26 Bush Drive

Highland Creek, Toronto

26 Bush Drive, Highland Creek, Toronto

$1,199,000

Bedrooms: 2

Bathrooms: 2

Living Area: 700 sqft

Price Per Sqft: $1,712.86

About this Detached

in Highland Creek, Toronto

***Residential Potential Development Opportunity in Prime Scarborough Location! *** Nestled in a quiet cul-de-sac within a mature and family-friendly neighbourhood, this exceptional property presents a rare Scarborough development opportunity with significant residential redevelopment potential. Surrounded by established homes and ongoing intensification, this property is ideal for those seeking a multi-unit investment property or a builder/investor special in a rapidly evolving area. ***Seller has proposed to the following Development: Separate into 2 lots and build 4 Flex on each lot with NO DEVELOPMENT CHARGE (Buyers to Verify) ***The location offers outstanding convenience, with easy access to Highway 401, TTC transit, hospitals, banks, shopping, and top-rated schools, while being just a short 4-5 minute walk to the University of Toronto Scarborough campus. This proximity supports strong and consistent rental demand, making it an excellent income property near U of T Scarborough and a valuable high rental demand area for long-term investment. The existing home currently generates approximately $3,825 per month in rental income, providing immediate cash flow and making it a strong income-producing holding property while development plans are pursued.

Listed by TFN 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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