378 Kennedy Road, Toronto, ON
Kennedy Park, Toronto · MLS® E13089218
About this home
Welcome to 378 Kennedy Road. This lovely 3-bedroom detached home on a large 45 foot lot offers a bright, spacious layout with generous rooms throughout. Well maintained family home and move-in ready. Quartz kitchen, stunning sunroom with cathedral ceiling, and walkout to a premium yard with very large stone patio. Perfect for entertaining and family gatherings. Enjoy a beach-style lifestyle at an unbeatable value. Large garage with private drive. Close to all amenities. Separate entrance to basement with potential in-law suite. 3 Piece bathroom in basement. Tremendous opportunity for first time home-buyers or investors. Hurry, this will not last.
Key facts
- Property type
- Detached, Bungalow
- MLS®
- E13089218
- Bedrooms
- 3
- Bathrooms
- 2
- Size
- 700-1100
- Lot
- 45 × 120 ft
- Cross streets
- Kennedy/Danforth
- Parking
- 15 garage · 5 parking (attached)
- Driveway
- Private
- Basement
- Partially Finished, Separate Entrance
- Heating
- Forced Air
- A/C
- Central Air
- Exterior
- Aluminum Siding
- Foundation
- Unknown
- Roof
- Asphalt Shingle
- Sewer
- Sewer
- Property tax
- $3,303 / 2025
- Days on market
- 78
- Listing brokerage
- RE/MAX ULTIMATE REALTY INC.
Rooms
b/i shelves · overlooks garden · laminate
stone counters · skylight · w/o to sunroom
gas fireplace · w/o to patio · laminate
double closet · laminate
Ceramic Floor
3 pc ensuite · double closet · ceramic floor
double closet · laminate
double closet · skylight · laminate
cathedral ceiling(s) · w/o to patio · laminate
Double Sink
Listed at $699,900, and my independent estimate is about 17% below comparable homes, worth a close look.
In Kennedy Park lately, sellers get about 98% of asking; homes sell in ~22 days.
Total price vs nearby homes. Fair value about $843K, median of 47 comparables.
How this estimate is builtthe short version
I take the 47 most comparable recent sales nearby and adjust each one to this home for the real differences (size, beds, baths, garage, and standout features), then use the median, which is steadier than leaning on any single sale.
It’s grounded in recent closing prices, not asking prices. Lot, condition, and finishes are my in-person call, and the city (MPAC) assessment points to about $638K, lower than the comparables and worth a second look.
What the listing highlights2 points to weigh
Claims from the listing, worth confirming in person. I can book you a private showing.
- Separate entrance / basement suite: rental or in-law income potential, if it is legally registered and retrofit-compliant. Income potential
- Tall ceilings: they transform how a home feels, worth confirming the actual heights room to room. Worth verifying
Schools & getting aroundcatchment and transit
The assigned public school is Birchmount Park Collegiate Institute. EQAO is only one input, and families here also look at French Immersion, boundary, and private options, the full breakdown is below.
Read this with carewhy it’s an estimate, not an appraisal
The listing states size as a wide range, so the size adjustment is approximate and this estimate is a rough read. I can confirm exact square footage to tighten it.
Based on 47 comparable homes that recently sold nearby.
The closest active listings by size, beds, and price, so you can see what this home is up against.
The 5 closest of 6 active listings nearby.
See all comparable homesThis home lists 20% below the area average of $968/sqft.
77 days longer than the Toronto average (1 days).
View comparable listingsPrice per square foot vs the area average.
Neighbourhood & location
Kennedy Park, Toronto, ON
Enter a workplace or destination and we’ll show the door-to-door time by car, transit and bike.
How asking prices compare in the closest areas to this home. Longer bars mean a pricier market.
Typical asking price of active listings of the same type, per area (outliers removed). Toronto.
Get the full neighbourhood report (schools, parks, transit & safety) →
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.
Affordability & Mortgage
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.
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
Conventional (20%+ down). Best insured 5-year fixed 3.99% via Ratehub.ca (as of July 24, 2026); conventional rates run a little higher.
Mortgage amount $559,920 · 4.14% over 25 years
Total monthly cost
- Mortgage payment (monthly equivalent)
- $2,988
- Property tax
- $275
- Condo / maintenance fees
- $0
- Heating
- $0
- Estimated monthly cost
- $3,263
Add your own property tax, condo fees, and heating on the left for a sharper total.
One-time closing costs
- Ontario land transfer tax
- $10,473
- Toronto municipal land transfer tax
- $10,473
- Estimated closing costs
- $20,946
Plus your down payment of $139,980. Legal fees, title insurance, and adjustments are extra and vary by deal.
Mortgage stress test
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
At the end of your 5-year term
- Total paid over the term
- $179,276
- Principal paid down
- $71,306
- Interest paid
- $107,971
- Balance remaining
- $488,614
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.
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.
Investor snapshot
Income potential: the basement has a separate entrance, which often supports a rentable in-law or second suite. That can lift real rent well above the figure above and help carry the mortgage. Ask us about permitted use in this area.
Thinking of this home as an investment? We will pull real comparable rents and run the full numbers with you.
Talk about the numbersEstimates only. Rent is modelled on above-grade size and local norms, so a finished basement or second suite (a separate entrance often means one) can push real rent well above this. Taxes, fees, and vacancy vary by property, and cap rate is before financing. A starting point, not a final number, let us run the real ones with you.
Helpful resources
All information deemed reliable but not guaranteed. For personal, non-commercial use only. Listing courtesy of RE/MAX ULTIMATE REALTY INC.. MLS®/PropTx.