799 Midland Avenue

Kennedy Park, Toronto

799 Midland Avenue, Kennedy Park, Toronto

$2,499,999

Bedrooms: 2

Bathrooms: 3

Living Area: 1,100 sqft

Price Per Sqft: $2,272.73

About this Detached

in Kennedy Park, Toronto

Discover a prime development opportunity at 799 & 801 Midland Ave, ideal for a low-rise 6-storey condominium project. This double-lot property is situated in a vibrant neighbourhood that offers excellent access to public transit, including the new Eglinton Crosstown LRT, which significantly enhances connectivity throughout the city. With nearby shopping, parks, and schools, this location is highly desirable for both young professionals and families. With favourable zoning for low-rise development, the generous lot size allows for innovative design and landscaping. The area is experiencing increasing demand for housing. This is a rare chance to shape the future of this dynamic location and capitalise on Toronto's competitive real estate market. Whether you're a developer or an investor, 799 & 801 Midland Ave presents a promising opportunity!

Listed by ROYAL LEPAGE ASSOCIATES REALTY.

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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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