$799,000
56 Commonwealth Avenue, Toronto, ON M1K 4K2
Kennedy Park · Toronto · M1K 4K2
Listing brokerage: REMAX YOUR COMMUNITY REALTY
- Beds
- 2
- Baths
- 1
- Sq ft
- 700–1100
- Parking
- 4
Monthly costs
Property taxes
$293/mo
$3,522 a year (2026)
The home
- Lot size
- 40 × 137.7 ft
- Style
- Bungalow
- Parking
- 4 spots · Detached
- Faces
- West
- Heating · cooling
- Forced Air, Central Air
- Possession
- TBA
About this home
Great Opportunity for Renovators, Investors, and Builders! Situated on a generous 40 x 137.5 ft lot in a convenient location, this 2-bedroom detached bungalow offers excellent potential for renovation, expansion, or redevelopment. Features include a separate side entrance to the basement, a spacious recreation room, workshop, laundry area, a detached garage, and a private driveway with parking for up to 4 cars. Deep backyard with plenty of outdoor space. Walking distance to TTC, Kennedy GO Station, parks, schools, shopping, and other amenities. Great opportunity to invest in a desirable and established neighbourhood. Property being sold in as-is condition.
All details20 more from the listing · Interior, Heating, Parking, Exterior, Utilities, Taxes, Listing
Interior
- Bedrooms
- 2
- Bathrooms
- 1
- Kitchens
- 1
- Rooms
- 6
- Size
- 700-1100 sq ft
Heating & Cooling
- Heat source
- Gas
Parking
- Covered spaces
- 1
Features
- Available
Exterior & Lot
- Exterior
- Brick
- Roof
- Asphalt Shingle
- Foundation
- Concrete Block
Utilities
- Sewer
- Sewer
Taxes & Fees
- HST
- Included In
Listing
- MLS® number
- E14029452
- Type
- Detached
- Transaction
- For Sale
- Neighbourhood
- Kennedy Park
- Cross streets
- Midland Ave & Eglinton Ave
Rooms · 12Living Room, Kitchen, Dining Room, Primary Bedroom, Bedroom 2, Room, Bedroom 3, Bedroom 4, Great Room, Family Room, Laundry, Washroom
Living Room
Main
3.66 × 3.78 m · 12′0″ × 12′5″
Large Window, Crown Moulding, Combined w/Dining
Kitchen
Main
3.66 × 2.74 m · 12′0″ × 9′0″
Dining Room
Main
4.88 × 3.51 m · 16′0″ × 11′6″
Broadloom, Window
Primary Bedroom
Main
3.44 × 3.20 m · 11′3″ × 10′6″
Broadloom, Window, Closet
Bedroom 2
Main
3.35 × 3.20 m · 11′0″ × 10′6″
Broadloom, Window, Closet
Room
Bedroom 3
Main
3.35 × 2.23 m · 11′0″ × 7′4″
Hardwood Floor, Window, Closet
Bedroom 4
Lower
3.35 × 3.20 m · 11′0″ × 10′6″
Broadloom
Great Room
Main
6.40 × 4.47 m · 21′0″ × 14′8″
Broadloom, Window
Family Room
Main
6.70 × 3.35 m · 22′0″ × 11′0″
Broadloom, Window, W/W Fireplace
Laundry
Main
3.96 × 2.28 m · 13′0″ × 7′6″
B/I Appliances
3-piece washroom
Main
History
Past listings and sales for this home and building.
Location
56 Commonwealth Avenue, Toronto, ON M1K 4K2 · Near Midland Ave & Eglinton Ave
Monthly cost
Estimated monthly cost
$3,831/mo
- Mortgage
- $3,538
- Property tax
- $293
Amortization
Estimate only, for illustration. Includes mortgage default insurance when less than 20% is put down. Speak with a lender for an exact figure.
Cash to close
Cash to close
$186,634
$159,800 down + $26,834 to $28,084 in closing costs
- Ontario land transfer tax
- $12,455
- Toronto land transfer tax
- $12,455
- Legal fees and disbursements
- $1,500 to $2,500
- Title insurance
- $250 to $500
- Property tax adjustment
- $174
Estimate only, not legal or tax advice. Rates as of 2026-10-14 from Ontario, City of Toronto and CMHC published rates. Legal and title figures are typical ranges. Adjustments assume the seller prepaid the closing month. First-time rebates have eligibility rules; confirm with your lawyer.
The listing information is deemed reliable but is not guaranteed accurate by PROPTX. The information provided herein must only be used by consumers that have a bona fide interest in the purchase, sale, or lease of real estate and may not be used for any commercial purpose or any other purpose.
$799,000
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