416 - 185 Legion Road N

Mimico, Toronto

416 - 185 Legion Road N, Mimico, Toronto

$474,000


Bedrooms: 2

Bathrooms: 2

Living Area: 900 sqft

Price Per Sqft: $526.67


About this Condo

in Mimico, Toronto

Spacious 2-bedroom corner suite with breathtaking sunset views, offering an ideal blend of comfort, value, and investment potential. This beautifully updated unit features 900 sq. ft. of bright, open-concept living with floor-to-ceiling windows, fresh paint, and carpet-free flooring throughout for a clean, modern feel. The thoughtfully designed split-bedroom layout provides privacy, while the updated kitchen delivers both style and everyday functionality. Step out onto the west-facing balcony and enjoy stunning, unobstructed sunset views. All utilities are included in the condo fees, covering heat, hydro, and water, offering excellent monthly savings and peace of mind. Maintenance also includes parking and locker. Short-term rentals, including Airbnb, are permitted, making this an outstanding opportunity for investors or buyers seeking flexible rental income. The well-managed building offers resort-style amenities, parking included, and an unbeatable location with easy access to TTC, major highways including the QEW, shopping, dining, High Park, scenic trails, and the lakefront, all just a short walk away. Whether you're looking for a stylish place to call home or a smart investment in a prime location, this suite truly checks all the boxes. A second parking spot is also available for $50,000.House upgrades include: freshly painted throughout, all brand-new lights, brand-new scratch-resistant flooring, brand-new countertops, renovated washrooms, and updated appliances under 5 years old.

Listed by RE/MAX OPTIMUM REALTY.


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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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