9 East Road
Cliffside, Toronto
$999,900
Bedrooms: 4
Bathrooms: 3
Living Area: 1,500 sqft
Price Per Sqft: $666.60
About this Detached
in Cliffside, Toronto
Attention Investors, Builders & Developers! A once-in-a-lifetime opportunity to acquire a 50' x 100' double lot in the highly sought-after Birch Cliff neighbourhood. This exceptional property offers incredible development potential in an A+ Toronto location. This property had already been approved for two detached homes, providing a clear development path. Explore the potential for two stunning custom-built residences or alternative multi-unit development opportunities, subject to all applicable approvals.With the potential to achieve up to 3 stories, there may be significant opportunity to maximize the site's development potential. Investors and developers can also explore Toronto's Development Charge Reduction Program (DCRP), which may provide substantial savings on applicable development charges, potentially reducing costs by up to 60%, subject to eligibility and current program requirements. Located in one of Toronto's most desirable east-end communities, steps to schools, restaurants, the coveted Toronto Hunt Club, this rare double lot offers an outstanding combination of land, location, flexibility, and upside. The Existing Home Has 4 Bedrooms and a separate basement apartment with 2 bedrooms, currently fully tenanted. With a huge driveway fitting up to 8 cars. Providing a great tool for carrying costs. A rare development opportunity in Birch Cliff that should not be missed!
Listed by ROYAL LEPAGE VISION REALTY.
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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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