Bachelor/Studio For Sale
705 King St. W. 1706, Toronto, ON, M5V 2W8
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
Party room, meeting and hobby rooms
Beautiful courtyard with BBQs
Access to grocery store from building
Built-in dishwasher, Fridge, Microwave, Stove
Bath and shower
Highway Access, Near Park, Public Transportation, Close to Waterfront, U of T, Chinatown, Queen Street West, Entertainment and Theatre Districts
||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%
* 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%.