$415,000

For sale

#318 55 Mercer Street, Toronto (Waterfront Communities) - Single Family for Sale

#318 55 Mercer Street, Toronto (Waterfront Communities), Ontario, M5V0W4

1 bed1 bath0 parking550 ft²$403/mo condo feeListed 84 days ago

Overview

This 1-bedroom, 1-bathroom condo in Toronto is for sale offering roughly 550 sq ft of space. Listed at $415,000, it is attractively priced about 34% below the $629,900 median asking price in Toronto.

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Description

Welcome To 55 Mercer, Nestled In The Heart Of The Entertainment District. This Brand New 1 Bedroom 515 Sqft. With Open-Concept Layout Seamlessly Connects The Living, Dining, And Kitchen Areas, Perfect For Entertaining Or Relaxing. Large Windows Flood TheSpace With Natural Light, Creating An Inviting Atmosphere. Enjoy Access To 3 Floors Of State-Of-The-Art Fitness Facilities, Co-Working Spaces,Rooftop Garden, And Party Room. Steps Away From TIFF, Rogers Centre, And CN Tower, Nobu, Along With World-Class Shopping, Restaurants,And Cafes. *Experience The Best Of City Living Today!* Brand New And Covered By Full TARION Warranty! (id:66096)

Property Details

MLS®: C13673490
Property Type: Single Family
Bedrooms: 1
Beds (above / below): 1 above · 0 below
Bathrooms: 1
Parking: 0
Interior Size: 550 ft²
Basement: None
Heating: Forced air, Natural gas
Cooling: Central air conditioning
Garage: No Garage
Condo Fee: $403/mo
Fee Includes: Common Area Maintenance, Insurance
Ownership: Condo/Strata
Listed: 84 days ago

Features

Appliances: Washer, Refrigerator, Dishwasher, Stove, Dryer, Microwave, Hood Fan
Exterior: Concrete

Features and services as supplied by the listing brokerage.

Market Timing

Days on market

84d

Toronto (Waterfront Communities) listings, avg age

57d

Price / ft²

$755

List price

$415K

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 1-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 BAY STREET GROUP INC. · ANDY SHEN

Location

Approximate location — exact address confirmed upon showing

Nearby Places

Area context

Neighbourhood profile (M5V)

This home lists at $415,000, about 4.6× the local median household income of $91,000.

Carrying it typically needs a household income of about $81,064 (20% down, 25-yr amortization, stress-tested) — within reach of 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)

$415,000· $755/ft²

For sale

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Full Cost Breakdown

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Down Payment5% · $20,750

Min 5%50%

Mortgage payment$2,186/mo

↳ CMHC premium ($15,770 capitalized)

Est. property tax$0/mo

Condo fee$403/mo

Total monthly$2,589

Cash Needed to Close

Down payment (5%)$20,750

Land transfer tax$9,550

Est. closing costs$3,745

Total cash needed$34,045

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