1259 Davenport Road
Junction, Toronto
$924,990
Bedrooms: 5
Bathrooms: 2
Living Area: 1,500 sqft
Price Per Sqft: $616.66
About this Townhouse
in Junction, Toronto
A Two-Unit Property Opportunity in Toronto! Investors and house hackers, discover 1259 Davenport Rd, a substantial 3-storey freehold townhome offering over 2,000 sq. ft. of living space and the potential to generate approximately $6,000/month in rental income. This recently updated home features 5+1 bedrooms, 2 kitchens, multiple private decks and two separate basement entrances, creating an ideal setup for investors seeking strong income potential or buyers looking to house hack and significantly reduce their monthly cost of living. Live in one portion while generating rental income from the additional living spaces, or maximize the property's income potential as an investment. The standout feature is the spacious rooftop deck with unobstructed panoramic views of the downtown Toronto skyline and CN Tower. Ideally located just steps from the Geary Avenue revitalization and future Galleria on the Park, with Ossington, St. Clair West and Bloor all nearby, along with an incredible selection of restaurants, bars, breweries, entertainment and transit. A rare opportunity to secure a flexible, high-income property in one of Toronto's most dynamic and rapidly transforming neighbourhoods.
Listed by Rock Star Real Estate Inc., Brokerage.
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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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