87 Steeles Avenue E

Newtonbrook East, Toronto

87 Steeles Avenue E, Newtonbrook East, Toronto

$1,498,000

Bedrooms: 3

Bathrooms: 5

Living Area: 700 sqft

Price Per Sqft: $2,140.00

About this Detached

in Newtonbrook East, Toronto

Located just steps from Yonge Street and within the North Yonge Secondary Plan, offering potential for future mid- to high-rise development (buyer to verify with the City). Prime investment opportunity of a Lot size 55 ft Frontage, Money Making Multi Residential or Walk -in Commercial Prime Location in One of the Most Demanding Business Fronts in North York. 3 Separate units in the basement with potential income of $3000/Month. This highly desirable location offers easy access to the TTC, subway, top-rated schools, Centrepoint Mall, restaurants, parks, and other major amenities-making it ideal for both investors and developers.

Listed by NAVE REAL ESTATE, BROKERAGE 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

     
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* This material is for informational purposes only.

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