323 Mortimer Avenue

East York, Toronto

323 Mortimer Avenue, East York, Toronto

$2,779,000


Bedrooms: 6

Bathrooms: 8

Living Area: 3,000 sqft

Price Per Sqft: $926.33


About this Fourplex

in East York, Toronto

Welcome to an outstanding LEGAL 4 UNIT multiplex built to the highest standards in one of East York's most desirable pockets. This all-brick residence spans approximately 5000 square feet and delivers an ideal blend of quality craftsmanship, versatile living, and strong rental income potential.The property features two (2) spacious three-bedroom, four-bathroom upper units designed for comfortable family living, complemented by two (2) bright garden-level bachelor suites perfect for generating supplementary income. Each unit boasts custom cabinetry and en-suite laundry - thoughtful touches that elevate daily living and attract quality tenants. Two dedicated parking spots round out the offering.Whether you're a multi-generational family seeking connected yet independent living spaces, a seasoned investor building a portfolio, or a savvy buyer looking to offset mortgage costs through rental revenue, this property checks every box. Nestled near the vibrant Danforth corridor, residents will enjoy easy access to eclectic dining, cafes, patios, boutique shopping, and lively cultural events. Ample parks and trails offer green space for weekend relaxation, while Donlands and Pape Stations ensure seamless commuting across the city. Families will appreciate the proximity to great schools, and everyday essentials are just minutes away at local grocers and shops.Meticulously constructed and strategically located, 323 Mortimer Avenue represents a rare opportunity to own a turnkey multiplex in a community that never goes out of style.

Listed by SKYBOUND 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


     
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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