Festival Tower

High Rise Condominium For Sale

From $568,900

King Street West And John Street , Toronto, ON, M5V

Condo Description

The Festival Tower is a highrise condo development project that will be home to the Bell Light Box a one of a kind film center that features world class arts screening facilities along with large conference spaces, restaurants and retail space.

The Festival Tower is a residential condo project that will sit atop the film center located in the trendiest part of downtown Toronto between the financial and entertainment districts.

This landmark project is being developed by the Daniels Corporation in association with the Toronto International Film Festival with design credits going to Kuwabara Payne McKenna Blumberg Architects as well as Kirkor Architects.

Festival Tower Condos will be located at 330 King St. W at the corner of King and John and will feature 43 floors and 458 total residential units including 1 bed, 2 bed and penthouse suites ranging in size from 550 sq ft to a massive 2300 sq ft. The suites feature 10 ft ceilings and boast an interior design by world class designers Mike Niven Interior Design Inc.

The project will have world class amenities including a 24 hour concierge, valet parking, theater, lounge, library, business center, meditation center, yoga/pilates/dance studio, pool house, dining facilities and a 5 star inspired hotel service.

Property Features

Amenities: Gym, Security 24/7, Spa, Movie Screen Room, Indoor Pool, Workout Facilities, Women`s Change Room, Men`s Change Room, His Sauna, Her Sauna, Rooftop Terrace, 24-hour concierge, Room Service, Valet Parking, Outdoor Terrace, Sun Deck, Outdoor Garden, Yoga/Aerobics Centre, Internet Lounge, Sports Lounge	Appliances: Stainless steel appliances, Miele Appliances
Location Details: Close to All Services, Public Transportation, Entertainment Disctrict, Clubs, Lounges, Bars, Restaurants, Movies

Building/Unit Information

Project Name: Festival Tower	Total Units: 458
Total Floors: 46	Architect: Kirkor Architects
Unit Types: 1 bed, 1 bed + den, 2 bed, 2 bed + den, Penthouse	Unit Sizes: 1,067 - 2,692 sq. ft

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Property Summary
Property ID:	9316
Property Cat:	High Rise Condominium
Property Type:	Condos
Ceiling Height:	9 ft.

Property Tax Calculation

"The Land Transfer Tax in Toronto, Ontario based on the selling price of $568,900.00 is $14,956.00 and the annual property tax based on Assessment value of $568,900.00 is $4,511.00."

* 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 $568,900.00

Total Tax is: $4,511.00*
$1,314.00 goes to Education
$3,197.00 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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