180 Atlas Avenue

Oakwood Village, Toronto

180 Atlas Avenue, Oakwood Village, Toronto

$1,149,000


Bedrooms: 3

Bathrooms: 2

Living Area: 1,100 sqft

Price Per Sqft: $1,044.55


About this Detached

in Oakwood Village, Toronto

Attention End Users, Builders & Investors - A Rare 25 x 120 Lot in the Humewood Public School Catchment. For close to six decades, this home has been the heart of one family - the backdrop to holidays, milestones, and everyday memories. That warmth is still here, and for an end user ready to update and make it their own, it's a rare chance to restore a solid home with real character in a coveted neighbourhood. Higher ceilings on both the main and upper floors give it an airy, elevated feel that's genuinely tough to find, while a large private backyard and a private driveway with room for multiple cars - a true rarity in the area - round out a home you can move into and reimagine over time.But the real story is the opportunity. Set on a spectacular 25 x 120 foot lot with width and depth rarely found among surrounding homes, this is a standout development and value-add play. Renovate for end use, hold for income, build to suit, or take the redevelopment route: an ideal candidate for multi-family, multi-residential, multiplex, duplex, triplex, or fourplex conversion, with strong potential to increase density and add units under today's gentle-density and multiplex-friendly zoning. Explore garden suite, laneway, and infill possibilities to maximize land value and long-term returns. Builders, developers, and investors - this is the kind of deep, well-located lot that anchors a portfolio and pencils out.Opportunities like this - this much land, this location, and this rare combination of end-user appeal and redevelopment upside - don't come along often, and they don't last long. Whether you're buying to live, to build, or to hold, don't wait to see it. Buyer to verify all development potential, permitted uses, and density with the City.

Listed by RARE REAL ESTATE.


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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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