352 Caledonia Road

Fairbank, Toronto

352 Caledonia Road, Fairbank, Toronto

$988,888

Bedrooms: 5

Bathrooms: 6

Living Area: 3,000 sqft

Price Per Sqft: $329.63

About this Detached

in Fairbank, Toronto

Excellent investment opportunity at 352 Caledonia Rd in Toronto, offering a well-maintained 5 unit property with strong existing rental income and additional potential. The property features two spacious 3-bedroom units and two 1-bedroom units, plus a finished basement apartment providing additional contributing value. The two 3-bedroom units have reported rents of $2,550 per month each, all-inclusive. One 1-bedroom unit is currently owner occupied with market rent of approximately $1,800 per month, while the other 1-bedroom unit is rented at $2,000 per month, all-inclusive. Buyers to satisfy themselves regarding its retrofit and legal status.Offering excellent flexibility for investors, multi-generational families, or buyers looking to occupy one unit while benefiting from rental income from the others. Convenient Toronto location with easy access to transit, shopping, schools, parks, major roadways and everyday amenities. A rare opportunity to acquire an income-producing property with multiple units and long-term investment potential.

Listed by CENTURY 21 PERCY FULTON LTD..

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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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