28 Cecil Street

Chinatown, Toronto

28 Cecil Street, Chinatown, Toronto

$8,888,000

Bedrooms: 25

Bathrooms: 14

Living Area: 5,000 sqft

Price Per Sqft: $1,777.60

About this Multiplex

in Chinatown, Toronto

A rare chance to own a prestigious corner freestanding, 3-storey building featuring six self-contained rental units. Ideally located in the centre of downtown. Only two-minute walk to the University of Toronto. Six apartment units. 25 bedrooms, 6 kitchens. 16 parking spots. Coin laundry system for tenants. 6,862 sq ft above grade. Full basement with an opportunity to add additional living space. Just steps from Chinatown, Kensington Market, OCAD University, and Entertainment District. Easy access to public transit and major hospitals. Enjoy unbeatable convenience with restaurants, grocery stores, and cafes just around the corner. A truly prime location offering consistent rental demand and long-term value. Perfect for strong and steady income. Fire code compliant building. Fire escape for each unit. Fire sprinklers in whole building. New owner can build one more 3-storey building at the back. Drawings are available. Zoning permits apartment building, townhouse, short-term rental, etc. Priced to sell.

Listed by RE/MAX REAL ESTATE CENTRE INC..

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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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