High-Rise Condo For Sale
116 GEORGE ST , Toronto, ON, M5A 3S9
VU is a high rise residential condominium project set to be located in downtown Toronto close to St. James Park in at the corner at Jarvis and Adelaide. VU condos will be an elegant glass, brick, metal and stone multi tower construction designed by Hariri Pontarini and Young Wright architects.
Life life to the fullest in this cosmopolitan downtown within walking distance to restaurants, shopping and TTC access.
Residential condo units will have 9 foot ceilings with nulofts and penthouses featuring 10 foot ceilings along with all units having floor to ceiling windows. Entry into suites will be designed by Cecconi Simone and each suite will have individual control over heating and air conditioning. Flooring options include either laminate or carpeting throughout with porcelain floor tiles in the bathrooms.
All residential suites at VU will have a large balcony with one exterior electricity receptacle, water hose and light fixture.
Penthouses and nulofts will have a fireplace installed.
Kitchens in condos at VU come with granite counter tops, ceramic backsplashes, European styled cabinetry and all major appliances in your choice of stainless steel, white or black.
VU will have 530 total residential units spread over a 24 storey high rise construction and will come in sizes ranging from 1,195 sq ft up to 2,582 sq ft.
Gym, Air Conditioning, Community Barbecues, Meeting Room, Concierge, Games Room, Garden, Multimedia Room, Events Room, and Security System
Built-in dishwasher, Built-in Oven, Dryer, Fridge, Microwave, Stove, Washer
Bath and shower, Bath Tub
Near Park, Near Schools, Super Market, Banks, Gas Stations, Restaurants, George Brown College
2 bed, 2 bed + den
1,195 - 2,582 sq. ft
|Ceiling Height: ||9 ft.|
|Year of Construction: ||2011|
Property Tax Calculation
"The Land Transfer Tax in Toronto, Ontario based on the selling price of $697,990.00 is $20,120.00 and the annual property tax based on Assessment value of $697,990.00 is $5,535.00."
* 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%
* 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 $697,990.00
Total Tax is: $5,535.00*
$1,612.00 goes to Education
$3,922.00 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%.