99 Harlandale Avenue

Westgate, Toronto

Open House Sep 5th - 6th, 1-3PM
99 Harlandale Avenue, Westgate, Toronto

$1,398,000


Bedrooms: 4

Bathrooms: 3

Living Area: 1,100 sqft

Price Per Sqft: $1,270.91


About this Detached

in Westgate, Toronto

Welcome to 99 Harlandale Ave, ideally situated in the heart of North York's highly sought after Lansing Westgate community. This solid bungalow sits on a generous 50 x 117.66 ft lot, surrounded by multi million dollar custom homes, making it an excellent opportunity for homeowners, investors, or those exploring future redevelopment. The home features a practical and functional layout with plenty of natural light throughout. A walkout with deck provides direct access to the private backyard, creating an inviting space for outdoor enjoyment and entertaining. The flexible interior offers plenty of potential to customize the home to suit a variety of lifestyles. Main floor includes a washer&dryer and basement has its own washer&dryer. The finished basement features two bachelor units, offering excellent potential for additional living space or rental income. Enjoy the convenience of a quiet residential street while remaining just minutes from Yonge Street, subway access, Highway 401, parks, schools, shopping, and a wide variety of restaurants and amenities. For investors, the property offers attractive rental income. The main level currently generates $3,570/month in rent, with the two basement bachelor units offering potential rental income of approximately $1,500/month each, for a potential total rental income of approximately $6,570/month or $78,840 annually. With conventional mortgage, this property is cashflow positive. 4.35% or higher potential CAP rate based on projected rental income. Whether you're looking to move in, generate rental income, or explore future redevelopment possibilities, 99 Harlandale Ave offers an exceptional opportunity in one of North York's most desirable neighbourhoods. Potential redevelopment subject to municipal approvals.

Listed by HOMELIFE FRONTIER 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


     
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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