$1,024,999

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#2808 8 Mercer Street, Toronto (Waterfront Communities) - Single Family for Sale

#2808 8 Mercer Street, Toronto (Waterfront Communities), Ontario, M5V0C4

3 beds2 baths1 parking ft²

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Investment analysis

Rental cashflow calculator

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$1,024,999

Toronto

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Description

Beautiful southwest corner 3 bedroom, 2 bathroom condo with a large balcony and (1)underground parking space. The floor to ceiling windows give the unit a luxirious view of thedowntown Toronto skyline capturing Lake Ontario and the CN Tower. Equipped with a fully modernkitchen and built in appliances this condo embodies downtown Toronto luxury living. Amenitiesthat are included with the condo are the shared usage of a large terrace on the 6th floor,fitness room, party room and a sauna and spa area. The unit is within steps to the P.A. T.H.,the TTC St. Andrew's Subway Station and King West area of downtown Toronto. (id:66096)

Property Details

MLS®: C14097432
Property Type: Single Family
Bedrooms: 3
Beds (above / below): 3 above · 0 below
Bathrooms: 2
Parking: 1
Interior Size: 950 ft²
Basement: None
Heating: Forced air, Natural gas
Cooling: Central air conditioning
Garage: Garage, Underground
Condo Fee: $717/mo
Fee Includes: Common Area Maintenance, Heat, Water, Insurance, Parking
Ownership: Condo/Strata
Property Tax: $1,024,999/yr
Listed: 15 days ago

Market Timing

Days on market

15d

Toronto (Waterfront Communities) listings, avg age

57d

Price / ft²

$1,080

List price

$1.02M

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.

Area context

Neighbourhood profile (M5V)

This home lists at $1,024,999, about 11.3× the local median household income of $91,000.

Carrying it typically needs a household income of about $200,218 (20% down, 25-yr amortization, stress-tested) — roughly 120% 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)

$1,024,999· $1,080/ft²

For sale

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Full Cost Breakdown

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Down Payment7.56% · $77,499.90

Min 7.56%50%

Mortgage payment$5,253/mo

↳ CMHC premium ($37,900 capitalized)

Property tax (est.)$85,417/mo

Condo fee$717/mo

Total monthly$91,387

Cash Needed to Close

Down payment (7.56%)$77,500

Land transfer tax$33,950

Est. closing costs$5,575

Total cash needed$117,025

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

#2808 8 Mercer Street, Toronto (Waterfront Communities) - Single Family for Sale

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Neighbourhood profile (M5V)

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