807 - 7 Lorraine Drive

Willowdale West, Toronto

807 - 7 Lorraine Drive, Willowdale West, Toronto

$399,900


Bedrooms: 1

Bathrooms: 1

Living Area: 500 sqft

Price Per Sqft: $799.80


About this Condo

in Willowdale West, Toronto

Welcome to this bright and beautifully updated 1+Den suite at the highly sought-after 7 Lorraine Drive in the heart of North York. Featuring a functional open-concept layout with no wasted space, the suite offers updated kitchen appliances, flooring and lighting, plus a spacious living area with walk-out to a private balcony. Enjoy convenient access to Finch Subway Station, GO Transit, Metro, restaurants, cafés, parks, banks, and shops. Residents have access to excellent amenities including 24-hour concierge, indoor pool, sauna, gym, billiards, guest and party rooms, visitor parking, and bike racks. Includes an extra-large locker and owned parking space conveniently located close to the elevators. Move-in ready and enjoy the best of Yonge & Finch living! Flooring was newly replaced 3 years ago. The stove is 2 years old, and The range hood is 1 year old (It is fully automatic with motion-sensor activation and operation), The refrigerator is brand new (installed this year),

Listed by PROMPTON REAL ESTATE SERVICES CORP..


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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:
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* This material is for informational purposes only.

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