283 Cedarvale Avenue

Lumsden, Toronto

283 Cedarvale Avenue, Lumsden, Toronto

$1,488,000


Bedrooms: 2

Bathrooms: 4

Living Area: 2,000 sqft

Price Per Sqft: $744.00


About this Duplex

in Lumsden, Toronto

Stripped to the studs, we're calling all Investors, multi-generational families & savvy urban dwellers, this beautiful East York duplex is a one-way ticket to opportunity, flexibility, and long-term upside. Taken to the framework and rebuilt with intention, 283 Cedarvale Avenue emerges as a legal duplex designed for today's lifestyle and tomorrow's possibilities. Each storey features a 1000 square foot one-bedroom suite, where sunlight, space & flow combine to create quarters that feel as practical as they are inviting. Sitting proudly on a rare 25 x 163 ft lot, this property delivers enviable outdoor space with a fully landscaped backyard, detached garage/shed combo and a gorgeous tumble stone driveway offering ample parking (yes, finally enough room for everyone). But wait, there's more: A finished basement with a separate entrance offering incredible potential for a bonus third suite complete with its own 3-piece ensuite bath, perfect for overnight guests, a dedicated office, or extra storage. And? With a 1,500 square foot garden suite potential, this multi-functional property extends its promise of future value & income growth. Did we mention that the second floor has enough space to convert to a 2-bedroom suite? A true bonus. Whether you're an investor crunching the numbers, a family eyeing multi-unit living, or someone who values long-term optionality, this property delivers on every front. With brand-new systems, finishes & landscaping, and natural light on every level, this property isn't just turnkey, it's future-proofed. Positioned for access to schools, parks, the DVP, transit & the vibrancy of the Danforth, 283 Cedarvale makes a compelling case for design, function & long-term upside, a property that works as hard as you do!

Listed by FOX MARIN ASSOCIATES 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


     
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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