895 Kennedy Road Unit 406, Toronto E04

Price: $349,900

2 bedrooms, 2 bathrooms

800 sqft

Property Type: Condo

MLS#: E13766148

*Welcome to this spacious 2-bedroom, 2-bathroom condo in the heart of Scarborough! Offering approx. 838 sq. ft. of well-designed living space, this bright and functional suite features a comfortable layout ideal for first-time buyers, downsizers, or investors. Shows Spotless* Enjoy a convenient location near Kennedy Road & Lawrence Avenue, with easy access to TTC/public transit, shopping, restaurants, grocery stores, schools, parks, & major highways. The generous living & dining areas provide plenty of space for everyday living & entertaining, with walk out Balcony & Ensuite Laundry Situated in an established and highly accessible Scarborough neighbourhood, this condo offers an excellent combination of space, location, and value. A fantastic opportunity to own a Beautiful 2-bedroom suite in a convenient GTA location! 1 Car Garage Parking and Locker is Included. Cable TV, Internet & landline incl. in Maintenance Fees!

895 Kennedy Road Unit 406 - Condo photo 1 of 26 in Dorset Park / Kennedy Park, Ontario
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active

$349,900 - 895 Kennedy Road Unit 406, Kennedy Park

Condo for Sale in Kennedy Park

Neighbourhood: Ionview

2Beds
2Baths
800Sq Ft
Condo

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Property Details
MLS Number
E13766148
Property Type
Condo
Status
active
Days on Site
27
Bedrooms
2
Bathrooms
2
Square Feet
800 sqft
Neighbourhood
Dorset Park / Kennedy Park
Taxes (2026)
$1,228
Maintenance Fees
$707/mo
Locker
Owned
Exposure
North
Balcony
Open
Listing Brokerage
RE/MAX ROUGE RIVER REALTY LTD.
Description

*Welcome to this spacious 2-bedroom, 2-bathroom condo in the heart of Scarborough! Offering approx. 838 sq. ft. of well-designed living space, this bright and functional suite features a comfortable layout ideal for first-time buyers, downsizers, or investors. Shows Spotless* Enjoy a convenient location near Kennedy Road & Lawrence Avenue, with easy access to TTC/public transit, shopping, restaurants, grocery stores, schools, parks, & major highways. The generous living & dining areas provide plenty of space for everyday living & entertaining, with walk out Balcony & Ensuite Laundry Situated in an established and highly accessible Scarborough neighbourhood, this condo offers an excellent combination of space, location, and value. A fantastic opportunity to own a Beautiful 2-bedroom suite in a convenient GTA location! 1 Car Garage Parking and Locker is Included. Cable TV, Internet & landline incl. in Maintenance Fees!

Mortgage Calculator

Estimate your monthly payments for this property

Estimated Payment

$1,795.17/mo

Includes CMHC insurance ($9,762)

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5-yr fixed avg.

Principal: $314,910Interest: $213,878
Mortgage Amount$324,672
Total Interest$213,878
Est. Property Tax$248/mo
Total Cost$538,551

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: Ionview

Discover Ionview

Ionview 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 Ionview

  • •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

Ionview 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

895 Kennedy Road Unit 406, Dorset Park / Kennedy Park

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Investor Analysis

Rental income estimator & ROI calculator

Estimated Monthly Rent
$2,200/mo
Range: $1,870 - $2,530
Cap Rate (ROI)
4.0%
Good

Monthly Cash Flow Breakdown

Rental Income+$2,200
Maintenance Fees-$707
Property Tax (est.)-$248
Insurance (est.)-$73
Net Cash Flow+$1,172

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 $437/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.

Market Position

At 27 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.

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. The $707/month fees should cover building insurance, common elements, and reserve contributions.

Efficient Living

At 800 sqft, this is a more compact space. The upside: lower utility bills, less maintenance, and easier cleaning. Consider how you'll use the space - built-in storage, multi-functional furniture, and good organization become important. Great for singles, couples, or those who prefer a low-maintenance lifestyle.

About Ionview

I know Ionview well from working with many buyers and sellers here. Each pocket has its own character - let me share what I've learned about this specific street and block. During our showing, I'll point out local amenities, school catchments, and what similar homes have sold for recently.

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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    895 Kennedy Road Unit 406 | $349,900 | Battaglia Team