97 Sixteenth Street

New Toronto, Toronto

97 Sixteenth Street, New Toronto, Toronto

$788,000

Bedrooms: 4

Bathrooms: 1

Living Area: 1,100 sqft

Price Per Sqft: $716.36

About this Detached

in New Toronto, Toronto

Perfect for first-time buyers, this beautifully renovated fully detached home in Toronto's growing lakeside community offers an easy and affordable entry into the market. Featuring two-car front yard parking and a surprisingly spacious layout, the home backs onto green space for exceptional privacy and includes a 12x12 deck with a covered patio-ideal for relaxing or entertaining. Located within walking distance to Kipling TTC, the lake, Humber College, and Colonel Samuel Smith Park, it combines everyday convenience with a vibrant outdoor lifestyle. Recent updates include a modern kitchen, newly painted wall and new furnace making it truly move-in ready. . A large second-floor loft provides flexible storage or closet space. With seller offering VTB (Vendor Take Back Mortgage), this is a rare opportunity to own a detached home with greater financing flexibility.

Listed by BAY STREET GROUP 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

     
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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