414 Melrose Street
Mimico, Toronto
$699,999
Bedrooms: 2
Bathrooms: 2
Living Area: 700 sqft
Price Per Sqft: $1,000.00
About this Detached
in Mimico, Toronto
Attention builders, investors, renovators, and end users. This is an exceptional opportunity in the highly sought-after community of Mimico. This two-bedroom bungalow is being sold as-is and offers outstanding potential to renovate, rebuild, or invest in one of Etobicoke's most desirable lakeside neighbourhoods. Situated on a generous 40 x 120-foot lot, the property presents a rare land-value opportunity with endless possibilities. A side entrance and separate access provide excellent potential for an income-generating suite or future rental opportunities. This home offers an unbeatable lifestyle just steps from Humber Bay Shores and the waterfront. The location provides convenient access to top-rated schools, Sherway Gardens, Mimico GO Station, TTC transit, local shops, restaurants, cafés, and the beloved SanRemo Bakery. Commuting is effortless, with quick access to downtown Toronto by car, GO Transit, or TTC, making this an ideal location for both families and professionals. Whether you're looking to build your dream home, complete a renovation project, or secure a valuable investment property, this represents a rare opportunity to unlock the full potential of a prime Mimico property. Enjoy the best of south Etobicoke with parks, lakeside trails, transit, shopping, dining, and everyday amenities all within easy reach.
Listed by RE/MAX PROFESSIONALS INC..
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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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