712 Brimley Road

Bendale, Toronto

712 Brimley Road, Bendale, Toronto

$925,000

Bedrooms: 3

Bathrooms: 2

Living Area: 700 sqft

Price Per Sqft: $1,321.43

About this Detached

in Bendale, Toronto

Spacious bungalow situated on a premium 42 x 125 ft lot in the highly sought-after Bendale community. Renovated with hardwood flooring throughout, pot lights, crown mouldings, quartz countertops, modern kitchens and updated bathrooms. Bright living room featuring a large bay window and open-concept layout. Separate entrance to a finished lower level currently configured as a 4-bedroom suite, offering excellent income potential. Property is currently generating approximately $5,500/month in rental income ($2,300 main floor + $3,200 basement). Conveniently located close to Thomson Park, Scarborough General Hospital, shopping, schools, public transit, Highway 401, and Scarborough Town Centre. Ideal for investors, multi-generational families, or those seeking mortgage-helper income.

Listed by REAL ESTATE HOMEWARD.

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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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