Loft Condo For Sale

$319,900

269 Lumsden Ave. , Toronto, ON, M4C 2K9

Owner`s Description

Unique alternative to a condo, no maintenance fees and the advantages of a detached house. Loft style, easy transportation, 10 minutes from Toronto downtown. Solid foundation with concrete block walls on the main floor. Very tasteful finishes. Feature on the Toronto Star on July 07.

Property Features

Floor Covering: Carpet, Ceramic, Hardwood	Basement: Totally Finished, 1 washroom
Bathroom: Bath and shower	External Facing: Concrete, Hardi Panels
Driveway Details: Concrete	Parking Spaces: 1
Exposure: South West	Location Details: Close to All Services, Near Park, Near Schools, Public Transportation, Recreational/Community center

Property Costs

Property Taxes:
$1,200 / year

Location Map

Map		Neighborhood Information		Street View

Property Summary
Property ID:	1783
Property Cat:	Loft Condo
Property Type:	Condos
Beds:	2
Baths:	2
Size:	1,150 sq. ft
Lot Dimensions:	30`x25`

Property Tax Calculation

"The Land Transfer Tax in Toronto, Ontario based on the selling price of $319,900.00 is $6,197.00 and the annual property tax based on Assessment value of $319,900.00 is $2,537.00."

* 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 $319,900.00

Total Tax is: $2,537.00*
$739.00 goes to Education
$1,798.00 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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