46-40 Dundalk Drive, Toronto, ON
Dorset Park, Toronto · MLS® E13773130
About this home
In short
- Rarely Offered Multi-Level Townhome With Walk-Out Basement.
- Great Layout With Beautiful Cathedral Ceiling.
- Newly Upgraded Kitchen(2026).
- Hardwood Floors In Living, Dining & All Bedrooms.
- Cathedral Ceiling In Living Room.
Rarely Offered Multi-Level Townhome With Walk-Out Basement! Great Layout With Beautiful Cathedral Ceiling! Never Rented Before! Newly Upgraded Kitchen(2026). Upgraded 2nd Floor Washroom & Newer Powder Room! Hardwood Floors In Living, Dining & All Bedrooms! Newly Painted Thru out(2026). Roof Replaced(2024). All Replaced Closet Doors. All Ceiling Lights With Remotes(2026). Quartz Floor at Foyer. Kitchen Upgrades Incl: Tall Cabinets, Quartz Counter, Under Mount Sink, Quartz Backsplash And Stainless Steel Appliances. Hardwood Stairwells! Cathedral Ceiling In Living Room! Breakfast Area In Kitchen. Separate Dining Room Overlooking Spacious Living room! Updated Garage Door. Quiet Location In Complex! Away From Noise! Low Maintenance Fee! Bright & Spacious! Well-Managed Complex With Newly Paved Driveway(2025). 1360Sf + 680Sf Walk-Out Recreation Room To Backyard. Well-Maintained! Backing Onto A Peaceful Garden And Much More...Office Can Be Used As the 4th Bedroom.
Key facts
- Property type
- Condo Townhouse, 3-Storey
- MLS®
- E13773130
- Bedrooms
- 4+1 (5 total)
- Bathrooms
- 2 (1 half)
- Size
- 1200-1399 sq ft
- Cross streets
- Kennedy / Ellesmere
- Parking
- 1 garage · 2 parking (built-in)
- Basement
- Finished with Walk-Out
- Heating
- Forced Air
- A/C
- Central Air
- Exterior
- Brick
- Maintenance
- $365/mo
- Exposure
- West
- Property tax
- $3,085 / 2026
- Days on market
- 9
- Listing brokerage
- HOMELIFE NEW WORLD REALTY INC.
Rooms
hardwood floor · overlooks living · open concept
hardwood floor · bay window · large closet
laminate · window
laminate · w/o to yard
hardwood floor · bay window · large closet
hardwood floor · cathedral ceiling(s) · overlooks backyard
hardwood floor · double closet · semi ensuite
breakfast area · stainless steel appl · quartz counter
Listed at $769,000, which is tracking about 19% above a wider set of listings, though close matches were thin, so treat this as a rough read until I run a precise CMA.
If it sells at this ask, expect about $801K, typically $746K to $845K: that is where homes here have closed against their asks in the last 90 days (8 closings).
The ask and what recent sales support disagree. When they differ this much, the asking price has been the closer guide about 87% of the time. Recent GTA homes first listed this far above their automated estimate sold at about 95% of the original ask, in a median 36 days, 26% of them after a price reduction (750 sales).
Total price vs nearby homes. Fair value about $646K, learned from recent GTA sales.
The market behind the math:
About 3.4 months of inventory: 9 condo townhouse homes for sale in the area against 8 closings in the last 90 days. Under two months favours sellers, over four favours buyers.
Price per square foot: this home lists at $592/sqft against an area asking average of $572/sqft. Size and $/sqft both feed the estimate above.
- Walk-out basement apartment features. A finished 1 bed walk-out basement apartment. A self-contained space for extended family, guests or potential income. In Dorset Park basements rarely rent out (0 of 20 recent detached leases were basement units), so buyers here treat a suite as family or nanny space rather than income. Value it for the living space, not the rent. Second-suite retrofit status is not verified. A buyer intending to rent should confirm requirements with the City of Toronto.
How this estimate is builtthe short version
This figure comes from a model built on about 44,000 recent GTA sales. It weighs this home’s tax assessment, size, age, location and features against what homes like it actually sold for, including sales in this neighbourhood and this building.
It never sees the asking price. The 45 most comparable recent sales on their own, adjusted for size, beds, baths and lot, point to about $693K. Condition and finishes remain an in-person call.
What the listing highlights3 points to weigh
Claims from the listing, worth confirming in person. I can book you a private showing.
- Walk-out basement: natural light and strong in-law or income potential. Income potential
- Tall ceilings: they transform how a home feels, worth confirming the actual heights room to room. Worth verifying
- Hardwood floors: quality hardwood is durable and broadly desirable. Lifestyle
Schools & getting aroundcatchment and transit
The assigned public school is Ellesmere-Statton Public School. 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
Priced above comparable homes overall, but the price per square foot ($592/sqft) is in line with the area, so you are paying for extra space rather than a premium.
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 4 homes sold in this building over the past two years, plus 1 nearby in Dorset Park, from 49 closings in Dorset Park.
Nothing closely matching this home is listed nearby right now, so these are the nearest condo townhouse listings on the market. Homes like this one have recently closed around $646K, which is where my estimate comes from.
Per square foot, these ask about $574/sqft; this home lists at $592/sqft. Size is part of the price story, not just the sticker.
The 3 closest active listings nearby.
See all comparable homesNeighbourhood & 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.
Also nearby: 12 more schools within 2.5 km
Not the assigned catchment: schools a family here could reach, with EQAO results where published.
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 4.24% via Ratehub.ca (as of September 18, 2026); conventional rates run a little higher.
Mortgage amount $615,200 · 4.39% over 25 years
Total monthly cost
- Mortgage payment (monthly equivalent)
- $3,367
- Property tax
- $257
- Condo / maintenance fees
- $365
- Heating
- $0
- Estimated monthly cost
- $3,990
Add your own property tax, condo fees, and heating on the left for a sharper total.
One-time closing costs
- Ontario land transfer tax
- $11,855
- Toronto municipal land transfer tax
- $11,855
- Estimated closing costs
- $23,710
Plus your down payment of $153,800. 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
- $202,047
- Principal paid down
- $76,065
- Interest paid
- $125,982
- Balance remaining
- $539,135
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 numbersThe last 17 whole-home leases in Dorset Park signed at a median of $3,008 a month; adjusted to this home for size, beds and baths, and for where rents stood the month each signed, that is $2,927. The gross yield above is on the asking price, before taxes and upkeep; the cap rate is after them. A finished basement or second suite can push real rent above it. Taxes, fees, and vacancy vary by property, and cap rate is before financing.
Helpful resources
All information deemed reliable but not guaranteed. For personal, non-commercial use only. Listing courtesy of HOMELIFE NEW WORLD REALTY INC.. MLS®/PropTx.