263 Erskine Avenue

Mount Pleasant East, Toronto

Open House Apr 26th, 2-4PM
263 Erskine Avenue, Mount Pleasant East, Toronto

$1,899,999


Bedrooms: 3

Bathrooms: 4

Living Area: 2,000 sqft

Price Per Sqft: $950.00


About this Detached

in Mount Pleasant East, Toronto

263 Erskine Avenue, is a cherished 3+1 bed family home tucked away on a quiet, traffic-free cul-de-sac in sought-after Sherwood Park. Set on a rare 25 x 186 ft deep lot, this lovingly maintained residence offers over 3,500 total sf of exceptional space, natural light, and a setting that is both peaceful and incredibly convenient. This is a home filled with heart. Having raised three children here, the current owner has created a space rich with warmth, laughter and lasting memories-an energy that is felt the moment you walk through the door. The main floor features a spacious layout with generously proportioned principal rooms, ideal for both everyday living and entertaining. Sunlight pours in throughout the day, enhancing the home's bright and inviting atmosphere. Upstairs, 3 well-sized bedrooms provide comfortable family living, while the lower level offers outstanding flexibility. With a separate entrance, high ceilings, and a fully self-contained one-bedroom apartment, this space is ideal for extended family, a nanny suite, or for first-time buyers looking to offset their mortgage with rental income. A private sauna adds a wonderful element of relaxation and retreat within the home. The backyard is a true highlight. Stretching nearly 186 feet deep, it offers exceptional privacy with mature, lush trees creating a serene, cottage-like setting in the heart of the city. At the rear of the property sits a detached garage, presenting an exciting opportunity for conversion into a garden suite, enhancing the home's long-term value and versatility. Thoughtful upgrades include a heat pump system, hot water on demand, & an EV charger-reflecting a more energy-conscious approach to modern living.

Listed by CHESTNUT PARK REAL ESTATE LIMITED.


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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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