228 Pemberton Avenue
Newtonbrook East, Toronto
$1,588,000
Bedrooms: 3
Bathrooms: 3
Living Area: 2,000 sqft
Price Per Sqft: $794.00
About this Detached
in Newtonbrook East, Toronto
Discover timeless charm in Newtonbrook East's premier enclave, where a well-loved vintage family home on a generous 60 ft x 146 ft premium lot awaits your vision. Surrounded by multi-million-dollar estates, this character-filled property, needing updates yet brimming with renovation potential, offers an expansive backyard oasis perfect for family gatherings or lavish entertaining, perhaps a pool? Plus ample parking and a long private drive.Ideal for visionary developers, savvy investors, or families ready to craft their dream home from a solid foundation. Zoning R5+ currently allows for single-family, Duplex, tri-plex, or 4-plex development. Steps from desirable top-ranking schools (public, Catholic, private), close to Finch subway with access to the new Finch West LRT. Lush parks, and swift access to Highways 401/404, alongside premier shopping centres, fine dining, and medical hubs. The existing home is currently in rentable condition, providing potential income while you finalize plans and permits to build your dream home. *Buyer to verify Zoning and future use details*
Listed by REAL ESTATE HOMEWARD.
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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
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| * This material is for informational purposes only. | |||
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