203 - 1387 Bayview Avenue

Leaside, Toronto

203 - 1387 Bayview Avenue, Leaside, Toronto

$749,000


Bedrooms: 2

Bathrooms: 2

Living Area: 1,200 sqft

Price Per Sqft: $624.17


About this Other

in Leaside, Toronto

Welcome to SAHIL (Stay At Home In Leaside), built in 1999, this unique boutique building with only 18 suites is a LIFE LEASE (also known as a LIFE TENURE). Buyers must be over 60 years of age and looking for a peaceful living environment. Spacious oversized 1,250 SF with 2 bdrm +1 office/den and 2 full bathrooms. This suite was not just renod, it was gutted in 2013, the popcorn ceilings were replaced with smooth ceilings & Vintage 3/4" engineered hardwood installed thruout. Every surface, fixture, floor and fitting was replaced to a higher standard and to enhance aging-in-place. The kitchen was completely redesigned & opened to the living and dining room. It boasts lots of Quartz counter space, tons of cupboards and a pantry along with a lovely window to your neighbourhood. The main living area is open concept with tons of natural light and ideal for entertaining family & friends. The laundry room includes a full-size washer & dryer with upper shelving. The Primary bdrm boasts a very large double closet and a fabulous 3 PC spa inspired with Quartz counters, a frameless glass walk/roll-in shower stall, wall-mounted shower bench, handheld showerhead & multiple grab bars, every detail considered for your safety. The 2nd bdrm is a good size with a large double-closet. And there's a linen closet too. Stay At Home In Leaside is a short walk to Bayview cafes, restaurants, shops and day to day services with a TTC bus stop conveniently located at the door. NOTE: Land Transfer Tax does not apply to LIFE LEASES which is a substantial savings. LIFE LEASE is home ownership where a corporation owns the apartment units but leases them for the lifetime of the Buyer. Buyers purchase the right to occupy the unit for their lifetime & pay a monthly fee (much lower than condo fees) to the Corporation. Its all about worry-free maintenance. This is not a compromise, you can Stay At Home In Leaside, in the neighbourhood you love, on your own terms.

Listed by BOSLEY REAL ESTATE LTD..


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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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