203 Elmhurst Avenue

Westgate, Toronto

203 Elmhurst Avenue, Westgate, Toronto

$1,200,000


Bedrooms: 2

Bathrooms: 3

Living Area: 700 sqft

Price Per Sqft: $1,714.29


About this Detached

in Westgate, Toronto

Prime Lot on Prestigious Elmhurst! Rare opportunity to acquire an exceptionally beautiful 40x117 ft lot on one of North York's most desirable, tree-lined streets, surrounded by million dollar custom homes. This premium property offers outstanding redevelopment potential in a high-demand location known for luxury new builds. The existing 1-storey detached home features 2 bedrooms and 3 bathrooms and is currently livable, offering flexibility for end-users, renovators, or builders planning a future custom residence. The main floor offers comfortable living space with large windows and walk-out to the backyard, while the upper level includes two bedrooms. The basement offers 3 partially finished rooms with a laundry/bath combo, suitable for storage and utility use. The backyard is deep, private, and beautifully treed, featuring mature landscaping, multiple deck levels, and a serene outdoor setting that highlights the exceptional depth and usability of the lot. The generous yard size and layout is ideal for a future garden suite. Backing onto a park, the property offers rare privacy and a natural backdrop seldom found in this area. Set on a quiet street with strong curb appeal, the property's true value lies in the lot, location, privacy, and surrounding streetscape. An ideal opportunity for builders, investors, or buyers looking to design and build a custom home among established luxury residences. Located in a sought-after North York neighbourhood close to parks, schools, transit, and major amenities. A rare chance to secure premium land in a prestigious enclave where new homes command top market value.

Listed by RE/MAX HALLMARK REALTY LTD..


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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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