Lumiere Condominiums

High-Rise Condo For Sale

From $350,000

770 Bay Street , Toronto, ON, M5G 2J9

Property Features

Amenities: Swimming Pool, 24-hour concierge \| Indoor Pool \| Sun Deck \| Workout Facilities \| Yoga/Aerobics Centre \| Movie Screen Room \| Party Room \| Outdoor Terrace with BBQ \| Guest Suites	Appliances: Built-in dishwasher, Built-in Oven, Dryer, Fridge, Microwave, Stainless steel appliances, Stove, Washer
Floor Covering: Hardwood	Bathroom: Bath and shower, Bath Tub, Porcelain Tile Flooring
Location Details: Close to All Services, Breadalbane Park , College Park , Joseph Sheard Parkette , Mcgill Parkette , and Toronto General Hospital Grounds ,Maclean Hunter Building, Toronto Police Service Headquarters, The Royalton, Toronto General Hospital Parkade, The Penrose, Continental Can Building, Conservatory Tower, 800 Bay Street, Residences of College Park - North Tower, and Residences of College Park - South Tower

Building/Unit Information

Project Name: Lumiere Condominiums	Total Units: 355
Total Floors: 32	Architect: Architects Alliance
Unit Types: 1 bed, 1 bed + den, 2 bed, 2 bed + den	Unit Sizes: 601 - 1,262 sq. ft

Location Map

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Property Summary
Property ID:	8041
Property Cat:	High-Rise Condo
Property Type:	Condos
Ceiling Height:	9 ft.

Property Tax Calculation

"The Land Transfer Tax in Toronto, Ontario based on the selling price of $350,000.00 is $6,950.00 and the annual property tax based on Assessment value of $350,000.00 is $2,775.00."

* 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%

Plus

* 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 $350,000.00

Total Tax is: $2,775.00*
$809.00 goes to Education
$1,967.00 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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