31 Danby Avenue

Clanton Park, Toronto

31 Danby Avenue, Clanton Park, Toronto

$1,299,000


Bedrooms: 3

Bathrooms: 2

Living Area: 1,100 sqft

Price Per Sqft: $1,180.91


About this Detached

in Clanton Park, Toronto

Discover an exceptional opportunity in one of Toronto's most coveted, family-friendly neighbourhoods, Clanton Park! This charming bungalow, set on a generously sized lot, offers an incredible blend of immediate comfortable living and immense future potential. The main floor features a Large Open concept Updated Kitchen, 3 well-proportioned bedrooms and a full 5 piece bathroom, perfect for a growing family. Gleaming with natural light, the living spaces are inviting and ready for your personal touch. A significant highlight of this property is the separate entrance to the lower level, which boasts a Large Kitchen, Expansive Rec Room, two additional bedrooms and a 5 piece bathroom. This versatile space presents an ideal scenario for extended family living, an in Law Suite or anything your imagination offers. Beyond its current configuration, the large lot opens the door to exciting possibilities for reinvention. Imagine expanding the existing home to create your dream residence, or explore the potential for future development (subject to city approvals). Located in a prime Toronto location, you'll enjoy access to top-rated schools, beautiful parks, convenient amenities, steps to Transit and a vibrant community atmosphere. This is more than just a house; it's a strategic investment in your future, offering both immediate value and incredible potential in a highly sought-after area.

Listed by FOREST HILL REAL ESTATE INC..


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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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