Terrace On Danforth

Condominium For Sale

From $192,900

3520 Danforth Ave , Toronto, ON, M1L 1E6

Condo Description

Terrace on Danforth offers a superb collection of well designed urban suites that combines great location with elegant living. The suites feature: laminate flooring throughout, 8ft ceilings, kitchen with granite counter top, ceramic backsplash and European style cabinets as well as an elegant bathroom that includes ceramic tile floors and white fixtures. Conveniently located just minutes from the lakeshore, walking trails, golf courses and the vibrant shopping dining that the Danforth has to offer.

Building Amenities:
- Fitness Studio with Yoga Mats
- Party Room equipped with a Wet Bar and a private kitchen
- Open Concept Lobby with Sleek Furniture

Property Features

Amenities: Gym, Party Room, Lounge	Appliances: Built-in dishwasher, Built-in Oven, Dryer, Fridge, Microwave, Stainless steel appliances, Stove, Washer
Floor Covering: Laminate	Bathroom: Bath and shower, Bath Tub, Ceramic Tile back-splashes
Location Details: Near Schools, Recreational/Community center, Shops, office, Restaurants galore, Bus Ride to Warden Station, Gas Stations, Subway and Liquor Stores

Building/Unit Information

Project Name: Terrace on Danforth	Total Units: 95
Total Floors: 7	Architect: Stone McQuire Vogt
Unit Types: 1 bed, 1 bed + den, 2 bed, 2 bed + den	Unit Sizes: 465 - 1,079 sq. ft

Location Map

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Property Summary
Property ID:	7983
Property Cat:	Condominium
Property Type:	Condos

Property Tax Calculation

"The Land Transfer Tax in Toronto, Ontario based on the selling price of $192,900.00 is $3,308.00 and the annual property tax based on Assessment value of $192,900.00 is $1,530.00."

* 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 $192,900.00

Total Tax is: $1,530.00*
$446.00 goes to Education
$1,084.00 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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