435 Mortimer Avenue

East York, Toronto

435 Mortimer Avenue, East York, Toronto

$1,395,000


Bedrooms: 2

Bathrooms: 3

Living Area: 1,100 sqft

Price Per Sqft: $1,268.18


About this Duplex

in East York, Toronto

Not your standard income property! We are talking high end finishes no details or space has been overlooked. Welcome to 435 Mortimer Avenue, an income property in Toronto's Danforth Village-East York neighbourhood. Registered as a duplex with a basement apartment, the home currently offers three self-contained living spaces, each with its own kitchen, four-piece bathroom, and laundry. Every level has been thoughtfully laid out to make the most of its space, creating comfortable, independent homes well suited to city living.The main-floor one-bedroom suite features hardwood floors, a separate living room, and an updated eat-in kitchen. Upstairs, the bachelor-style suite offers hardwood floors and access to a beautiful private large patio/balcony, along with a new washer and dryer. The lower-level one-bedroom apartment has an open kitchen and living area, a separate bedroom, and its own laundry.Fully tenanted with an established rent roll, this is a compelling opportunity for an investor. The existing tenants willing to stay, offering continuity for a buyer looking to maintain the property's current rental use. The flexible layout may also appeal to multigenerational families or first-time buyers interested in exploring the possibility of living in one space while rental income from the others helps with ownership costs. Its East York location offers a residential setting with convenient access to downtown Toronto. Included in the sale are three fridges, three stoves, three washers and dryers, existing light fixtures, window coverings, and an owned on demand hot water heater. With independent entries and amenities on every level and income already in place, 435 Mortimer offers both immediate appeal and options for the future uses. Don't miss the exceptional opportunity that doesnt come along often. Roof - 2016, Air Conditioning - 2018, Owned tankless water heater - 2023.

Listed by RE/MAX ALL-STARS REALTY 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


     
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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