23 Bush Drive
Highland Creek, Toronto
$899,900
Bedrooms: 2
Bathrooms: 2
Living Area: 700 sqft
Price Per Sqft: $1,285.57
About this Detached
in Highland Creek, Toronto
Welcome to this bungalow set on a generous 50 x 112 ft lot, offering exceptional potential for first-time buyers, investors, or builders looking to build a custom home. With a 50' frontage, this property presents a compelling opportunity for renovation, rental income, or future redevelopment. The main floor features a functional layout with 2 bedrooms and 1 bathroom, while the basement provides an additional living space with 2 bedrooms and 1 bathroom, creating flexibility for multi-unit use or extended family living. Both units are currently tenanted, offering immediate income while improvements or future plans are considered. An ideal opportunity for those seeking a project property with solid fundamentals, income potential, and long-term upside in an established neighbourhood close to schools, parks, transit, and everyday amenities. The main floor is currently rented for $1780/month and the basement is rented for $1700/month (inclusive of utilities).
Listed by CENTURY 21 PERCY FULTON LTD..
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LAND TRANSFER TAX CALCULATOR
| Purchase Price | |
| First-Time Home Buyer |
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| 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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