412 Wellesley Street E
South St. James Town, Toronto
$1,698,000
Bedrooms: 2
Bathrooms: 3
Living Area: 1,500 sqft
Price Per Sqft: $1,132.00
About this Duplex
in South St. James Town, Toronto
Nestled on the superior side of Toronto's iconic Cabbagetown, this exquisite semi-detached character home offers a picturesque living experience akin to residing within a lush park. Surrounded by charming Victorian heritage homes, well-manicured lawns, whimsical laneways, parks & walking paths, you'll find peace & tranquility alongside hip restaurants & shops. Proper duplex with separate metering, makes for a savvy investment opportunity with a net annual income of approx $60k. An Excellent opportunity to live in the main unit & rent out the second for extra income. Upper level is vacant, while the main level is occupied by excellent tenants on a month-to-month basis, ensuring flexibility for the new owner. Elegant interior is adorned with oak hardwood floors, crown mouldings & high ceilings create a warm & inviting ambiance, while newer kitchen features chic cupboards, stylish backsplash, granite countertops, & stainless steel appliances. Breakfast/dining area is a true highlight overlooking a front porch which provides a delightful view of Wellesley St, perfect for enjoying morning coffee or evening strolls. The living area features a cozy built-in bench & large side window. Walk-out to a private backyard for outdoor relaxation & entertaining, while the conveniently located main floor powder room is both stylish & functional. Oak staircase adds a touch of sophistication as it leads you down to the generously sized bedrooms. The lower level is a true retreat, showcasing high ceilings & a spa-like 4-piece bathroom with marble, heated flooring for ultimate comfort. Ample closet spaces in both rooms & a separate laundry area. Charming 2nd level apartment has 2 large bedrooms, 4pc wshrm & a modern kitchen combined with a living area that flows seamlessly to an oversized New Orleans style balcony looking over the tree lined heritage district. Separate furnace, air conditioning and laundry for each unit. Easy access to highways & public transit.
Listed by SOTHEBY'S INTERNATIONAL REALTY CANADA.
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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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