Apartment For Sale

$597,000

763 Bay Street , Toronto, ON, M5G 2R3

Owner`s Description

ABSOLUTELY SPECTACULAR high floor SW corner unit! 2 bedroom 2 bathroom. Immaculate and spacious 1035 sq ft at corner of Bay and College. Views of Lake Ontario, CN tower and Queenâs Park. Shows like a model home. This condo has everything: floor to ceiling windows with custom window coverings in family room, granite kitchen counter tops, stainless steel appliances, and hardwood floors throughout. ****EXTRAS**** Designer electric fireplace, upgraded cornice moldings, wainscoting, and more. Washer/dryer included. Locker is two doors down from unit. Prime parking space. Building has fully equipped gym, swimming pool, hot tub, aerobic/yoga room, party room, movie room, indoor golf simulator and more. 24 hr concierge and alarm system included. Direct underground access to subway and College Park shops (including Winners, ServiceOntario, Post Office, Metro, etc). This building is walking distance to downtown hospitals, Yorkville, University of Toronto, Ryerson , and Toronto Eaton Centre, to name a few. Monthly condo fee $537 (includes all utilities except cable and phone). Property taxes $3290. Need to sell because of job transfer.

OPEN HOUSE: Sat. Jan 30th/Sun. Jan 31st 2-4pm. Act fast, as this home will be listed on MLS in 2 weeks! A must see!

416 710-9697

Note: Willing to negotiate with Broker/Agent if they have good potential buyer.

Property Costs

Property Taxes:
$3,290 / year

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Chris Mongiardi

(416) 710-9697

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Listing Owner

Chris Mongiardi

(416) 710-9697

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Property Summary
Property ID:	3849
Property Cat:	Apartment
Property Type:	Condos
Beds:	2
Baths:	2
Size:	1,035 sq. ft

Property Tax Calculation

"The Land Transfer Tax in Toronto, Ontario based on the selling price of $597,000.00 is $16,080.00 and the annual property tax based on Assessment value of $597,000.00 is $4,734.00."

* 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 $597,000.00

Total Tax is: $4,734.00*
$1,379.00 goes to Education
$3,355.00 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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