502 Queens Drive
Rustic, Toronto
$1,399,000
Bedrooms: 3
Bathrooms: 2
Living Area: 1,500 sqft
Price Per Sqft: $932.67
About this Detached
in Rustic, Toronto
Newly priced and set on an exceptional 50 x 204 ft lot in the desirable Rustic/Maple Leaf community, 502 Queens Dr offers a rare opportunity w/ outstanding flexibility for end-users, investors, renovators & builders.This solid raised bungalow offers multiple paths forward: live in & update over time, accommodate extended family, explore income potential, renovate as an investment, or build new on a premium deep lot. Property being sold as is.The ground level features a separate entrance, walk-up to the backyard, open-concept layout, renovated kitchen w/ granite counters, backsplash & S/S appliances, 4pc bath, laundry room, large cold room & direct garage access into the kitchen. Bright & functional, this level offers strong potential for multi-generational living or a possible suite.The upper/main floor is accessed by a traditional front staircase and offers a classic family layout with formal living and dining rooms, family room, bright solarium, 3 bedrooms, 5pc bath w/ bidet, & a kitchen w/ S/S appliances and backsplash.The exceptionally deep backyard features mature trees, existing garden areas, gazebo, shed and outdoor sinks, offering a strong foundation to restore, redesign or create a private outdoor retreat. Ceramic tile and hardwood throughout, pot lights, generous room sizes and fantastic curb appeal. Patio enclosure can be removed to utilize 1.5-car garage space. Close to schools, parks, transit, shopping and major highways. A compelling opportunity in an established neighbourhood with lot value, flexibility and long-term upside. All existing window coverings, all electrical light fixtures, lower-level fridge, stove, dishwasher, washer and dryer, and upper-level fridge, stove and dishwasher. All chattels, fixtures and property being sold in as-is condition. Some images include AI visual renderings for illustrative purposes only, intended to help buyers envision the home's potential. Please refer to actual photos and in-person viewings for current condition
Listed by SOTHEBY'S INTERNATIONAL REALTY CANADA.
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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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