53 Twenty Fourth Street

Long Branch, Toronto

53 Twenty Fourth Street, Long Branch, Toronto

$789,000

Bedrooms: 4

Bathrooms: 2

Living Area: 700 sqft

Price Per Sqft: $1,127.14

About this Detached

in Long Branch, Toronto

Welcome to 53 Twenty Fourth Street, a versatile property tucked away in a quiet pocket of Long Branch on a deep and private 25ft x 129 ft lot. Offering flexibility for investors, first-time buyers, multi-generational families, or end-users looking to offset their carrying costs with rental income, this property presents an exciting opportunity in one of South Etobicoke's most desirable lakeside communities.The home currently features two self-contained living spaces with separate entrances. The front unit offers 2 bedrooms, 1 bathroom and a full kitchen, while the rear unit, accessed from the backyard, features 1 bedroom, 1 bathroom and its own kitchen.Live in one unit while generating rental income from the other, accommodate extended family, or explore the property's future income-producing potential. The generous lot may offer opportunities to create additional living space or units, including potential for a garden suite, subject to applicable zoning, permits, municipal approvals and buyer due diligence.Set in a family-friendly neighbourhood known for its charm, character and strong sense of community, the property is within walking distance of shops, schools, restaurants, parks, Lake Ontario, beaches and public transit, with convenient access in and out of the city.A unique opportunity combining location, flexibility, rental potential and long-term possibilities in the heart of Long Branch.

Listed by RE/MAX REALTRON 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

     
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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