134 Millicent Street

Junction, Toronto

134 Millicent Street, Junction, Toronto

$2,850,000

Bedrooms: 6

Bathrooms: 8

Living Area: 700 sqft

Price Per Sqft: $4,071.43

About this Detached

in Junction, Toronto

**Rare Opportunity To Own Two Detached Homes/ Multi-generational Home For The Price Of One** This Is Your Chance To Own Two Single Detached Homes On A Spacious Corner Lot With 2 Laneways **Back House Private & Versatile** The Separate Rear Home Offers Approximately 1,200 Sq. Ft. Of Comfortable Living Space, Ideal For A Single Professional Or Couple Seeking A Vibrant And Enriched Lifestyle. It Is Easily Accessible From Three Entry Points: The Front And Two Convenient Laneways. The Upgraded, Insulated Double Garage Is A Valuable Addition, Adaptable For Multiple Uses, Such As A Home Office, Recreation Room, Hobby Space, Or A Personal Retreat. **Main House Spacious & Multi-Functional** Designed To Accommodate Multiple Families Or Generate Rental Income, This Property Provides Exceptional Flexibility. **Upper Levels** A Spacious Family Home Featuring Four Bedrooms, Including Two With Ensuite Bathrooms, While The Other Two Share A Full 4-Piece Bathroom. A Second Living Room Can Also Function As A Fifth Bedroom. **Main Floor & Basement**: Designed For Multi-Generational Living Or Investment Income, The Main Floor And Basement Can Serve As A Single Unit For A Large Family Or Be Rented Separately. The Basement Has A Private Entrance And Can Be Divided Into Two Rental Units For Additional Income. **Future Expansion Potential** With Government Approval, The Property Offers The Opportunity To Expand Further By Adding An Upper-Floor Solarium And Deck, Enhancing Both Space And Value. Don't Miss This Unique Investment Opportunity A Dual-Home Property With Income Potential And Endless Possibilities - Alarm System & Smoke Detectors Already In Place. Fantastic Investment Options!

Listed by RIGHT AT HOME 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

     
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* This material is for informational purposes only.

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