$520,000

For sale

#322 55 Mercer Street, Toronto (Waterfront Communities) - Single Family for Sale

#322 55 Mercer Street, Toronto (Waterfront Communities), Ontario, M5V0W4

2 beds2 baths0 parking550 ft²$464/mo condo feeListed 86 days ago

Overview

This 2-bedroom, 2-bathroom condo in Toronto is for sale offering roughly 550 sq ft of space. Listed at $520,000, it is attractively priced about 17% below the $629,900 median asking price in Toronto.

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Description

Welcome to Urban Living and Sophistication Redefined at 55 Mercer. This Spacious, Brand New, Never Lived In 1+1 Unit with 2 Baths Is The Perfect Place To Call Home In The Heart Of The City. Featuring South Views, 9' Ceilings, Integrated Appliances, Concierge Desk in Lobby, Gym, Roof Top Garden, Party Room and More! Located Minutes Away From Toronto Harbourfront, Rogers Centre, CN Towner, Union Station, St. Andrew TTC Station, and Plenty of Shopping, Restaurants and Cafes. PARKING and LOCKER available for purchase upon request. Sold withfull TARION Warranty. Net of HST for End users - HST Rebate is included in the purchaseprice. Investor purchasers - $24,000 HST is still applicable. (id:66096)

Property Details

MLS®: C13668376
Property Type: Single Family
Bedrooms: 2
Beds (above / below): 1 above · 1 below
Bathrooms: 2
Parking: 0
Interior Size: 550 ft²
Basement: None
Heating: Forced air, Natural gas
Cooling: Central air conditioning
Garage: Garage, Underground
Condo Fee: $464/mo
Fee Includes: Common Area Maintenance, Insurance
Ownership: Condo/Strata
Property Tax: $1,906.89/yr
Listed: 86 days ago

Rooms

Flat

Living room: 3.18 x 5.97 meters
Kitchen: 3.18 x 5.97 meters
Primary Bedroom: 3.02 x 3.18 meters
Den: 2.9 x 2.03 meters

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

Features

Exterior: Concrete
Lot Features: Elevator

Features and services as supplied by the listing brokerage.

Market Timing

Days on market

86d

Toronto (Waterfront Communities) listings, avg age

57d

Price / ft²

$946

List price

$520K

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 2-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 CENTURY 21 ATRIA REALTY INC. · ANDI DUONG

Location

Approximate location — exact address confirmed upon showing

Nearby Places

Area context

Neighbourhood profile (M5V)

This home lists at $520,000, about 5.7× the local median household income of $91,000.

Carrying it typically needs a household income of about $101,574 (20% down, 25-yr amortization, stress-tested) — roughly 12% 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)

$520,000· $946/ft²

For sale

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Full Cost Breakdown

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Down Payment5.19% · $27,000

Min 5.19%50%

Mortgage payment$2,733/mo

↳ CMHC premium ($19,720 capitalized)

Property tax (est.)$159/mo

Condo fee$464/mo

Total monthly$3,356

Cash Needed to Close

Down payment (5.19%)$27,000

Land transfer tax$13,750

Est. closing costs$4,060

Total cash needed$44,810

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