302 - 390 Cherry Street

Waterfront Communities C8, Toronto

302 - 390 Cherry Street, Waterfront Communities C8, Toronto

$639,900


Bedrooms: 1

Bathrooms: 1

Living Area: 500 sqft

Price Per Sqft: $1,279.80


About this Condo

in Waterfront Communities C8, Toronto

Live in the heart of Toronto's Historic Distillery District at The Gooderham. This bright, open-concept 1+1 bedroom suite (approx. 595 sq.ft.) features engineered hardwood throughout, floor-to-ceiling windows, and a fantastic distillery view. The functional layout offers seamless living/entertaining, with a versatile den and laundry. Parking and locker included. Lifestyle on your doorstep: cobblestone streets lined with cafés, boutiques, galleries, theatres and year-round cultural events. Walk to St. Lawrence Market, and in just minutes you can be at Cherry Beach for sunrise walks or weekend downtime. Transit, bike lanes, waterfront trails and quick access to the DVP/Gardiner make commuting simple. a compelling opportunity to own in one of the city's most iconic, pedestrian-friendly neighbourhoods. Residents enjoy a full amenity roster: concierge, exercise room, media room, outdoor pool, recreation/party spaces and sauna. Investor friendly: currently tenant-occupied at $2,370/mo with the lease in place until Jan 26, 2026; the tenant is willing to stay.

Listed by RE/MAX EXPERTS.


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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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