2615 - 8 Wellesley Street W

Bay Street Corridor, Toronto

2615 - 8 Wellesley Street W, Bay Street Corridor, Toronto

$409,900

Bedrooms: 0

Bathrooms: 1

About this Condo

in Bay Street Corridor, Toronto

Am incredible opportunity for the real estate investor, or for someone who wants to be. This brand new building is a touch of class, nestled quietly just off Yonge Street enough to miss the hustle and bustle of the city. This studio apartment is currently rented out to a great tenant until June 2026, the work is done for you! Big beautiful windows let in an abundance of natural light, and the city scape at night. The kitchen area spouts a sleek hidden refrigerator, built in oven and microwave, counter-top stove & range hood. In addition you find ensuite laundry and a full bath. Location is A1, with the heart of the city mere steps away from the front door. 24 hour concierge provides a level of comfort and security. Come check out your next investment today. **Note, Photos taken prior to tenant moving in

Listed by EXP 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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