245 Ferris Road

Parkview, Toronto

245 Ferris Road, Parkview, Toronto

$1,699,000


Bedrooms: 4

Bathrooms: 5

Living Area: 2,000 sqft

Price Per Sqft: $849.50


About this Detached

in Parkview, Toronto

Stunning custom-built 4-bedroom home with a separate legal 2-bedroom basement suite set on a rare 30x194ft lot sought-after O'Connor-Parkview neighbourhood! This gorgeous home offers an exceptional design, space, and versatility, including an outstanding income potential! The welcoming main floor foyer features porcelain flooring, large closet and soaring 12 ft ceilings that carry through the main floor accented by refined European-inspired contemporary fluted paneling. The open-concept main level is bathed in natural light from expansive windows and showcases gorgeous engineered hardwood flooring and wainscoting throughout. The large dining area is perfect for entertaining, while the show-stopping kitchen impresses with abundant storage, top-of-the-line appliances along with sleek quartz countertops and backsplash. Sliding glass doors extend the living space outdoors to an expansive deck and a fully fenced back yard. The spacious living room overlooks the main floor, creating an ideal setting for everyday living and family gatherings. Oak stairs with glass railings lead to the second level highlighted by a large skylight and convenient upper-floor laundry. The serene primary suite is a luxurious retreat featuring a private balcony, walk-in closet, and spa-like 7-piece ensuite with double vanity, glass shower with body sprays, and a soaker jacuzzi tub. Three additional spacious bedrooms offer generous closet space, abundant natural light, and direct access to bathrooms each with glass shower with body spray. The bright, legal basement apartment includes large above-grade windows, two bedrooms each with direct walkouts to a large patio, a full kitchen, laundry, and a 4-piece bath, ideal for rental income or extended family. Set on an exceptionally deep 194-foot lot, the backyard is a rare offering with tremendous future potential for a massive garden suite. This home is ideally located near TTC and GO Transit, walk to local shops, supermarket, parks and schools!

Listed by ROYAL LEPAGE SIGNATURE 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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