56 Tobermory Drive, Toronto, ON
Black Creek, Toronto · MLS® W14125604
About This Home
In short
- Set on a rare 63 114.9 ft corner lot, this renovated detached side-split offers 3 bedrooms, 2 baths, and a basement that's already income-ready - its own kitchen and...
- The big-ticket items are done: new roof, new windows, updated driveway and a newer garage door opener.
- Inside, bright principal rooms, renovated floors and a private garden bring an everyday livability you rarely find this close to downtown Toronto.
- You're steps to the brand-new Finch West LRT (Line 6) Tobermory stop - two stops to the Line 1 subway, minutes to York University (Schulich & Osgoode), and a direct...
- Paired with Toronto's new multiplex and garden-suite permissions, this oversized corner lot holds real long-term flexibility (buyer to verify).
Read the full description
Set on a rare 63 114.9 ft corner lot, this renovated detached side-split offers 3 bedrooms, 2 baths, and a basement that's already income-ready - its own kitchen and 3-piece bath in place. The big-ticket items are done: new roof, new windows, updated driveway and a newer garage door opener. Just move in. Inside, bright principal rooms, renovated floors and a private garden bring an everyday livability you rarely find this close to downtown Toronto. Location seals the deal. You're steps to the brand-new Finch West LRT (Line 6) Tobermory stop - two stops to the Line 1 subway, minutes to York University (Schulich & Osgoode), and a direct LRT ride to Humber College. Hwy 400 is four minutes away, with quick access to the 401/407, Yorkdale and Vaughan Mills. And this isn't potential on paper - it's city-backed transformation already underway. The property sits inside Toronto's approved Jane Finch Secondary Plan, alongside the master-planned Jane Finch Mall redevelopment: 10 mixed-use buildings and over 4,600 units reshaping the corridor block by block. Paired with Toronto's new multiplex and garden-suite permissions, this oversized corner lot holds real long-term flexibility (buyer to verify). Day-to-day life is covered too - Driftwood Park, York Woods Library and Black Creek Pioneer Village are all close, along with sought-after schools including Driftwood PS, Brookview MS, C.W. Jefferys CI (ESTeM STEM program) and St. Wilfrid Catholic. FreshCo and local grocers handle the essentials. Whether you're a first-time buyer stepping into detached ownership at a condo-alternative price, or an investor drawn to basement-suite income on rapid transit, 56 Tobermory checks every box for 2026. Book your private showing today.
Key Facts
- Property type
- Detached, Sidesplit
- MLS®
- W14125604
- Bedrooms
- 3+1 (4 total)
- Bathrooms
- 2
- Size
- 1100-1500 sq ft
- Lot
- 63 × 115 ft
- Cross streets
- Jane & Finch
- Parking
- 2 garage · 4 parking (attached)
- Driveway
- Available
- Basement
- Finished
- Kitchens
- 2 (1 + 1)
- Heating
- Forced Air
- A/C
- Central Air
- Exterior
- Brick
- Foundation
- Unknown
- Roof
- Asphalt Shingle
- Sewer
- Sewer
- Property tax
- $3,891 / 2025
- Days on market
- 1
- Listing brokerage
- CENTURY 21 ATRIA REALTY INC.
Rooms
See all 10 rooms, floor by floor
combined w/dining · open concept · above grade window
above grade window · closet
combined w/kitchen · open concept · bay window
above grade window · closet
combined w/living · open concept
4 Pc Bath
above grade window · closet
3 Pc Bath
Our Take
Team Asgarian · BrokerListed at $959,000. Going by how homes in Black Creek and the wider GTA have actually closed against their asking prices (about 97%, 6 local closings in 90 days), the likely sale price is near $934K, if it sells. A realistic range is $875K to $1.05M.
Independent value check: $905K. Without looking at the asking price, our model values the home itself about 6% below the ask (homes like it typically land between $848K and $949K).
Why $905K. The typical detached home sold in Black Creek over the past year went for about $890K (16 sales). What sets this one apart:
- ▲ Raises itThe listing describes it as fully renovated or newly built.
Total price vs nearby homes. Likely closing about $934K, from 6 recent closings in this pocket.
The market behind the math:
About 3 months of inventory: 6 detached homes for sale in the area against 6 closings in the last 90 days. Under two months favours sellers, over four favours buyers.
Price per square foot: this home lists at $738/sqft against an area asking average of $746/sqft.
- Corner lot. Two street frontages: more to landscape, shovel and mow, and more exposure to traffic, wind and headlights at night. Buyers price that against an interior lot on the same street, so I read this one on the cautious side and confirm the setting in person.
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 6 most comparable recent sales on their own, adjusted for size, beds, baths and lot, point to about $931K. Condition and finishes remain an in-person call.
What the listing highlights4 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
- Premium lot / gardens: lot size and privacy hold value and cannot be changed, verify frontage, depth, and any easements. Value driver
- Corner lot: more light and frontage, sometimes at the cost of privacy. Weigh carefully
Schools & getting aroundcatchment and transit
The assigned public school is Brookview Middle 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 ($738/sqft) is in line with the area, so you are paying for extra space rather than a premium.
There were not many closely comparable homes right in Black Creek, so I widened the search to the surrounding area.
Based on 6 comparable homes that sold in Black Creek over the past two years, from 33 closings there.
What sellers nearby are asking
For sale in Black Creek now · asking prices
Every home like this one for sale in Black Creek right now, newest listing first. These are asking prices, not sales.
Per square foot, these ask about $801/sqft; this home lists at $738/sqft. Size is part of the price story, not just the sticker.
The 5 closest in price of 6 for sale in Black Creek.
See all comparable homesSold price trend
Median sold price for detached homes in Toronto: $1.20M in September 2026, down 1% from a year ago, on 7,409 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 | $1.25M | 742 |
| November 2025 | $1.21M | 601 |
| December 2025 | $1.14M | 385 |
| January 2026 | $1.20M | 287 |
| February 2026 | $1.21M | 459 |
| March 2026 | $1.33M | 584 |
| April 2026 | $1.30M | 784 |
| May 2026 | $1.30M | 868 |
| June 2026 | $1.25M | 778 |
| July 2026 | $1.17M | 687 |
| August 2026 | $1.19M | 553 |
| September 2026 | $1.20M | 681 |
Thinking of selling near Black Creek?
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Neighbourhood & location
Black Creek, Toronto, ON
Enter a workplace or destination and we’ll show the door-to-door time by car, transit and bike.
Get the full neighbourhood report (schools, parks, transit & safety) →
Schools & catchment
Assigned attendance-boundary schools, with EQAO resultsThe 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.
Questions About 56 Tobermory Drive
What is the asking price for 56 Tobermory Drive?
It is listed at $959,000.
How many bedrooms and bathrooms does 56 Tobermory Drive have?
3+1 bedrooms, and 2 bathrooms.
How big is 56 Tobermory Drive?
The listing gives 1100-1500 sq ft of living space, on a 63 × 115 ft lot.
Does 56 Tobermory Drive have parking?
2 garage spaces, 4 parking spaces in all.
What are the property taxes on 56 Tobermory Drive?
$3,891 a year, for 2025.
Is there an offer date for 56 Tobermory Drive?
The listing does not state an offer date.
Which schools is 56 Tobermory Drive zoned for?
By the school boards' attendance boundaries: Driftwood Public School, Brookview Middle School, Westview Centennial Secondary School and St. Charles Garnier. Boundaries change, so confirm with the board before relying on it.
When was 56 Tobermory Drive listed?
It came on the market on October 28, 2026.
Who is the listing brokerage for 56 Tobermory Drive?
CENTURY 21 ATRIA REALTY INC.. Team Asgarian can book you a private showing and represent you as the buyer: (416) 837-8000.
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
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 4.44% via Ratehub.ca (as of October 29, 2026); conventional rates run a little higher.
Mortgage amount $767,200 · 4.59% over 25 years
Total monthly cost
- Mortgage payment (monthly equivalent)
- $4,285
- Property tax
- $324
- Condo / maintenance fees
- $0
- Heating
- $0
- Estimated monthly cost
- $4,609
Add your own property tax, condo fees, and heating on the left for a sharper total.
One-time closing costs
- Ontario land transfer tax
- $15,655
- Toronto municipal land transfer tax
- $15,655
- Estimated closing costs
- $31,310
Plus your down payment of $191,800. 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
- $257,083
- Principal paid down
- $92,626
- Interest paid
- $164,456
- Balance remaining
- $674,574
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.
Helpful resources
All information deemed reliable but not guaranteed. For personal, non-commercial use only. Listing courtesy of CENTURY 21 ATRIA REALTY INC.. MLS®/PropTx.