1215 Woodbine Avenue
Lumsden, Toronto
$1,298,000
Bedrooms: 3
Bathrooms: 4
Living Area: 1,500 sqft
Price Per Sqft: $865.33
About this Detached
in Lumsden, Toronto
Attention savvy investors, house-hackers, or multi-unit buyers ready to grow their real estate portfolio! This solid-brick detached gem in East York is packed with opportunity whether you're living in one unit and renting out the others, or fully leasing it out for maximum cash flow. With multiple self-contained units already in place, this property is tailor-made for generating income while maintaining flexibility. The layouts are practical, the space is real, and the upside? Huge. Picture a large basement as your blank canvas, with functional ceiling height and 2 bathroom rough-ins to allow for more creative living options. Use the oversized garage as a potential workshop, studio, gym or better yet, rent it out for extra monthly revenue. And if you're dreaming even bigger? There's potential to build a 2-storey garden suite (see attached analysis) unlocking even more value and transforming your lot into a full urban income compound. The newly interlocked driveway offers smooth access to your generous parking options, and the location is ideal: steps to parks, schools, Taylor Creek trails, the DVP, TTC, and all the amenities of East York and the Danforth. Whether you're an investor looking for cash flow, a homeowner wanting rental income to offset your mortgage, or someone planning a multi-generational living setup, this is a smart, versatile property with serious potential.
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
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| * This material is for informational purposes only. | |||
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