56 Elma Street

Mimico, Toronto

56 Elma Street, Mimico, Toronto

$2,150,000

Bedrooms: 4

Bathrooms: 5

Living Area: 2,500 sqft

Price Per Sqft: $860.00

About this Detached

in Mimico, Toronto

Welcome to 56 Elma Street, a beautifully designed residence in the heart of South Mimico, one of Toronto's most sought-after lakeside communities. Showcasing modern minimalist design, this four-bedroom home offers sophisticated living spaces, exceptional functionality, and an unbeatable waterfront lifestyle. With natural light throughout the day, the main floor open-concept layout flows seamlessly into a spectacular loft-inspired living room with dramatic ceiling heights and cozy fireplace, creating an inviting gathering space. A sleek designer kitchen with premium appliances, custom cabinetry, and refined finishes serves as the heart of the home. Just as you head to the second level, a few steps above the main level, you'll find a separate family room. Upstairs, four spacious bedrooms provide comfort and privacy for the whole family, including a luxurious primary retreat featuring a 5 pc ensuite and generous closet space. The finished lower level offers valuable additional living space with a walk-out to the backyard, making it ideal for a recreation room, home office, gym, or guest suite. Outside, the private landscaped backyard creates a serene setting for entertaining, relaxing, and enjoying warm summer evenings. Located just moments from the shores of Lake Ontario, South Mimico offers a unique blend of urban convenience and waterfront living. Enjoy scenic trails, parks, marinas, and the vibrant Humber Bay waterfront, while remaining minutes from downtown Toronto via GO Transit, TTC, and the Gardiner Expressway. Excellent schools, local cafés, restaurants, and neighbourhood amenities further enhance the appeal of this exceptional community.

Listed by KELLER WILLIAMS REFERRED URBAN 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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