87 Cedar Brae Boulevard SE

Eglinton East, Toronto

87 Cedar Brae Boulevard SE, Eglinton East, Toronto

$1,500,000

Bedrooms: 4

Bathrooms: 2

Living Area: 1,500 sqft

Price Per Sqft: $1,000.00

About this Detached

in Eglinton East, Toronto

***Estate Sale *** A RARE OPPORTUNITY IN ONE OF SCARBOROUGH'S ESTABLISHED POCKETS A rare opportunity to acquire an exceptionally large residential parcel in an established Scarborough neighbourhood.Set among mature trees, established homes and nearby ravines, this nearly half-acre property offers a Muskoka-like sense of privacy and retreat within the city while remaining well connected to Toronto.The existing approximately 1,500 sq. ft. bungalow provides a starting point, but the land is the opportunity. Potential uses may include renovating the existing home, building a custom residence, creating a multigenerational home, or exploring multiplex and longer-term redevelopment opportunities, subject to zoning, approvals and the buyer's independent due diligence. CONNECTED TO THE CITY Approximately a 15-minute walk / 5-minute drive to Eglinton GO StationApproximately 1.7 km to the future McCowan Road Subway StationClose to parks, ravines, schools, shops and TTC serviceEstablished residential setting with mature streetscapes and generous properties

Listed by VALERY REAL ESTATE INC..

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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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Amortization:  
Percent Down:
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CMHC Prem.:
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* This material is for informational purposes only.

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