$1,199,999 - 50 Elinor Avenue, Kennedy Park
Detached for Sale in Kennedy Park
- MLS Number
- E13177558
- Property Type
- Detached
- Status
- active
- Days on Site
- 18
- Bedrooms
- 5
- Bathrooms
- 3
- Square Feet
- 1,100 - 1,499 sqft
- Neighbourhood
- Dorset Park / Kennedy Park
- Listing Brokerage
- RE/MAX PROFESSIONALS INC.
Welcome to a Rare Opportunity Offering Charm, Space, Strong Income Potential, and Future Redevelopment Possibilities - All Situated on an Exceptional 40 x 193 Ft Lot. This Beautifully Maintained 3+2 Bedroom Bungalow Delivers Incredible Flexibility for Investors, Multi-Generational Families, or Buyers Seeking the Perfect Blend of Comfortable Living and Significant Rental Income.The Main Level Features a Warm and Functional Layout Highlighted by an Updated Kitchen With Quartz Countertops (2025), New Main Floor Kitchen Appliances (2025), and Bright, Inviting Living Spaces Filled With Natural Light. The Finished Basement Includes Two Separate Tenanted Units - a Bachelor Suite and a 1-Bedroom, 1-Bath Suite - Currently Generating $3,140/Month in Rental Income, With Total Projected Rental Income Potential of Approximately $6,140/Month Including the Main Level.What Truly Elevates This Property Is the Exceptional Lot Size and Future Potential. The Expansive Backyard Presents Exciting Opportunities for a Future Garden Suite, Rear Addition, or Even a Custom New-Build Opportunity (Buyer to Complete Their Own Due Diligence). The Large Detached 2-Car Garage Already Features Existing Water and Power Supply, Offering Outstanding Potential for a Future Garage Conversion Into One or Possibly Two Additional Income-Generating Units.Pride of Ownership Is Evident Throughout With Numerous Recent Updates Including a New Roof (2025), Repaired and Cleaned Gutters (2026), Basement Renovations (2021), and Epoxy Garage Flooring (2023). Existing Solar Panels Help Offset Utility Costs by Approximately $300-$400/Month on Average.Whether You're Looking for a Turnkey Investment, a Multi-Income Property, or a Home With Long-Term Redevelopment Potential, This Property Offers Exceptional Value, Versatility, and Endless Possibilities on an Oversized Lot in a Highly Desirable Setting.
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Estimated Payment
$5,308.00/mo
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.
50 Elinor Avenue, 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 $1091/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.
Market Position
At 18 days on site, this property has had reasonable exposure. It hasn't sold immediately (which often indicates overpricing), but isn't languishing either. There's likely room for a 3-5% negotiation from asking price.
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 5 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 $5,000 (mortgage, taxes, insurance). Consider whether you're comfortable with this as both a home and a financial commitment.