6244 Kingston Road

Centennial Scarborough, Toronto

6244 Kingston Road, Centennial Scarborough, Toronto

$2,200,000

Bedrooms: 2

Bathrooms: 2

Living Area: 1,100 sqft

Price Per Sqft: $2,000.00

About this Detached

in Centennial Scarborough, Toronto

Great Rental Apt Development Opportunity In The Dynamic Highland Creek Community! We Sell W ZAP in your hand to create 20 Rental unit . Zoning certificate included in the price. Get the permit and have 90% construction loan From CMHC(Some condition Applies).At the final after occupancy you can have mortgage from CMHC with less than the market rate and be owner with $ 0 on the property. Great investment property. The Pac meeting with city on Nov18 has been done.

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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