81 Meadowcliffe Drive
Cliffcrest, Toronto
$499,000
Bedrooms: 0
Bathrooms: 0
About this Land
in Cliffcrest, Toronto
Trophy estate by the bluffs with an existing guest house, stunning views of Lake Ontario, and a lower lot with potential for severing and developing a multi-unit residence. Generational opportunity to own over an acre of land perched at the edge of the escarpment. Whether it's bringing your dream property to life with the utmost level of privacy, or having the potential in severing the lot to accommodate for multiple units, and creating a truly one of a kind multifamily investment buildout, finding a property of this size with elevated views of lake Ontario is a golden chance that rarely becomes available. Existing guest house can be customized to your liking with the already established footprint. Hydro & gas service are in place. Property is being sold in "as is, where is" condition.
Listed by RARE REAL ESTATE.
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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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| * This material is for informational purposes only. | |||
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