Mixed Commercial For Sale

Great Investment Opportunity

$349,900

1551 Kingston Road , Toronto, ON, M1N 1R9

Owner`s Description

This mixed commercial building should be the perfect property for all the business minded people out there. As proven to be a great investment, the property offers great exposure to the city with a high standard of lifestyle and work opportunity.

This property has been renovated from top to bottom for all possible uses including office, retail, restaurant, and even for straight residential purposes. All 5 rooms have a very spacious quality with a lot of natural light coming in. The 3 bedrooms can be found on the upper level, while the 2 other ones are on the lower level with a separate walk-out entrance from the rear. 2 kitchens are also available with brand new appliances. It is a multi-zoning building with a TTC bus stop in front of it, free street parking, and a lot more to offer.

For more information, please call: (647) 274 7572.

Property Features

Appliances: Built-in dishwasher, Built-in Oven, Dryer, Fridge, Microwave, Stove, Washer	Floor Covering: Hardwood, Porcelain
Basement: Apartment, Totally Finished	Bathroom: Bath and shower, Bath Tub, Separate Shower
Driveway Details: Gravel	Parking Spaces: 2
Exposure: None	Location Details: Near Schools, Public Transportation, Birch Cliff Public School, Banks, Restaurants, SuperMarket, Gas Stations

Property Costs

Property Taxes:
$4,300 / year

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Witty Singh

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Listing Owner

Witty Singh

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Property Summary
Property ID:	9532
Property Cat:	Mixed Commercial
Property Type:	Commercial
Beds:	5
Baths:	3
Size:	1,400 sq. ft
Lot Dimensions:	2,216 sq. ft
Property Width:	18.00 ft
Property Length:	130.00 ft

Property Tax Calculation

"The Land Transfer Tax in Toronto, Ontario based on the selling price of $349,900.00 is $6,947.00 and the annual property tax based on Assessment value of $349,900.00 is $2,774.00."

* 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 $349,900.00

Total Tax is: $2,774.00*
$808.00 goes to Education
$1,966.00 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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