Commercial Building For Sale

Commercial

$1,500,000

2879 Danforth Ave , Toronto, ON, M4C1M3

Owner`s Description

Two-floor property, on the Danforth Ave. In the residential area, stable customer flow. The first floor was a bar with very good business for more than 10 years. The buyer can open their own business or lease to others. The second floor can be used as an office or any kind of business.

50% downpayment.

Total Usable Area: about 2800 sf.

Property Features

Location Details:
Close to All Services, Conservation area, Public Transportation

Location Map

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Name:

Jane Yu

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Listing Owner

Jane Yu

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Property Summary
Property ID:	10909698
Property Cat:	Commercial Building
Property Type:	Commercial
Size:	2,800 sq. ft

Property Tax Calculation

"The Land Transfer Tax in Toronto, Ontario based on the selling price of $1,500,000.00 is $52,200.00 and the annual property tax based on Assessment value of $1,500,000.00 is $11,894.00."

* 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 $1,500,000.00

Total Tax is: $11,894.00*
$3,465.00 goes to Education
$8,429.00 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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