Apartment For Sale

Peter Street Condos 1 Bedroom Assignment Sale

$310,000

338 Adelaide St W 505, Toronto, ON, M5V1R4

Owner`s Description

1 Bedroom condo with 483 square feet in a nice and square layout allowing maximum use of space. This unit is on the 5th floor (#505) of this popular 40 storey residential condominium located at the northeast corner of Adelaide Street West and Peter Street in downtown Toronto. Occupancy is scheduled for late 2014. Featuring 9 foot ceilings, floor to celing windows, smooth ceilings, engineers wood floorings, Cecconi Simone Kitchen with Energy Star Appliances. Amenities include state of the art fitness equipments with Spinning room and Yoga Studio, guest suite, theatre room, Lounge Area and Dinning/Party room with server Kitchen.

Property Features

Appliances: Built-in dishwasher, Built-in Oven, Dryer, Fridge, Stove, Washer	Floor Covering: Laminate
Basement: None	Bathroom: Bath Tub, Separate Toilet

Location Map

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Name:

Betty Makis

(416) 898-6470

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Listing Owner

Betty Makis

(416) 898-6470

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Property Summary
Property ID:	10274
Property Cat:	Apartment
Property Type:	Condos
Beds:	1
Baths:	1
Size:	580 sq. ft
Ceiling Height:	9 ft.

Property Tax Calculation

"The Land Transfer Tax in Toronto, Ontario based on the selling price of $310,000.00 is $5,950.00 and the annual property tax based on Assessment value of $310,000.00 is $2,458.00."

* 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 $310,000.00

Total Tax is: $2,458.00*
$716.00 goes to Education
$1,742.00 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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