230 Garafraxa Street, West Grey, ON
Property Highlights
Welcome to this remarkable 2-Storey fourplex located in the coveted neighborhood of West Grey. Expertly crafted featuring premium brick construction, this residence presents an exceptional opportunity offered at $749,000 to acquire a beautiful home in a highly sought-after setting. Designed for both comfortable daily living and elegant entertaining, the layout maximizes natural light, functional flow, and lifestyle utility.
- 8 Bedrooms and 6 Bathrooms with 4 functional kitchens
- Generous living space spanning 5000 + sqft on a premium 102.73 x 165 ft lot
- Features a separate entrance, full, walk-out, finished basement, adding superb versatility for recreation, a home gym, or extra storage
- 7.0 total parking spaces available
- Notable attributes: Other
- Efficient radiant heating via gas
Description
4 plex in Durham, ON with incredible income potential. 10% cap rate based on projected rental rates. The largest unity was owner occupied and features a nicely updated kitchen, soaring ceilings and fireplace as focal point. This unit is 2 bedrooms, 2.5 baths, as well as a laundry room. Lower level apartment is a full walkout with 2 bedrooms, 1 bathroom, kitchen, dining, living and laundry. Main level front unit features 2 bedrooms, 1 bathroom, laundry, kitchen and living room. Second level apartment is 2 bedrooms, 1 bathroom, laundry, kitchen, dining and living room. All units are separately metered for hydro. Hot water and hot water heat throughout is fired by natural gas boiler (2012). Units are vacant, set your own rents. Lots of parking available, 2 driveways. There is an attached workshop and mechanical area 9'6x25'. Nice outdoor space including retaining walls, deck and patio areas. Good location in Durham within walking distance to parks and shopping.
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Pricing & Value Insights
Data-driven valuation for 230 Garafraxa Street N, West Grey, ON N0G 1R0
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About Purchasing a Home in West Grey, ON
For a property listed at $749,000 in West Grey, the legal minimum down payment is $49,900 under current Canadian banking regulations. This calculation applies a 5% requirement on the first $500,000, 10% on the next $499,999, and a flat 20% on any amount exceeding $1,000,000.
Additionally, buyers in Ontario must budget for the Provincial Land Transfer Tax, which is estimated at $11,455 for this transaction. As this listing is in West Grey (outside the City of Toronto), no additional municipal land transfer tax is levied, resulting in total estimated land transfer taxes of $11,455.
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