95 Bernice Crescent

Smythe, Toronto

95 Bernice Crescent, Smythe, Toronto

$679,000

Bedrooms: 0

Bathrooms: 0

About this Land

in Smythe, Toronto

ATTENTION BUILDERS, INVESTORS & DEVELOPERS! Exceptional opportunity with approved plans and full permits for a purpose-built rental fourplex plus a legal garden suite. The lot has been fully cleared, all existing structures have been demolished and all applicable fees have been paid, making this property ready to build. Start construction right away or explore slight modifications to the original plans prior to building, with consultation available. Design and architectural consulting are included in the purchase price. For a look at the finished concept, 101 Bernice has already been built and is a mirror of this future build, offering a tangible example of the unique design and finished product. Purpose-built rental projects may also qualify for available CMHC programs and incentives, including potential interest rate savings, longer amortization options and HST rebates, subject to eligibility. A rare opportunity to acquire a fully prepared development site with plans, permits and professional support already in place. List of approved and bonded contractors available. Temporary hydro line and pole on sight.

Listed by ROYAL LEPAGE SUPREME REALTY.

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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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