$1,300,000

For sale

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#1802 55 Mercer Street, Toronto (Waterfront Communities) - Single Family for Sale

#1802 55 Mercer Street, Toronto (Waterfront Communities), Ontario, M5V1H2

3 beds2 baths1 parking condo fee

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Investment analysis

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$1,300,000

Toronto

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Overview

This 3-bedroom, 2-bathroom condo in Toronto is for sale.

Condos for Sale in Toronto →All real estate in Toronto →

Description

Welcome to 55 Mercer Luxury Residence, this upgraded corner unit is situated in a perfect location. Boasting with 3 bedrooms, 2 bathrooms with 9' ceiling and large windows in every room with upgraded closet doors. Modern open concept kitchen with custom quartz island. Amenities include luxury lobby furnished by Fendi, 24-hour concierge, private dining room, outdoor lounge w/BBQ and fire pit, basketball court, 2 level gym and dog walking area. 100 walk and transit score. Toronto's underground PATH system is 150 meters away. 1 locker and parking included. (id:66096)

Property Details

MLS®: C13118006
Property Type: Single Family
Bedrooms: 3
Beds (above / below): 3 above · 0 below
Bathrooms: 2
Parking: 1
Basement: None
Heating: Forced air, Electric
Cooling: Central air conditioning
Garage: Garage, Underground
Condo Fee: $760/mo
Ownership: Condo/Strata
Property Tax: $4,600/yr
Listed: 176 days ago

Rooms

Flat

Primary Bedroom

Main level

Bedroom 2
Bedroom 3
Kitchen
Bathroom
Living room

Room details as supplied by the listing brokerage. Dimensions are shown in the unit the listing states, and are approximate.

Features

Exterior: Brick
Lot Features: Balcony

Features and services as supplied by the listing brokerage.

Market Timing

Days on market

176d

Toronto (Waterfront Communities) listings, avg age

57d

List price

$1.30M

Homes here sell faster than most markets

Sold homes in this market spent an average of 33 days on the market over the past year, against a median of 48 days across the markets we publish.

Homes here sell below asking price

Homes in this market sold for an average of 94.6 percent of their asking price over the past year, below the 96.4 percent median across the markets we publish.

Haho

This 3-bed single family in Toronto (Waterfront Communities) is available now. Want me to connect you with the agent or keep you posted on any price updates?

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Listed by CITYSCAPE REAL ESTATE LTD. · FILIP VELESKI

Location

Approximate location — exact address confirmed upon showing

Nearby Places

Area context

Neighbourhood profile (M5V)

This home lists at $1,300,000, about 14.3× the local median household income of $91,000.

Carrying it typically needs a household income of about $253,936 (20% down, 25-yr amortization, stress-tested) — roughly 179% above the area median.

Median household income: $91,000
Population: 59,912
Median age: 32
Owner / renter: 42% / 58%
Avg. household size: 1.6

Source: Statistics Canada, 2021 Census (FSA M5V)

$1,300,000

For sale

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Full Cost Breakdown

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Down Payment8.08% · $105,000.00

Min 8.08%50%

Mortgage payment$6,625/mo

↳ CMHC premium ($47,800 capitalized)

Property tax (est.)$383/mo

Condo fee$760/mo

Total monthly$7,769

Cash Needed to Close

Down payment (8.08%)$105,000

Land transfer tax$44,950

Est. closing costs$6,400

Total cash needed$156,350

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Rates via our partner mortgage brokers at iShopRates · Estimates only, not financial advice