137 Merkley Square
Morningside, Toronto
$1,250,000
Bedrooms: 5
Bathrooms: 4
Living Area: 2,500 sqft
Price Per Sqft: $500.00
About this Detached
in Morningside, Toronto
Absolute Elegance in a Stunning 5+2 Bedroom, 4-Bath Detached HomeWelcome to this beautifully maintained freehold detached home, offering 5+2 bedrooms and 4 bathrooms in one of Scarborough's most desirable family-friendly communities. Perfectly positioned just an 8-minute drive from the University of Toronto Scarborough campus and Centennial College Morningside Campus, this exceptional home is also conveniently located near the renowned Scarborough Health Network - Centenary Hospital, the world-class Toronto Pan Am Sports Centre, TTC, waterfront parks, scenic walking trails, shopping, schools, and major highways.Thoughtfully updated and move-in ready, this impressive residence showcases a renovated chef-inspired kitchen, beautifully updated bathrooms, fresh designer paint, modern lighting, and numerous upgrades throughout. The spacious primary suite serves as a private retreat, featuring picturesque views, a luxurious 5-piece ensuite with a relaxing soaker tub and separate glass shower, as well as a generous walk-in closet. Four additional well-proportioned bedrooms provide plenty of space for growing families, guests, or a home office.The main floor is designed for both everyday living and entertaining, offering elegant separate living and dining rooms, a gourmet eat-in kitchen with modern appliances, a cozy family room with fireplace, and an abundance of natural light throughout.The professionally finished basement includes a self-contained 2-bedroom in-law suite, presenting an excellent opportunity for multi-generational living or valuable rental income. Separate Laundries. Experience the perfect balance of luxury, comfort, and location in a home that places you just minutes from leading educational institutions, premier healthcare, recreation, and nature while offering the privacy and tranquility of a true urban retreat. This is a rare opportunity to own a remarkable home in one of Scarborough's most sought-after locations.Don't miss this Beautiful House.
Listed by HOMELIFE/MIRACLE REALTY LTD.
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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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