50 Albany Avenue
Annex, Toronto
$1,750,000
Bedrooms: 8
Bathrooms: 5
Living Area: 3,000 sqft
Price Per Sqft: $583.33
About this Semi-Detached
in Annex, Toronto
Classic Double-Brick Semi In The Heart Of The Annex, Steps From U Of T, Configured As A Duplex With Two Self-Contained Units Across Four Floors And An Impressive 3,400 Sq Ft Above Grade. The Upper Suite (2nd And 3rd Floor) Is Currently Tenanted - Income In Place From Day One. It Lives Like A Townhouse: Exposed Brick Living Room, Renovated Kitchen With Stainless Appliances And Classic Black-And-White Tile, In-Suite Laundry, And A Third-Floor Loft With Angled Ceilings And Hardwood Throughout That Draws Excellent Tenants And Keeps Them. The Main And Basement Unit Is Delivered Vacant...And That Vacancy Is Part Of The Value. Move In And Let The Upper Unit Carry Your Costs. Renovate And Re-Tenant At Current Market Rents. Separate The Main Floor And Basement Into Two Independent Units. The Options Are Real And The Address Makes Every One Of Them Work. The Suite Features 9-Ft Ceilings, Original Hardwood, A Decorative Fireplace, A Sun-Filled Enclosed Front Porch, Finished Basement With Full Bath And In-Suite Laundry. Pre-Listing Inspection Rated Above Typical For Its Class: Double-Brick Masonry, 200-Amp Copper-Grounded Electrical, Professionally Damp-Proofed Foundation, 10-Yr-Old Hot Water Boiler With ~10 Yrs Remaining. Roofs In Good Repair Throughout. Private Front Parking, A Premium At This Address! The Annex Is One Of Toronto's Most Enduringly Desirable Neighbourhoods: Tree-Lined, Walkable, Intellectually Alive, And Stubbornly Resistant To Going Out Of Style. Less Than A 3-Minute Walk To Bathurst Station. Steps To U Of T, The ROM, Philosophers' Walk, Bloor Street's Independent Boutiques, Bookshops And Restaurants, Koreatown, And Kensington Market. Within The MTSA Zone. Vacancy Rates Here Are Among The Lowest In The City For Good Reason, People Who Live In The Annex Don't Leave Willingly. One Unit Earning. One Unit Waiting For Your Vision.
Listed by RE/MAX WEST 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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