500 St. Clair Avenue West

High Rise Condominium For Sale

From $260,000

500 St. Clair Avenue West , Toronto, ON, M5R 3E9

Condo Description

500 St. Clair Avenue West is a high rise residential condo development project that is located on the NW corner of Bathurst and St Clair. With this area currently undergoing a revitalization 500 St. Clair Avenue West is at the vanguard and embodies the city of Torontos new plan to bring a higher density of construction and new urban dynamic to this mid town neighborhood.

The architecture for 500 St. Clair Avenue West marks a complete change of course for this location with the residential tower sitting on top of a 3 storey podium that will be finished using granite and limestone with patterned precast and stainless steel accents.

The residential tower will be 23 total storeys containing 172 residential condominium suites. At the base of the tower in the podium complex a mix of commercial and retail units will be added fronting St Clair Ave. Starbucks and TD Canada Trust are two of the tenants. The third floor of the podium will house a private outdoor amenity which can be utilized by the residents of the condo tower. 500 St. Clair Avenue West is changing the face of mid town Toronto.

Property Features

Amenities: Sauna, Security 24/7, Reacreation, entertainment and fitness private club, indoor and outdoor whirlpool, large terrace, guest suites, billiards room	Appliances: Stainless steel appliances, Appliance package includes choice of black or white frost free refrigerator, self cleaning range, microwave oven with built-in hood fan and multi-cycle dishwasher
Floor Covering: Carpet, Ceramic, Hardwood, Laminate, Choice of marble tile, honed limestone tile, slate tile or ceramic flooring in master ensuite	Location Details: Close to All Services, Public Transportation, TD Bank

Building/Unit Information

Project Name: 500 St. Clair Avenue West	Total Units: 166
Total Floors: 23	Unit Types: 1 bed, 1 bed + den, 2 bed, 2 bed + den
Unit Sizes: 568 - 1,295 sq. ft	Units Per Floor: 9

Location Map

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Property Summary
Property ID:	9291
Property Cat:	High Rise Condominium
Property Type:	Condos
Ceiling Height:	9 ft.
Year of Construction:	2011

Property Tax Calculation

"The Land Transfer Tax in Toronto, Ontario based on the selling price of $260,000.00 is $4,700.00 and the annual property tax based on Assessment value of $260,000.00 is $2,062.00."

* 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 $260,000.00

Total Tax is: $2,062.00*
$601.00 goes to Education
$1,461.00 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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