House For Sale

Reduced Price On Fantastic Income Property In Toronto C2 Area!

$559,000

1079 Davenport Road , Toronto, ON, M6G 2C2

Owner`s Description

This is a great rental investment in the heart of Toronto. The price was reduced by $20,000 for a quick sale! Walking distance from George Brown Casa Loma campus, steps to two 24-hour grocery stores, Hill Crest park, a public library and a TTC stop.

Additional Information:

Second level
Living room 3.35m x 3.8m
Kitchen 4.3m x 2.62m
Bedroom 3.3m x 4m

Ground level
Living room 2.95m x 3.35m
Kitchen 3.35m x 3.75m
Bedroom 3.3m x 3.45m

Basement
Living room 5.25m x 4.2m
Bedroom 3.75m x 2.65m

Potential Monthly Rental Income:

Basement:
Low = $750 | Average = $850 | High = $900

Main Level:
Low = $900 | Average = $1000 | High = $1100

Upper Level:
Low = $1300 | Average = $1400 | High = $1500

Total Potential Monthly Rental Income:
Low = $2950 | Average = $3250 | High = $3500

This Listings Can Be Viewed on Realtors website MLS.ca ID# C2157142

Property Features

Appliances: Built-in dishwasher, Dryer, Fridge, Microwave, Stove, Washer	Floor Covering: Carpet, Hardwood, Laminate
Basement: Apartment, Partially Finished	Bathroom: Bath and shower, Bath Tub
Garage: None	Driveway Details: Interlock
Parking Spaces: 1	Location Details: Close to All Services, Near Park, Near Schools

Property Costs

Property Taxes: $2,640 / year	Heating: $146 / month
Water: $43 / month	Electricity: $115/ month

Location Map

Map		Neighborhood Information		Street View

Name:

Sheila Jamison
Sutton-Granite Hill Realty Inc.

(416) 205-0355

Phone:

Email:

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Listing Agent

Sheila Jamison

(416) 205-0355

Sutton-Granite Hill Realty Inc.

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Property Summary
Property ID:	8869
Property Cat:	House
Property Type:	Homes
Beds:	3
Baths:	3
Lot Dimensions:	1,550 sq. ft
Property Width:	19.00 ft
Property Length:	84.00 ft

Property Tax Calculation

"The Land Transfer Tax in Toronto, Ontario based on the selling price of $559,000.00 is $14,560.00 and the annual property tax based on Assessment value of $559,000.00 is $4,432.00."

* 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 $559,000.00

Total Tax is: $4,432.00*
$1,291.00 goes to Education
$3,141.00 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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