137 King Edward Avenue

Lumsden, Toronto

137 King Edward Avenue, Lumsden, Toronto

$599,000

Bedrooms: 3

Bathrooms: 0

Living Area: 700 sqft

Price Per Sqft: $855.71

About this Detached

in Lumsden, Toronto

**Welcome to 137 King Edward Avenue!** An exciting opportunity to build your dream custom home on a vacant lot in an amazing and well-established neighborhood. This property is **ready for construction with a city-approved design**, making it an excellent opportunity for builders, investors, or families looking to create a home tailored to their needs. The approved design offers approximately **1,700 sq. ft. of modern living space** with an open-concept layout featuring a spacious living room, family room, and kitchen. The planned home also includes a **separate basement entrance** with a one-bedroom basement unit, offering excellent potential for an in-law suite, extended family, or additional rental income. Situated in a **wonderful community with friendly neighbors**, this property offers exceptional convenience. Enjoy easy access to the **DVP** and be just steps away from **schools, parks, TTC, shops, restaurants, and local farmers' markets**.A rare opportunity to build a modern custom home in a fantastic location. **Bring your vision to life at 137 King Edward Avenue!**

Listed by ROYAL LEPAGE VISION 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:
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First Mortgage:
CMHC Prem.:
Total Financing:
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* This material is for informational purposes only.

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