55 Adanac Dr

Cliffcrest, Toronto

55 Adanac Dr, Cliffcrest, Toronto

$999,000

Bedrooms: 3

Bathrooms: 2

About this Detached

in Cliffcrest, Toronto

**APPROVED** An exciting opportunity for Builders, Investors, and Renovators in the Bluffs area of Scarborough! The approval of zoning drawings/permit and the availability of plans for a Luxury custom home project with features such as a 2 Story, double car garage, 4 bedrooms, and 4 bathrooms, W/O Basement with separate entrance Approx. 3000 sq ft. The neighborhood's context of multi-million dollar custom homes adds to the appeal, suggesting a potentially lucrative investment opportunity with a lot size of 50 x 150 feet, there's ample space to create a luxurious and spacious home. For anyone looking to capitalize on this opportunity, it seems like a promising venture. Best of luck with your project, whether it's building your dream home or investing in this desirable location! Property Sold In "As Is" And "Where Is" Condition.

Listed by HOMELIFE/MIRACLE REALTY.

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LAND TRANSFER TAX CALCULATOR

Purchase Price  
First-Time Home Buyer
Ontario Land Transfer Tax
Toronto Land Transfer Tax

Province of Ontario (effective January 1, 2017)

For Single Family or Two Family Homes

  • Up to and including $55,000.00 -> 0.5%
  • $55,000.01 to $250,000.00 -> 1%
  • $250,000.01 to $400,000 -> 1.5%
  • $400,000.01 & $2,000,000.00 -> 2%
  • Over $2,000,000.00 -> 2.5%

First-time homebuyers may be eligible for a refund of up to $4,000.

Source: Calculating Ontario Land Transfer Tax
Source: Ontario Land Transfer Tax for First-Time Homebuyers

City of Toronto (effective March 1, 2017)

For Single Family or Two Family Homes

  • Up to and including $55,000.00 -> 0.5%
  • $55,000.01 to $250,000.00 -> 1%
  • $250,000.01 to $400,000 -> 1.5%
  • $400,000.01 & $2,000,000.00 -> 2%
  • Over $2,000,000.00 -> 2.5%

First-time homebuyers may be eligible for a rebate of up to $4,475.

Source: Municipal Land Transfer Tax Rates and Calculations
Source: Municipal Land Transfer Tax Rates Rebate Opportunities

MORTGAGE CALCULATOR

     
Asking Price: Interest Rate (%):
Amortization:  
Percent Down:
Down Payment:
First Mortgage:
CMHC Prem.:
Total Financing:
Monthly P&I:
* This material is for informational purposes only.

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