2343 Gerrard Street E

Danforth, Toronto

2343 Gerrard Street E, Danforth, Toronto

$2,950,000

Bedrooms: 8

Bathrooms: 8

Living Area: 3,500 sqft

Price Per Sqft: $842.86

About this Detached

in Danforth, Toronto

Reduced - A rare opportunity to own a brand-new, turn-key investment property with exceptional upside: a fully detached, purpose-built building containing FOUR spacious 2-bedroom, 2-bathroom residences. 4,774 sq ft of finely crafted living space in this newly-built, detached building. Designed and constructed by an experienced builder, each suite offers generous outdoor areas - from private yards and balconies to a stunning rooftop terrace for the upper suite - and showcases quality finishes throughout, including hardwood floors, four custom kitchens with premium appliances, large islands and gas cooktops, eight stylish washrooms, superior acoustic separation, and independent heating and cooling for each home. A deep lot with parking and green space. Offered well below replacement cost, this is a unique chance to acquire an income asset that's ready to perform from day one - ideal for investors, co-owners, or multi-generational living, and poised for long-term appreciation.

Listed by RIGHT AT HOME 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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