9-11 Bracebridge Avenue

Lumsden, Toronto

9-11 Bracebridge Avenue, Lumsden, Toronto

$3,199,000

Bedrooms: 8

Bathrooms: 6

Living Area: 3,000 sqft

Price Per Sqft: $1,066.33

About this Multiplex

in Lumsden, Toronto

A fantastic investment opportunity awaits in prime East York! This fully tenanted, turnkey 6-plex in one of Toronto's most sought-after neighbourhoods is situated on a generous 75 x 100 foot lot. This property consists of five spacious 2-bedroom units and one 1-bedroom unit, providing consistent rental income with minimal upkeep. Conveniently located just steps from the TTC, schools, parks, and a short drive to the Danforth, downtown core, and Woodbine Beach. With approximately $135,000 in yearly net income, this is a low-maintenance addition to any portfolio-ideal for seasoned investors or those looking to break into the multi-residential market.

Listed by RE/MAX PREMIER 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

     
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* This material is for informational purposes only.

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