154 Fifth Street
New Toronto, Toronto
$1,069,000
Bedrooms: 2
Bathrooms: 2
Living Area: 700 sqft
Price Per Sqft: $1,527.14
About this Detached
in New Toronto, Toronto
Welcome to a rare stunning detached home, ideally located just steps from Toronto's waterfront, offering the perfect combination of lifestyle, location, and exceptional income potential.A Convenient access to the TTC streetcar and GO Transit makes commuting to downtown Toronto.Enjoy lakeside living surrounded by beautiful parks, waterfront trails, excellent schools, public transit, and the shops, restaurants, and amenities along Lake Shore Boulevard all while being just a short drive from downtown Toronto.Inside, the home features a bright and spacious open-concept main floor filled with natural light, with separate living and dining areas perfect for everyday living and entertaining.What truly sets this property apart is its rare oversized lot and incredible income potential.The fully finished basement features a separate side entrance, creating an excellentopportunity for additional rental income while maintaining your own private living space upstairs.The expansive, private, gated backyard offers plenty of room for entertaining and family enjoyment, featuring a large patio, hot tub, retractable swing, shed, and generous green space.With convenient laneway access, an already-poured concrete slab, and hydro hookup along the rear fence line, the property also offers the exciting opportunity for a Garden Suite, creating the potential for an additional living space and another source of income.Whether you're a first-time buyer looking to help offset your mortgage, a family seeking more space, or an investor searching for a property with multiple income possibilities, this home delivers tremendous versatility and long-term potential.Steps from the lake, an oversized lot, a separate-entrance basement, and Garden Suite potential-this is much more than a home; it's an opportunity to live, invest, and grow in Toronto.
Listed by RE/MAX PREMIER 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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