490 Montrose Avenue
Little Italy, Toronto
$1,499,000
Bedrooms: 3
Bathrooms: 3
Living Area: 1,500 sqft
Price Per Sqft: $999.33
About this Semi-Detached
in Little Italy, Toronto
Stunning Palmerston/Little Italy, legal Duplex, with incredibly rare commercial & residential zoning perfectly located steps to Bloor St and Christie Pits Park. Ideal investment opportunity can easily generate between $8,000-$10,000 per month! WOW!!! Currently divided into two two-storey units seamlessly combining chic modern renovations with sought after mechanical upgrades. Main floor / lower features a light filled open concept design highlighted by the original exposed brick party, hardwood floors and gas fireplace. One of a kind restaurant style kitchen with commercial appliances and walk out to professionally landscaped backyard urban oasis. 2nd/3rd flr 2 bedroom, 2 bath (currently rented for $3950/month) offers a sun drenched eat in kitchen, large principle rooms and large roof top terrace potential! Both units mechanically upgraded with ensuite laundry. Pristine private courtyard front entrance on iconic Montrose Ave! Absolutely perfect location to further tailor this gem of a property to suit your needs! Live and rent, full investment, Live and work, convert to single family...the possibilities are endless!!! Enjoy living in the heart of Toronto with elite access to Bloor St, Beautiful Parks, Delicious Restaurants, Boutique Shops, Nightlife, Community Centres and Coveted Schools. This is the property you always dreamed of and now it could be yours! Don't miss out!
Listed by FREEMAN REAL ESTATE LTD..
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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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