56 Homestead Road, Toronto, ON

$980,000
MLS#:E12926888
4 beds
3 baths
1500-2000 sqft
4.0 parking
Residential Freehold
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This listing is no longer active (Sold)

This property has been sold, leased, or taken off the market. You can view similar active listings below.

Property Highlights

Welcome to this remarkable 2-Storey detached located in the coveted neighborhood of West Hill. Expertly crafted featuring premium brick construction, this residence presents an exceptional opportunity offered at $980,000 to acquire a beautiful home in a highly sought-after setting. Designed for both comfortable daily living and elegant entertaining, the layout maximizes natural light, functional flow, and lifestyle utility.

  • 4 Bedrooms and 3 Bathrooms with 2 functional kitchens
  • Generous living space spanning 1500-2000 sqft on a premium 50 x 148 ft lot
  • Features a separate entrance, finished basement, adding superb versatility for recreation, a home gym, or extra storage
  • 4.0 total parking spaces available with a convenient attached configuration
  • Notable attributes: Carpet Free, In-Law Capability
  • Efficient forced air heating via gas

Description

Welcome to this lovely home situated in a highly sought-after Scarborough neighborhood, just minutes from the lake. Offering the perfect blend of comfort and convenience, this home is close to excellent schools, beautiful parks, a variety of restaurants, shopping, major highways, and public transit - making it an ideal choice for families and commuters alike. As you enter, you'll be greeted by a bright and expansive veranda with large windows flooding the space with natural light - a perfect spot to enjoy your morning coffee or unwind in the evening. The main floor features a generously sized living and dining area, ideal for entertaining family and friends. A cozy family room with a wood-burning fireplace adds warmth and charm, while a patio door leads to a covered deck, seamlessly extending your living space outdoors. The large, level backyard offers endless possibilities for gardening, outdoor activities, or future projects. A convenient three-piece bathroom completes the main floor. Upstairs, you'll find three spacious bedrooms, each offering comfort and ample storage. The primary bedroom features direct access to a four-piece bathroom, which is also accessible from the hallway. A highlight of this room is the large patio door leading to a potential balcony - ready to be finished to your taste. The fully finished basement adds incredible value to this home, featuring a separate entrance, a second kitchen, a living room, a bedroom, and a full bathroom - making it an ideal in-law suite or potential rental space. A large cold room provides additional storage. The backyard is a true standout, offering an expansive and level space that can be transformed to suit your vision. A large, well-built shed presents exciting opportunities as a workshop, extra storage, a potential secondary suite, or a stylish he/she shed. It has built-in support for a possible garage door. Additionally, the garage has been modified to allow for extra storage, a feature many will appreciate.

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Key Features

Bedrooms
4
Bathrooms
3
Kitchens
2
Living Area
1500-2000 sqft
Property Type
Residential Freehold

Additional Details

StatusSold
Sold DateApril 21, 2026
Sold price information is available to members only
Listed Date3/26/2026
Transaction TypeFor Sale

Property Details

Property Sub-TypeDetached
Architectural Style2-Storey
ConstructionBrick
BasementSeparate Entrance, Finished
Lot Size50 × 148 Feet
CountyToronto
Annual Tax$5,225.83
Legal DescriptionPT LT 28 PL 3006 SCARBOROUGH AS IN CA493648; TORONTO , CITY OF TORONTO

Parking & Garage

Parking Spaces4.0
Garage Spaces2
Garage TypeAttached

Heating & Cooling

Heat SourceGas
Heat TypeForced Air
CoolingNone

Features

Property Features

School, Public Transit, Fenced Yard, Level, Park, Library

Interior Features

Carpet Free, In-Law Capability

Security Features

Community Features

Location

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56 Homestead Road, Toronto, ON
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Property History

No historical data available for this property.

This could be the first listing for this address.

Pricing & Value Insights

Data-driven valuation for 56 Homestead Road, Toronto E10, ON M1E 3R9

Estimated Sales Range
$1.2M - $1.4M

Based on 0 recent similar sales in the pocket.

Market Speed
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Properties in this area are selling at a steady pace.

Market Trend
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Mortgage & Affordability Audit

Calculate your monthly payment, minimum downpayment, and land transfer taxes for this home in Toronto.

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Interest Rate5.25%
Down Payment$73,000 (7.4%)
* Minimum Canadian down payment required for this price is $73,000.
Amortization Period25 Years
Estimated Monthly Payment$5,405Based on a loan of $907,000 over 25 years.
Purchase Price$980,000
Loan Amount$907,000
Provincial Land Transfer Tax:$16,075
Toronto Municipal Land Transfer Tax:$16,075
Total Estimated Closing Taxes:$32,150

About Purchasing a Home in Toronto, ON

For a property listed at $980,000 in Toronto, the legal minimum down payment is $73,000 under current Canadian banking regulations. This calculation applies a 5% requirement on the first $500,000, 10% on the next $499,999, and a flat 20% on any amount exceeding $1,000,000.

Additionally, buyers in Ontario must budget for the Provincial Land Transfer Tax, which is estimated at $16,075 for this transaction. Since the property is located in Toronto, a municipal land transfer tax of $16,075 also applies, bringing the total estimated land transfer taxes to $32,150.

Nearby Listings

Distance:

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City & Neighborhood Guide

Comprehensive city-wide demographics, local real estate stats, and school rankings for West Hill, Toronto.

Verified Local Data
City Population2,794,356
City Median Age39.2 Yrs
City Ownership48% Owners
Avg Area List Price$954,004

People & Families

Age Distribution

Household Composition

One-person households
32%
Families with children
36%
Couples without children
24%
Other households
8%

Top Ethnic Origins

Chinese11%
English9%
Canadian8%
East Indian8%

Local Schools Guide

Elementary Schools

St Martin de Porres
Public230 Morningside Avenue, Scarborough, Toronto, Ontario, M1E 3E1
4.7
St Margaret
Public235 Galloway Road, Scarborough, Toronto, Ontario, M1E 1X5
7.4
St Malachy
Public80 Bennett Road, Scarborough, Toronto, Ontario, M1E 3Y3
5.6
St Ursula
Public215 Livingston Road, Scarborough, Toronto, Ontario, M1E 1L8
6.7
Saint-Michel
Public29 Meadowvale Road, Scarborough, Toronto, Ontario, M8Y 1R7
6.2

Secondary Schools

West Hill
Public299 Morningside Avenue, Scarborough, Toronto, Ontario, M1E 3G1
4.9
Sir Wilfrid Laurier
Public145 Guildwood Parkway, Scarborough, Toronto, Ontario, M1E 1P5
6.2
Sir Oliver Mowat
Public5400 Lawrence Avenue East, Scarborough, Toronto, Ontario, M1C 2C6
7.0
Cedarbrae
Public550 Markham Road, Scarborough, Toronto, Ontario, M1H 2A2
4.9

Homes & Housing

Structural Home Types

Tenure (Ownership vs Rental)

Owner-Occupied48%
Rented52%

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Notice: Market Insights are generated by analyzing real-time data and should be used for informational purposes only. Consult with a licensed professional for exact valuations.

Disclaimer: AI Insights are generated by an automated system and should be used for informational purposes only. While we strive for accuracy using current market data and deep-learning models, these assessments do not constitute professional real estate, legal, or financial advice. All property values, predictions, and scores are estimates. We strongly recommend verifying all property details and conducting independent due diligence with a licensed professional before making any purchase decisions.