56 Gage Avenue

Bendale, Toronto

56 Gage Avenue, Bendale, Toronto

$888,000


Bedrooms: 3

Bathrooms: 2

Living Area: 1,100 sqft

Price Per Sqft: $807.27


About this Detached

in Bendale, Toronto

Side Separate Entrance for In-Law Suite potential. 3 Bed- 2 Bath Bungalow, on a Large Lot In Desirable Bendale Community. Freshly Painted with New Broadloom. Home Features a Carport, Fully Fenced Yard, Open Living & Dining Rm, Family-Sized Eat-in Kitchen, Large Finished Basement With Separate Entrance and Spacious Open-Concept Living and Dining Area Featuring Crown Molding and Large Windows. The side Separate Entrance, leads to a Huge Basement with Recreational Room with Office and Bar Area, and Additionally a Huge Family Room for Entertaining Along with a 3-Piece Bath. This Expansive Space Could be Easily Converted into an Income-Generating Suite or Used as Extra Living Space for Extended Family Members. Outside, the Backyard is Fully fenced with a Patio. Close to Transit (Lawrence Lrt Station & Future Subway in the area as well), Local schools, Parks, SHN General Hospital, Grocery Stores, and Restaurants are all Just Minutes Away. This is a Rare Opportunity to Own a Property with Great Bones and Great Income Potential in a Sought-After Neighbourhood.

Listed by EXP 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


     
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.

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