17 Madrid Street
Bendale, Toronto
$998,000
Bedrooms: 3
Bathrooms: 4
Living Area: 1,100 sqft
Price Per Sqft: $907.27
About this Detached
in Bendale, Toronto
Don't miss this exceptional opportunity to own a well-kept bungalow with a legal two-bedroom basement apartment in the highly sought after Glen Andrew community of North Bendale. Situated on a quiet street with no houses behind, this home offers privacy and a functional open concept layout featuring a bright family room and a spacious modern kitchen. The main floor showcases hardwood flooring throughout, a convenient powder room and a full bathroom, three well sized bedrooms, and its own separate laundry for added convenience. One of the bedrooms features a walkout to the backyard through patio doors, creating easy outdoor access. The finished basement includes a separate entrance and a fully self-contained legal apartment. It features a large living and dining area with laminate flooring, oversized windows that bring in plenty of natural light, and a cozy fireplace that adds warmth and character. The primary bedroom includes its own ensuite bathroom, along with an additional bedroom, another full bathroom, and separate laundry. The layout offers ample space and comfort, ideal for extended family or rental income. This home is equipped with a 200-amp electrical panel and has been well maintained by the owner with numerous upgrades over the years, including furnace and air conditioner replaced in 2016, roof updated in 2019, and eavestrough replaced in 2022. The legal basement apartment was previously rented for $2500 plus utilities, making this an excellent income generating opportunity. Conveniently located with quick access to Scarborough General Hospital, Highway 401, Scarborough Town Centre, McCowan Subway Station, and a variety of nearby amenities, this property is perfect for families and investors alike.
Listed by RE/MAX COMMUNITY 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
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| * This material is for informational purposes only. | |||
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