56 Leuty Avenue, Toronto, ON
The Beaches, Toronto · MLS® E13266030
About this home
Dream home steps to the beach on a rarely offered 32.5 ft wide lot on one of the most prestigious streets in the Beaches one block east of Kew Gardens.Detached 2 & 1/2 storey, 2 X 2 bedrooms units. Front yard parking/mutual drive. Williamson Rd Junior school district.This home represents the best of elegant beach living. Wake up and enjoy a morning coffee on your east facing circular pillared veranda before you take a few steps to the boardwalk for a morning stroll or scenic bike ride. This home has been tastefully converted to a legal Duplex with separate Hydro meters. This would help a co-purchasing or income generating opportunity or easily convert back to a grand single-family home. The main floor is a two-bedroom unit with Chefs kitchen, and walk out to the back deck and garden. The 2nd & 3rd floor is a two storey, two-bedroom suite with an oversized west facing sundeck. Radiant heating and A/C split wall units. Two wood burning fireplaces (primary and second floor). Hardwood floors throughout.Steps from the historic Leuty lifeguard tower, the idyllic Kew Gardens, Beaches library, lawn bowling, Paddle board and kayak rentals, basketball court, baseball diamond, gazebo for intimate theatre productions, ice rink, tennis courts, playground, ice cream parlor and snack bar. Close walk to the best of dining, shops and entertainment on Queen Street. Home is virtually staged.
Key facts
- Property type
- Other, 2 1/2 Storey
- MLS®
- E13266030
- Bedrooms
- 4
- Bathrooms
- 3
- Size
- 2000-2500
- Lot
- 32.5 × 164 ft
- Cross streets
- Woodbine and Queen
- Parking
- 1 parking
- Driveway
- Mutual
- Basement
- Unfinished
- Heating
- Forced Air
- A/C
- Central Air, Wall Unit(s)
- Exterior
- Brick, Metal/Steel Siding
- Foundation
- Concrete Block
- Roof
- Asphalt Shingle
- Sewer
- Sewer
- Property tax
- $11,982 / 2025
- Days on market
- 47
- Listing brokerage
- REAL ESTATE HOMEWARD
Rooms
bay window · closet · hardwood floor
fireplace · hardwood floor
fireplace · french doors · hardwood floor
irregular room · bay window · hardwood floor
w/o to sundeck · stainless steel appl
skylight · 4 pc ensuite · combined w/laundry
w/o to deck · hardwood floor
bay window · w/o to sundeck
stainless steel appl · overlooks dining · pantry
W/O To Sundeck
Listed at $2,499,000, this home is within the range of a wider set of listings, but with few close matches nearby, so worth confirming with a precise CMA. The number above is my independent estimate of value, not the asking price.
In The Beaches lately, sellers have been getting about 104% of asking and homes sell in about 17 days.
There are only a few closely comparable homes right here, so this is a broad read from wider listings in the area. Ask me for a precise CMA before relying on it.
Based on 19 similar homes nearby, adjusted for size, beds, and baths.Median of 19 comparable active listings, adjusted for size, beds, and baths. The city (MPAC) assessment points to about $2.64M, higher than the comparables and worth a second look. 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, listed at $2.80M
- Bedrooms −$56K
- Bathrooms −$56K
- Adjusts to $2.69M
That comparable adjusts to $2.69M; the $2.07M estimate above is the median of all 19 comparables, which is steadier than any single home.This uses comparable active listings, not sold prices. Lot, condition, and finishes are my in-person call, and I can run a full CMA with recent solds.
On schools, this address is zoned for Malvern Collegiate Institute, one of the higher-rated public schools in the area. A strong catchment tends to hold value and widen your resale pool, especially with family buyers.
On location, this is a very walkable address with everyday errands close by. Wineva Avenue is about a 3-minute walk away. Walkable, transit-friendly spots tend to hold value and widen your resale pool.
Total price vs nearby homes. Fair value about $2.07M, median of 19 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.
- Upscale kitchen: a genuine value driver, verify the appliances, stone, and finishes in person. Value driver
- Heated floors: comfort and a premium-finish signal. Lifestyle
- Premium lot / gardens: lot size and privacy hold value and cannot be changed, verify frontage, depth, and any easements. Value driver
- Hardwood floors: quality hardwood is durable and broadly desirable. Lifestyle
The closest active listings by size, beds, and price, so you can see what this home is up against.
The 5 closest of 8 active listings nearby.
See all comparable homesThis home lists 8% above the area average of $1,027/sqft.
On the market now.
View comparable listingsPrice per square foot vs the area average.
Neighbourhood & location
The Beaches, Toronto, ON
Enter a workplace or destination and we’ll show the door-to-door time by car, transit and bike.
Getting around
Walker's ParadiseA 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 OpenStreetMap contributors.
Most daily errands can be done on foot.
🚉 Nearest transit: Wineva Avenue, about 214 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
Homes over $1.5M can't be insured, so 20% down or more is required.
Conventional (20%+ down). Best insured 5-year fixed 3.99% via Ratehub.ca (as of July 23, 2026); conventional rates run a little higher.
Mortgage amount $1,999,200 · 4.14% over 25 years
Total monthly cost
- Mortgage payment (monthly equivalent)
- $10,668
- Property tax
- $999
- Condo / maintenance fees
- $0
- Heating
- $0
- Estimated monthly cost
- $11,667
Add your own property tax, condo fees, and heating on the left for a sharper total.
One-time closing costs
- Ontario land transfer tax
- $48,950
- Toronto municipal land transfer tax
- $48,950
- Estimated closing costs
- $97,900
Plus your down payment of $499,800. 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
- $640,108
- Principal paid down
- $254,599
- Interest paid
- $385,510
- Balance remaining
- $1,744,601
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.