$20$324
25$324$7$0

At the end of your 5-year term

Total paid over the term
$1,659
Principal paid down
$660
Interest paid
$999
Balance remaining
$4,520

Talk to Team Asgarian about your options

Rates and programs change often. We will connect you with a trusted mortgage professional and build a plan that fits your budget and goals.

Let's connect

Estimates only, not a mortgage quote or pre-approval. Figures use Canadian semi-annual compounding, current minimum down-payment rules, CMHC premium tiers, and Ontario (plus Toronto, when selected) land transfer tax. Actual rates, taxes, insurance, and closing costs vary by lender and property. Confirm every number with your mortgage professional.

All information deemed reliable but not guaranteed. For personal, non-commercial use only. Listing courtesy of CENTURY 21 REGAL REALTY INC.. MLS®/PropTx.

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