56 Commonwealth Ave, Scarborough - Single Garage Detached Home

56 Commonwealth Ave

LocationKennedy Park, Scarborough, M1K 4K2
$799K For Sale
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Description

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.

Features

  • House Facing
    Facing: West
  • Bedrooms
    Bedrooms: 2
  • Bathrooms
    Bathrooms: 1
  • Garages
    Garages: 1
  • Kitchens
    Kitchens: 1

Details

  • Front Lot
    Lot size: 40.00 x 137.68 Feet
  • Lot Depth
    Space: 700-1100
  • Tax Amount
    Tax: $ 3521.96
  • MLS
    E14029452
  • Listing contracted with: REMAX YOUR COMMUNITY REALTY
Room Size(M) Description
Living Rm3.66x3.78

Large Window, Crown Moulding, Combined w/Dining

Kitchen3.66x2.74

Dining Rm4.88x3.51

Broadloom, Window

Primary B3.44x3.20

Broadloom, Window, Closet

2nd Br3.35x3.20

Broadloom, Window, Closet

3rd Br3.35x2.23

Hardwood Floor, Window, Closet

4th Br3.35x3.20

Broadloom

Great Rm6.40x4.47

Broadloom, Window

Family Rm6.70x3.35

Broadloom, Window, W/W Fireplace

Laundry3.96x2.28

B/I Appliances



Bathroom Pieces Level
1xBath3 pcs

Main



Property Summary

Located close to the intersection of Midland Ave & Eglinton Ave, 56 Commonwealth Ave is a 2 bedrooms 1 washrooms Detached. The unit has a Single Detached Parking Space. The property has many nice features including None. Living Room Rm, Kitchen, Dinning Room Rm, Primary B, second bedroom, third bedroom, Great Room, Family Room Rm and Laundry are on the Main floor; fourth bedroom is on the Lower floor.

Home Market Analysis

For Sale

For Lease

Comparable home values have decreased 4.4% compared with the same period last year.

Rent levels have remained relatively stable compared with the same period last year.

Recent Comparable Value Range
$640,000 – $1,000,000
Recent 6-Month Rent Range
$1,950 – $2,100/month

How This Home Compares

Market Temperature
Strong Seller's Market
Strong SellerSellerBalancedBuyerStrong Buyer
Low inventory strongly favours sellers of similar homes.
Typical Selling Time
12 Days
Similar homes are selling in about 12 days, faster than the same period last year.
Price Position
In Line
The asking price is broadly in line with the estimated value of comparable homes.

Local Area Profile

This property is located in an area with a mix of homeowners and renters with a mix of detached homes and apartments and condominiums. Approximately 42% of residents hold a bachelor's degree or higher, while about 24% have a college credential. Public transit is commonly used by local commuters, alongside driving.



Commute Information

Toronto Subway Kennedy Subway Station (0.7km)
GTA Go Train Kennedy Go Train Station (0.6km)

Location





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