320 Elgin Street W

McLaughlin, Oshawa

320 Elgin Street W, McLaughlin, Oshawa

$998,000

Bedrooms: 9

Bathrooms: 4

Living Area: 2,000 sqft

Price Per Sqft: $499.00

About this Fourplex

in McLaughlin, Oshawa

Rare Legal Fourplex On An Oversized Lot In A High Demand Location! Exceptional Opportunity For Investors Or End-Users Seeking Strong Income Potential And Future Upside. This Well-Maintained Property Features 4 Self-Contained Units, 4 Separate Entrances, 3 Hydro Meters And 6 Parking Spaces. The Front Upper Unit Offers 3 Bedrooms, Living Room, Kitchen And 1 Bathroom And Is Currently Vacant, Providing Immediate Possession For Owner Occupancy Or The Opportunity To Set Market Rent. This Unit Features Several Newly Installed Windows As Well As New Flooring, Stove And Refrigerator. The Back Upper Unit Features 3 Bedrooms, Living Room, Kitchen And 1 Bathroom; The Front Lower Unit Includes 1 Bedroom, Living Room, Kitchen And 1 Bathroom; The Back Lower Unit Offers 2 Bedrooms, Living Room, Kitchen And 1 Bathroom. Buyer To Assume Existing Tenancies For The Remaining 3 Units. Common Area Coin-Operated Washer And Dryer Provide Additional Monthly Income. Long-Term Ownership With Excellent Maintenance And Pride Of Ownership Evident Throughout. Roof Replaced Approximately 2 Years Ago. Located Close To Public Transit, Shopping, Schools, Parks And Other Everyday Amenities. Excellent Option As A Turnkey Income Property, Owner-Occupied Investment, Or Future Redevelopment Opportunity On A Generous Lot. Current Rent For Reference: Unit 2: 1489.69/month, Unit 3: 1041.64/month, Unit 4: 1157.64/month.

Listed by HOMELIFE LANDMARK REALTY INC..

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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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