30 Melchior Drive
West Hill, Toronto
$948,000
Bedrooms: 3
Bathrooms: 4
Living Area: 1,100 sqft
Price Per Sqft: $861.82
About this Detached
in West Hill, Toronto
Amazing Renovated Detached Bungalow! Close To All Amenities. ?This detached bungalow is an exceptional opportunity, boasting extensive renovations and significant income potential. The home features a total of six bedrooms (3 on the main floor and 3 in the basement) and four full bathrooms, making it ideal for a large family or for generating rental income. ?With two separate kitchens and two dedicated laundry areas, the property is perfectly set up for a multi-generational living arrangement or as an income-generating rental unit. "The basement Units could potentially rent for over $3,000 per month (No Retrofit)" The entire house has been updated with more than $100,000 in renovations, including LED ceiling lights throughout. The electrical system has been upgraded to a 200 AMP service. The property also includes a fenced yard and comes with all major appliances, including three fridges, two stoves, and two sets of washers and dryers. Patio Door. Roofing done 2019 & Hot water Tank Rental 2022.
Listed by HOMELIFE TODAY REALTY LTD..
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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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