550 Wellington West

High-Rise Condo For Sale

From $619,900

550 Welington Street West , Toronto, ON, M5V 2V8

Property Features

Amenities: Gym, Meeting Room, Concierge, Fitness Facilities, Garden, Hotel Services, Laundry - Inbuilding, Multimedia Room, Events Room, Pet Grooming Facilities, Pool - Outdoor, and Security System	Appliances: Built-in dishwasher, Built-in Oven, Dryer, Fridge, Microwave, Stainless steel appliances, Stove, Washer, Backsplash Tiles
Floor Covering: Hardwood	Bathroom: Bath and shower, Bath Tub, Porcelain or Ceramic Tiles
Location Details: Close to All Services, Near Park, Near Schools, 20 Stewart, Sixty Loft - Structure 1, 1 Niagara Street, Zedlife, Fifty on The Park, Sixty Loft - Structure 2, Houlding Knitwear, Stewart Lofts, 49 Bathurst Street, and Twenty, Alex Wilson , Clarence Square , Old Fort York , St. Andrews Playground , and Victoria Memorial Park

Building/Unit Information

Project Name: 550 Wellington West	Total Units: 336
Total Floors: 15	Architect: Architects Alliance
Unit Types: 1 bed, 1 bed + den, 2 bed, 2 bed + den, 2 storey Loft Penthouses	Unit Sizes: 1,209 - 2,343 sq. ft

Location Map

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Property Summary
Property ID:	8084
Property Cat:	High-Rise Condo
Property Type:	Condos

Property Tax Calculation

"The Land Transfer Tax in Toronto, Ontario based on the selling price of $619,900.00 is $16,996.00 and the annual property tax based on Assessment value of $619,900.00 is $4,915.00."

* 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 $619,900.00

Total Tax is: $4,915.00*
$1,432.00 goes to Education
$3,483.00 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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