Bachelor/Studio For Sale

$188,900

705 King St. W. 1706, Toronto, ON, M5V 2W8

Owner`s Description

Spacious bachelor suite located in King Street West Village luxury condo complex `The Summit.` Unit features a completely renovated kitchen with 4 new stainless steel appliances and ceramic tile flooring.

Additional features include:

Wood-burning fireplace and laminate flooring throughout.

Large and bright solarium can fit a double sized bed.

Walk-in closet with plenty of storage space.

Fabulous amenities include:

Indoor and outdoor swimming pools
Gym with treadmills, free weights, etc.
Saunas, steam room and whirlpools
Yoga and Pilates classes
Squash courts
Movie Theatre
Party room, meeting and hobby rooms
Beautiful courtyard with BBQs
24-hour concierge
Access to grocery store from building

Property Features

Appliances: Built-in dishwasher, Fridge, Microwave, Stove	Floor Covering: Ceramic, Laminate
Bathroom: Bath and shower	Exposure: North
Location Details: Highway Access, Near Park, Public Transportation, Close to Waterfront, U of T, Chinatown, Queen Street West, Entertainment and Theatre Districts

Location Map

Map		Neighborhood Information		Street View

Property Summary
Property ID:	3199
Property Cat:	Bachelor/Studio
Property Type:	Condos
Baths:	1
Size:	538 sq. ft

Property Tax Calculation

"The Land Transfer Tax in Toronto, Ontario based on the selling price of $188,900.00 is $3,228.00 and the annual property tax based on Assessment value of $188,900.00 is $1,498.00."

* 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 $188,900.00

Total Tax is: $1,498.00*
$436.00 goes to Education
$1,061.00 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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