U Condominiums: Toronto Condominiums For Sale - - St Marry St And Bay St, M5S, Ontario
 

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U Condominiums

Condominium For Sale

From $250,000
- St Marry St And Bay St , Toronto, ON, M5S
Condo Description
Now under construction are the east and west towers of U Condominiums, the new prestigious residential living quarters in the Bay and Bloor Street neighbourhoods in Toronto, Canada. The two towers are 55 stories and 45 stories respectively, conveying a contemporary residential feel to the urban surroundings of the architectural marvels in the area, such as the Gardiner Museum, the Art Gallery of Ontario, Queens Park Parliament buildings, and the Royal Ontario Museum. Snuggled cozily next to St. Michaels College campus of the University of Toronto, U Condominiums adds flair of residential feel to the otherwise urban and collegiate environment.

The surrounding area is filled with more than just architectural masterpieces; residents can enjoy five-star restaurants, entertainment, renowned venues of culture, and some of the best shopping in the world. Commuting and travel are made easy with the mass transit terminal TTC merely a few steps from the front doors and automobile travelers have just a short jaunt to the Gardiner Expressway and the Don Valley Parkway.

For suite residents who would like to entertain, relax, and socialize, each building houses a 4,500 square foot area ideal for hosting parties. Each area is on the top floor and opens to a wide balcony wrapping around the entire area allowing panoramic views of the city. If one would rather relax with a book, then U Condominiums library will be the place to read and relax in relative silence and peace. Other amenities include twenty-four hour concierge services, large exercise facility and a room dedicated to yoga.

Upon entering U Condominiums, entrants will be awed by the inspiring 3-story lobby only to be further awed by the wonderful suites. Featuring high nine-foot ceilings, five-inch wide wood flooring, custom cabinets, state of the art kitchen appliances by Miele, Blomberg, and Fulgor, and gourmet kitchens filled with custom designed countertops and backslapshes by Corian®. The open concept design of the living spaces includes outdoor balconies and spacious layouts to utilize every inch of the suite to the fullest.

Designed and contracted by the successful Pemberton Group, U Condominiums includes a wide selection of suites. Choose from a single bed, single bed plus den, 2 bed, 2 bed plus den, Penthouse, and Studio suites ranging in size from 325 square feet to 1,477 square feet. The prices are commensurate with the spaces starting at $250k up to $1 million.

Property Features
Amenities:
Gym, Security 24/7, Social Area, Swimming Pool, Yoga Studio, Library,
Appliances:
Stainless steel appliances, Modern Appliances by Miele, Fulgor and Blomberg
Floor Covering:
Hardwood, 5 inch-wide wood flooring
Location Details:
Close to All Services, Highway Access, Near Schools, Panoramic View, Public Transportation, Royal Ontario Museum, Gardiner Museum, Queens Park Parliament buildings and the Art Gallery of Ontario. Situated adjacent to the St. Michaelâ¢s College campus of U of T, Near TTC and minutes to Gardiner and the Don Valley by car.
Building/Unit Information
Project Name:

U Condominiums

Total Floors:
55-45
Unit Types:
1 bed, 1 bed + den, 2 bed, 2 bed + den, Penthouse, Studio
Unit Sizes:
325 - 1,477 sq. ft
Location Map
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Property Summary
Property ID:  7902
Property Cat:  Condo
Property Type:  Condos

Property Tax Calculation

"The Land Transfer Tax in Toronto, Ontario based on the selling price of $250,000.00 is $4,450.00 and the annual property tax based on Assessment value of $250,000.00 is $1,982.00."


* 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 $250,000.00


Total Tax is: $1,982.00*
$578.00 goes to Education
$1,405.00 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 Condominium For Sale


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