124 Patricia Avenue
Newtonbrook West, Toronto
$1,280,000
Bedrooms: 3
Bathrooms: 2
Living Area: 1,100 sqft
Price Per Sqft: $1,163.64
About this Detached
in Newtonbrook West, Toronto
All-Brick 3-Bedroom Raised Bungalow with Outstanding Income PotentialSituated in a highly coveted neighborhood flanked by multi-million dollar luxury estates, this solid all-brick raised bungalow represents exceptional value, superior privacy, and versatile income potential. The property boasts commanding curb appeal, highlighted by a stone retaining wall, an expansive private driveway, and a covered carport with an attached garage.The principal residence offers three well-appointed bedrooms on the main level. The bright, raised lower level features large, above-grade windows and a dedicated separate side entrance. This finished basement comes equipped with a secondary kitchen, a full bathroom, and an additional bedroom-requiring only minimal finishing touches to transition into a premium rental suite or an independent multi-generational living space.The exterior extends into a fully fenced backyard oasis. Framed by towering mature trees that ensure absolute privacy, the deep lawn and stone patio offer an ideal setting for quiet relaxation or upscale entertaining. Whether your objective is to occupy and modernize, leverage immediate rental revenue, or design a custom luxury residence from the ground up, this premium property stands as a remarkable investment opportunity.
Listed by RIGHT AT HOME REALTY.
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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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