306 - 1387 Bayview Avenue
Leaside, Toronto
$425,000
Bedrooms: 1
Bathrooms: 1
Living Area: 700 sqft
Price Per Sqft: $607.14
About this Other
in Leaside, Toronto
Welcome to SAHIL (Stay At Home In Leaside). Completed in 1999, this unique boutique building with only 18 units is a Life Lease (also known as a Life Tenure) for retiring seniors. Buyers must be over 60 years of age and looking for a peaceful building. Exceptional 1+1 unit, South facing with a walkout to a private terrace. Move right into this lovely unit and enjoy a quiet lifestyle surrounded by exceptional like-minded neighbours. The kitchen boasts lots of cupboard space and a large pantry. The main living area is open concept with tons of natural light throughout and access to the terrace with a view of the Leaside homes & rooftops. The laundry room is a good size and serves as a small storage room in the unit in addition to a separate locker. The primary bdrm boasts a very large double sliding door closet & a large south facing window. The den is a great at home office space or hobby room. And there's a linen closet too. The 4 PC bathroom has a walk-in shower stall separate from the tub for your convenience. The amenities include a lounge room, an outdoor patio, communal BBQ, craftroom/workshop, TV. SAHIL is a short walk to Bayview cafes, restaurants, shops and day to day services with a TTC bus stop conveniently located at the door. NOTE: Land Transfer Tax does not apply to Life Leases which is a substantial savings. Life Lease is home ownership where a corporation owns the apartment units but leases them for the lifetime of the Buyer. Buyers purchase the right to occupy the unit until they sell. Buyer pays a monthly fee (much lower than a condo) to the corporation. This unit is well below market value and is a great deal!
Listed by BOSLEY REAL ESTATE 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
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| * This material is for informational purposes only. | |||
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