207 - 20 Orchid Place Drive

Malvern, Toronto

207 - 20 Orchid Place Drive, Malvern, Toronto

$358,800


Bedrooms: 1

Bathrooms: 1

Living Area: 600 sqft

Price Per Sqft: $598.00


About this Condo

in Malvern, Toronto

Welcome to 20 Orchid Place Dr #207, Toronto! This beautifully maintained condo is located in one of Scarborough's most sought-after communities, offering the perfect blend of comfort, convenience, and modern living. Since the original purchase, the owner has thoughtfully upgraded the bathroom with new floor tiles, a new shower head, and a new bathtub faucet. The bright, open-concept layout features high ceilings, an abundance of natural light, and a spacious design that is ideal for everyday living. Residents enjoy an impressive selection of building amenities, including an indoor gym, yoga room, recreation room, rentable BBQ stations, a community garden, and one bike locker, with additional bike lockers available through property management. A parking spot can be rented within the same building for approximately CAD $100 per month. Ideally situated with easy access to Highway 401, this condo is minutes drive to Scarborough Town Centre and is conveniently located near public transit, Centennial College, the University of Toronto Scarborough campus, schools, parks, grocery stores, banks, restaurants, and a wide variety of shops and everyday amenities. The upcoming Sheppard-McCowan TTC Station will further enhance connectivity, making commuting even more convenient. Outdoor enthusiasts will also appreciate being close to Burrows Hall Park, Burrows Hall Library, and the Burrows Hall Community Centre. Whether you're a first-time home buyer, downsizer, or investor, this exceptional condo offers outstanding value in a prime Scarborough location.

Listed by CENTURY 21 LEADING EDGE 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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