The L Tower
High-Rise Condo For Sale
8 The Esplanade , Toronto, ON, M5E 1B2
The L Condo is a new addition to Torontos new skylight fever. This futuristic advanced building is 58 story high with 600 units ranging from 536 square feet to 2,177 square feet units starting from the mid $300,000s.
Located in Toronto business district close to all services and public transport.
Gym, Sauna, Swimming Pool, C ardio, Party Room, Guest Suites, 24 hour Concierge Service
Stainless steel appliances, Complete Miele appliances,
Bath and shower, Bath Tub
Near Schools, Gas Stations, Grocery Stores, Restaurants, Subway, Cofee Shops, Liquor Store
The L Tower
1 bed, 1 bed + den, 2 bed, 2 bed + den
536 - 2,177 sq. ft
|Ceiling Height: ||9 ft.|
|Year of Construction: ||2012|
Property Tax Calculation
"The Land Transfer Tax in Toronto, Ontario based on the selling price of $349,500.00 is $6,937.00 and the annual property tax based on Assessment value of $349,500.00 is $2,771.00."
* 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 $349,500.00
Total Tax is: $2,771.00*
$807.00 goes to Education
$1,964.00 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%.