Reve

Mid-Rise Condo For Sale

From $340,000

560 Front Street West , Toronto, ON, M5V 3N5

Condo Description

Reve is a mid rise residential development condo project in Toronto located in the heart of downtown on King Street West. Centrally located, Reve boasts a plethora of activities within walking distance including many options for shopping, dining, nightlife and cultural attractions.

Reve will feature a truly stylish design and includes many luxury amenities including a fitness and yoga center, spa like sauna and a designer decorated roof top terrace with excellent views of the downtown Toronto skyline. Reve will have a built in theater which residents can reserve for movie nights with family and a full featured party lounge for that special get together.

Reve is truly a stunning residential condominium project with unit sizes from 550 sq ft to over 1455 sq ft. The project will have 305 total units split over 13 floors.

Property Features

Amenities: Sauna, Security 24/7, Party Lounge, Meeting Room, Billiards Room, Theatre, Yoga Centre, Wellness Centre, Rooftop Terrace	Appliances: Stainless steel appliances
Location Details: Close to All Services, Highway Access, Near Park, Near Schools, Bars, Restaurants, Rogers Centre, The world-famous Second City comedy club, Roy Thompson Hall and more

Building/Unit Information

Project Name: Reve	Total Units: 305
Total Floors: 13	Unit Types: 1 bed, 1 bed + den, 2 bed, 3 bed
Unit Sizes: 550 - 1,455 sq. ft

Location Map

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Property Summary
Property ID:	9315
Property Cat:	Mid-Rise Condo
Property Type:	Condos
Ceiling Height:	9 ft.
Year of Construction:	2011

Property Tax Calculation

"The Land Transfer Tax in Toronto, Ontario based on the selling price of $340,000.00 is $6,700.00 and the annual property tax based on Assessment value of $340,000.00 is $2,696.00."

* 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 $340,000.00

Total Tax is: $2,696.00*
$785.00 goes to Education
$1,911.00 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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