10 Colonial Avenue

Cliffcrest, Toronto

10 Colonial Avenue, Cliffcrest, Toronto

$995,000

Bedrooms: 3

Bathrooms: 2

Living Area: 700 sqft

Price Per Sqft: $1,421.43

About this Detached

in Cliffcrest, Toronto

RARE OVER SIZED LOT- Charming 3+2 Bedroom Bungalow on a Huge Oversized Lot in Scarborough perfect for renovators, builders and downsizers! Welcome home to an inviting space nestled on a rare, oversized lot with a private laneway running behind-a perfect opportunity for future potential or extra parking space.Step inside to find an inviting open-concept main floor featuring a renovated kitchen with natural stone countertops, sleek cabinetry, and lots of light. A cozy fireplace adds warmth and charm to the main level which offers three comfortable bedrooms, while the basement has a separate entrance and includes two additional bedroom spaces awaiting the finishing touches, a second kitchen, and ample room waiting for your renovation ideas to be brought to light-ideal for an in-law suite or future rental potential.Enjoy the outdoors in your beautifully treed backyard, complete with a large workshop for hobbyists or extra storage. Additional features include a tankless hot water system, large laundry room, and convenient access to nearby schools, parks, shopping, and transit.This property combines comfort, space, and future potential in one of Scarborough's most desirable neighborhoods. Don't miss your chance to own this versatile and well-loved home!

Listed by RE/MAX REALTY ENTERPRISES INC..

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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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