Loft Condo For Sale

Royal Lepage Real Estate

$399,000

747 Queen St E 404, Toronto, ON, M4M

Owner`s Description

Riverside LOFTS - Situated in the brunch capital of Toronto on Queen E. Riverside, the neighbourhood has transformed tremendously over the past year, infact the Neighbourhood was recently voted by Toronto Life Magazine as a Top Spot to invest. The Riverside LOFTS offer fantastic layouts, all units have balconies. There are only 8 Parking spots but the TTC stops at your door step. All the lofts sold during the pre-construction phase in 2006.

Property Costs

Property Taxes:
$2,500 / year

Location Map

Map		Neighborhood Information		Street View

Property Summary
Property ID:	2382
Property Cat:	Loft Condo
Property Type:	Condos
Beds:	1
Baths:	1
Size:	784 sq. ft

Property Tax Calculation

"The Land Transfer Tax in Toronto, Ontario based on the selling price of $399,000.00 is $8,175.00 and the annual property tax based on Assessment value of $399,000.00 is $3,164.00."

* 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 $399,000.00

Total Tax is: $3,164.00*
$922.00 goes to Education
$2,242.00 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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