30 Melchior Drive
West Hill, Toronto
$1,069,000
Bedrooms: 3
Bathrooms: 4
Living Area: 1,100 sqft
Price Per Sqft: $971.82
About this Detached
in West Hill, Toronto
Amazing Renovated Detached Bungalow - Exceptional Income Potential! Rare Opportunity in a Prime Location! Welcome to this stunningly renovated detached bungalow, perfectly designed for large families, multi-generational living, or the savvy investor looking for significant cash flow. Situated close to all essential amenities, this home combines modern upgrades with incredible functional versatility. Space & Layout: This spacious home boasts a total of six generous bedrooms and four full bathrooms. * Main Floor: Features 3 bright bedrooms and a modern layout. * Basement: Fully finished with an additional 3 bedrooms, offering immense rental potential. Designed for Dual Living: The property is expertly set up for two independent living spaces, featuring: * Two Separate Kitchens with modern finishes. * Two Dedicated Laundry Areas for ultimate convenience and privacy. * Income Potential: The basement units could potentially generate over $3,000 per month in rental income! Premium Upgrades & Features: No expense was spared with more than $100,000 in recent renovations: * Modern Aesthetics: Sleek LED ceiling lights throughout and a stylish patio door. * Mechanical Peace of Mind: Upgraded 200 AMP electrical service, new roofing (2019), and a hot water tank replaced in 2022. * Turnkey Ready: Comes fully equipped with three fridges, two stoves, a dishwasher, and two sets of washers and dryers. Outdoor Living: Step outside to a fully fenced yard, perfect for children, pets, or summer entertaining. Whether you are looking to offset your mortgage with a high-end rental or need a spacious home that fits the whole family, this property is a must-see!
Listed by ROYAL LEPAGE IGNITE 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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