972 Cosburn Avenue
Lumsden, Toronto
$1,055,000
Bedrooms: 2
Bathrooms: 2
Living Area: 700 sqft
Price Per Sqft: $1,507.14
About this Detached
in Lumsden, Toronto
Welcome to this extra-long bungalow, a rare offering in one of East Yorks most desirable pockets. Meticulously renovated in 2020 down to the studs, this home feels brand new inside, with over $250,000 (2020 prices) invested in high-quality updates and a redesigned floor plan that maximizes functionality. Renovated with permits for the owners own use, every detail has been thoughtfully considered to create a modern and versatile living space.This unique property features two completely self-contained units, each with 2 bedrooms and separate living spaces. Its ideal for first-time buyers, multi-generational living, or those seeking a built-in mortgage helper one unit was previously rented to a family friend for $1,800 per month. Whether you're looking to age in place, generate income, or enjoy flexible living, this home adapts to your lifestyle.The outdoor space is designed for low-maintenance living, with a landscaped garden featuring astro turf-no grass to cut in back and a bonus piece of land at the back that leads to a private garage for 1-car parking. Parking is accessed via a laneway just one house over (previously rented for $150/month), while the owner typically parks on the street. Backing directly onto an incredible park, this home offers green space quite literally in your backyard. Enjoy the nearby community centre just steps away, complete with a public pool, indoor ice rink, and recreation classes like yoga. Nature lovers will appreciate direct access to Taylor Creek Park, with miles of paved trails weaving throughout the city (and part of the Great Canadian Trail!), offering a healthy and active lifestyle surrounded by the best that urban nature has to offer. Meticulously maintained & loved, thoughtfully designed, and move-in ready, 972 Cosburn Ave is more than just a home it's a smart investment and a lifestyle upgrade.
Listed by ROYAL LEPAGE SIGNATURE SUSAN GUCCI REALTY.
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LAND TRANSFER TAX CALCULATOR
| Purchase Price | |
| First-Time Home Buyer |
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| 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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