40 River Street

Regent Park, Toronto

40 River Street, Regent Park, Toronto

$1,689,000

Bedrooms: 4

Bathrooms: 2

Living Area: 2,500 sqft

Price Per Sqft: $675.60

About this Semi-Detached

in Regent Park, Toronto

Welcome to this sun filled, brick and stone home built in 1890, offering generous living space throughout. The home has been freshly painted, and some original features are still intact. It is being offered for sale for the first time since 1983. The main floor features 9 feet 10 inch high ceilings. The principal rooms are very spacious and feature crown moulding in the living and dining rooms, a fireplace in the living room, and hardwood flooring throughout most of the home. The second floor features 8 feet 10 inch high ceilings, and the third floor features 8 foot high ceilings. A service staircase provides additional access from the main floor kitchen to the second floor. The home is currently set up as two self contained apartments, but it can easily be converted into a single family dwelling with relatively minor changes. It can also be used as is, with a new owner occupying the spacious second and third floor apartment and renting out the main and basement apartment to assist with carrying costs, subject to any required municipal approvals. Parking for two cars is located at the rear of the property, and the home is conveniently located steps to public transportation and close to the Don Valley Parkway and the Gardiner Expressway. It is also near Riverdale Park, the Don Valley trails, the Distillery District, schools, shops, and everyday amenities. This is a well built home with long term potential. It is a property any new owner would be proud to call their own for years to come.

Listed by RE/MAX WEST 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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