5 Knight Street

East York, Toronto

5 Knight Street, East York, Toronto

$2,650,000

Bedrooms: 2

Bathrooms: 2

Living Area: 700 sqft

Price Per Sqft: $3,785.71

About this Detached

in East York, Toronto

Exceptional redevelopment opportunity in Toronto's thriving Missing Middle housing segment. This property offers the potential to create a modern 6-plex plus a detached garden suite (subject to municipal approvals). An ideal option for those looking to maximize property utility and adapt to multi-unit living trends. Current value works out to less than $400,000 per potential dwelling unit, representing rare value in today's market for a well-located site. FoxyHome specializes in guiding property owners through the process of designing and building quality multi-unit residences that align with City of Toronto planning guidelines. Buyers are encouraged to perform their own due diligence regarding zoning, permits, and development feasibility. All information provided is believed to be accurate but is not warranted and should be independently verified. Keep your home and grow your wealth.

Listed by KELLER WILLIAMS ADVANTAGE 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:
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* This material is for informational purposes only.

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