Cute as a button! Come see this rarely available 4 bedroom, 2 bathroom home with finished basement with rec-room in the heart of Long Branch community. Ideal for young professionals wanting to be close to the lake and minutes to downtown. Much loved home, bright with good energy. Move in before Xmas!
4 bedrooms, 2 bathrooms, about 1,500 sq ft, works out to roughly $399 per square foot. Chat with Zara if you'd like a deeper read on whether this detached fits your budget and timing.
Inside 56 Forty First St
Every detail from the listing, in one place.
Type
Detached
Style
2-Storey
Living space
1500-2000 sq ftas stated on the listing
Parking
2 spaces
Basement
Separate Entrance
Features & systems
Parking & garage
Parking spaces
2
Interior
Basement
Separate Entrance
Lot & land
Lot size (sqft)
0
Listing & possession
Property style
2-Storey
Property class
Detached
56 Forty First St Price & Sale History
Earlier listings of this property, list-price changes, and the most recent annual property tax on the listing.
For saleListedThis listingMLS® W14105186$598,888
Sourced from MLS®. Includes earlier listings of this property on record.
What's it worth?
How 56 Forty First St Compares to the Toronto Market
Zara compares it with recent sales of similar homes nearby. It's a guide, not an appraisal.
Independent mortgage broker · OAC · rates subject to change and underwritingMortgage Squad →
Referral disclosure: Summitly may refer you to Mortgage Squad Advisors, an affiliated mortgage partner. You are free to choose any lender or mortgage professional.
Monthly cost
Enter a rate to see the monthly cost
An estimate, not a quote. Utilities and insurance are extra.
Affordability calculator
Estimated monthly payment
$2,942
/mo
based on the purchase price of $598,888
$119,778 cash
$479,110 financed
$403,536 total interest
Principal54%$479,110
Interest46%$403,536
20% down · 25-yr amortization · 5.50% rate. Principal & interest only — taxes, condo fees, and insurance not included.
Want rate-drop alerts and a saved shortlist?
Figures are Summitly estimates for illustration only — not from TRREB or the MLS® feed, and not a mortgage approval, appraisal, or financial advice.
Rental income potential
Est. monthly rent
low–high
Gross yield
rent × 12 ÷ price
Cap rate (est.)
net of tax + fees
Summitly AI estimate for discussion only — not from TRREB or the MLS® feed, and not an appraisal or investment advice. Yield and cap rate are derived from the estimated rent versus the asking price.
For homeowners nearby
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Mortgage financing is arranged through Mortgage Squad Advisors. Summitly is the technology platform that powers this site. Estimated values, AI insights, calculator results, and rental projections shown on this page are generated by Summitly and are not provided by, reviewed by, or sourced from TRREB, the MLS®, or the listing brokerage; they are not appraisals or opinions of value. The trademarks REALTOR®, REALTORS®, and the REALTOR® logo are controlled by the Canadian Real Estate Association (CREA) and identify real estate professionals who are members of CREA. The Coldwell Banker® name and logo are trademarks of Coldwell Banker Real Estate LLC.
Similar homes for sale nearby in Toronto
Other 3–4 bed homes for sale in Toronto around $599K.
Average days on market32Homes sold in about 32 days on average.
Sale-to-list ratio5097.1%On average, homes sold at or above asking.
Active listings12,592Homes for sale here right now.
Median vs prior 90 days+1.2%Compared with Apr 25 – Jul 24, 2026: prices up.
Based on 9,303 sales from Jul 24 – Oct 22, 2026 (6,811 in the prior 90 days). Aggregate MLS® figures for closed sales; individual sold prices are shown only to signed-in members.
56 Forty First St is listed at $598,888 (MLS® W14105186). Summitly updates the price as soon as the MLS® record changes.
Is $598,888 a good price for 56 Forty First St?
Summitly rates it Excellent Deal: the asking price is 10% or more below Zara's estimate, an estimate built from recent sales in Toronto. The rating is an automated opinion, not an appraisal; "What's it worth?" on this page shows how it is worked out. See Zara's estimate
Has the price of 56 Forty First St changed?
No — 56 Forty First St is still listed at its original asking price of $598,888.
How many bedrooms and bathrooms does 56 Forty First St have?
56 Forty First St has 4 bedrooms and 2 bathrooms, with about 1,500–2,000 square feet of living space. It is a detached home in Toronto.
Is 56 Forty First St close to transit?
The nearest rapid-transit station is Long Branch GO Station (Lakeshore West GO), about 400 m (about a 5-minute walk) in a straight line. Dixie GO Station is about 3.5 km, and Mimico GO Station is about 4.8 km. Distances are straight-line, not walking routes; check the transit agency for routes and schedules.
How much would the monthly mortgage be on 56 Forty First St?
About $2,942 a month — principal and interest on $598,888 with 20% down ($119,778), a 25-year amortization and an assumed 5.5% interest rate. The mortgage calculator on this page lets you change the down payment, amortization and rate.
Are there open houses at 56 Forty First St?
Yes — Saturday, October 24, 2:00 PM – 4:00 PM; Sunday, October 25, 2:00 PM – 4:00 PM. Open-house times come from the listing brokerage and can change, so check this page before you go, or book a private viewing.
How does 56 Forty First St compare with other homes in Toronto?
Its asking price of $598,888 is about 29% below the median sold price in Toronto over the last 90 days, $845,000, across 9,303 closed sales on the TRREB MLS®. A city median mixes every type and size of home, so the comparable sales on this page are the closer guide.
Has 56 Forty First St been sold before?
Summitly has no earlier MLS® sale or lease of 56 Forty First St on record from the last two years. Older records aren't shown under TRREB rules.
Where is 56 Forty First St?
56 Forty First St is in Toronto, ON. Schools, transit, parks and shops nearby are under Location & lifestyle on this page.
How long has 56 Forty First St been on the market?
1 day — 56 Forty First St was listed on October 21, 2026.
What is the price per square foot of 56 Forty First St?
About $299 to $399 per square foot: the asking price of $598,888 over the 1,500–2,000 sq ft the listing gives as its size range.
