Commercial Triplex For Sale

Legal Triplex

$799,000

1044 Dovercourt Road , Toronto, ON, M6H-2X8

Owner`s Description

Well mantained investement property. Currently legal triplex with basement apartment. Reason for sale, to retire. BSMT appartment - 1 large bedroom, kitchen / living room combo, and full bath. Grd / 1st floor - 2 bedrooms,living room, kitchen, full bath, with walkout rear patio. 2nd floor - 2 1/2 bedrooms with front walkout balcony, kitchen, living room and full bath. 3rd floor - 1 bedroom, large living room, kitchen with full bath. Rear steel fire escape stair ground to 3rd. Shared laundry facility. 4 individual hydro meters.

Property Features

Appliances: None, See notes	Floor Covering: Carpet, Ceramic, Parquet
Basement: Apartment	Bathroom: Bath Tub
External Facing: Brick	Garage: None
Driveway Details: None	Exposure: East
Location Details: Close to All Services, Near Park, Near Schools, Public Transportation, Recreational/Community center

Property Costs

Property Taxes:
$3,700 / year

Location Map

Map		Neighborhood Information		Street View

Name:

Frank Cidade

(416) 717-0505

Phone:

Email:

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Listing Owner

Frank Cidade

(416) 717-0505

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Property Summary
Property ID:	10655
Property Cat:	Commercial Triplex
Property Type:	Commercial
Beds:	6
Baths:	4
Size:	2,800 sq. ft
Lot Dimensions:	3,400
Property Width:	25.00 ft
Property Length:	137.00 ft
Ceiling Height:	8 ft.
Year of Construction:	1910

Property Tax Calculation

"The Land Transfer Tax in Toronto, Ontario based on the selling price of $799,000.00 is $24,160.00 and the annual property tax based on Assessment value of $799,000.00 is $6,335.00."

* 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 $799,000.00

Total Tax is: $6,335.00*
$1,846.00 goes to Education
$4,490.00 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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