49-740 KENNEDY Street, Toronto, ON

Ionview, Toronto · MLS® E14007914

$569,000
For Sale
Listed 6 days agoNo offer date stated
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2+1Bedrooms
2Bathrooms
1Parking
700-1100Sq ft

About this home

****GREAT OPPORTUNITY FOR HOME OWNERSHIP***LOWEST ASKING PRICE IN YEARS***1000 SQFT***2 PLUS 1 BEDROOMS***2 BATHROOMS***PARKING SPOT AT DOOR***BACKYARD***FINISHED BSMT***CAC***FRESHLY SANDED FLOORS***NEW PAINT THROUGHOUT***

Key facts

Property type
Townhouse, 2-Storey
MLS®
E14007914
Bedrooms
2+1 (3 total)
Bathrooms
2 (1 half)
Size
700-1100 sq ft
Lot
16.72 × 88.66 ft
Cross streets
Eglinton/Kennedy
Parking
1 parking
Basement
Finished
Heating
Forced Air
A/C
Central Air
Exterior
Brick Front
Foundation
Concrete
Roof
Asphalt Shingle
Sewer
Sewer
Property tax
$2,903 / 2025
Days on market
6
Listing brokerage
RIGHT AT HOME REALTY
Our TakeTeam Asgarian · Broker
No automatic estimate

No automatic estimate is shown here: there is not a deep enough record of recent sales of homes like this one in this neighbourhood to support one.

Considering this property? Request a written price read

The assigned public school is Corvette Junior Public School. EQAO is only one input, and families here also look at French Immersion, boundary, and private options, the full breakdown is below.

Neighbourhood & location

Ionview, Toronto, ON

CommuteTime from this home to where you spend your day

Enter a workplace or destination and we’ll show the door-to-door time by car, transit and bike.

Nearby neighbourhoods

How asking prices compare in the closest areas to this home. Longer bars mean a pricier market.

Clairlea-Birchmount
$925K
Victoria Village
$848K
Dorset Park
$842K
Playter Estates-Danforth
$1.35M
South Riverdale
$1.49M

Typical asking price of active listings of the same type, per area (outliers removed). Toronto.

Get the full neighbourhood report (schools, parks, transit & safety) →

Schools & catchmentAssigned attendance-boundary schools, with EQAO results

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.

Street view near Corvette Junior Public School
60%
Corvette Junior Public SchoolPublic · Elementary · 0.7 km awayBelow the GTA average · 60% meet the provincial standard
Robert Service Senior Public SchoolEQAO results not published
Also nearby: 12 more schools within 2.5 km
Ionview Public School · Public elementary0.9 km · 64% at standard
Scarborough Centre for Alternative Studi · Public secondary1.0 km
Caring and Safe School 3 · Public secondary1.1 km
South East Secondary Alternative School · Public secondary1.1 km
St Joan of Arc Catholic Academy · Catholic secondary1.1 km · 61% at standard
Lord Roberts Junior Public School · Public elementary1.3 km · 69% at standard
General Brock Public School · Public elementary1.4 km · 55% at standard
Walter Perry Junior Public School · Public elementary1.5 km · 66% at standard
Glen Ravine Junior Public School · Public elementary1.5 km · 62% at standard
Norman Cook Junior Public School · Public elementary1.6 km · 56% at standard
St Albert Catholic School · Catholic elementary1.6 km · 66% at standard
Hunter's Glen Junior Public School · Public elementary1.8 km · 66% at standard

Not the assigned catchment: schools a family here could reach, with EQAO results where published.

Affordability & Mortgage

Affordability
$2,593/mo
$110KIncome needed
5.2×Price ÷ income
$598Weekly cost
$15,710Land transfer tax, one-time (Ontario + Toronto)
20% down4.79%25-yr amortization

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.

91%mortgage
Mortgage $2,593Property tax $242Total carry $2,835

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

$
20.0%
$
%
4.49%
%
Live rate from Ratehub.ca

Conventional (20%+ down). Best insured 5-year fixed 4.34% via Ratehub.ca (as of October 20, 2026); conventional rates run a little higher.

years
years (your rate-locked period)
$2,517per month

Mortgage amount $455,200 · 4.49% over 25 years

$113,800Down payment (20.0%)
$455,200Loan before insurance
$0CMHC premium
$2,759Total monthly cost

Total monthly cost

Mortgage payment (monthly equivalent)
$2,517
Property tax
$242
Condo / maintenance fees
$0
Heating
$0
Estimated monthly cost
$2,759

Add your own property tax, condo fees, and heating on the left for a sharper total.

One-time closing costs

Ontario land transfer tax
$7,855
Toronto municipal land transfer tax
$7,855
Estimated closing costs
$15,710

Plus your down payment of $113,800. Legal fees, title insurance, and adjustments are extra and vary by deal.

Mortgage stress test

6.49%Qualifying rate
$3,046/monthPayment at the qualifying rate

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

$299,864Total interest paid
$755,064Total of all payments
Principal $455,200 Interest $299,864
YearPrincipalInterestBalance
1$10,158$20,044$445,042
2$10,619$19,583$434,423
3$11,102$19,101$423,321
4$11,606$18,597$411,715
5$12,132$18,070$399,583
6$12,683$17,519$386,900
7$13,259$16,943$373,640
8$13,861$16,341$359,779
9$14,491$15,712$345,288
10$15,149$15,054$330,140
11$15,836$14,366$314,304
12$16,555$13,647$297,748
13$17,307$12,895$280,441
14$18,093$12,110$262,348
15$18,914$11,288$243,434
16$19,773$10,429$223,661
17$20,671$9,532$202,990
18$21,609$8,593$181,380
19$22,591$7,612$158,790
20$23,616$6,586$135,173
21$24,689$5,514$110,485
22$25,810$4,393$84,675
23$26,981$3,221$57,694
24$28,207$1,996$29,487
25$29,487$715$0

At the end of your 5-year term

Total paid over the term
$151,013
Principal paid down
$55,617
Interest paid
$95,396
Balance remaining
$399,583

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.

Let's connect

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

Rental yield
Estimate$1,450/mo
$17,400Gross annual rent
2.0%Cap rate after taxes and upkeep

Thinking of this home as an investment? We will pull real comparable rents and run the full numbers with you.

Talk about the numbers

Estimates 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.

3.1%
Gross yield
− Property tax $2,903− Insurance $1,400− Vacancy & upkeep $1,914Net operating income $11,183

All information deemed reliable but not guaranteed. For personal, non-commercial use only. Listing courtesy of RIGHT AT HOME REALTY. MLS®/PropTx.

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