287 RUSSELL HILL Road

Casa Loma, Toronto

287 RUSSELL HILL Road, Casa Loma, Toronto

$9,980,000


Bedrooms: 4

Bathrooms: 7

Living Area: 3,500 sqft

Price Per Sqft: $2,851.43


About this Detached

in Casa Loma, Toronto

This vintage pink stone residence built in 1913 in the Forest Hill neighbourhood started as a residence and was repurposed to become a boys school (Cantab College) during the depression years. It has never been listed for sale and was purchased by the current owners in 1985. The building was fully gutted and lovingly restored by the current owners to its current form with a fully integrated and matching stone main floor addition. The detached two car garage has the pool cabana behind and a washroom.The ground floor is comprised of a small vestibule and coat cupboard leading into a large hall and greeting area, main floor has a 2 piece washroom a cozy library and entertainment sized dining room with a fireplace. Across from the dining room a large living room with a bay window and a fireplace. Further on, there is an integrated open concept kitchen, eating and recreation living area with a 2 way fireplace, This leads out to the large patio, garden and swimming pool. The main floor features hardwood plank floors. The second floor large landing leads to three bedrooms, one with fireplace, two with ensuite bathrooms and a third floor landing leads to a substantial bed/ sitting room with a 3piece ensuite bathroom and cedar closet. The basement has 7 foot ceilings and has what has been used as two rooms and bath for live in help. Another finished area is a large gym and personal movie theatre area with fireplace and adjacent bathroom. The unfinished area serves as storage with wine cellar. The basement area can readily be repurposed for home offices, hobbies and the like.Two of the country's most prestigious private schools,Upper Canada College and B.S.S. are minutes away. This attractive home is ideal for entertaining with its good flow and access to the substantial patio, backyard and pool area. Sitting on a 75 x 175 ft lot, the house still forms a small footprint on the large lot and could be redeveloped, if desired.

Listed by RIGHT AT HOME 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


     
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* This material is for informational purposes only.

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