1103 - 8 Colborne Street

Yonge Corridor, Toronto

1103 - 8 Colborne Street, Yonge Corridor, Toronto

$359,900

Bedrooms: 1

Bathrooms: 1

About this Condo

in Yonge Corridor, Toronto

Rarely offered, fantastic opportunity to own in The Cosmopolitan. Fully featured 1 bedroom condo including wood floors, granite countertops, built-in stove & microwave, breakfast bar, & ensuite laundry. Combined living room and dining room with a walk-out to southern exposed balcony. Bedroom also enjoys southern exposure, with a modern feel to this renovated unit. Super flexible options with this unit: Buy it to live in, or rent it out yourself, or have this unit added to The Executive Hotel Cosmopolitan rental pool and enjoy profit sharing with the hotel when your unit is rented to hotel guests! Perfect for the 1st time buyer who wants to live in the financial district, or the wise investor looking to take advantage of this unit's income flexibility and investment opportunity today's market offers. Some photos virtually staged.

Listed by CENTURY 21 LEADING EDGE REALTY 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

     
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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