1950 Kennedy Road Unit 909, Toronto E04

Price: $399,800

3 bedrooms, 1 bathrooms

1,000 sqft

Property Type: Condo

MLS#: E12840956

Nestled in the heart of Scarborough, this spacious three-bedroom with panoramic view from large expansive private balcony, priced competitively at $419,800. This unit offers open concept of living and dining area, fresh painted, parquet floor throughout, updated kitchen and bathroom, large bedrooms with large closets and windows, ample in-unit storage. Enjoy low property tax, low maintenance fee, and free cable. The building itself boasts a range of top-tier on-site fitness facilities, an entertainment room, party room, playground. Home surrounded by all the amenities, shopping, supermarket, everyday essential, restaurants, schools, TTC at doorstep, minutes to highway, subway and GO station, and more.

1950 Kennedy Road Unit 909 - Condo photo 1 of 5 in Dorset Park / Kennedy Park, Ontario
1950 Kennedy Road Unit 909 - Condo photo 2 of 5 in Dorset Park / Kennedy Park, Ontario
1950 Kennedy Road Unit 909 - Condo photo 3 of 5 in Dorset Park / Kennedy Park, Ontario
1950 Kennedy Road Unit 909 - Condo photo 4 of 5 in Dorset Park / Kennedy Park, Ontario
1950 Kennedy Road Unit 909 - Condo photo 5 of 5 in Dorset Park / Kennedy Park, Ontario
active
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$399,800 - 1950 Kennedy Road Unit 909, Kennedy Park

Condo for Sale in Kennedy Park

104 days on market
3Beds
1Baths
1,000Sq Ft
Condo
Property Details
MLS Number
E12840956
Property Type
Condo
Status
active
Days on Site
104
Bedrooms
3
Bathrooms
1
Square Feet
1,000 sqft
Neighbourhood
Dorset Park / Kennedy Park
Locker
None
Exposure
North
Balcony
Open
Listing Brokerage
REMAX CONNECT REALTY
Description

Nestled in the heart of Scarborough, this spacious three-bedroom with panoramic view from large expansive private balcony, priced competitively at $419,800. This unit offers open concept of living and dining area, fresh painted, parquet floor throughout, updated kitchen and bathroom, large bedrooms with large closets and windows, ample in-unit storage. Enjoy low property tax, low maintenance fee, and free cable. The building itself boasts a range of top-tier on-site fitness facilities, an entertainment room, party room, playground. Home surrounded by all the amenities, shopping, supermarket, everyday essential, restaurants, schools, TTC at doorstep, minutes to highway, subway and GO station, and more.

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Estimate your monthly payments for this property

Estimated Payment

$2,051.18/mo

Includes CMHC insurance ($11,154)

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5%10%50%

5-yr fixed avg.

Principal: $359,820Interest: $244,380
Mortgage Amount$370,974
Total Interest$244,380
Est. Property Tax$283/mo
Total Cost$615,354

Rates shown are estimates based on typical Ontario 5-year fixed rates. Canadian mortgages use semi-annual compounding as required by law. CMHC insurance applies to purchases under $1.5M with less than 20% down. Estimated property tax uses an approximate 0.85% rate. Contact us for current rate options and pre-approval.

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Neighbourhood Guide: Dorset Park / Kennedy Park

Discover Dorset Park / Kennedy Park

Dorset Park / Kennedy Park is a vibrant community in the Greater Toronto Area, offering excellent amenities, schools, and transportation options. This area is popular with families and professionals seeking a balanced lifestyle with access to urban conveniences and natural spaces.

Why Live in Dorset Park / Kennedy Park

  • Convenient location in Dorset Park / Kennedy Park
  • Access to local shops and dining
  • Good public transit connections
  • Community parks and green spaces
  • Well-maintained neighbourhoods

Nearby Schools

Local Elementary SchoolPublic Elementary
Local Secondary SchoolPublic High School

Transit & Commuting

  • MiWay bus routes throughout the area
  • GO Transit stations within driving distance
  • Easy highway access to 401/403/QEW
  • Walking distance to local amenities

Parks & Amenities

  • Local parks and recreational facilities
  • Community centres
  • Shopping plazas nearby
  • Restaurants and cafes

Lifestyle & Community

Dorset Park / Kennedy Park offers a wonderful quality of life with a mix of residential charm and urban convenience. Residents enjoy easy access to schools, parks, and shopping, making it an ideal location for families and professionals alike.

70
Walk Score
Varies
Price Range

1950 Kennedy Road Unit 909, Dorset Park / Kennedy Park

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Investor Analysis

Rental income estimator & ROI calculator

Estimated Monthly Rent
$2,760/mo
Range: $2,346 - $3,174
Cap Rate (ROI)
5.2%
Good

Monthly Cash Flow Breakdown

Rental Income+$2,760
Maintenance Fees-$650
Property Tax (est.)-$283
Insurance (est.)-$83
Net Cash Flow+$1,744

Note: These are estimates only. Actual figures may vary based on market conditions, property condition, and other factors. Consult with a financial advisor for personalized advice.

Joe Battaglia - Top Real Estate Agent in Mississauga, REMAX Realty Specialists

Joe's Thoughts

Honest perspective from 30+ years of GTA real estate experience

Competitive Pricing

At $400/sqft, this is priced below the area average. This could represent genuine value, but let's investigate why. In my experience, underpriced homes often have deferred maintenance, unfavourable layouts, or motivated sellers. I'll help you determine which it is.

Negotiation Opportunity

At 104 days on site, this property has exceeded the typical selling timeline for Kennedy Park. This creates leverage for buyers. The seller may be motivated by carrying costs, life circumstances, or previous deals falling through. I'd recommend a strategic offer below asking with terms that favour you.

Condo Considerations

For condos, I always review the status certificate thoroughly. Key things I look for: reserve fund health (should be well-funded), any upcoming special assessments, rules that might affect your lifestyle (pets, rentals, renovations), and the corporation's financial statements. We'll want to verify the monthly fees and what they include.

Starter Home Potential

3 bedrooms works well for couples planning families or small families with one child. Consider whether you might outgrow the space in 5-7 years. If so, factor in potential moving costs when making your decision. Alternatively, some buyers convert a bedroom to an office and make it work long-term.

Let's See It Together

Photos only tell part of the story. During our showing, I'll point out things the camera doesn't capture: neighbourhood feel, natural light quality, traffic noise, and overall condition. I'll also share what comparable homes have sold for and help you craft a winning strategy if you decide to move forward.

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