203 Fairview Avenue

Junction Area, Toronto

203 Fairview Avenue, Junction Area, Toronto

$1,349,000


Bedrooms: 6

Bathrooms: 4

Living Area: 2,500 sqft

Price Per Sqft: $539.60


About this Fourplex

in Junction Area, Toronto

Located on a quiet, tree-lined street in Toronto's highly desirable west end Junction, this well-maintained, 2.5 storey semi-detached home, features four self contained apartments. The spacious main floor apartment, over 900 sq ft, boasts high ceilings, ensuite laundry and a walkout to a back deck and garden. The second floor apartment, equally spacious, offers a cozy gas fireplace, ensuite laundry and a western facing walk-out deck. The third floor apartment looks out onto it's own deck overlooking the tranquil backyard. The basement apartment with ceiling height of over 6'10", has it's own private entrance. The property has laneway access to a large, detached, 2 car concrete block garage. There is exciting potential to build a laneway home in accordance with Toronto city by-laws for additional income. Lanescape Property Report is attached. The property is conveniently located to public transit, desirable schools and trendy Junction shops and restaurants. For avid walkers, cyclists and nature lovers, High Park is a short walk away. With exceptional tenants and immediate cash flow, this property is a great opportunity for investors or an Owner-Operator Landlord. The third floor can be left empty upon closing for the new owner to reside. Financial information is attached. Tenants pay their own hydro. New roof 2014.

Listed by FREEMAN REAL ESTATE 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


     
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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