The Modern On Richmond

Condominium For Sale

From $212,900

306 Richmond Street East , Toronto, ON, M5A 3S9

Property Features

Amenities: Sauna, Community Barbecues, Concierge, Fitness Facilities, Games Room, Garden, Guest Suite, Multimedia Room, Music Room, Events Room, Pet Grooming Facilities, Pool - Indoor, Pool - Outdoor, Security System, and Steam Room	Appliances: Built-in dishwasher, Built-in Oven, Dryer, Fridge, Microwave, Stainless steel appliances, Stove, Washer
Floor Covering: Hardwood	Bathroom: Bath and shower, Bath Tub, Ceramic Tiles for Floor
External Facing: Concrete, Glass	Location Details: Close to All Services, Near Park, Near Schools, Entertainment District, 260 Richmond Street East, Space Condominiums, 331 Richmond, Kormann House Lofts, Eastside Lofts, 311 @ Imperial Square, 294 Richmond East, Imperial Lofts, Richmond II, and Studio City, David Crombie Park , Market Lane , Moss Park , Ontario Street Parkette , and St. James Park

Building/Unit Information

Project Name: The Modern On Richmond	Total Units: 343
Total Floors: 17	Architect: Du Toit
Unit Types: 1 bed, 1 bed + den, 2 bed, Studio	Unit Sizes: 450 - 905 sq. ft

Location Map

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Property Summary
Property ID:	8044
Property Cat:	Condominium
Property Type:	Condos

Property Tax Calculation

"The Land Transfer Tax in Toronto, Ontario based on the selling price of $212,900.00 is $3,708.00 and the annual property tax based on Assessment value of $212,900.00 is $1,688.00."

* 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 $212,900.00

Total Tax is: $1,688.00*
$492.00 goes to Education
$1,196.00 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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