360 Melrose Street

Mimico, Toronto

Open House Jul 19th, 11AM-1PM
360 Melrose Street, Mimico, Toronto

$1,899,000

Bedrooms: 4

Bathrooms: 2

Living Area: 1,500 sqft

Price Per Sqft: $1,266.00

About this Detached

in Mimico, Toronto

Rare Permit-Issued Two-Home Development Opportunity - 360 Melrose A & B. Listing Price Is For The Full Two-Lot Package; Seller May Also Consider Selling Each Lot Individually. Attention Builders, Investors, And End Users. Severance Approved For Two 25 Ft X 125 Ft Lots With City-Assigned Addresses 360 Melrose A And 360 Melrose B. Building Permits Issued For Two Architecturally Distinct Modern/Contemporary Detached Homes Designed By The Renowned Contempo Studios. Each Home Has Its Own Unique Layout, Character, And Street Presence, Offering Over 2,100 Sq. Ft. Above Grade And Over 2,950 Sq. Ft. Including Basement. All Architectural Drawings, Working Drawings, And Construction Drawings Have Been Completed And Paid For. Permission To Remove Trees Has Been Granted. Buyer Can Start Construction Right Away With The Major Planning, Design, Severance, Tree, And Permit Work Already Completed. Existing Detached 4-Bedroom Bungalow With Basement Offers Flexibility To Build A Shovel-Ready Project Now Or Hold And Build Later. Ideal For Builders, Investors, Or End Users Looking To Build Two Custom Homes, Build One And Sell One, Create Side-By-Side Family Residences, Purchase One Lot Individually, Or Hire The Seller To Build. Located On A Quiet Interior Street In A Convenient Etobicoke Pocket, Minutes To Mimico, The Queensway, Sherway Gardens, Major Highways, Parks, Schools, Transit, And Everyday Amenities. Seller Is An HCRA/Tarion Licensed Builder And Can Build For The Purchaser.

Listed by REALTY ONE GROUP FLAGSHIP.

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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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