4 Larchmere Avenue
Humber Summit, Toronto
$988,800
Bedrooms: 2
Bathrooms: 3
Living Area: 700 sqft
Price Per Sqft: $1,412.57
About this Detached
in Humber Summit, Toronto
Located at 4 Larchmere Avenue in Toronto's desirable Humber Summit neighbourhood, this detached corner property presents a rare and flexible opportunity for investors or end-users seeking built-in rental income. Minutes from Islington Ave & Steeles Ave West for TTC bus routes, Hwy 400, Hwy 407, Hwy 427. 15 minute drive to York University and Subway access. The home sits on an expansive 70ft by 100ft lot in a quiet family-oriented area close to schools, parks, shopping, restaurants, places of worship and everyday amenities. Extra long driveway! Fully renovated, turn-key home with newer appliances. Separate entrance to self-contained basement apartment for in-law suite or rental income. Potential to build your own custom dream home on the extra-wide lot. The main level features a bright 2-bedroom, 2-bath layout with a generous primary bedroom complete with a 2-piece ensuite. The corner lot location provides oversized front and side yard areas, perfect for outdoor entertaining and enhancing overall curb appeal. The lower level offers a separate 2-bedroom, 1-bath unit with its own private rear entrance, updated finishes and newer appliances. Extra long driveway leading to separate garage. With a large backyard, excellent transit access and strong demand in the area for rental housing, this property represents a turnkey investment with future upside in one of Toronto's consistently sought-after pockets.
Listed by RE/MAX EXPERTS.
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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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