MLS® listing
40 Bright Street: townhouse for sale
$1,495,000
From the listing brokerage
Live on one of Toronto's most sought-after streets! This beautifully renovated 2-storey home offers over 2,053 sq. ft. of finished living space (including the basement), featuring 3 bedrooms, 2 bathrooms, and the rare convenience of private parking.Thoughtfully and meticiously renovated from top to bottom, this home perfectly blends timeless character with elegant modern finishes. The open-concept main floor is ideal for everyday living and entertaining, highlighted by a stunning kitchen with stainless steel appliances and seamless access to the maintenance-free, west-facing backyard-perfect for relaxing or hosting guests.Upstairs, you'll find spacious bedrooms filled with natural light. The fully underpinned and waterproofed basement represents a significant investment, with hundreds of thousands spent to create additional living space complete with a large recreation room, a stylish 3-piece bathroom, and abundant storage.
Facts on the listing
| Square feet | 1100-1500 |
|---|---|
| Approximate age | 100+ |
| Style | 2 1/2 Storey |
| Basement | Finished, Full |
| Lot width | 12.6 |
| Lot depth | 83.48 |
| Lot measured in | Feet |
| Faces | West |
| Parking spaces | 1 |
| Garage | None |
| Heating | Forced Air |
| Cooling | Central Air |
| Kitchens | 1 |
| Rooms | 5 |
| Property tax | $6,123 |
| Tax year | 2026 |
| Parking | Lane, Private |
| Interior features | None |
| Features | Fenced Yard, Park, Public Transit |
Listing courtesy of ROYAL LEPAGE SIGNATURE REALTY. MLS® C13565128.
About this townhouse
40 Bright Street is a 3 bedroom townhouse in TRREB's Moss Park community in Toronto, listed for sale at $1,495,000. The listing shows 2 bathrooms and 1100-1500 square feet. The style is given as 2 1/2 storey. The lot is listed as 12.6 by 83.48 feet. The listing gives the basement as finished, full. It comes with 1 parking space according to the listing. The nearest main intersection given is Queen St. East And River. The age is listed as 100+ years.
These details come from the listing brokerage through TRREB's MLS® System. Room sizes, the lot, the taxes and what is included in the sale should all be confirmed before an offer is firm.
What it costs to buy 40 Bright Street
At the asking price of $1,495,000, a buyer pays two land transfer taxes on closing: the Ontario tax and the City of Toronto's municipal tax. Both apply to every home inside the City.
| Asking price | $1,495,000 |
|---|---|
| Ontario land transfer tax | $26,375 |
| Toronto municipal land transfer tax | $26,375 |
| Both taxes | $52,750 |
| First-time buyer relief, if you qualify | up to $8,475 |
| Minimum down payment | $124,500 |
The down payment figure is the federal minimum: 5 percent of the first $500,000 and 10 percent of the rest. A lender can ask for more. These figures use the asking price, so they change if you pay more or less. Legal fees, title insurance and adjustments are extra: ask your lawyer for a written quote. This is general information, not legal or tax advice. Confirm the figures with a lawyer or accountant. You can change the price in our land transfer tax calculator and our mortgage calculator.
What it costs to own each month
| Property tax (2026) | $6,123 a year, about $510 a month |
|---|
That is before a mortgage payment, home insurance and utilities. The listing shows no monthly maintenance fee, so upkeep of the building and the lot is the owner's own cost.
How the asking price compares
TRREB recorded 45 freehold townhouse sales in the City of Toronto in August 2026, at a median price of $962,000 and an average of $1,026,018. This home is listed at $1,495,000, which is $533,000 above that median.
The median covers every neighbourhood, size and condition in the City of Toronto, so it is a reference point and not a valuation of this home. Location, size, lot, parking and condition all move the price. Our Toronto house prices page has the figures for every home type.
What to check before you make an offer
- Book a home inspection. An inspector looks at the roof, foundation, wiring, plumbing and heating. The listing gives the heating as forced air.
- Have a lawyer search the title. A title search shows mortgages, liens and easements registered against the property. Ask whether a survey exists and whether it matches the lot on the listing, 12.6 by 83.48 feet.
- Ask about permits. Ask which renovations had building permits and whether those permits were closed.
- Confirm what is included. Appliances, light fixtures and window coverings are included only if the agreement says so. Ask whether the water heater or furnace is rented.
- Get your financing in writing. A lender looks at the property tax and heating costs as well as the price.
- See it in person. The listing has a virtual tour, but photos do not show noise, light at different hours or the state of the street and the homes beside it.
Our first-time home buyer guide and our page for buyers walk through each step. This is general information, not legal advice. Confirm the details with a lawyer.
Toronto neighbourhoods and prices
Our neighbourhood guides set out TRREB prices by home type, transit and the housing in each area we cover.
Toronto neighbourhood guides · Toronto house prices · All Toronto homes for sale
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Questions about 40 Bright Street
How much is land transfer tax on 40 Bright Street?
At the asking price of $1,495,000 the Ontario tax is $26,375 and the Toronto tax is $26,375, $52,750 in total. A first-time buyer who qualifies can get up to $8,475 back. Confirm the final figures with your lawyer.
What is the minimum down payment for 40 Bright Street?
$124,500 at the asking price of $1,495,000, under the federal minimum down payment rules. A lender may require more.
How much is the property tax on 40 Bright Street?
The listing shows $6,123 a year for 2026, about $510 a month.
Is 40 Bright Street priced above or below the median?
It is listed at $1,495,000. The August 2026 median for freehold townhouse sales in the City of Toronto was $962,000 across 45 sales, so the asking price is $533,000 higher. The median covers all sizes and neighbourhoods.
How do I book a showing for 40 Bright Street?
Use the form on this page or call us. Quote MLS® C13565128. We will confirm the listing is still available and arrange a time with the listing brokerage.
Is 40 Bright Street still for sale?
This page is refreshed from TRREB's MLS® System through the day. If the listing sells or is withdrawn the page says so. Contact us to confirm before you make plans.
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