1602 - 8 Cumberland Street

Annex, Toronto

1602 - 8 Cumberland Street, Annex, Toronto

$1,040,000


Bedrooms: 2

Bathrooms: 2

Living Area: 700 sqft

Price Per Sqft: $1,485.71


About this Condo

in Annex, Toronto

An Exceptional Opportunity To Experience Refined Living In The Heart Of Prestigious Yorkville. Perched On The 16th Floor, This Bright And Airy 2-Bedroom, 2-Bathroom Corner Suite Offers Approximately 717 Sq. Ft. Of Well-Planned Interior Space, Complemented By A Private Balcony And Sweeping City Views.Showcasing Expansive Floor-To-Ceiling Windows, The Unit Is Filled With Natural Light, Creating An Inviting And ElevatedLiving Environment. The Open-Concept Layout Seamlessly Blends Comfort And Functionality, Perfect For Both Daily Living And Entertaining.TheContemporary Kitchen Features Elegant White Cabinetry, Quartz Countertops, And Premium Built-In Appliances, Delivering A Stylish Yet PracticalSpace For Cooking And Gathering.Located Within A Striking 51-Storey Landmark At The Prominent Intersection Of Yonge St & Cumberland, ThisResidence Places You At The Centre Of One Of Toronto's Most Sought-After Neighbourhoods. Enjoy Unmatched Convenience With ImmediateAccess To Transit At Yonge & Bloor, Along With Yorkville's Renowned Luxury Shopping, Top-Tier Dining, Chic Cafés, And Vibrant EntertainmentOptions Just Steps Away.Residents Benefit From An Impressive Selection Of Amenities, Including A Fully Equipped Fitness Centre, Yoga Studio,Outdoor Terrace With BBQ Area, As Well As Party And Study Rooms-All Designed To Enhance A Sophisticated Urban Lifestyle.With EasyConnectivity To The DVP And Gardiner Expressway, This Property Offers The Ideal Combination Of Luxury, Accessibility, And Dynamic CityLiving. Discover The Very Best Of Yorkville At 8 Cumberland.

Listed by RE/MAX REALTRON JIM MO 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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