$1,075,000

For saleJust listed

#2308 15 Mercer Street, Toronto (Waterfront Communities) - Single Family for Sale

#2308 15 Mercer Street, Toronto (Waterfront Communities), Ontario, M5V1H2

3 beds2 baths1 parking850 ft²$779/mo condo feeListed 6 days ago

Overview

This 3-bedroom, 2-bathroom condo in Toronto is for sale offering roughly 850 sq ft of space. It has been on the market 6 days, fresher than the Toronto average of 57 days.

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Description

Nobu Residences! Spectacular high-floor corner suite with panoramic Lake Ontario, CN Tower & Rogers Centre views in Toronto's Entertainment District. This 2 Bed + Den, 2 Bath residence offers 862 sq ft plus a 28 sq ft balcony, featuring floor-to-ceiling windows that flood the home with natural light and breathtaking skyline and lake vistas. Modern open-concept kitchen with high-end built-in appliances and centre island, 9-ft ceilings, and a primary bedroom with ensuite and w/in closet. Located in a prestigious mixed-use building steps to Union Station, waterfront, transit, dining, theatres and sports venues - downtown living at its finest. Includes 1 parking spot! (id:66096)

Property Details

MLS®: C14127702
Property Type: Single Family
Bedrooms: 3
Beds (above / below): 2 above · 1 below
Bathrooms: 2
Parking: 1
Interior Size: 850 ft²
Basement: None
Heating: Forced air, Natural gas
Cooling: Central air conditioning
Garage: Garage, Underground
Condo Fee: $779/mo
Fee Includes: Common Area Maintenance, Insurance, Parking
Ownership: Condo/Strata
Property Tax: $5,248.41/yr
Listed: 6 days ago

Rooms

Main level

Foyer: 1.82 x 1.93 meters
Living room: 5.68 x 4.64 meters
Dining room: 5.68 x 4.64 meters
Kitchen: 5.68 x 4.64 meters
Primary Bedroom: 3.35 x 4.92 meters
Bedroom 2: 3.3 x 2.48 meters
Den: 2.01 x 1.98 meters

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

Features

Appliances: Washer, Refrigerator, Dishwasher, Stove, Range, Dryer, Oven - Built-In, Window Coverings
Flooring: Hardwood
Exterior: Brick
Lot Features: Balcony

Features and services as supplied by the listing brokerage.

Market Timing

Days on market

Toronto (Waterfront Communities) listings, avg age

57d

Price / ft²

$1,265

List price

$1.07M

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) has been listed for 6 days, which is 51 days fresher than the city average of 57. Act while there is still low competition.

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Listed by ROYAL LEPAGE REAL ESTATE SERVICES LTD. · DINO J. CAPOCCI

Location

Approximate location — exact address confirmed upon showing

Nearby Places

Area context

Neighbourhood profile (M5V)

This home lists at $1,075,000, about 11.8× the local median household income of $91,000.

Carrying it typically needs a household income of about $209,985 (20% down, 25-yr amortization, stress-tested) — roughly 131% 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)

$1,075,000· $1,265/ft²

For sale

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Full Cost Breakdown

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Down Payment7.67% · $82,500

Min 7.67%50%

Mortgage payment$5,503/mo

↳ CMHC premium ($39,700 capitalized)

Property tax (est.)$437/mo

Condo fee$779/mo

Total monthly$6,719

Cash Needed to Close

Down payment (7.67%)$82,500

Land transfer tax$35,950

Est. closing costs$5,725

Total cash needed$124,175

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