561-563 Danforth Road

Birchmount, Toronto

561-563 Danforth Road, Birchmount, Toronto

$1,799,900

Bedrooms: 9

Bathrooms: 6

Living Area: 3,500 sqft

Price Per Sqft: $514.26

About this Multiplex

in Birchmount, Toronto

Outstanding investment opportunity in a high -demand Scarborough location. Large Purpose-built 6 plex on a wide double driveway lot. Offering 4 spacious 2-bedroom suites and two bright 1-bedroom units. over 6,300 sq ft in total including basement (Source: Floorplans). Separately metered for hydro with two high-efficiency furnaces, ample surface parking, and strong rental upside. Close to transit, shopping, and future growth corridors. Ideal for investors or owner-operators seeking sold income with long-term appreciation potential. New front and side entry doors, new roof. Financials and floor plans are on attachments. Tenants to be assumed, no vacant possession

Listed by HARVEY KALLES REAL ESTATE 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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