55 Leahann Drive, Toronto, ON
Dorset Park, Toronto · MLS® E13597910
About this home
Welcome Home to this Charming Bungalow on a quiet, family-friendly street, offering timeless character and exceptional pride of ownership. Lovingly maintained by the same family since 1963, this home features custom mahogany kitchen cabinetry and original hardwood floors (which are also under the carpet in the living/dining). The finished lower level provides excellent flexibility with a spacious rec room, an office or guest room, 3-piece bath, laundry room with cabinetry & counters, a cold cellar, workshop and plenty of storage space. The side entrance leads out to the private, fenced back yard, with a brick patio overlooking the beautifully landscaped, mature perennial gardens, complete with a built-in garden shed and an additional workshop/storage space in the enclosed carport. The welcoming front garden leads up to the porch enclosure, which provides extra usable space and a bonus spot to enjoy the outdoors.This is a rare opportunity to own a well-cared-for home in an established neighbourhood, with charm, function, and outstanding potential!
Key facts
- Property type
- Detached, Bungalow
- MLS®
- E13597910
- Bedrooms
- 3
- Bathrooms
- 2
- Size
- 700-1100
- Lot
- 42 × 125 ft
- Cross streets
- Kennedy Road/Lawrence Avenue
- Parking
- 1 garage · 3 parking (carport)
- Driveway
- Private
- Basement
- Separate Entrance, Full, Finished
- Heating
- Forced Air
- A/C
- Central Air
- Exterior
- Brick
- Foundation
- Concrete Block
- Roof
- Asphalt Shingle
- Sewer
- Sewer
- Property tax
- $4,297 / 2026
- Listing brokerage
- Royal LePage Frank Real Estate
Rooms
combined w/dining · large window · overlooks backyard
Laminate
Laminate
Combined w/Rec
Hardwood Floor
Hardwood Floor
Hardwood Floor
Combined w/Living
Combined w/Workshop
laundry sink · b/i shelves
Listed at $799,995, this home is right in line with comparable homes. The number above is my independent estimate of value, not the asking price.
In Dorset Park lately, sellers have been getting about 99% of asking and homes sell in about 24 days.
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 63 similar homes that recently sold nearby, adjusted for size, beds, and baths.Median of 63 recently sold comparable homes — actual closing prices, not asks — adjusted for size, beds, and baths. The city (MPAC) assessment points to about $851K, a close match. The listing gives square footage as a wide range, so the size adjustment (and this estimate) is approximate; confirming exact size would sharpen it.
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 $789K
- Adjusts to $789K
That comparable adjusts to $789K; the $778K estimate above is the median of all 63 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.
The assigned public school is General Crerar Public School. EQAO is only one input, and families here also look at French Immersion, boundary, and private options, the full breakdown is below.
Total price vs nearby homes. Fair value about $778K, median of 63 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
- 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 active listings nearby.
See all comparable homesThis home lists 12% below the area average of $1,011/sqft.
View comparable listingsPrice per square foot vs the area average.
Neighbourhood & location
Dorset 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 23, 2026); conventional rates run a little higher.
Mortgage amount $639,996 · 4.14% over 25 years
Total monthly cost
- Mortgage payment (monthly equivalent)
- $3,415
- Property tax
- $358
- Condo / maintenance fees
- $0
- Heating
- $0
- Estimated monthly cost
- $3,773
Add your own property tax, condo fees, and heating on the left for a sharper total.
One-time closing costs
- Ontario land transfer tax
- $12,475
- Toronto municipal land transfer tax
- $12,475
- Estimated closing costs
- $24,950
Plus your down payment of $159,999. 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
- $204,915
- Principal paid down
- $81,504
- Interest paid
- $123,412
- Balance remaining
- $558,492
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 Royal LePage Frank Real Estate. MLS®/PropTx.