200 Berry Road

Queensway, Toronto

200 Berry Road, Queensway, Toronto

$1,690,000


Bedrooms: 2

Bathrooms: 2

Living Area: 1,100 sqft

Price Per Sqft: $1,536.36


About this Detached

in Queensway, Toronto

An exceptional opportunity for investors, builders, and strategic end-users in the heart of Sunnylea, Etobicoke. 200 Berry Road offers a pathway to create a legal fourplex in a premium neighbourhood with long-term value where low-rise ownership opportunities remain highly desirable and limited, surrounded by schools, parks, transit, river trails, and established residential streets.Having received a zoning certificate for an approved fourplex concept, major planning work has already been completed with four minor variances approved through TLAB after an extensive municipal process.Positioned on a large corner lot with ample natural light, the proposed three-storey design includes four thoughtfully planned residential units, indoor parking, outdoor parking, lockers, and EV charging infrastructure, offering a refined low-rise alternative to traditional condominium living. The property supports multiple long-term strategies including condominiumization allowing to sell each unit separately, building ownership producing income, or co-ownership by family members.The existing home is well maintained and livable, allowing flexibility while building permits progress. A premium opportunity combining approved planning progress, strategic development upside, strong end-user appeal, and long-term value.

Listed by RE/MAX HALLMARK REALTY LTD..


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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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