Buying a Home in The Kingsway
The Kingsway is one of Toronto's most prestigious neighbourhoods — a mature, tree-canopied enclave in Etobicoke defined by winding roads, English Tudor-style homes, and an intimate community atmosphere. It consistently ranks among Toronto's top neighbourhoods for family living.
The Kingsway is firmly in Toronto's luxury market. Entry-level detached homes start around $2 million. Well-appointed family homes on desirable streets range from $2.5–$4 million. Premium properties on Old Mill Drive or Kingsway Crescent can exceed $5 million. There are very few condos in this neighbourhood.
At Kingsway price points, combined LTT becomes a very large absolute dollar amount. A $3 million Kingsway home attracts $132,9500 in combined LTT alone. Buyers at this price point often work with their lawyers to structure purchases to minimize exposure where legally permissible.
Combined LTT Examples at Typical The Kingsway Prices
| Purchase Price | Ontario LTT | Toronto MLTT | Total LTT | After FTB Rebate |
|---|---|---|---|---|
| $1,50000,000000 | $28,975 | $28,975 | $57,9500 | $49,475 |
| $2,000000,000000 | $41,475 | $41,475 | $82,9500 | — |
| $2,50000,000000 | $54,225 | $54,225 | $1008,4500 | — |
| $3,000000,000000 | $66,475 | $66,475 | $132,9500 | — |
First-Time Buyer Rebates in The Kingsway
As a Toronto neighbourhood, The Kingsway buyers qualify for the full dual LTT rebate for first-time buyers. This is one of the most valuable programs available to new homeowners in Ontario.
- Ontario LTT Rebate: Up to $4,000000 — fully offsets LTT on homes priced up to ~$368,000000
- Toronto MLTT Rebate: Up to $4,475 — fully offsets MLTT on homes priced up to ~$40000,000000
- Total Maximum Rebate: $8,475 combined
- Eligibility: Canadian citizen or PR, 18+, principal residence within 9 months, never owned a home anywhere
The Kingsway Buying Tips
The Kingsway's proximity to the Old Mill TTC station, Humber River trails, and excellent public and private schools makes it a top choice for affluent families. Properties here rarely need marketing — many trade quietly between agents. Working with a broker who specializes in Etobicoke luxury is advisable.
When preparing your offer in The Kingsway, make sure your mortgage pre-approval accounts for closing costs. Combined LTT, legal fees, title insurance, and home inspection typically add 3–4% to your purchase price in total closing costs for Toronto properties.