Semi Detached Home For Sale

Great Investment Opportunity In The Heart Of Torontos China Town!

$388,000

678 GERRARD ST E , Toronto, ON, M4M 1Y3

Owner`s Description

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

Property Features

Appliances: Built-in dishwasher, Dryer, Fridge, Microwave, Stove, Washer	Floor Covering: Ceramic, Hardwood
Basement: Unfinished	Bathroom: Bath and shower, Bath Tub
Garage: None	Driveway Details: None
Location Details: Close to All Services

Property Costs

Property Taxes:
$2,160 / year

Location Map

Map		Neighborhood Information		Street View

Name:

Oksana Kohanova
ROYAL LEPAGE SIGNATURE REALTY, BROKERAGE

(416) 520-9477

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Listing Agent

Oksana Kohanova

(416) 520-9477

ROYAL LEPAGE SIGNATURE REALTY, BROKERAGE

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Property Summary
Property ID:	8912
Property Cat:	Semi Detached Home
Property Type:	Homes
Beds:	3
Baths:	2
Lot Dimensions:	15.00x100.00 FT

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%

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 $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%.

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