551 Military Trail

Morningside, Toronto

551 Military Trail, Morningside, Toronto

$1,699,000

Bedrooms: 4

Bathrooms: 3

Living Area: 2,000 sqft

Price Per Sqft: $849.50

About this Detached

in Morningside, Toronto

Calling all savvy investors! great income potential. Great for growing families with separate nanny/in-law suite. also great for rental to UofT students. Separate mailing addresses for Canada Post, Separate Hydro and Enbridge Gas for both houses. Tons of upgrades throughout both houses: windows, stainless steel appliances, fireplaces, privacy fence. Lots of added security features glass breaking detection and 10 security cameras. huge driveway can park up to 10 cars or RV/boat. Oversized backyard and deck - great for kids to play or entertaining large gatherings! Ravine lot. Backs onto Brooks Road Park. Like a farmhouse in the city. Ultra convenient location with quick access to walking trails, schools, UofT Scarborough Campus, Centennial College, Hospital, Hwy 401, grocery stores the list goes on! A truly unique property on a massive ravine lot. Don't miss this opportunity to live or invest in somewhere special and truly one of a kind. Welcome Home!

Listed by RE/MAX HALLMARK REALTY LTD..

Share

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

     
Asking Price: Interest Rate (%):
Amortization:  
Percent Down:
Down Payment:
First Mortgage:
CMHC Prem.:
Total Financing:
Monthly P&I:
* This material is for informational purposes only.

Request A Showing Or Find Out More 

Have a question or interested in this property? Send us a message!

inquire