272&276 King Edward Avenue
Lumsden, Toronto
$1,798,000
Bedrooms: 6
Bathrooms: 5
Living Area: 2,500 sqft
Price Per Sqft: $719.20
About this Multiplex
in Lumsden, Toronto
One of a kind, 3 unit home w/ oversized insulated & tricked out garage w/ gorgeous rooftop terrace in East York. Fantastic income property or ultimate family compound! Situated on a desirable corner lot. Comprehensive sound proofing initiatives throughout the units. Live in the owners suite & rent out the other 2. 4 car parking & all units city approved. Enjoy the highest level of quality workmanship. Remarkable blend of modern design & luxurious features. High-end faux wood tile ceramic extremely durable flooring throughout all 3 units. Owners suite has vaulted ceilings, open concept kitchen w/ sleek white lacquer cabinets, undermounted lighting & beautiful backsplash, oversized island w/ b/i micro & ample storage. Custom single stringer staircase leads to gorgeous terrace w/ b/i hot tub, gas line for BBQ & gas line for firepit, large storage cabinets & irrigated turf area for pets. 4 piece ensuite w/ double sinks & 2 person glass shower enclosure. LED lighting system throughout & b/i HEOS wired sound system. The oversized garage is a dream space w/ heated floors. This space can be enjoyed year-round. 3pc bath & wet bar w/ potential for a 4th unit or a luxurious man-cave/workshop. The 276 King Edward units offer a separate entrance with two fantastic 2 bdrm suites w/ beautifully updated interiors. High vaulted ceilings on upper unit. Upper unit has 4 pc bath, lower unit has 3pc bath. Both kitchens come equipped w/ stainless steel appliances. Previously rented for a combined income of $5,000 per month (plus hydro), both suites are currently vacant, offering endless possibilities for new owners. Each suite has its own washer & dryer. These suites are ideal for rental income or multi generational accommodations. This home offers the best of both worlds: luxurious living & excellent rental income potential. Whether you're looking for a spacious home w/ modern amenities or an investment property w/ income-generating opportunities, this property has it all!
Listed by RE/MAX HALLMARK 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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