Karma Condos

High Rise Condominium For Sale

From $189,900

21 Grenville St , Toronto, ON, M4Y 1X5

Condo Description

Karma Condos is a multi use high rise residential condo development project being co developed by CentreCourt Developments along with Lifetime Developments. Architectural design will be by world renowned Architects Alliance. The development is going to be located near Yonge and College at 21 Grenville Street.

Centrally located in downtown Toronto, Karma Condos will be within walking distance of U of T, Ryerson, major employment districts along with world class shopping and many fine dining options.

A stop on the Yonge subway line is located only a block away making public transportation easily accessible.

Karma Condos will have a total of 494 residential condo units in a high rise tower of 52 storeys. Units will come in sizes ranging from 277 sq ft up to 819 sq ft and will come in 1 bed, 1 bed plus den, 2 bed, 2 bed plus den and 3 bed configurations. Starting prices are a very accessible $189,900.

Property Features

Amenities: Gym, Steam Room, Party Room with Bar, Movie Screen Room, Games Room, Rooftop Terrace, Guest Suites, Concierge	Appliances: Built-in dishwasher, Built-in Oven, Dryer, Fridge, Microwave, Stainless steel appliances, Stove, Washer
Floor Covering: None, Engineered Wood Flooring	Bathroom: Bath and shower, Bath Tub
Location Details: Near Park, Near Schools, Everst College of Business,Technology and Health Care, St Joseph College, Alexander Street Parkette, College Park, Super Market, Restaurants, Gas Stations, Banks

Building/Unit Information

Project Name: Karma Condos	Total Units: 494
Total Floors: 52	Architect: architectsAlliance
Unit Types: 1 bed, 1 bed + den, 2 bed, 2 bed + den, 3 bed	Unit Sizes: 277 - 819 sq. ft

Location Map

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Property Summary
Property ID:	9357
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 $189,900.00 is $3,248.00 and the annual property tax based on Assessment value of $189,900.00 is $1,506.00."

* 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 $189,900.00

Total Tax is: $1,506.00*
$439.00 goes to Education
$1,067.00 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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