56 Commonwealth Avenue

Kennedy Park, Toronto

56 Commonwealth Avenue, Kennedy Park, Toronto

$799,000

Bedrooms: 2

Bathrooms: 1

Living Area: 700 sqft

Price Per Sqft: $1,141.43

About this Detached

in Kennedy Park, Toronto

Great Opportunity for Renovators, Investors, and Builders! Situated on a generous 40 x 137.5 ft lot in a convenient location, this 2-bedroom detached bungalow offers excellent potential for renovation, expansion, or redevelopment. Features include a separate side entrance to the basement, a spacious recreation room, workshop, laundry area, a detached garage, and a private driveway with parking for up to 4 cars. Deep backyard with plenty of outdoor space. Walking distance to TTC, Kennedy GO Station, parks, schools, shopping, and other amenities. Great opportunity to invest in a desirable and established neighbourhood. Property being sold in as-is condition.

Listed by REMAX YOUR COMMUNITY 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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