40 Benway Drive, Toronto, ON
Rexdale-Kipling, Toronto · MLS® W13605626
About this home
Welcome to this well maintained bungalow in a quiet neighbourhood of Etobicoke. This home offers 3 bedrooms and 2 bathrooms. The large living room has a large window and fireplace feature for comfortable gatherings. The separate dining room complement this home providing wonderful space to gather with family and friends. The kitchen layout is functional and ready to prepare fan favorite meals. The main floor bathroom has been recently updated with a tiled and glass shower. The original hardwood flooring in the bedrooms and dining room have been meticulously cared for. There is neutral coloured carpet in the hallways and living room, however underneath you will be surprised to find the same beautiful hardwood. The basement is finished and functional with a large recreation room, additional bedroom, den/study, laundry room and workshop. There are possibilities in the basement to suit your family needs and/or multigenerational living. The backyard is fully fenced with lots of beautiful trees, hedges and perennials for amazing privacy and natural beauty. From the backyard, you can enter the house through the doorway that takes you to the kitchen or basement entry. The attached, single car garage also provides backyard access. Storage in this home is plentiful with many cupboards, storage areas in the basement and a garage loft. This home is conveniently located with easy access to HWY 401 and 427 for quick trips to Pearson Airport or downtown Toronto! Public transit (TTC) stops are within walking distance to Kipling Ave. This community is close to elementary, high schools, libraries and places of worship. Please review the Property Features and check the property website at 40benway.com This home is waiting for your personal touch! This home will be very suitable for downsizers, first-time home buyers or families waiting to make memories in this lovely home! Don't wait, come see this beauty today!
Key facts
- Property type
- Detached, Bungalow
- MLS®
- W13605626
- Bedrooms
- 4 (3 + 1)
- Bathrooms
- 2 (1 half)
- Size
- 1100-1500
- Lot
- 55.25 × 99.5 ft
- Cross streets
- Kipling Ave and Rexdale Blvd
- Parking
- 1 garage · 2 parking (attached)
- Basement
- Finished
- Heating
- Forced Air
- A/C
- Central Air
- Exterior
- Brick
- Foundation
- Poured Concrete
- Roof
- Asphalt Shingle
- Sewer
- Sewer
- Property tax
- $4,316 / 2026
- Listing brokerage
- COLDWELL BANKER THE REAL ESTATE CENTRE
Rooms
window · linoleum · backsplash
window · panelled
hardwood floor · large window
hardwood floor · large window · closet
hardwood floor · window · closet
window · panelled
hardwood floor · window · closet
vinyl floor · window · panelled
picture window · brick fireplace
Listed at $868,000, and my independent estimate is right in line with comparable homes.
In Rexdale-Kipling lately, sellers get about 98% of asking; homes sell in ~32 days.
Total price vs nearby homes. Fair value about $899K, median of 72 comparables.
How this estimate is builtthe short version
I take the 72 most comparable recent sales nearby and adjust each one to this home for the real differences (size, beds, baths, garage, and standout features), then use the median, which is steadier than leaning on any single sale.
It’s grounded in recent closing prices, not asking prices. Lot, condition, and finishes are my in-person call, and the city (MPAC) assessment points to about $973K, a close match.
What the listing highlights2 points to weigh
Claims from the listing, worth confirming in person. I can book you a private showing.
- 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 Thistletown Collegiate Institute. EQAO is only one input, and families here also look at French Immersion, boundary, and private options, the full breakdown is below.
Based on 72 comparable homes that recently sold nearby.
The closest active listings by size, beds, and price, so you can see what this home is up against.
The 4 closest active listings nearby.
See all comparable homesThis home lists 9% below the area average of $734/sqft.
View comparable listingsPrice per square foot vs the area average.
Neighbourhood & location
Rexdale-Kipling, 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 24, 2026); conventional rates run a little higher.
Mortgage amount $694,400 · 4.14% over 25 years
Total monthly cost
- Mortgage payment (monthly equivalent)
- $3,706
- Property tax
- $360
- Condo / maintenance fees
- $0
- Heating
- $0
- Estimated monthly cost
- $4,065
Add your own property tax, condo fees, and heating on the left for a sharper total.
One-time closing costs
- Ontario land transfer tax
- $13,835
- Toronto municipal land transfer tax
- $13,835
- Estimated closing costs
- $27,670
Plus your down payment of $173,600. 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
- $222,335
- Principal paid down
- $88,432
- Interest paid
- $133,903
- Balance remaining
- $605,968
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 COLDWELL BANKER THE REAL ESTATE CENTRE. MLS®/PropTx.