124 Close Avenue

South Parkdale, Toronto

124 Close Avenue, South Parkdale, Toronto

$1,150,000


Bedrooms: 5

Bathrooms: 3

Living Area: 2,000 sqft

Price Per Sqft: $575.00


About this Duplex

in South Parkdale, Toronto

Not your typical income property-this solid home offers beautiful character, established rental income and exciting possibilities. Whether you're an investor looking for rental income, a multi-generational family or a buyer dreaming of making a character-filled Toronto home your own, 124 Close Avenue offers the charm, generous square footage and versatility to suit a variety of visions.This spacious and beautifully preserved three-storey semi sits on a quiet, one-way street in the heart of South Parkdale, offering approximately 2,500 sq. ft. of living space, beautiful architectural details and a location that's hard to beat. Currently configured with two separate living spaces, including a main-floor bachelor suite and a spacious four-bedroom residence spanning three levels, the property generates excellent income.Think soaring ceilings, original fireplaces, gracious wide hallways and the kind of timeless character you just don't find in newer homes. With approximately $150,000 invested in renovations and improvements, the home's original charm has been thoughtfully preserved while bringing it into the present.And then there's the neighbourhood. Walk to Liberty Village, Roncesvalles, Queen West, grocery stores, coffee shops, great restaurants and some of the city's best local spots. The King and Queen streetcar lines are just steps away, while the waterfront, parks, scenic bike trails and access to the Gardiner Expressway are all just minutes from your doorstep.It's the kind of location that makes everyday living easy, with an appeal that works just as well for homeowners as it does for tenants. A home full of character, established income and possibilities for whatever comes next.

Listed by RE/MAX PROFESSIONALS 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:
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* This material is for informational purposes only.

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