322 Cosburn Avenue
East York, Toronto
$1,099,000
Bedrooms: 2
Bathrooms: 1
Living Area: 700 sqft
Price Per Sqft: $1,570.00
About this Detached
in East York, Toronto
Approved COA severance for two 2000 sf 4bdrm 3 story semi's, each bedroom with it's own ensuite plus a basement apartment and VERY rare approved front PAD parking. Heavy lifting is done, can apply for building permit, see attached plans. Great investment for income/intergenerational living (adult kids, seniors) for end user, excellent transit options for multiplex investor. Potential for up to 4 units per semi as of right..total of 8 units as of right, no COA. Property will qualify for MLI Select, potential of up to 95% financing with preferred rates and up to 50yr amortization. Property was updated a few years ago and currently rented. Some images are conceptual renderings only for illustration purposes of potential future semi's. Wide 35ft lot, excellent schools, close to subway and 24hr bus line, shopping, downtown and highway. Purchaser to satisfy zoning & building by-laws and approvals to their own satisfaction.
Listed by REAL ESTATE HOMEWARD.
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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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