895 Kennedy Road Unit 506, Toronto E04

Price: $375,000

2 bedrooms, 2 bathrooms

800 sqft

Property Type: Condo

MLS#: E13781072

Welcome to this spacious and well-maintained 2-bedroom, 2-washroom condo in the heart of Scarborough, offering approximately 838 sq. ft. of bright, thoughtfully designed living space. The functional layout features generous living and dining areas, perfect for everyday living and entertaining, with plenty of natural light throughout. Enjoy a walkout balcony accessible through double balcony doors, ensuite laundry, and one garage parking space. The maintenance fee offers exceptional value and includes Internet, Cable TV, and a landline, providing added convenience and savings. Ideally situated within a walking distance to Kennedy subway station and the new Eglinton Crosstown, this home is surrounded by everything you need, including shopping, restaurants, grocery stores, schools, parks, and easy access to major highways. Located in an established and highly accessible Scarborough neighbourhood, this condo offers an excellent combination of space, comfort, convenience, and value. A fantastic opportunity for first-time homebuyers, downsizers, or investors looking for a beautiful 2-bedroom suite in a convenient GTA location. Please note: Photos have been virtually staged for illustrative purposes to showcase the potential use and functionality of the space. Furniture and décor shown may not be included with the property. New elevator installation project will be finished by October 23, 2026.

895 Kennedy Road Unit 506 - Condo photo 1 of 8 in Dorset Park / Kennedy Park, Ontario
895 Kennedy Road Unit 506 - Condo photo 2 of 8 in Dorset Park / Kennedy Park, Ontario
895 Kennedy Road Unit 506 - Condo photo 3 of 8 in Dorset Park / Kennedy Park, Ontario
895 Kennedy Road Unit 506 - Condo photo 4 of 8 in Dorset Park / Kennedy Park, Ontario
895 Kennedy Road Unit 506 - Condo photo 5 of 8 in Dorset Park / Kennedy Park, Ontario
895 Kennedy Road Unit 506 - Condo photo 6 of 8 in Dorset Park / Kennedy Park, Ontario
895 Kennedy Road Unit 506 - Condo photo 7 of 8 in Dorset Park / Kennedy Park, Ontario
895 Kennedy Road Unit 506 - Condo photo 8 of 8 in Dorset Park / Kennedy Park, Ontario
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New Listing
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$375,000 - 895 Kennedy Road Unit 506, Kennedy Park

Condo for Sale in Kennedy Park

New — Listed 7 days ago

Neighbourhood: Ionview

2Beds
2Baths
800Sq Ft
Condo

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Property Details
MLS Number
E13781072
Property Type
Condo
Status
active
Days on Site
7
Bedrooms
2
Bathrooms
2
Square Feet
800 sqft
Neighbourhood
Dorset Park / Kennedy Park
Locker
Exclusive
Exposure
North East
Balcony
Open
Listing Brokerage
RIGHT AT HOME REALTY INVESTMENTS GROUP
Description

Welcome to this spacious and well-maintained 2-bedroom, 2-washroom condo in the heart of Scarborough, offering approximately 838 sq. ft. of bright, thoughtfully designed living space. The functional layout features generous living and dining areas, perfect for everyday living and entertaining, with plenty of natural light throughout. Enjoy a walkout balcony accessible through double balcony doors, ensuite laundry, and one garage parking space. The maintenance fee offers exceptional value and includes Internet, Cable TV, and a landline, providing added convenience and savings. Ideally situated within a walking distance to Kennedy subway station and the new Eglinton Crosstown, this home is surrounded by everything you need, including shopping, restaurants, grocery stores, schools, parks, and easy access to major highways. Located in an established and highly accessible Scarborough neighbourhood, this condo offers an excellent combination of space, comfort, convenience, and value. A fantastic opportunity for first-time homebuyers, downsizers, or investors looking for a beautiful 2-bedroom suite in a convenient GTA location. Please note: Photos have been virtually staged for illustrative purposes to showcase the potential use and functionality of the space. Furniture and décor shown may not be included with the property. New elevator installation project will be finished by October 23, 2026.

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Estimate your monthly payments for this property

Estimated Payment

$1,923.94/mo

Includes CMHC insurance ($10,463)

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5-yr fixed avg.

Principal: $337,500Interest: $229,221
Mortgage Amount$347,963
Total Interest$229,221
Est. Property Tax$266/mo
Total Cost$577,183

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 506, 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)
4.3%
Good

Monthly Cash Flow Breakdown

Rental Income+$2,200
Maintenance Fees-$520
Property Tax (est.)-$266
Insurance (est.)-$78
Net Cash Flow+$1,336

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 $469/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.

Just Listed - Act Strategically

This property hit the market within the last week. In Kennedy Park's current market, desirable homes often receive multiple offers within 5-7 days. If you're seriously interested, I recommend booking a showing immediately. However, never let urgency override due diligence - we'll still do proper inspections.

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.

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 506 | $375,000 | Battaglia Team