Life Condos

Mid-Rise Condo For Sale

From $260,000

68 Merton Street , Toronto, ON, M4S 1X8

Condo Description

Life Condos conveniently located in Toronto midtown area on desirable Merton Street next to all amenities and a show distance to downtown Toronto.

- Free Storage Locker for the first 25 deals
- No Assignment Fee
- Granite kitchen countertop

Property Features

Amenities: Gym, Security 24/7, Party Room, Guest Suite, Meeting Room	Appliances: Stainless steel appliances
Floor Covering: Laminate, Marble, Engineered laminate strip flooring	External Facing: Concrete, Glass
Exposure: South	Location Details: Close to All Services, Near Park, Near Schools, Public Transportation, Yonge Street, Davisville Subway Station

Building/Unit Information

Project Name: Life Condos	Total Units: 149
Total Floors: 13	Unit Types: 1 bed, 1 bed + den, 2 bed, 2 bed + den, Townhomes
Unit Sizes: 488 - 1,342 sq. ft

Location Map

Map		Neighborhood Information		Street View

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Property Summary
Property ID:	9624
Property Cat:	Mid-Rise Condo
Property Type:	Condos
Ceiling Height:	9 ft.
Year of Construction:	2014

Property Tax Calculation

"The Land Transfer Tax in Toronto, Ontario based on the selling price of $260,000.00 is $4,700.00 and the annual property tax based on Assessment value of $260,000.00 is $2,062.00."

* 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 $260,000.00

Total Tax is: $2,062.00*
$601.00 goes to Education
$1,461.00 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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