11222 Bayview Avenue

Devonsleigh, Richmond Hill

Open House Oct 5th, 2-5PM
11222 Bayview Avenue, Devonsleigh, Richmond Hill

$2,999,999

Bedrooms: 4

Bathrooms: 4

Living Area: 3,500 sqft

Price Per Sqft: $857.14

About this Detached

in Devonsleigh, Richmond Hill

Spectacular development opportunity in Richmond Hill @ Bayview/Elgin Mills. Attention Investors Builders DO NOT miss out on this RARE opportunity! 1.524 Acre corner lot fronting on Bayview with 2 separate driveways and beautiful existing 4-bedroom home with In-Law Suite Capacity. LOT SIZE: 190.03 x 362.7 This prime location offers the potential to sever 3 additional building lots while keeping the existing home. Zoned for Medical Clinic - School - Daycare - Home Occupation - Place of Worship. This 3400+ sq foot home boasts 4 bedrooms, 4 bathrooms, 10 parking spots, detached garage, circular driveway, and finished basement. Perfect for a large family with In-Law Suite Capacity.This established neighbourhood is comprised of subdivisions and is perfect for future growth. Close to schools (York Region's TOP Ranking Schools) , shopping centres and parks. With major highway (404) minutes away and public transit (bus stop directly across the street- metres from property). BONUS: Property has a paved Circular Driveway with an entrance/exit from Bayview Avenue and another from Subrisco Avenue. Possible Vendor Take Back Mortgage (VTB) Available - terms to be agreed upon.

Listed by RE/MAX WEST 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

     
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* This material is for informational purposes only.

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