Paintbox Condominiums

Condominium For Sale

From $200,000

591 Dundas St East , Toronto, ON, M5A 3H6

Condo Description

Paintbox Condominiums is a high rise condominium project that will have a tower that stands 26 storeys containing 283 residential condo suites ranging in size from 392 sq ft up to 925 sq ft.

On the ground floor of the building there will be a cafe, gym, gym and an outdoor terrace to enjoy accompanying retail shops. Paintbox Condominiums is set to be located on Dundas in the heart of downtown Toronto and connected to the new Arts and Cultural Centre.

A new 6 acre park is also being constructed directly across from the Paintbox site with a new Aquatic Center also being newly built in the neighborhood and expected to be completed in 2012. The east side of the Paintbox property will have a brand new Linear Park complete with interlocking stones, tree lines and a boulevard style feeling.

Prices for Paintbox start in the low $200,000s.

Property Features

Amenities:
Condominium, Workout Facilities, Cafe, Party Room, Outdoor Terrace

Building/Unit Information

Project Name: Paintbox Condominiums	Total Units: 283
Total Floors: 26	Architect: Diamond and Schmitt Architects
Unit Types: 1 bed, 1 bed + den, 2 bed, 2 bed + den, Studio	Unit Sizes: 392 - 925 sq. ft

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Property Summary
Property ID:	9261
Property Cat:	Condominium
Property Type:	Condos
Year of Construction:	2012

Property Tax Calculation

"The Land Transfer Tax in Toronto, Ontario based on the selling price of $200,000.00 is $3,450.00 and the annual property tax based on Assessment value of $200,000.00 is $1,586.00."

* 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 $200,000.00

Total Tax is: $1,586.00*
$462.00 goes to Education
$1,124.00 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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