10 Fairbank Avenue
Fairbank, Toronto
$999,900
Bedrooms: 5
Bathrooms: 3
Living Area: 1,500 sqft
Price Per Sqft: $666.60
About this Duplex
in Fairbank, Toronto
Rare detached legal duplex in Midtown Toronto offering exceptional flexibility and income potential. Situated on a 25 x 125 ft lot, The Property Offers 6 Bedrooms, 3 Bathrooms In Total, Plus living areas, Approved architectural plans allow the main house to expand from a legal duplex into a legal 4-unit multiplex, with an additional 2-storey garden suite permitted at the rear. Fire separations, egress requirements and structural notes have already been documented, creating a clear path for redevelopment. Located in the rapidly improving Fairbank neighborhood, just steps to parks, schools, community amenities and the soon-to-open Fairbank LRT Station, with Eglinton West subway access nearby. A unique opportunity offering immediate rental income, long-term growth potential and multiple future-use possibilities.
Listed by RE/MAX WEST REALTY 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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