56 Commonwealth Avenue, Toronto, ON M1K 4K2
Kennedy Park, Toronto · Near Midland Ave & Eglinton Ave · View map
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.
The home
- Type
- Detached bungalow
- Style
- Bungalow
- Square footage
- 700-1100 sq ft
- Bedrooms
- 2
- Bathrooms
- 1
- Kitchens
- 1
- Rooms
- 6
- Basement
- None
- Lot size
- 40 x 137.7 ft
- Faces
- West
Ownership & fees
- Ownership
- Freehold
- Monthly condo fee
- None
- Exterior
- Brick
Heating & cooling
- Heating fuel
- Gas
- Heating type
- Forced Air
- Air conditioning
- Central Air
- Fireplace
- No
Garage & parking
- Garage
- Detached
- Garage spaces
- 1
- Driveway spaces
- 3
- Total parking
- 4
- Parking features
- Available
Taxes & other
- Property taxes
- $3,522/yr
- Tax year
- 2026
- Occupancy
- Vacant
- Possession
- TBA
- Cross street
- Midland Ave & Eglinton Ave
- Neighbourhood
- Kennedy Park
More
- Price per sq ft
- ~$888 (at 900 sq ft)
- MLS® number
- E14029452
No matching details. Ask Will instead
No features listed yet.
- Mortgage
- Property tax
- Maintenance fee
Cash needed to close
Estimates only, using Canadian semi-annual compounding, Ontario land transfer tax and Toronto municipal land transfer tax. Mortgage default insurance is added when you put down less than 20%. Your lender and lawyer will confirm exact numbers.
56 Commonwealth Avenue, Toronto, ON M1K 4K2
Kennedy Park, Toronto · Near Midland Ave & Eglinton Ave
Get directionsWhat’s nearbySchools nearby
Open this tab to load nearby schools.
Your commute
Enter where you go every day to see real drive times:
Listing history for 56 Commonwealth Avenue
See what this home and others at the same address were listed for, what they sold for, and how long it took.
Sold prices are for members. It’s free, takes a few seconds, and unlocks the sale history on every listing.
Frequently asked questions about 56 Commonwealth Avenue
Answers come straight from this home’s MLS® listing.
How much is 56 Commonwealth Avenue listed for, and what would it cost each month?
56 Commonwealth Avenue is listed for $799,000. With 20% down ($159,800), the mortgage payment would be roughly $3,223 a month at 4.5% over 30 years. Add property tax and the estimate comes to about $3,516 a month, all in. That figure is an illustration, not a quote.
Is 56 Commonwealth Avenue freehold or a condo, and is there a monthly fee?
56 Commonwealth Avenue is a detached bungalow in Kennedy Park, Toronto. Ownership is freehold: you own the home and the lot. There is no monthly condo fee, so the roof, windows, driveway, snow and lawn are yours to look after.
How many bedrooms and bathrooms does 56 Commonwealth Avenue have?
56 Commonwealth Avenue has 2 bedrooms and 1 bathroom.
Does 56 Commonwealth Avenue have a garage and parking?
Yes. The listing shows the garage as detached, with room for 1 car. The driveway adds 3 spaces. In total the listing counts 4 parking spaces.
Does 56 Commonwealth Avenue have a finished basement?
No. The listing shows no basement for this home.
What style of home is 56 Commonwealth Avenue?
56 Commonwealth Avenue is a detached bungalow. A detached bungalow has all of its main living space, including the bedrooms, on one floor, usually over a full basement.
How big is 56 Commonwealth Avenue, and what is the lot size?
The listing puts the home between 700 and 1,100 sq ft. The board reports a range rather than an exact figure, and it usually leaves out the basement. The lot is listed as 40 x 137.7 ft.
How is 56 Commonwealth Avenue heated and cooled?
Heating is forced air (gas). Cooling is central air.
What are the property taxes for 56 Commonwealth Avenue?
Property taxes are $3,522 a year (2026), or about $293 a month.
Where is 56 Commonwealth Avenue?
56 Commonwealth Avenue is in the Kennedy Park community of Toronto. The nearest main intersection is Midland Ave & Eglinton Ave. The postal code is M1K 4K2.
Is 56 Commonwealth Avenue still for sale?
Yes. It is an active listing (MLS® E14029452). Listings here update from the board through the day and come down once a home sells.
What are similar detached homes near 56 Commonwealth Avenue asking?
Similar detached homes for sale nearby right now include 96 Commonwealth Avenue at $850,000 (3+1 bed), 95 Laurel Avenue at $849,000 (2+1 bed) and 177 Magnolia Avenue at $745,900 (2+3 bed). These are asking prices, not sold prices. The Sold history tab shows what homes at this address went for.
What have homes at 56 Commonwealth Avenue sold for?
Recent sales, leases and expired listings for this home and others at the same address are in the Sold history tab, with the price and date of each. It is free for members.
How do I book a showing at 56 Commonwealth Avenue?
Pick a day and time with Book a Tour on this page. Tours are free, with no obligation, in person or by video. You can also call or text 647-931-3923.
Have a different question? Ask about this home and get an answer, usually within the hour.
Similar detached homes nearby
More detached homes for sale near Kennedy Park, picked by style, size and price.
Detached bungalow$850,00096 Commonwealth Avenue, Toronto3+1 bed · 2 bath · Kennedy ParkCourtesy of: RE/MAX REALTRON REALTY INC.View home →
Detached bungalow$849,00095 Laurel Avenue, Toronto2+1 bed · 2 bath · Kennedy ParkCourtesy of: ROYAL LEPAGE SIGNATURE REALTYView home →
Detached bungalow$745,900177 Magnolia Avenue, Toronto2+3 bed · 2 bath · Kennedy ParkCourtesy of: HOMELIFE NEW WORLD REALTY INC.View home →Courtesy of: REMAX YOUR COMMUNITY REALTY
Listing information comes from the Toronto Regional Real Estate Board through PropTx and is deemed reliable but is not guaranteed accurate. It is provided for consumers' personal, non-commercial use. The trademarks MLS®, Multiple Listing Service® and the associated logos are owned by The Canadian Real Estate Association (CREA) and identify the quality of services provided by real estate professionals who are members of CREA.
*Estimated monthly cost assumes 20% down, a 4.5% rate and a 30-year amortization, plus property tax. For illustration only.