505 Cranbrooke Avenue

Nortown, Toronto

505 Cranbrooke Avenue, Nortown, Toronto

$3,099,000

Bedrooms: 4

Bathrooms: 5

Living Area: 2,500 sqft

Price Per Sqft: $1,239.60

About this Detached

in Nortown, Toronto

Commanding a strong presence with its striking stone façade, this Bedford Park residence offers exceptional space, a functional family layout, and outstanding potential.A grand double-height foyer, dramatic floating staircase, and skylight above the second-floor hallway fill the home with natural light. The open-concept main floor features 9-foot ceilings and spacious principal rooms, while the upper level offers four generous bedrooms and three bathrooms, including a comfortable primary suite.The lower level boasts high ceilings and a separate entrance, ideal for extended family, a home office, or future income potential. Representing an outstanding opportunity, this solidly built, architecturally sound home is perfectly situated in a highly coveted neighborhood. Just minutes from scenic parks, boutique shopping, exclusive clubs eg: Cricket Club, Granite & Toronto Club etc., and elite private schools including UCC, Havergal, Crescent, BSS, and Branksome Hall. ** 2.91-metre strip of land beyond the existing fence has been purchased from the City and is now privately owned. Reference Plan ( R-Plan) available to verify the boundary and ownership.**

Listed by FENGHILL 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

     
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* This material is for informational purposes only.

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