Park Lake Residences

High Rise Condominium For Sale

From $424,900

1900 Lake Shore Blvd W , Toronto, ON, M6S 1A4

Condo Description

Park Lake Residences is a high rise residential condominium project overlooking Lake Ontario developed by the Pemberton Group one of the top development teams in Toronto. Park Lake Residences will consist of 2 residential towers of 18 and 19 storeys joined by a 4 storey podium.

Park Lake Residences is located along Lakeshore overlooking the water and is a short distance from High Park with easy access to Bloor West Village and downtown Toronto.

Condo suites in Park Lake will range in size from 575 sq ft to 1145 sq ft and will come in 1 bed, 2 bed and 2 bed plus den configurations. Stainless steel kitchen appliances and granite counter tops in the kitchen. Choice of granite, porcelain or pre finished wood flooring for the kitchen and foyer. Living and dining room will have pre finished wood flooring with carpeting in the bedroom. Marble or granite countertops in the bathroom.

The building and suites will feature a keyless entry security system.

Amenities in the Park Lake Residences are almost too many to name but the highlights include a fully landscaped podium garden including outdoor bbq area, exercise room, yoga studio, party room, billiards room and 24 hour concierge services.

Property Features

Amenities: Gym, Community Barbecues, Concierge, Games Room, Garden, and Events Room	Appliances: Built-in dishwasher, Built-in Oven, Dryer, Fridge, Microwave, Stove, Washer
Floor Covering: None, Choice of granite or porcelain tile or pre-finished wood flooring for foyer entrance, Pre-finished wood flooring for living/dining and den	Bathroom: Bath and shower, Bath Tub, Choice of porcelain, ceramic or marble tiles for bathroom floors
Location Details: None, Car Dependent over 1 km- High Park Alternative School Jr,High Park, Restaurants, Bank, SuperMarket

Building/Unit Information

Project Name: Park Lake Residences	Total Floors: 18
Architect: Burka Architects Inc.	Unit Types: 1 bed, 2 bed, 2 bed + den
Unit Sizes: 670 - 1,145 sq. ft

Location Map

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Property Summary
Property ID:	9390
Property Cat:	High Rise Condominium
Property Type:	Condos

Property Tax Calculation

"The Land Transfer Tax in Toronto, Ontario based on the selling price of $424,900.00 is $9,196.00 and the annual property tax based on Assessment value of $424,900.00 is $3,369.00."

* 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 $424,900.00

Total Tax is: $3,369.00*
$982.00 goes to Education
$2,388.00 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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