Apartment For Sale

$223,000

38 Lee Centre Drive , Toronto, ON, M1H 3J7

Owner`s Description

Ellipse condo, approximately 848 square feet. 2 split bedrooms & 2 full bathrooms. Bright & spacious high floor unit with great layout. Panoramic South view. Close to Scarborough Town Centre & Hwy 401. Great facilities: indoor pool, exercise room, billiard room, guest suites. 24 hr security/concierge. INCLUDED: fridge, stove, washer, dryer, built-in dishwasher; 1 parking & 1 locker. BONUS: **WALL-MOUNTED 42" PANASONIC PLAZMA TV IN MASTER BEDROOM INCLUDED!!** Available fully furnished for additional $3000. Move-In ASAP. Maintenance Fees $381/month include all utilities except hydro. Hydro is approx. $50/month. 2007 property taxes are $1715. Identical & similar units listed for $7,000 - $15,000 more on MLS!

Property Features

Appliances: Built-in dishwasher, Dryer, Fridge, Stove, Washer	Floor Covering: Carpet, Laminate
Basement: None	Bathroom: 2 Full Bathrooms
External Facing: Concrete	Garage: Underground
Garage Spaces: 1	Driveway Details: Underground
Parking Spaces: 1	Exposure: South
Location Details: Close to All Services, Highway Access, Panoramic View, Public Transportation, Recreational/Community center, Water View, Shopping Mall Nearby

Property Costs

Property Taxes:
$1,715 / year

Location Map

Map		Neighborhood Information		Street View

Property Summary
Property ID:	2277
Property Cat:	Apartment
Property Type:	Condos
Beds:	2
Baths:	2
Size:	848 sq. ft

Property Tax Calculation

"The Land Transfer Tax in Toronto, Ontario based on the selling price of $223,000.00 is $3,910.00 and the annual property tax based on Assessment value of $223,000.00 is $1,768.00."

* 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 $223,000.00

Total Tax is: $1,768.00*
$515.00 goes to Education
$1,253.00 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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