174 Gibbons Street

McLaughlin, Oshawa

174 Gibbons Street, McLaughlin, Oshawa

$630,000

Bedrooms: 2

Bathrooms: 2

Living Area: 700 sqft

Price Per Sqft: $900.00

About this Detached

in McLaughlin, Oshawa

Introducing 174 Gibbons Street - A spacious bungalow ideal for first-time homeowners and investors alike. This well-kept brick detached home sits in a prime location and features generous parking and a large lot and backyard. The upper level features 2 bedrooms with a living/dining area, kitchen and bathroom. While the finished basement unit features a living/dining area, full kitchen with one bedroom and one bathroom. Whether you are looking to rent out both units, live in one while renting out the 2nd, or combining the home back into a single unit, this property offers flexibility and great potential. Significant updates completed in 2019: Two modern kitchens, new appliances, new parking pad in rear, new furnace and replaced 80% of the water/sewer pipe from the home to the street (Please see investment breakdown in attachments). Situated within walking distance to the Oshawa Centre, parks, grocery stores and close to Highway 401. Parking includes newly installed rear pad and private driveway that accommodates 4-5 vehicles. Please note that some photos have been virtually staged.

Listed by CHESTNUT PARK REAL ESTATE LIMITED.

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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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