Bungalow For Sale

$420,000

8 Addington Avenue , Toronto, ON, M2N 2K9

Owner`s Description

Beautiful lot in prime location. Quiet residential street just west of Yonge in lovely Wentworth/Addington neighbourhood with many new and renovated homes.

A 15-minute walk or very short bus ride to Yonge (Sheppard) subway; one bus direct to Dufferin subway; easy access by car to 401 and Allen expressway.

Solid bungalow with 2 bedrooms, renovated bathroom, living room, dining room & family room addition with picture window overlooking backyard. Family room can easily be converted to third bedroom with addition of door.

Side entrance leading directly to unfinished basement. Solid door separating kitchen from side entrance and basement.

Forced air gas and central air. Large shed with garage door. Upgraded electrical, recent shingles and eaves troughs.

Renovate or build your dream home. Ideal investment property.

Property Features

Appliances: Dryer, Fridge, Stove, Washer, freezer	Floor Covering: Hardwood
Basement: Unfinished	Bathroom: Bath and shower
External Facing: Aluminium Siding	Garage: None
Driveway Details: Asphalt	Parking Spaces: 2
Exposure: West	Location Details: Close to All Services, Highway Access, Near Park, Near Schools

Property Costs

Property Taxes:
$3,482 / year

Location Map

Map		Neighborhood Information		Street View

Property Summary
Property ID:	2999
Property Cat:	Bungalow
Property Type:	Homes
Beds:	2
Baths:	1
Lot Dimensions:	46.67` X 135`

Property Tax Calculation

"The Land Transfer Tax in Toronto, Ontario based on the selling price of $420,000.00 is $9,000.00 and the annual property tax based on Assessment value of $420,000.00 is $3,330.00."

* 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 $420,000.00

Total Tax is: $3,330.00*
$970.00 goes to Education
$2,360.00 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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