Toledo's rhymes with:
torpedoes, aficionados, avocados, bernardo's, brando's, casados, colorado's, condos, desperadoes, dodo's, dodos, donaldo's, eldorado's, erdos, escudos, fernando's, foreshadows, gaydos, granados, innuendoes, innuendos, kardos, nintendo's, orlando's, overshadows, rados, sandos, sandose, sandoz, tornadoes, torpedoes, weirdos, widow's, widows, windows
Toledo's sounds like:
talladega, taltos, teledesic, teltschik, tilts, toilet's, toilets