Semi Detached Home For Sale in Toronto, Ontario - 678 GERRARD ST E
 

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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
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Name:
 Oksana Kohanova
ROYAL LEPAGE SIGNATURE REALTY, BROKERAGE
 
Home Phone(416) 520-9477
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Email:
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Listing Agent
 Oksana Kohanova

Home Phone(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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See Also: Toronto Real Estate     Toronto Condos For Sale     Toronto Semi Detached Home For Sale


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