58B-740 Kennedy Road, Toronto, ON
Ionview, Toronto · MLS® E14031152
About this home
In short
- Welcome to 740 Kennedy Road, Unit 58B - Where Style, Space & Convenience Come Together.
- Step inside to a sun-filled, open-concept main floor featuring a generous living room with hardwood flooring and pot lights, seamlessly flowing into a stunning...
- Sliding glass doors lead to your own private, south-facing backyard oasis, complete with a newer deck (2024) and low-maintenance outdoor space, ideal for summer...
- Upstairs, you'll find two generously sized bedrooms and a beautifully renovated 5-piece bathroom (2023).
- Thoughtfully updated from top to bottom, this move-in-ready, carpet-free home features upgraded light fixtures, smooth second-floor ceilings, some newer windows, roof...
Welcome to 740 Kennedy Road, Unit 58B - Where Style, Space & Convenience Come Together! Discover this beautifully updated and meticulously maintained home offering over 1,700 sq. ft. of total living space in the heart of Scarborough's highly convenient Kennedy and Eglinton neighbourhood! With the feel of a semi-detached home, attached on only one side, this bright and spacious 2+1 bedroom residence offers the perfect combination of comfort, privacy and modern living. Step inside to a sun-filled, open-concept main floor featuring a generous living room with hardwood flooring and pot lights, seamlessly flowing into a stunning renovated eat-in kitchen. Beautifully appointed with marble flooring, quartz countertops, stylish backsplash, stainless steel appliances, built-in microwave, dishwasher and breakfast bar, this inviting space is perfect for everyday living and entertaining. Sliding glass doors lead to your own private, south-facing backyard oasis, complete with a newer deck (2024) and low-maintenance outdoor space, ideal for summer gatherings or simply relaxing. Upstairs, you'll find two generously sized bedrooms and a beautifully renovated 5-piece bathroom (2023). The finished lower level adds exceptional versatility with a spacious recreation room, additional bedroom featuring an above-grade window and double closet, plus a convenient 4-piece bathroom, perfect for guests, extended family or a home office. Thoughtfully updated from top to bottom, this move-in-ready, carpet-free home features upgraded light fixtures, smooth second-floor ceilings, some newer windows, roof (2019) and furnace (2026). Ideally situated in one of Scarborough's most accessible neighbourhoods, just steps to the Eglinton subway and Eglinton Crosstown LRT, with schools, shopping, parks, public transit and an abundance of everyday amenities nearby. A fantastic opportunity to enjoy spacious, stylish, low-maintenance living in an unbeatable location. Simply move in and enjoy!
Key facts
- Property type
- Townhouse, 2-Storey
- MLS®
- E14031152
- Bedrooms
- 2+1 (3 total)
- Bathrooms
- 2
- Size
- 1100-1500 sq ft
- Lot
- 16.92 × 59.79 ft
- Cross streets
- Kennedy/Eglinton
- Parking
- 1 parking
- Driveway
- Other
- Basement
- Full, Finished
- Heating
- Forced Air
- A/C
- Central Air
- Exterior
- Brick, Vinyl Siding
- Foundation
- Unknown
- Roof
- Unknown
- Sewer
- Sewer
- Property tax
- $3,591 / 2026
- Days on market
- 5
- Listing brokerage
- CENTURY 21 PERCY FULTON LTD.
Rooms
vinyl floor · double closet · above grade window
laminate · b/i closet
hardwood floor · pot lights · open concept
laminate · above grade window
hardwood floor · open concept · combined w/living
laminate · double closet
marble floor · quartz counter · breakfast bar
Listed at $629,900, about 18% below our estimate of $767K (homes like it typically land between $719K and $804K).
Total price vs nearby homes. Fair value about $767K, learned from recent GTA sales.
The market behind the math:
Price per square foot: this home lists at $485/sqft against an area asking average of $777/sqft.
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.
It never sees the asking price. The 9 most comparable recent sales on their own, adjusted for size, beds, baths and lot, point to about $796K. Condition and finishes remain an in-person call.
What the listing highlights5 points to weigh
Claims from the listing, worth confirming in person. I can 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
- Recent major systems: lower near-term capital costs, ask for the ages and any warranties. Value driver
- Open-concept layout: modern, sought-after flow. Lifestyle
- Hardwood floors: quality hardwood is durable and broadly desirable. Lifestyle
- Transit / schools nearby: convenience and resale support, verify the exact distances and school catchment. Value driver
Schools & getting aroundcatchment and transit
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.
Read this with carewhy it’s an estimate, not an appraisal
There were not many closely comparable homes right in Ionview, so I widened the search to the surrounding area.
Based on 9 homes sold on this street over the past two years, from 9 closings in Ionview.
For sale
For sale
For sale
For sale
For sale
For sale
For saleNothing closely matching this home is listed nearby right now, so these are the nearest townhouse listings on the market. Homes like this one have recently closed around $767K, which is where my estimate comes from.
Per square foot, these ask about $574/sqft; this home lists at $485/sqft. Size is part of the price story, not just the sticker.
The 5 closest of 7 active listings nearby.
See all comparable homesSold price trend
Median sold price for townhouses in Toronto: $1.06M in September 2026, down 3% from a year ago, on 900 closings in 12 months.
Line: median sold price, each month averaged with its neighbours and weighted by closings. Bars: closings that month. Toronto as a whole: the neighbourhood alone has too few closings for a line of its own.
Month by month
| Month | Median sold | Closings |
|---|---|---|
| October 2025 | $1.05M | 84 |
| November 2025 | $1.04M | 75 |
| December 2025 | $1.05M | 55 |
| January 2026 | $1.04M | 38 |
| February 2026 | $1.17M | 53 |
| March 2026 | $1.09M | 86 |
| April 2026 | $1.22M | 95 |
| May 2026 | $1.10M | 88 |
| June 2026 | $1.05M | 97 |
| July 2026 | $960K | 91 |
| August 2026 | $995K | 47 |
| September 2026 | $1.06M | 91 |
Neighbourhood & location
Ionview, 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 4.34% via Ratehub.ca (as of October 20, 2026); conventional rates run a little higher.
Mortgage amount $503,920 · 4.49% over 25 years
Total monthly cost
- Mortgage payment (monthly equivalent)
- $2,786
- Property tax
- $299
- Condo / maintenance fees
- $0
- Heating
- $0
- Estimated monthly cost
- $3,086
Add your own property tax, condo fees, and heating on the left for a sharper total.
One-time closing costs
- Ontario land transfer tax
- $9,073
- Toronto municipal land transfer tax
- $9,073
- Estimated closing costs
- $18,146
Plus your down payment of $125,980. 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
- $167,176
- Principal paid down
- $61,570
- Interest paid
- $105,606
- Balance remaining
- $442,350
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 CENTURY 21 PERCY FULTON LTD.. MLS®/PropTx.