Commercial For Sale in Toronto, Ontario - 160 Millwood Road
 

Toronto Commercial For Sale By Owner

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Commercial For Sale

$1,495,000
160 Millwood Road , Toronto, ON, M4S 1J7
Owner`s Description
Beautifully maintained 4-Plex with additional luxury basement apartment. Gross revenue $80000/yr. 4 car garage. 1/2 block from Yonge Subway. Always fully rented.

Property Features
Appliances:
Built-in dishwasher, Dryer, Fridge, Stainless steel appliances, Stove, Washer
Floor Covering:
Carpet, Hardwood
Basement:
Apartment, Totally Finished
External Facing:
Brick
Garage:
Detached
Garage Spaces:
4
Driveway Details:
Gravel
Parking Spaces:
4
Exposure:
None
Location Details:
Close to All Services, Near Park, Near Schools, Public Transportation, Recreational/Community center
Property Costs
Property Taxes:
$6,800 / year
Location Map
Map   Neighborhood Information   Street View  
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Property Summary
Property ID:  3461
Property Cat:  Commercial
Property Type:  Commercial
Beds:  9
Baths:  5
Size:  3,400 sq. ft
Lot Dimensions:  50 X 152

Property Tax Calculation

"The Land Transfer Tax in Toronto, Ontario based on the selling price of $1,495,000.00 is $52,000.00 and the annual property tax based on Assessment value of $1,495,000.00 is $11,854.00."


* 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 $1,495,000.00


Total Tax is: $11,854.00*
$3,453.00 goes to Education
$8,401.00 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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See Also: Toronto Real Estate     Toronto Condos For Sale     Toronto Commercial For Sale


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