502 - 50 Wellesley Street E

Yonge Corridor, Toronto

502 - 50 Wellesley Street E, Yonge Corridor, Toronto

$848,000

Bedrooms: 2

Bathrooms: 2

Living Area: 700 sqft

Price Per Sqft: $1,211.43

About this Condo

in Yonge Corridor, Toronto

2 FULL good size bedrooms with floor to ceiling windows and closets + 2 FULL bathrooms + parking, corner unit with plenty of light and windows, popular split layout, only few years old, very quiet, overlooking residential area, long balcony. Kitchen w/Built-in appliances and centre island, convenient to have breakfast. Right next to Wellesley Subway station, steps to University of Toronto, Metropolitan University, hospitals, shopping, restaurants. Walk score 98. Excellent amenities include outdoor POOL, rooftop deck w/BBQ, Gym, 24 hr concierge, party room, meeting room. Leased until September 1. After that tenants can stay or move out with 60 days notice. Pictures taken before the current tenant moved in.

Listed by REMAX YOUR COMMUNITY REALTY.

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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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