Hugh has recently been transferred from Ottawa to Toronto for work. He sold his two existing residences in the Ottawa area in July of 2019 in order to purchase a new home in Toronto. The following facts relate to the two residences he sold:

Date purchased Purchased Cost Proceeds Commission Paid

Home November 3, 2006 $95,000 $350,000 $21,000

CottageJune 27, 2002 $15,500 $211,500 $12,000

Calculate the minimum taxable capital gain Hugh will need to report on his 2019 tax return assuming he takes advantage of all available reductions.