56 41st Street, Toronto, ON
Long Branch, Toronto · MLS® W12749804
About this home
Welcome to this spacious 4-bedroom home in the sought-after Long Branch community of South Etobicoke. Featuring two bathrooms, a bright and inviting living room, and a generous lower-level rec room, this home offers plenty of space for growing families or those looking to create a flexible living environment-whether as a cozy theatre room or potential in-law suite.Ideally located just steps from Marie Curtis Park and the shores of Lake Ontario, you'll enjoy easy access to scenic trails, green space, and waterfront living. Commuters will appreciate the convenience of three transit options nearby, including GO Transit, TTC, and Mississauga Transit, along with quick access to major highways including the 427, QEW, and 401.One of the most affordable opportunities south of Lakeshore in Toronto's west end, this home offers incredible value in a highly desirable neighbourhood.With solid bones and great layout, you can move in and enjoy as-is, or update over time to truly make it your own. A rare chance to enter this lakeside community at an attractive price point.
Key facts
- Property type
- Detached, 2-Storey
- MLS®
- W12749804
- Bedrooms
- 4
- Bathrooms
- 2
- Size
- 1500-2000
- Lot
- 25 × 120 ft
- Cross streets
- 41st street and Lakeshore east
- Parking
- 2 parking
- Basement
- Separate Entrance
- Heating
- Forced Air
- A/C
- None
- Exterior
- Other
- Foundation
- Concrete
- Roof
- Asphalt Shingle
- Sewer
- Sewer
- Property tax
- $5,286 / 2025
- Days on market
- 165
- Listing brokerage
- STEPSTONE REALTY LTD.
Rooms
Walk-In Closet(s)
Gas Fireplace
Listed at $950,000, this home is about 20% below comparable homes, worth a close look. The number above is my independent estimate of value, not the asking price.
There were not many closely comparable homes right in Long Branch, so I widened the search to the surrounding area.
Based on 11 similar homes nearby, adjusted for size, beds, and baths.Median of 11 comparable active listings, adjusted for size, beds, and baths. The city (MPAC) assessment points to about $1.15M, a close match. 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 $1000K
- Bathrooms −$15K
- Adjusts to $985K
That comparable adjusts to $985K; the $1.19M estimate above is the median of all 11 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.
The assigned public school is James S Bell Junior Middle School. EQAO is only one input, and families here also look at French Immersion, boundary, and private options, the full breakdown is below.
On location, this is a very walkable address with everyday errands close by. Lakeshore Rd At Forty-First St 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 $1.19M, median of 11 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.
- Sold as-is / needs work: budget for renovation, the price should reflect the condition.
- Weigh carefully
The closest active listings by size, beds, and price, so you can see what this home is up against.
The 3 closest active listings nearby.
See all comparable homes164 days longer than the Toronto average (1 days).
View comparable listingsPrice per square foot vs the area average.
Neighbourhood & location
Long Branch, Toronto, ON
Enter a workplace or destination and we’ll show the door-to-door time by car, transit and bike.
Getting around
Very WalkableA 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 Google.
Most daily errands can be done on foot.
🚉 Nearest transit: Lakeshore Rd At Forty-First St, about 234 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
Conventional (20%+ down). Best insured 5-year fixed 3.99% via Ratehub.ca (as of July 17, 2026); conventional rates run a little higher.
Mortgage amount $760,000 · 4.14% over 25 years
Total monthly cost
- Mortgage payment (monthly equivalent)
- $4,056
- Property tax
- $441
- Condo / maintenance fees
- $0
- Heating
- $0
- Estimated monthly cost
- $4,496
Add your own property tax, condo fees, and heating on the left for a sharper total.
One-time closing costs
- Ontario land transfer tax
- $15,475
- Toronto municipal land transfer tax
- $15,475
- Estimated closing costs
- $30,950
Plus your down payment of $190,000. 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
- $243,339
- Principal paid down
- $96,786
- Interest paid
- $146,552
- Balance remaining
- $663,214
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 STEPSTONE REALTY LTD.. MLS®/PropTx.