Semi Detached Home For Sale
Great Investment Opportunity In The Heart Of Torontos China Town!
678 GERRARD ST E , Toronto, ON, M4M 1Y3
Attention Investors!!! Prime East China Town Area!! High Ceilings, Very Spacious, Great Potential Investment For Rental Income Or A Flip For Builders. The City Allowes To Rezone For A Commercial Use. Work/Live At Home. Needs A Tlc. Home Is Sold As Is. Ttc At The Door Step, Close To Library, Parks, Minutes To Downtown. **** EXTRAS **** Stove, Washer, Dryer, All Elfs, Appliances Sold As Is
Built-in dishwasher, Dryer, Fridge, Microwave, Stove, Washer
Bath and shower, Bath Tub
Close to All Services
$2,160 / year
||Semi Detached Home|
Property Tax Calculation
"The Land Transfer Tax in Toronto, Ontario based on the selling price of $388,000.00 is $7,900.00 and the annual property tax based on Assessment value of $388,000.00 is $3,077.00."
* 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 $388,000.00
Total Tax is: $3,077.00*
$896.00 goes to Education
$2,180.00 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%.