Apartment For Sale

$284,000

1001 Bay St , Toronto, ON, M5S 3A6

Owner`s Description

Bright and Beautiful 1+1 in a superbly managed and maintained Condo building. Unbeatable location and View.

Location: Bay & Bloor area. 1 block from Queen`s Park, University of Toronto, Wellesley subway & Yonge street. Three blocks from Royal Ontario Museum, Bloor street, Yorkville. 3 movie theatres within 2-3 minute walk (Varsity, Carlton, Cumberland). Stores, shops, restaurants, LCBO, HMV, Future Shop, Rogers Video at your fingertips. 2 minute drive from University Ave Hospitals. Corner St Joseph, a quiet residential street.

Unit: High up on 13th floor, Very bright 1 bedroom, 1 bathroom, 714 sq ft. Converted solarium. Lots of sunlight. Open kitchen concept w/ Breakfast Bar. Indoor parking space and locker included. Free cable TV. Central Air Conditioning/heating, ensuite stacked Washer/Dryer and Dishwasher included. Brand new Stainless Steel Range Oven.

Building amenities & facilities: First Class. 24-hr security and concierge. Fabulous gym, Billiards room, Indoor pool, Jacuzzi, Sauna, Squash court, Basketball court, Rooftop BBQ, Lounge/Party Room, Guest suites, Guest parking.

View: Gorgeous NW view, overlooks University of Toronto, Queen`s Park, Royal Ontario Museum.

Possession Date: August 1st (flexible)

Available for viewing this week. Offers accepted beginning Saturday June 23 at noon. No agents please.

Property Features

Appliances: Ensuite washer/dryer, dishwasher, brand new stainless steel range oven, central aircon/heating	Garage Spaces: 1
Exposure: None	Location Details: Close to All Services, Near Park, Near Schools, Public Transportation, Near Yorkville, Royal Ontario Museum, Movie Theatres

Property Costs

Property Taxes:
$1,876 / year

Location Map

Map		Neighborhood Information		Street View

Property Summary
Property ID:	1382
Property Cat:	Apartment
Property Type:	Condos
Beds:	1
Baths:	1
Size:	714 sq. ft

Property Tax Calculation

"The Land Transfer Tax in Toronto, Ontario based on the selling price of $284,000.00 is $5,300.00 and the annual property tax based on Assessment value of $284,000.00 is $2,252.00."

* 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 $284,000.00

Total Tax is: $2,252.00*
$656.00 goes to Education
$1,596.00 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%.

Related Real Estate