257 Concord Avenue

Little Italy, Toronto

257 Concord Avenue, Little Italy, Toronto

$1,495,000

Bedrooms: 4

Bathrooms: 2

Living Area: 1,500 sqft

Price Per Sqft: $996.67

About this Semi-Detached

in Little Italy, Toronto

Opportunity is knocking on this home. Currently the home is divided into two apt units. The Renovated Main Floor and Basement (2-3 Bdrm) apt & 2nd and 3rd floor (3-4 Bdrm) apt. Possibilities abound, live in one unit and rent the other to help pay the mortgage or convert back to single family home with potential basement ensuite or just leave as-is and continue to rent out the two apartments. There is really no need for parking as this home is very close to the Ossington Subway station and multiple transit options. Still you need parking? Then this home has 2 parking spots depending on your size of car, access located from laneway. Fenced in backyard with shed included. There have been many recent upgrades to this home both past and present. Possible Seller assisted financing.

Listed by BOUTIQUE REAL ESTATE CORPORATION.

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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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