45 Commonwealth Avenue, Toronto, ON
Kennedy Park, Toronto · MLS® E13240522
About this home
This exceptional property sits on a spacious 40 x 137.5 ft lot, offering endless potential for homeowners, renovators, investors, or builders. The beautifully landscaped, low-maintenance backyard provides a private outdoor retreat and leads to a charming garden/workshop shed tucked away at the rear of the property.The home features 3 well-sized bedrooms and a separate side entrance to the lower level, which includes a large recreation room, workshop area, and laundry room-offering flexibility for future customization. A private driveway accommodates up to 4 vehicles.Ideally located within walking distance to TTC transit, GO Transit Kennedy Station, parks, shopping, recreation facilities, and schools. Whether you're looking to move in, renovate, expand, or build your dream home, this property presents a rare opportunity to create something truly special in a desirable neighbourhood.
Key facts
- Property type
- Detached, Bungalow
- MLS®
- E13240522
- Bedrooms
- 3
- Bathrooms
- 1
- Size
- 700-1100
- Lot
- 40 × 137.5 ft
- Cross streets
- Eglinton/Midland
- Parking
- 4 parking
- Driveway
- Private
- Basement
- Finished
- Heating
- Forced Air
- A/C
- Central Air
- Exterior
- Brick Front, Vinyl Siding
- Foundation
- Poured Concrete
- Roof
- Shingles
- Sewer
- Sewer
- Property tax
- $3,175 / 2025
- Days on market
- 47
- Listing brokerage
- REAL ESTATE HOMEWARD
Rooms
large window · overlooks frontyard
Listed at $699,000, this home is within the range of comparable homes, on the higher side. The number above is my independent estimate of value, not the asking price.
In Kennedy Park lately, sellers have been getting about 97% of asking and homes sell in about 28 days.
Based on 55 similar homes that recently sold nearby, adjusted for size, beds, and baths.Median of 55 recently sold comparable homes — actual closing prices, not asks — adjusted for size, beds, and baths. The city (MPAC) assessment points to about $624K, a close match. The comparable range is wide here, so treat this as a rough read until I run a full CMA.
How I got there
Here is the exact math behind the estimate. I start from the closest comparable listing and adjust for the real differences (size, beds, baths) to land on a like-for-like value for this home.
- Closest comparable, sold for $805K
- Bedrooms −$30K
- Bathrooms −$45K
- Adjusts to $730K
That comparable adjusts to $730K; the $634K estimate above is the median of all 55 comparables, which is steadier than any single home.This estimate is grounded in actual closing prices from the last 15 months, not asking prices. Lot, condition, and finishes are still my in-person call.
On location, it is moderately walkable, so some daily errands are within reach and for the rest you will likely drive. Bus stop is about a 2-minute walk away.
Total price vs nearby homes. Fair value about $634K, median of 55 comparables.
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
The closest active listings by size, beds, and price, so you can see what this home is up against.
The 4 closest active listings nearby.
See all comparable homesThis home lists 12% below the area average of $888/sqft.
46 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.
Getting around
WalkableA 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.
Many errands can be done on foot; a car still helps.
🚉 Nearest transit: Bus stop, about 168 m away
Within a 15-minute (1.5 km) walk.
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 22, 2026); conventional rates run a little higher.
Mortgage amount $559,200 · 4.14% over 25 years
Total monthly cost
- Mortgage payment (monthly equivalent)
- $2,984
- Property tax
- $265
- Condo / maintenance fees
- $0
- Heating
- $0
- Estimated monthly cost
- $3,249
Add your own property tax, condo fees, and heating on the left for a sharper total.
One-time closing costs
- Ontario land transfer tax
- $10,455
- Toronto municipal land transfer tax
- $10,455
- Estimated closing costs
- $20,910
Plus your down payment of $139,800. 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
- $179,046
- Principal paid down
- $71,214
- Interest paid
- $107,832
- Balance remaining
- $487,986
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
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 REAL ESTATE HOMEWARD. MLS®/PropTx.