2 Storey Home For Sale

King Towns Hot Spot

$449,900

60 Joe Shuster Way 328, Toronto, ON, M6K 1Y8

Owner`s Description

This is a (1) BDRM (1) DEN unit - hardwood floor throughout - sunken terrace with waterfall - the unit has the main floor at 1/2 sub-level with the 2nd floor 1/2 above level - it is in the new trendy hot spot of Toronto King West Village which is undergoing significant infrastructure upgrades and should be a great long-term prospect - properties in this development have sold quickly - condo fees are very modest and stable - professional property management team that really cares ... very low property tax - hard to find this much sq. ft at this price in this area - close to TTC - GO Train and Gardner EXPWY - minutes to downtown Toronto and all the night life as well as the University of Toronto ...

Property Features

Appliances: Built-in Oven, Dryer, Fridge, Stove, Washer	Floor Covering: Carpet, Ceramic, Hardwood, Laminate
Basement: None	Bathroom: Bath and shower, Bath Tub, Separate Toilet
External Facing: Brick	Garage: None
Driveway Details: None	Parking Spaces: 1
Exposure: None	Location Details: Close to All Services, Highway Access, Near Park, Near Schools, Panoramic View, Public Transportation

Property Costs

Property Taxes: $2,250 / year	Heating: $30 / month
Water: $25 / month	Electricity: $25/ month
Condo Fees: $220 / month

Location Map

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Glenn Morley

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Listing Owner

Glenn Morley

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Property Summary
Property ID:	4396
Property Cat:	2 Storey Home
Property Type:	Homes
Beds:	2
Baths:	1
Size:	875 sq. ft
Ceiling Height:	8 ft.
Year of Construction:	6

Property Tax Calculation

"The Land Transfer Tax in Toronto, Ontario based on the selling price of $449,900.00 is $10,196.00 and the annual property tax based on Assessment value of $449,900.00 is $3,567.00."

* 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 $449,900.00

Total Tax is: $3,567.00*
$1,039.00 goes to Education
$2,528.00 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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