$923,900 - 25 Merryfield Drive, Kennedy Park
Detached for Sale in Kennedy Park
105 days on market- MLS Number
- E12834020
- Property Type
- Detached
- Status
- active
- Days on Site
- 105
- Bedrooms
- 6
- Bathrooms
- 3
- Square Feet
- 1,100 - 1,499 sqft
- Neighbourhood
- Dorset Park / Kennedy Park
- Listing Brokerage
- RE/MAX REALTRON REALTY INC.
Well-Maintained 4-Bedroom Detached Bungalow on a Family-Friendly Street in Dorset Park!Welcome to this beautifully renovated and spacious 1 1/2 Storey Detached Home On A 40 x 125 ft lot with excellent garden suite potential (subject to city approval). Thoughtfully updated throughout, the home features a custom kitchen with quartz countertops and quartz backsplash, pot lights, and a walk-out to a large deck, perfect for entertaining or relaxing outdoors. A separate side entrance leads to a generously sized 2-bedroom basement apartment complete with a modern kitchen and bathroom, offering great income or multi-generational living potential. The property also boasts a spacious carport accommodating up to 2 cars inside and 2 additional parking spaces outside. Additional upgrades include newer appliances and modern interior finishes throughout. Ideally located within walking distance to Kennedy Rd., with direct bus access to Kennedy Subway, and just minutes to Highways 401 & 404. Close to Kennedy Commons, restaurants, shopping, Toronto Public Library, McGregor Community Centre, Winston Churchill Collegiate Institute, public schools, parks, and more. A true must-see, perfect for families, investors, or anyone seeking a move-in-ready home with exceptional future potential.
Estimate your monthly payments for this property
Estimated Payment
$4,740.09/mo
Includes CMHC insurance ($25,777)
5-yr fixed avg.
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.
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
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.
25 Merryfield Drive, Dorset Park / Kennedy Park
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Monthly Cash Flow Breakdown
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's Thoughts
Honest perspective from 30+ years of GTA real estate experience
Fair Market Value
At $840/sqft, this property is priced in line with current Kennedy Park market conditions. The pricing suggests the seller has done their homework. We may have modest room for negotiation, typically 2-4% in today's market.
Negotiation Opportunity
At 105 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.
Detached Home Advantages
Detached homes in Kennedy Park are increasingly scarce and valuable. You'll have no shared walls, full control over renovations, and typically stronger appreciation. Consider the lot size and potential for future additions or basement apartment income. Detached homes also offer the most flexibility for growing families.
Excellent Flexibility
With 6 bedrooms, you have genuine flexibility. Beyond the master and kids' rooms, you can have a dedicated home office, guest room, hobby space, or even rental income potential. In today's work-from-home era, extra bedrooms add significant value. Properties with 5+ bedrooms are relatively rare in Kennedy Park.
Bathroom Count Matters
With 3 bathrooms, morning routines are much smoother. Multiple bathrooms significantly improve daily livability and are a major selling point for resale. Buyers consistently pay more for adequate bathroom counts - this is a strong feature.
Investment Perspective
Looking at this as an investment: Kennedy Park properties have averaged 5-7% annual appreciation over the past decade. Your estimated monthly carrying costs would be around $3,850 (mortgage, taxes, insurance). Consider whether you're comfortable with this as both a home and a financial commitment.