500 Caledonia Road

Fairbank, Toronto

500 Caledonia Road, Fairbank, Toronto

$1,100,000


Bedrooms: 3

Bathrooms: 3

Living Area: 1,500 sqft

Price Per Sqft: $733.33


About this Detached

in Fairbank, Toronto

Turnkey Investment Opportunity! Detached property situated on a large lot, featuring a private drive. This income-producing property offers a total of three self-contained units, each with its own kitchen and separate entrance - one in the basement, one on the main floor, and one on the second floor. Ideal for investors seeking strong rental income and long-term value. Alternatively, the home can be converted back into a spacious single-family residence and enjoyed in a highly desirable neighborhood, just steps to Bert Robinson Park and the new Eglinton LRT.

Listed by CENTURY 21 LEADING EDGE REALTY INC..


Photo 0 at 500 Caledonia Road, Fairbank, Toronto

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Photo 1 at 500 Caledonia Road, Fairbank, Toronto

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Photo 3 at 500 Caledonia Road, Fairbank, Toronto

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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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