705 - 10 Tobermory Drive

Black Creek, Toronto

705 - 10 Tobermory Drive, Black Creek, Toronto

$435,000

Bedrooms: 2

Bathrooms: 1

Living Area: 800 sqft

Price Per Sqft: $543.75

About this Condo

in Black Creek, Toronto

Low property tax! Low all-inclusive maintenance! Whether you are looking for a new move-in-ready unit, or the ideal income-generating property, 705-10 Tobermory Drive is the best of both worlds. Many tasteful updates include new professionally-installed flooring, an open-concept kitchen with large island, quartz counters, clean white cabinetry, built-in microwave with exhaust fan, modern light fixtures, contemporary feature wall, quartz-top bathroom vanity, and many more investments. Updated electrical panel (2023 - fuse to breaker), dedicated in-suite laundry (with additional same-floor common laundry room) and a unit-owned underground parking spot lend practicality and increase rental revenue potential. No car, no problem! This friendly, quiet building is perfectly tucked among scenic walking trails and located right across from a TTC bus stop, just 3 stops from Finch West Station. Enjoy exceptional transit access: only 1 subway stop to York University, 4 stops to Yorkdale Mall, 11 stops to UofT, and 1 stop to newly built Rogers Stadium! With the Finch West LRT set to open this year, Humber College will be just 15 stops away on a direct dedicated transit line. Highway 400 is a quick 7-minute drive, and Humber River Hospital is just 11 minutes away. Within a 15-minute walk you'll find 6 public and Catholic schools, a Toronto Public Library branch right across the street, and every possible essential service nearby: major grocers, pharmacies, restaurants, gyms, banks, and more. This area is in a rapidly developing transit corridor, with major municipal improvements taking place and values braced to increase. The location is ideal for families, professionals, and students alike with multiple universities nearby, making it a solid rental opportunity. Book your viewing today to maximize your investment!

Listed by REAL ESTATE ADVISORS 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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