144 Merkley Square

Morningside, Toronto

144 Merkley Square, Morningside, Toronto

$889,000


Bedrooms: 3

Bathrooms: 3

Living Area: 1,500 sqft

Price Per Sqft: $592.67


About this Detached

in Morningside, Toronto

Welcome to this lovingly maintained 4-level backsplit, proudly owned by the same family for over 50 years. This solid, well-built brick home sits on a generous 45 x 130 ft lot and offers exceptional versatility-perfect to move in as-is, renovate to your taste, or convert into a multi-unit residence with minor modifications. Featuring spacious principal rooms, the home boasts broadloom over hardwood flooring. The bright living room showcases a charming bow window and flows seamlessly into the dining room, which overlooks the expansive family room-ideal for entertaining and everyday living. The home offers 3 well-sized bedrooms and 3 bathrooms. A finished basement with separate entrance provides a cozy recreation room along with ample storage space. Step outside to a fully fenced, private backyard-perfect for relaxing or hosting gatherings. Freshly painted throughout, this home is truly move-in ready. Ideally located close to transit, major highways, shopping, and excellent schools, this property presents an outstanding opportunity for homeowners, investors, or builders alike. Don't miss your chance to own this fantastic home!

Listed by RE/MAX REALTRON 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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