35 Drake Crescent

Cliffcrest, Toronto

35 Drake Crescent, Cliffcrest, Toronto

$2,599,999

Bedrooms: 4

Bathrooms: 5

Living Area: 3,000 sqft

Price Per Sqft: $866.67

About this Detached

in Cliffcrest, Toronto

An exceptional opportunity in the prestigious lakeside community of Cliffcrest, located southof Kingston Road and just minutes from the breathtaking Scarborough Bluffs and scenicwaterfront trails. Nestled in a quiet, highly desirable neighborhood, this magnificent customtwo-story residence sits on a generous, south-facing 50 x 139 ft deep lot, perfectly positionedwithin the highly sought-after R.H. King Academy school boundary and close to Cliffcrest Plazaamenities. Crafted with high-quality finishes and architectural elegance, the home features an exquisitelyfinished, sun-drenched 4+3 bedroom, 5-bathroom layout. Highlights include a gourmet chef'skitchen that opens seamlessly to a light-filled family room, ideal for both everyday living andgrand entertaining. Complete with a double-car garage and an expansive backyard, this residenceoffers an unmatched blend of scale, luxury, and premium location in one of Scarborough's finestcoastal enclaves.

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

     
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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