221 Albany Avenue

Annex, Toronto

221 Albany Avenue, Annex, Toronto

$1,500,000


Bedrooms: 5

Bathrooms: 2

Living Area: 1,500 sqft

Price Per Sqft: $1,000.00


About this Semi-Detached

in Annex, Toronto

Nestled on a tree-lined street in the heart of The Annex, 221 Albany Ave offers outstanding versatility and potential. This well-maintained duplex features two self-contained units: a main and lower-level suite, and an upper suite spanning the second and third floors. The property has been cared for by the current owner and is ideal for those looking to update, modernize, or convert to a single-family residence. A two-storey rear extension provides additional living space, and with minor adjustments, the deep 20 ft x 173 ft lot can easily accommodate a garden suite. Located steps from Dupont, Bathurst, and Bloor, and close to subway access, parks, and the neighbourhood's renowned shops and cafes, this property offers exceptional value and flexibility in one of Toronto's most desirable locations.

Listed by RE/MAX WEST REALTY 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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