5202 - 488 University Avenue

Chinatown, Toronto

5202 - 488 University Avenue, Chinatown, Toronto

$1,495,000


Bedrooms: 3

Bathrooms: 2

Living Area: 1,200 sqft

Price Per Sqft: $1,245.83


About this Condo

in Chinatown, Toronto

*****Attention Investor watch here***** : Great collect rent $$$5350/ month Opportunity , owned this 3 beds +2 full baths+ huge balconies + 1 parking , high floor with fantastic views. Prime University/ Dundas! World-Class Award-Winning Landmark Building, Direct Access To Subway. Luxury $$$ Spent High End Upgrade. Executive Suite, 1042Sqft Interior And 180Sqft Balcony With A Total Of 1222Sqft Of Living Space. 3 Beds +2Baths +1 Valet Parking+ Balcony! Fantastic Views, 9' Floor To Ceiling Windows. Wood Floor Throughout. Steps To U of T. Uhn Hospitals, Ryerson U (Toronto Metropolitan U), Financial District, Eaton Center, Queens Park, College Park Shops. World Class 6 stars Building Amenities Include: Top Of The Line Valet Parking, 24hrs concierge, Fitness Centre With Spa, indoor pool, Party Room, Sky Bar & More! **EXTRAS** Purchase Price Included: 1 Valet Parking Right, all existing Appliances, Upgrade Mirror Tv In Master Bath, Freestand Bath Tub, All Elfs' and all customer made Blinds. ***** Great Peace of mind investment opportunity:collect rent since day 1 owns it,no miss any income $$$ of any single day ! *****

Listed by RE/MAX WEST VICKY HSU GROUP REALTY.


Photo 1 at 5202 - 488 University Avenue, Chinatown, Toronto

Photo 1

Photo 10 at 5202 - 488 University Avenue, Chinatown, Toronto

Photo 10

Photo 11 at 5202 - 488 University Avenue, Chinatown, Toronto

Photo 11

Photo 12 at 5202 - 488 University Avenue, Chinatown, Toronto

Photo 12

Photo 13 at 5202 - 488 University Avenue, Chinatown, Toronto

Photo 13

Photo 14 at 5202 - 488 University Avenue, Chinatown, Toronto

Photo 14

Photo 15 at 5202 - 488 University Avenue, Chinatown, Toronto

Photo 15

Photo 16 at 5202 - 488 University Avenue, Chinatown, Toronto

Photo 16

Photo 17 at 5202 - 488 University Avenue, Chinatown, Toronto

Photo 17

Photo 18 at 5202 - 488 University Avenue, Chinatown, Toronto

Photo 18

Photo 19 at 5202 - 488 University Avenue, Chinatown, Toronto

Photo 19

Photo 2 at 5202 - 488 University Avenue, Chinatown, Toronto

Photo 2

Photo 20 at 5202 - 488 University Avenue, Chinatown, Toronto

Photo 20

Photo 21 at 5202 - 488 University Avenue, Chinatown, Toronto

Photo 21

Photo 22 at 5202 - 488 University Avenue, Chinatown, Toronto

Photo 22

Photo 23 at 5202 - 488 University Avenue, Chinatown, Toronto

Photo 23

Photo 24 at 5202 - 488 University Avenue, Chinatown, Toronto

Photo 24

Photo 25 at 5202 - 488 University Avenue, Chinatown, Toronto

Photo 25

Photo 26 at 5202 - 488 University Avenue, Chinatown, Toronto

Photo 26

Photo 27 at 5202 - 488 University Avenue, Chinatown, Toronto

Photo 27

Photo 28 at 5202 - 488 University Avenue, Chinatown, Toronto

Photo 28

Photo 29 at 5202 - 488 University Avenue, Chinatown, Toronto

Photo 29

Photo 3 at 5202 - 488 University Avenue, Chinatown, Toronto

Photo 3

Photo 4 at 5202 - 488 University Avenue, Chinatown, Toronto

Photo 4

Photo 5 at 5202 - 488 University Avenue, Chinatown, Toronto

Photo 5

Photo 6 at 5202 - 488 University Avenue, Chinatown, Toronto

Photo 6

Photo 7 at 5202 - 488 University Avenue, Chinatown, Toronto

Photo 7

Photo 8 at 5202 - 488 University Avenue, Chinatown, Toronto

Photo 8

Photo 9 at 5202 - 488 University Avenue, Chinatown, Toronto

Photo 9


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.

Request A Showing Or Find Out More 

Have a question or interested in this property? Send us a message!

inquire