228 Pemberton Avenue
Newtonbrook East, Toronto
$1,488,000
Bedrooms: 3
Bathrooms: 3
Living Area: 2,000 sqft
Price Per Sqft: $744.00
About this Detached
in Newtonbrook East, Toronto
Situated in the heart of Newtonbrook East, this charming, well-cared-for family home rests on a premium 60 x 146 ft lot within a neighbourhood defined by luxury custom residences. Offering a rare combination of lot size, location, and future potential, this property is ideal for those looking to renovate, rebuild, or invest.The existing home showcases classic character and a functional layout, ready for updates or transformation. The deep backyard provides a private setting with ample space to design your ideal outdoor retreat-whether for entertaining, relaxation, or adding features such as a pool. A long private driveway accommodates multiple vehicles with ease.Zoned R5+, the property offers flexibility for redevelopment, including single-family, duplex, triplex, or fourplex options (buyer to verify all permitted uses). The home is currently rentable, presenting an opportunity to generate income while planning your next steps. Conveniently located near top-rated public, Catholic, and private schools, as well as Finch Subway Station and the future Finch West LRT. Enjoy quick access to Highways 401 and 404, nearby parks, shopping destinations, dining options, and major healthcare facilities.A prime opportunity to secure a substantial lot in one of North York's most desirable and evolving communities. Being sold as is where is, no guarantees or warranties.
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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