2 Ellins Avenue
Smythe, Toronto
$859,900
Bedrooms: 2
Bathrooms: 2
Living Area: 700 sqft
Price Per Sqft: $1,228.43
About this Detached
in Smythe, Toronto
Opportunity knocks at 2 Ellins Ave! This solid 2+3 bedroom detached bungalow presents an excellent opportunity for investors, end-users and multi-generational families seeking flexibility, income potential and future upside. The functional layout features 2 bedrooms on the main level and 3 additional bedrooms in the finished lower level. A separate rear entrance from the kitchen provides direct access to a covered deck & a spacious backyard perfectly suited for outdoor enjoyment. The home offers 2 separate entrances, 2 kitchens and a 4-piece bathroom on both the main and lower levels. A rare parking configuration includes a large detached garage with private driveway access from Jane Street, plus a second driveway directly off Ellins Ave. with an active City of Toronto Front-Yard Parking Permit at $374.18/year.A recent updated survey and conceptual plans for a proposed 4-unit residential property are available, highlighting the property's strong potential for conversion to a 4-plex, together with the possibility of a garden suite, subject to applicable municipal approvals. Located close to Bloor West Village, The Junction, Stock Yards Village, TTC, Jane Station, schools, parks, golf, shopping and restaurants.
Listed by FOREST HILL REAL ESTATE INC..
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LAND TRANSFER TAX CALCULATOR
| Purchase Price | |
| First-Time Home Buyer |
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| 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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