83 Lawrence Avenue E

Lawrence Park South, Toronto

83 Lawrence Avenue E, Lawrence Park South, Toronto

$1,999,500

Bedrooms: 3

Bathrooms: 2

Living Area: 1,500 sqft

Price Per Sqft: $1,333.00

About this Duplex

in Lawrence Park South, Toronto

Rare opportunity in the heart of Lawrence Park! Detached brick legal duplex sitting on a large 50 x 150 ft lot on Lawrence Ave, surrounded by mature trees, multi-million dollar homes and some of the city's most desirable neighbourhoods and schools. Well kept, freshly painted and move-in ready, with a surprisingly private and serene setting right in the city. The property features two separate above-grade units - a vacant 2-bedroom unit ready for immediate occupancy and a 1-bedroom unit occupied by great tenants who would like to stay. Each unit has its own separate radiant floor heating system with dedicated tankless water heater. Unfinished basement offers additional space and plenty of possibilities. Huge driveway with parking for up to 10 cars, plus 4 garden sheds providing tons of outdoor storage.A great opportunity for investors, end users or builders. Live in one unit and rent the other, rent both for income, or explore the potential to build a large custom home on this substantial lot. Lawrence Ave is also designated as a Major Street under the City's new planning framework, creating potential for additional density and redevelopment. Buyer to conduct their own due diligence regarding zoning, Major Streets permissions, development potential and permitted uses. A unique property with income, land and long-term potential in one of Toronto's most established neighbourhoods.

Listed by REALTY ONE GROUP REVEAL.

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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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