The Avenue Residences

High Rise Luxury Condo For Sale

From $850,000

468 Avenue Rd , Toronto, ON, M5P 2K2

Condo Description

The Avenue Residences is a luxury high rise residential condominium development by Camrost Felcorp designed by acclaimed architects Page Steele in the neighborhood of Forest Hill overlooking the Toronto skyline and lake.

The Avenue Residences will be located at St Clair and Avenue right on top of the escarpment and will boast some of the best views available in the city in addition to being part of the most distinguished neighborhood.

The Avenue will consist of 1 highrise tower standing 19 storeys and will include a total of just 73 units making it one of the most exclusive condo projects in the city. The tower construction will be mainly glass and steel with stone and clay brick finishes.

Units in The Avenue will range in size from 1115 sq ft to over 3750 and will come in 1 bed plus den, 2 bed, 2 Bed plus Family plus Library, 3 bed, 3 Bed plus Family plus Library and penthouse configurations. Units will be luxuriously appointed with the best features and finishes available and that people have come to expect from Camrose Felcorp. Balconies will be large and open and terraces expansive.

The lobby of the building will be a boutique design by Gluckstein with a classic architecture feel that will include limed oak paneling inset with wall sconces, central chandelier, antique brass finishes and inset marble flooring.

Elevators will be wood paneled with antique mirrored walls. A 24 hour concierge station is available to service residents needs.

The neighborhood around The Avenue features shops and cafes in Forest Hill Village and a subway stop along the Yonge subway line. Bloor Yorkville shops are also a short cab ride away making giving residents of The Avenue world class shopping and dining close by.

Property Features

Amenities: Gym, Concierge, Garden, Guest Suite, Reading Room, Events Room, Hot Tub, Pool - Indoor, Security System, Steam Room, and Valet Parking	Appliances: Built-in dishwasher, Built-in Oven, Dryer, Fridge, Microwave, Stove, Washer
Bathroom: Bath and shower, Bath Tub	External Facing: Stone, Clay Brick
Location Details: Near Park, Near Schools, Upper Canada College, The Bishop Strachan School, Oriole Park, Restaurants, Banks, SuperMarket, Gas Stations

Building/Unit Information

Project Name: The Avenue Residences	Total Units: 73
Total Floors: 19	Architect: Page
Unit Types: 1 bed + den, 2 bed, 3 bed, Penthouse, 3 Bed/Family/Library, 2 Bed/Family/Library	Unit Sizes: 1,115 - 3,750 sq. ft

Location Map

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Property Summary
Property ID:	9391
Property Cat:	High Rise Luxury Condo
Property Type:	Condos
Year of Construction:	2011

Property Tax Calculation

"The Land Transfer Tax in Toronto, Ontario based on the selling price of $850,000.00 is $26,200.00 and the annual property tax based on Assessment value of $850,000.00 is $6,740.00."

* 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 $850,000.00

Total Tax is: $6,740.00*
$1,964.00 goes to Education
$4,776.00 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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