17 Montcalm Avenue
Belgravia, Toronto
$2,499,000
Bedrooms: 8
Bathrooms: 6
Living Area: 2,000 sqft
Price Per Sqft: $1,249.50
About this Duplex
in Belgravia, Toronto
Discover a rare opportunity to own a spacious detached duplex featuring three fully self-contained units in a rapidly growing Toronto neighbourhood. Undergoing new significant new housing developments. Live in one unit and rent the others or maximize your passive income with all units leased. Unit Breakdown: Two 4-bedroom, 2-bath apartments + one 5-bedroom, 2-bath apartment. Separate entrances, emergency exits, coin laundry, pot lighting throughout, meticulously maintained. Generating $16,000+ monthly gross income with $1,500 average monthly expenses. Strong ~7% cap rate reflecting solid returns and growth potential. Suitable for whole apartment rentals, room rentals, or short-term Airbnb leasing. Steps from Caledonia LRT, FreshCo, No Frills, Shoppers, restaurants, shops, schools, and 24-hour TTC access. Ideal for local and international investors seeking a turnkey, high-yield asset in a prime Toronto location with multiple income streams and low maintenance. Potential to build a garden suite; overnight permit parking available. Rent roll, expense details, and survey available upon request.
Listed by CENTURY 21 ATRIA REALTY INC..
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LAND TRANSFER TAX CALCULATOR
| Purchase Price | |
| First-Time Home Buyer |
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| 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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