70 Dunstall Crescent
West Hill, Toronto
$899,999
Bedrooms: 3
Bathrooms: 2
Living Area: 2,000 sqft
Price Per Sqft: $450.00
About this Detached
in West Hill, Toronto
Rare double-lot property offering flexibility, value, and future potential - live in, rent out, or redevelop/sell when the time is right. Large 16,000 sq ft double lot in West Hill with rentable, mortgageable, and insurable 2,435 square foot (iGuide), 3-bedroom 2-bath detached bungalow. One of the largest properties in the neighbourhood with no neighbours backing onto the property. 75' frontage at the street, expanding to approximately 90' at the front yard setback and a rear lot line of over 133' -- thanks to the pie-shaped lot. Home requires some work but has been updated and is comfortable: new roof (2022) ; flooring (2021) ; full bathroom renovation (2021) ; hot tub (2022) ; GE Monogram gas range (2021) ; main floor laundry (2021) ; and Electrolux washer/dryer (2021). City approval already in place to permit two lots (see attachments no further city work necessary, and lawyer can finalize at closing). Lots of future redevelopment options here: Build one or two detached homes (zoning approved plans for two detached homes in attachments) and add garden suites to each or take advantage of Torontos "Expanding Housing Options in Neighbourhoods" policy to create up to 10 rental units with ample parking. Potential rear street access can be gained via McMorrow for additional parking and greater Garden Suite value. Many $2m+ custom infill home precedents nearby. Near PanAm Sports Centre, Centenary Scarborough Hospital, University of Toronto Scarborough campus, and Centennial Scarborough campus. Strong demand for rental housing from temporary workers (doctors, nurses, professors, etc.) and students. 5 minutes to Rouge Hill GO Station (35 minutes to Union Station downtown), close to 401 & Kingston Rd. Walking distance to Rouge Valley trails and Lake Ontario. House is sold 'as-is, where-is' with no warranties or guarantees.
Listed by ROYAL LEPAGE CONNECT 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
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| * This material is for informational purposes only. | |||
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