410 - 38 Elm Street

Bay Street Corridor, Toronto

410 - 38 Elm Street, Bay Street Corridor, Toronto

$489,000

Bedrooms: 1

Bathrooms: 1

Living Area: 600 sqft

Price Per Sqft: $815.00

About this Condo

in Bay Street Corridor, Toronto

Welcome to this bright and spacious 608 sq. ft. southeast corner suite in the heart of downtown Toronto. This move-in-ready unit has been thoughtfully updated with a new kitchen with stainless steel appliances, modern cabinetry, quartz countertops and backsplash. The unit has quality laminate flooring, closet built-ins, and fresh paint throughout. The suite also includes one parking space and one storage locker for added convenience. Enjoy the peace of mind that comes with a maintenance fee covering all utilities, offering predictable monthly expenses for both first-time homebuyers and investors. Ideally located in a highly walkable neighbourhood, you're just a short walk from the Hospital District, Toronto Metropolitan University (TMU), the University of Toronto (U of T), grocery stores, TTC subway stations, restaurants, cafés, shopping, and entertainment. Residents enjoy exceptional building amenities, including a 24-hour concierge, indoor swimming pool, fully equipped fitness centre, sauna, guest suite, parking, and an outdoor terrace providing comfort, convenience, and an outstanding downtown lifestyle.

Listed by PROPERTY.CA 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

     
Asking Price: Interest Rate (%):
Amortization:  
Percent Down:
Down Payment:
First Mortgage:
CMHC Prem.:
Total Financing:
Monthly P&I:
* This material is for informational purposes only.

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