127 Kitchener Road
West Hill, Toronto
$1,350,000
Bedrooms: 3
Bathrooms: 3
Living Area: 2,000 sqft
Price Per Sqft: $675.00
About this Detached
in West Hill, Toronto
OPPORTUNITY! FAMILY HOME OR POTENTIAL INCOME PROPERTY! This multi-generational home features three fully separated and self-sufficient living spaces. This classic house can be renovated into a single-family home with a roomy floor plan, large rooms, and a private lot ideal for kids and hosting guests. INVESTOR / OWNER-USER: The top floor features a 1-bedroom apartment with a private entrance. The main level has a spacious 2-bedroom unit, easily converted back to 3 bedrooms. The basement offers a separate entrance and 2 large bedrooms and a Den. INVESTOR / SMALL BUILDER: This wide, deep lot offers development potential (buyers should verify with the City). Or you may be able to add a garden suite without severance, pending City approval. EXTRA BONUS: The 10' x16' backyard unit is fully insulated (Spray foamed) with electricity, making it ideal as a heated workshop, craft studio, recreational area, or additional sleeping quarters for guests. Additionally, a heated pool, and a heated two-car garage. All units will be vacant at closing, allowing flexible use by the buyer. Walking distance to shopping, schools, rec centres, churches, and transit. Close to the University of Toronto and Centennial College. This rare large, lot offers excellent options for a family home, multi-unit investment, or future development. Act quickly.
Listed by LPT 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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