Commercial For Sale
160 Millwood Road , Toronto, ON, M4S 1J7
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.
Built-in dishwasher, Dryer, Fridge, Stainless steel appliances, Stove, Washer
Apartment, Totally Finished
Close to All Services, Near Park, Near Schools, Public Transportation, Recreational/Community center
$6,800 / year
||3,400 sq. ft|
||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%
* 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%.