25 Madelaine Avenue
Oakridge, Toronto
$599,900
Bedrooms: 2
Bathrooms: 2
Living Area: 700 sqft
Price Per Sqft: $857.00
About this Detached
in Oakridge, Toronto
FREEHOLD TORONTO PROPERTY: Charming Opportunity for First-Time Buyers or Savvy R/E Investors looking to flip or BRRR! A solid100-year-old detached 2-bedroom bungalow that has a potential to be converted to a 3 bedroom attic. An ideal alternative to condo living. Perfect for first-time home buyers looking to establish roots, this property offers the freedom of ownership, outdoor space, and future potential that condo and townhouse simply can't match. Nestled on a quiet cul-de-sac, this home backs directly onto a school and faces a park-providing both privacy and beautiful green space views. Whether you're raising a family or simply enjoy a peaceful setting, this is a rare combination that adds tremendous everyday value. This property also offers flexibility for future growth, with the potential to be converted into a 3-bedroom home-ideal for expanding families or increasing resale value. While the home itself reflects its age and may be considered dated, it presents an incredible opportunity for a handyman, renovator or real estate investor to customize and significantly increase its value. With the right vision, this property can be transformed into a standout home tailored to your style and needs. Location is everything-and this one delivers! Conveniently located within walking distance to Victoria Park Subway Station, commuting is a breeze. Enjoy easy access to transit, local amenities, shops, and more, all just steps away. Don't miss your chance to own a detached home in a prime location with endless potential. Whether you're starting out or looking for your next project, this is an opportunity you won't want to overlook! Photo attached with potential idea for renovation options.
Listed by CENTURY 21 LEADING EDGE REALTY INC..
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LAND TRANSFER TAX CALCULATOR
| Purchase Price | |
| First-Time Home Buyer |
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| 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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