70 Lake Shore Drive
New Toronto, Toronto
$2,480,000
Bedrooms: 3
Bathrooms: 4
Living Area: 2,000 sqft
Price Per Sqft: $1,240.00
About this Detached
in New Toronto, Toronto
Unobstructed lake views. An irreplaceable location. Timeless character. Modern living. Directly across from Cliff Lumsdon Park, this beautifully renovated home blends original charm with modern updates. A stunning second-floor addition features an impressive primary retreat with breathtaking lake views, also enjoyed from the living and dining rooms. Renovated chef's kitchen with separate butler's pantry and main-floor powder room. Finished lower level with rec room, wet bar, separate entrance and in-law potential. Rare private drive and double-car garage. Steps to waterfront parks and trails.Rare opportunity on an impressive 50-ft-wide corner lot offering exciting possibilities for buyers looking to explore alternative housing options. The property's generous frontage and RD zoning provide potential to explore a garden suite and possible lot severance. Existing detached double garage adds further possibilities. Any future development, severance or garden suite is subject to applicable zoning, City approvals and other requirements. Buyer to conduct their own independent due diligence with the City of Toronto regarding their intended use.Some homes can be renovated. A location like this can never be recreated.
Listed by SUTTON GROUP-ADMIRAL REALTY 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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