The 500 Condos Lofts

Loft Condominium For Sale

From $246,900

500 Sherbourne Street , Toronto, ON, M4X 1L1

Condo Description

The 500 Condos and Lofts is a highrise loft condominium project that is developed by Times Group Corporation near the intersection of Wellesley and Sherbourne on the east side of downtown Toronto. The 500 Condos and Lofts will be a 34 storey tower and podium with a separate loft building overlooking a nearby park and green space.

The 500 Condos and Lofts is located a short distance from UofT and Ryerson campuses as well as dining and shopping in Yorkville one of the trendiest neighborhoods in Toronto. The building will also be a short walk to the Bloor street strip of boutiques and restaurants and a short car ride from the financial and entertainment districts in the downtown core.

The building concept was designed by award winning architect Paul North with suites in 500 Condos and Lofts ranging in size from 860 to 1360 sq ft. with one bec, one bed plus den, two bed and three bedroom condos and loft configurations available.

Suite features include 9, 10 and 11 foot ceilings, extra high kitchen cabinetry, hardwood flooring and a full suite of appliances including ensuite laundry.

Amenities include a 24 concierge service, fitness room, games room, business center and much more.

Property Features

Amenities: Business center, Community Barbecues, Meeting Room, Concierge, Fitness Facilities, Games Room, Garden, Guest Suite, Multimedia Room, Events Room, Security System, and Steam Room	Appliances: Built-in dishwasher, Built-in Oven, Dryer, Fridge, Microwave, Stove, Washer
Floor Covering: Hardwood, Laminate	Bathroom: Bath and shower, Bath Tub
Location Details: Near Park, Near Schools, Jarvis Collegiate Institute, Rose Avenue Junior Public School, Restaurants, banks, SuperMarket, Gas Stations

Building/Unit Information

Project Name: The 500 Condos Lofts	Total Units: 363
Total Floors: 34	Architect: Northgrave Architect Inc.
Unit Types: 1 bed, 1 bed + den, 2 bed, 2 bed + den, 1 Bed 2 Den	Unit Sizes: 860 - 1,360 sq. ft

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Property Summary
Property ID:	9389
Property Cat:	Loft Condominium
Property Type:	Condos
Ceiling Height:	9 ft.

Property Tax Calculation

"The Land Transfer Tax in Toronto, Ontario based on the selling price of $246,900.00 is $4,388.00 and the annual property tax based on Assessment value of $246,900.00 is $1,958.00."

* 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 $246,900.00

Total Tax is: $1,958.00*
$570.00 goes to Education
$1,387.00 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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