Condominium For Sale

$199,000

1001 Bay Street 2613, Toronto, ON, M5S 3A6

Owner`s Description

Just blocks away from bustling Bloor Street, this fabulous reknowned building has all the amenities that a 5 star condo has including 24 hour concierge and visitor`s parking. The suite boasts a wonderful panoramic view of the city from a high floor. Its been used as a 2nd home and is ideal for single and especially students. New broadloom, new blinds and new fridge. Furniture can be included to make your moving in easier.

Property Features

Appliances: Built-in dishwasher, Built-in Oven, Dryer, Fridge, Microwave, Stove, Washer, new fridge	Floor Covering: Carpet
Basement: None	Bathroom: Bath and shower, Bath Tub
External Facing: None	Garage: building includes visitors parking
Driveway Details: None	Exposure: South
Location Details: Close to All Services, Panoramic View, right next door to sutton place hotel, steps away from subway, blocks away from yonge and bloor

Property Costs

Property Taxes:
$1,400 / year

Location Map

Map		Neighborhood Information		Street View

Property Summary
Property ID:	1386
Property Cat:	Condominium
Property Type:	Condos
Beds:	1
Baths:	1
Size:	500 sq. ft

Property Tax Calculation

"The Land Transfer Tax in Toronto, Ontario based on the selling price of $199,000.00 is $3,430.00 and the annual property tax based on Assessment value of $199,000.00 is $1,578.00."

* 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 $199,000.00

Total Tax is: $1,578.00*
$460.00 goes to Education
$1,118.00 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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