48 Carr Street
Chinatown, Toronto
$1,199,000
Bedrooms: 4
Bathrooms: 5
Living Area: 1,100 sqft
Price Per Sqft: $1,090.00
About this Townhouse
in Chinatown, Toronto
Exceptional investment opportunity to own a bright and spacious end-unit townhome configured as four self-contained residential units, generating excellent rental income. Ideal for investors seeking strong cash flow or for end-users looking to live in one unit while offsetting their mortgage with additional rental income.The main and lower levels feature a well-designed apartment offering separate living and kitchen areas, three bedrooms, and two full bathrooms. The second floor includes two bachelor-style suites, each with an open-concept kitchen and living space along with a private full bathroom. The third floor offers a generous one-bedroom apartment complete with a spacious kitchen/living area and a full bathroom.Vacant possession is possible, providing flexibility for both investors and end-users. Located in a convenient neighbourhood close to transit, parks, schools, and local shopping, this property presents a rare opportunity with strong income potential and long-term growth value.
Listed by FINE HOMES REALESTATE INC..
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LAND TRANSFER TAX CALCULATOR
| Purchase Price | |
| First-Time Home Buyer |
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| 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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