118 Mackay Avenue

Davenport, Toronto

Open House Jun 11th, 4-6PM
118 Mackay Avenue, Davenport, Toronto

$1,049,880


Bedrooms: 3

Bathrooms: 3

Living Area: 1,100 sqft

Price Per Sqft: $954.44


About this Semi-Detached

in Davenport, Toronto

Welcome to 118 Mackay Ave, a turnkey semi-detached masterpiece in the heart of warm and vibrant Corso Italia. From the moment you arrive, the charming front porch invites you in. Step inside and feel the warmth immediately. Sun-filled open-concept principal rooms flow from living to dining, finished with imported European hardwood throughout. The convenient main floor powder room adds practicality busy families appreciate. The stunning kitchen features Caesarstone counters, high-end appliances, lots of storage and a walkout to your private fenced yard where family memories are waiting to be made. Upstairs discover three light-filled bedrooms with custom closets, a peaceful family retreat at the end of every day.The fully underpinned basement impresses with soaring ceilings and gorgeous finishes. Use it as a luxurious family living extension or a completely turnkey income suite with separate entrance, full kitchen, and private laundry. Move in and earn from day one. The convenient laneway presents an incredible opportunity to develop a laneway suite, adding unmatched long term value in one of Toronto's most in-demand neighbourhoods.Two car parking, two laundry areas, top-rated schools, incredible restaurants, cafes, shops, parks, and TTC all steps away. MUST SEE it is truly turnkey. Your family's next chapter starts here.

Listed by RARE REAL ESTATE.


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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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