2 1/2 Storey Home For Sale in Toronto, Ontario - 150 Lee Avenue

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2 1/2 Storey Home For Sale

Beach Home Estate Sale

150 Lee Avenue , Toronto, ON, M4E2P3
Owner`s Description
If you got the fever for buying a home in the beach, you have already discovered that many of the prices have sailed through the $800,000 range and up for homes which have been completely renovated.

So why is this house only $680,0000.00 ?

This home has been in the Young family for a generation and much like the beloved Velveteen Rabbit, keeping it in its original condition preserved many cherished memories for the last steward of 150 Lee Avenue.

If you can accept the homes age and condition and no on site-parking,there are some underlying benefits for this diamond in the rough that may trigger multiple offers.

Many houses in this area get a quick remodel that you have to pay for. Typically, consisting of builder grade upgrades and appliances complimented by neutral color schemes which is duplicated in every model throughout the city.Then the house goes on the market for $800,000 or more.

The buyer for this home is the person who does not want to pay for an investors upgrade only to have to tear it out and start over to create their own unique signature space.

If you have an eye for design and a budget of $75,000.00 or more for renovations, the majority esthetic, the plumbing and electric was recently brought up to code.Another hidden treasure is the original oak wood flooring beneath the carpeting.

Dont miss this! Remember, the price is just $680,000.00.

This is your opportunity to own a home in one of the most vibrant artistic neighborhoods Toronto has to offer, with some of the most interesting fun loving neighbors you could ever hope to meet on your street.

With approx.1950 sq.ft. of interior living space,This semi 2 Storey home has 3 floors consisting of 9 rooms plus basement, 5 which can be used as bedrooms. 3 are located on the second floor. One room has its own vanity with a sink which adjacent a full bath and shower,The third floor has a large master bedroom and a smaller room which makes a perfect artist retreat. The main floor has 2 formal rooms with the kitchen located in the rear of the home and a 1/2 bath. You will love the large big picture window which captures a breeze throughout the home.

Conveniently located just 1/2 block off Queen where parking is a premium. No need for a car here with everything at your fingertips or just a street car away.

Many of the beachs iconic symbols such as The Luety , Kew Beach and the Boardwalk are woven within an electic mix of hip cafes and coffee houses serving their daily brew and gourmet sandwiches are walking distance from this home

If you love spending a Saturday exploring, Queen offers a wide variety salvage shops, chic furniture stores, and unique gift and clothing boutiques.

With Foodland conveniently located on the corner of Queen and Lee, whipping up a gourmet meal and last minute get togethers a snap with access to some of best fresh produce, freshly baked bread and delicious pastries and cakes.

Living at the Beach
Can you image a better way to start your day and end your day with over 20 acres of dedicated green space against a vibrant backdrop of water just outside your door?

No matter what you passion, Kew Gardens offers a wide variety of recreational activities and access to some of the best cultural events from Sheaksphere in the Park to my personal favorite, the Jazz Festival, a 10 day street Festival without the hassle of ever having to get into your car and look for parking.

Looking to Paint the Town ! Hop on the streetcar or a call for a cab, you are downtown 20 minutes to world class dining and shopping and theatre.

If you are comfortable with the $680,000.00 price. Call today to schedule an appointment for the upcoming showing dates below. One of the beneficiaries is a licensed Florida real estate agent and represented by a beach solicitor.

Serious inquires only please, this is not a casual asking price,recently appraised at $680,000.00. This home is being sold as is and is not listed yet on the MLS.

Showing Dates: March 9,March 10,March 16,March 17

Property Features
Fridge, Microwave, Stove, Washer
Floor Covering:
Carpet, Hardwood
Bath and shower, Separate Toilet, Powder Room and Shower in Basement
External Facing:
Driveway Details:
North West
Location Details:
Close to All Services, Golf, Lake/Pond/River, Near Park, Near Schools, Public Transportation, Recreational/Community center, Kew Beach and Kew Gardens
Property Costs
Property Taxes:
$5,239 / year
Location Map
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 Tamina Aratari

(941) 286-9647
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Listing Owner
 Tamina Aratari

(941) 286-9647
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Property Summary
Property ID:  10748
Property Cat:  2 1/2 Storey Home
Property Type:  Homes
Beds:  5
Baths:  2
Size:  1,950 sq. ft
Lot Dimensions:  19.25 x 102
Year of Construction: 1918

Property Tax Calculation

"The Land Transfer Tax in Toronto, Ontario based on the selling price of $680,000.00 is $19,400.00 and the annual property tax based on Assessment value of $680,000.00 is $5,392.00."

* The land transfer tax formula for Ontario

$0 to $55,000.00 - land transfer tax is 0.5% plus $55,000.00 to $250,000.00 - land transfer tax is 1.0%  plus $250,000.00 to $400,000.00 - land transfer tax is 1.5% plus $400,000.00 and up - land transfer tax is 2.0%


* The land transfer tax formula for Toronto, ON

$0 to $55,000.00 - land transfer tax is 0.5%  plus $55,000.01 to $400,000.00 - land transfer tax is 1.0%  plus $400,000.00 and up - land transfer tax is 2.0%

The annual property tax for Toronto ON

Assessment Value of $680,000.00

Total Tax is: $5,392.00*
$1,571.00 goes to Education
$3,821.00 goes to the City

The total property tax is divided between city tax and education tax. A portion of this tax goes to fund the Province's Education system.

For 2011 the municipal tax rate is 0.5619218%.
For 2011 the education tax rate is 0.231000%.
The total tax rate for 2011 is 0.7929218%.

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