225 Maxome Avenue
Newtonbrook East, Toronto
$1,490,000
Bedrooms: 3
Bathrooms: 3
Living Area: 1,500 sqft
Price Per Sqft: $993.33
About this Detached
in Newtonbrook East, Toronto
Discover a rare opportunity at 225 Maxome Avenue, where family living meets brilliant investment potential. Situated on a magnificent 51.5' x 127.5' south-facing lot in the coveted Newtonbrook East community, this property offers a powerful choice: enjoy this beautifully updated home now, or build the luxury estate of your dreams.This sun-drenched raised bungalow features gleaming oak engineer hardwood floors throughout the main level. The grand living room, with its elegant marble fireplace, is perfect for gatherings, while the formal dining room sets the stage for memorable dinners. At the heart of the home, the updated chefs kitchen shines with quatz countertops& backsplash, and modern white cabinetry. The adjacent breakfast area opens to a private deck, ideal for alfresco dining. The primary suite is a true sanctuary, offering a private ensuite, walk-in closet, and a charming balcony.The homes brilliance extends to the lower level, which boasts large, sun-filled windows and a separate private entrance. This complete, self-contained suite includes a spacious recreation room, an additional bedroom, a full bathroom, and a kitchenette. Its a perfect solution for an in-law suite, nanny quarters, or a high-demand rental unit for a substantial income stream.The most profound asset is the land itself. In a neighbourhood renowned for its transformation into a corridor of multi-million-dollar custom homes, this premium lot is a premier canvas. Surrounded by new architectural masterpieces, the potential to build a legacy residence is clear and undeniable.Located just steps from top-ranked schools, parks, and the vibrant shops and restaurants along Yonge Street, 225 Maxome Avenue is a strategic asset offering a lifestyle of convenience and a future of limitless possibility. Live beautifully today while investing wisely for all your tomorrows.
Listed by CENTURY 21 THE ONE 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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