414 Melrose Street

Mimico, Toronto

414 Melrose Street, Mimico, Toronto

$899,999

Bedrooms: 2

Bathrooms: 2

Living Area: 700 sqft

Price Per Sqft: $1,285.71

About this Detached

in Mimico, Toronto

FANTASTIC LAND VALUE! Built in 1948, this bungalow is in its ORIGINAL condition, presenting a blank canvas for renovation or excellent redevelopment potential on a valuable 40 x 120 ft corner lot. Located in the Heart of South Etobicoke with easy access to QEW, TTC and Mimico GO Station, mere minutes from Sherway Gardens Mall, Lakeshore, Ourland Community Center and local gems like the renowned San Remo Bakery. Walking Distance to Swimming Pools, Skating Rinks, Waterfront Trails, Parks, Schools, Restaurants and Plenty of Cafes. Bonus: The side entrance to the basement offers the potential for rental income or an in-law suite. Single-car garage with potential for expansion above it, creating additional living space or storage. Walk Score: 79, Transit Score: 60, Bike Score: 60.

Listed by EXP REALTY/RE/MAX WEST REALTY INC..

Share

Virtual Tour
Photo 0 at 414 Melrose Street, Mimico, Toronto

Photo 0

Photo 1 at 414 Melrose Street, Mimico, Toronto

Photo 1

Photo 2 at 414 Melrose Street, Mimico, Toronto

Photo 2

Photo 3 at 414 Melrose Street, Mimico, Toronto

Photo 3

Photo 4 at 414 Melrose Street, Mimico, Toronto

Photo 4

Photo 5 at 414 Melrose Street, Mimico, Toronto

Photo 5

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.

Request A Showing Or Find Out More 

Have a question or interested in this property? Send us a message!

inquire