972 Cosburn Avenue
Lumsden, Toronto
$949,900
Bedrooms: 2
Bathrooms: 2
Living Area: 700 sqft
Price Per Sqft: $1,357.00
About this Detached
in Lumsden, Toronto
**Stunning Fully Renovated East York Bungalow with Separate Basement Apartment, Rental Income Potential & Rare Laneway Garage. Exceptional opportunity to own a fully renovated bungalow in the heart of East York featuring 2 self-contained units with separate entrances - perfect for investors, first-time buyers, couples seeking a mortgage helper, multi-generational families, or anyone looking for a turnkey Toronto income property. Extensively renovated top-to-bottom in 2020 with permits and over $250K in premium upgrades, this move-in ready home offers modern open-concept living, designer finishes, chef-inspired kitchens, and full-size washer/dryers on both levels. The bright main floor is ideal for entertaining, while the beautifully finished lower-level suite provides incredible flexibility for rental income, extended family, or private guest space. Previously rented for $1,800/month, the vacant basement apartment offers immediate income potential and an excellent opportunity to offset mortgage costs or maximize investment returns in Toronto's competitive real estate market. This East York home also features a beautifully landscaped low-maintenance backyard with premium astro turf and a rare rear land extension leading to a private detached garage with laneway access - a highly desirable feature rarely found in the area.Located close to TTC, the Danforth, Taylor Creek trails, Stan Wadlow Park, East York Community Centre, schools, shopping, restaurants, biking trails, and major commuter routes. Whether you are searching for a Toronto duplex alternative, house with basement apartment, income-generating property, multigenerational home, investment property in East York, or a beautifully renovated bungalow with rental income potential, this property truly checks every box.
Listed by ROYAL LEPAGE SIGNATURE REALTY.
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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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