2 Storey Home For Sale

$559,000

12 Mervyn Ave. , Toronto, ON, M9B 1M6

Owner`s Description

Established Etobicoke neighborhood, Large open main floor, Entirely Renovated to high standard of quality. Exceptionally large Lot (60` x 141.67`). Close to amenities, schools, subway/Go.

Property Features

Appliances: Built-in dishwasher, Dryer, Fridge, Stove	Floor Covering: Hardwood
Basement: Separate Entrance, Totally Finished	Bathroom: Bath and shower, Bath Tub, Jacuzzi, Separate Shower, Two Sinks, Whirlpool
External Facing: Brick	Garage: Attached
Garage Spaces: 1	Driveway Details: Gravel
Parking Spaces: 4	Exposure: South
Location Details: Close to All Services, Highway Access, Near Schools, Public Transportation, Walk to Kipling subway,Go train

Property Costs

Property Taxes:
$3,340 / year

Location Map

Map		Neighborhood Information		Street View

Property Summary
Property ID:	1068
Property Cat:	2 Storey Home
Property Type:	Homes
Beds:	3
Baths:	2
Size:	1,470 sq. ft
Lot Dimensions:	60` x141.67`

Property Tax Calculation

"The Land Transfer Tax in Toronto, Ontario based on the selling price of $559,000.00 is $14,560.00 and the annual property tax based on Assessment value of $559,000.00 is $4,432.00."

* 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 $559,000.00

Total Tax is: $4,432.00*
$1,291.00 goes to Education
$3,141.00 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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