240 Berkeley Street

Moss Park, Toronto

240 Berkeley Street, Moss Park, Toronto

$666,000

Bedrooms: 0

Bathrooms: 0

About this Land

in Moss Park, Toronto

Rare opportunity to acquire an individually deeded, shovel-ready freehold townhouse lot within a fully approved six-lot development. This serviced parcel is ready for construction and includes the benefit of approved architectural plans and detailed renderings, allowing a purchaser to significantly reduce the time and cost associated with the planning and approvals process. Designed for a spacious approximately 2,000 sq. ft. freehold townhouse, with the potential to expand to approximately 2,400 sq. ft. by optimizing the garage configuration, the proposed residence features a private garage and backyard. Situated in one of Toronto's rapidly transforming neighbourhoods, the property is just a short walk to the future Ontario Line subway station and minutes from the Financial District, Toronto Metropolitan University, the University of Toronto, parks, and vibrant local amenities. An exceptional opportunity for builders, investors, or end users seeking to construct a custom freehold home in a high-growth urban location. Additional individually deeded lots within the approved development are also available for purchase.

Listed by PROPERTY.CA INC./Royal LePage Real Estate Associates.

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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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