37 Henry Street

Chinatown, Toronto

37 Henry Street, Chinatown, Toronto

$1,625,000

Bedrooms: 3

Bathrooms: 2

Living Area: 1,500 sqft

Price Per Sqft: $1,083.33

About this Semi-Detached

in Chinatown, Toronto

Attention builders, renovators & savvy investors! Opportunities like this are increasingly rare. Substantial (almost 2000 sq. ft. above ground), this semi-detached Victorian (circa 1883), has been cherished by the same family for nearly 75 years and is now ready for its next chapter. Set on a 21' x 129' lot, this property offers exceptional scale, character, and endless potential. Step inside and discover soaring 10-foot ceilings on the main floor, original hardwood floors, crown mouldings, a decorative marble mantel fireplace, and exquisite stained-glass windows. The signature "Bay-and Gable" façade adds undeniable curb appeal. Bonus 2 car laneway parking! Great proportions, and a footprint that gives you multiple options. Renovate it back to the grand Victorian single family home it once was - Or reconfigure it and create an income property with lower level renovation & 3rd floor addition... This prime location has strong rental appeal... Or take it one step further - The deep lot opens the door to expansion, with a potential Laneway Suite (See neighbouring Laneway properties.) Walk Score Of 100 - Steps to U Of T, major hospitals, Kensington Market, Queen West, The AGO, Grange Park, and Transit. Rich in period charm with solid bones, this is a standout opportunity to transform a historic residence in one of downtown Toronto's most vibrant and sought-after neighbourhoods.

Listed by ROYAL LEPAGE/J & D DIVISION.

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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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Amortization:  
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CMHC Prem.:
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* This material is for informational purposes only.

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