MLS® listing
31 Fortieth Street: duplex for sale
$2,199,000
From the listing brokerage
Homes like this almost never come to market in Long Branch. A legal duplex built for multi-generational living, on a 50 x 115.5 ft lot a short walk from the lake, with extremely solid bones and a layout with ample space to actually supports multiple households. Very few properties in the neighbourhood can match it. Parents, adult children and extended family can each have their own space under one roof, including their own laundry, with room to come together when you want to. The main floor is a 3 bedroom, 2 bathroom suite with hardwood floors, an open kitchen and dining area, and a sunken living room framed by a wall of windows. The upper unit offers 5 bedrooms and 3 bathrooms across the second floor and loft. The second floor has hardwood floors, a bright living room and a large eat-in kitchen with a walkout to the back deck. The loft holds the primary bedroom with its own ensuite and jacuzzi tub, plus a huge bonus room under skylights for a family room, office or studio. The basement adds even more space, with potential for a third suite or added living area for the main floor unit. Equally compelling as an investment, with two legal units in place today, each separately metered with its own laundry, plus potential for a third. Planning a renovation? The central plumbing stack keeps layout changes simpler and costs more predictable, and the structure gives you a strong starting point. Brick exterior, decks off the back, and a built-in double garage plus driveway parking for approx. 4 more cars. A quiet pocket close to the lake, a short walk to Marie Curtis Park, one of the best parks in the city, with its beach, volleyball courts and dog park. Walk to Long Branch GO and the restaurants on Lake Shore, with quick access to the 427, the Gardiner and Pearson Airport.
Facts on the listing
| Square feet | 3500-5000 |
|---|---|
| Approximate age | 31-50 |
| Style | 2 1/2 Storey |
| Basement | Separate Entrance, Partially Finished |
| Lot width | 50 |
| Lot depth | 115.5 |
| Lot measured in | Feet |
| Faces | East |
| Parking spaces | 6 |
| Garage | Built-In |
| Heating | Forced Air |
| Cooling | Central Air |
| Kitchens | 2 |
| Property tax | $10,121 |
| Tax year | 2026 |
| Interior features | In-Law Capability |
| Features | Beach, Lake Access, Park, Public Transit |
Listing courtesy of RE/MAX PROFESSIONALS INC.. MLS® W14108964.
About this duplex
31 Fortieth Street is a 10 bedroom duplex in TRREB's Long Branch community in Toronto, listed for sale at $2,199,000. The listing shows 6 bathrooms and 3500-5000 square feet. The style is given as 2 1/2 storey. The lot is listed as 50 by 115.5 feet. The listing gives the basement as separate entrance, partially finished. It comes with 6 parking spaces and a built-in garage according to the listing. The nearest main intersection given is Lake Shore & Browns Line. The age is listed as 31-50 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 31 Fortieth Street
At the asking price of $2,199,000, 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 | $2,199,000 |
|---|---|
| Ontario land transfer tax | $41,450 |
| Toronto municipal land transfer tax | $41,450 |
| Both taxes | $82,900 |
| First-time buyer relief, if you qualify | up to $8,475 |
| Minimum down payment | $439,800 |
The down payment figure is the federal minimum: 20 percent, because a home at $1.5 million or more cannot carry mortgage default insurance. A lender can ask for more. These figures use the asking price, so they change if you pay more or less. The rates above $2,000,000 used here are the ones for a home with one or two single family residences. A property with more units is taxed differently. 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) | $10,121 a year, about $843 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.
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, 50 by 115.5 feet.
- Ask about permits. Ask which renovations had building permits and whether those permits were closed. The listing shows 2 kitchens. If there is a second unit, ask whether it meets the municipality's rules for one.
- 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. 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 31 Fortieth Street
How much is land transfer tax on 31 Fortieth Street?
At the asking price of $2,199,000 the Ontario tax is $41,450 and the Toronto tax is $41,450, $82,900 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 31 Fortieth Street?
$439,800 at the asking price of $2,199,000, under the federal minimum down payment rules. A lender may require more.
How much is the property tax on 31 Fortieth Street?
The listing shows $10,121 a year for 2026, about $843 a month.
How do I book a showing for 31 Fortieth Street?
Use the form on this page or call us. Quote MLS® W14108964. We will confirm the listing is still available and arrange a time with the listing brokerage.
Is 31 Fortieth 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.
The listing data is provided under copyright by the Toronto Regional Real Estate Board (TRREB). The information provided herein must only be used by consumers that have a bona fide interest in the purchase, sale or lease of real estate and may not be used for any commercial purpose or any other purpose. The data is deemed reliable but is not guaranteed accurate by TRREB or PropTx. Each listing shows the brokerage that listed it. Listings are updated every few minutes.
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