406 - 3050 Ellesmere Road

Morningside, Toronto

406 - 3050 Ellesmere Road, Morningside, Toronto

$399,000


Bedrooms: 2

Bathrooms: 2

Living Area: 1,200 sqft

Price Per Sqft: $332.50


About this Condo

in Morningside, Toronto

Discover an exceptionally large and spacious 2-bedroom, 2-bathroom suite with a bright sunroom - a rare find offering an abundance of living space. Newly upgraded flooring gives the unit a fresh, modern feel, while the generous layout provides plenty of flexibility for comfortable living, working from home, or rental opportunities. One parking space and one locker are included, and hydro is included in the maintenance fees, providing added convenience and value. Ideally located just steps from University of Toronto (Scarborough), Centennial College, and the Pan Am Sports Centre, this property offers excellent potential for rental income and strong appeal to students, faculty, professionals and athletes. Conveniently situated near major highways, transit, shopping, and everyday amenities. A truly rare opportunity for bothinvestors and end-users! The maintenance fee include covers all utilities.

Listed by ROYAL LEPAGE SIGNATURE 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:
Down Payment:
First Mortgage:
CMHC Prem.:
Total Financing:
Monthly P&I:
* This material is for informational purposes only.

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