$499,000

For sale

#4805 55 Mercer Street, Toronto (Waterfront Communities) - Single Family for Sale

#4805 55 Mercer Street, Toronto (Waterfront Communities), Ontario, M5V0W4

1 bed1 bath0 parking250 ft²$377/mo condo feeListed 21 days ago

Overview

This 1-bedroom, 1-bathroom condo in Toronto is for sale offering roughly 250 sq ft of space. Listed at $499,000, it is attractively priced about 21% below the $629,900 median asking price in Toronto. It has been on the market 21 days, fresher than the Toronto average of 57 days.

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Description

Luxury awaits on the 48th floor of 55 Mercer! This premium 1-bedroom corner suite offers an exceptionally bright, highly efficient layout with zero wasted space. Wrap-yourself in stunning panoramic views through soaring floor-to-ceiling windows that flood the home with natural light. The modern kitchen features seamless built-in appliances, quartz counters, and sleek cabinetry. Enjoy a grand FENDI-furnished lobby and over 18,000 sq ft of elite 6-star amenities:a multi-floor fitness centre with Peloton pods, infrared saunas, a dedicated co-working space with private boardrooms, a half-court outdoor basketball court, a dog run, and 24hr concierge.Unbeatable location in the heart of the Entertainment District-steps to the PATH, St.Andrew/Union stations, King West dining, Rogers Centre, and TIFF Lightbox. Perfect for young professionals or savvy investors looking for a high-demand turn-key asset! (id:66096)

Property Details

MLS®: C14085726
Property Type: Single Family
Bedrooms: 1
Beds (above / below): 1 above · 0 below
Bathrooms: 1
Parking: 0
Interior Size: 250 ft²
Basement: None
Heating: Natural gas, Coil Fan
Cooling: Central air conditioning
Garage: No Garage
Condo Fee: $377/mo
Fee Includes: Common Area Maintenance, Insurance
Ownership: Condo/Strata
Property Tax: $3,039/yr
Listed: 21 days ago

Rooms

Flat

Living room

Main level

Dining room
Kitchen
Bedroom

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

Features

Appliances: Washer, Refrigerator, Water meter, Dishwasher, Oven, Dryer, Cooktop
Flooring: Laminate
Exterior: Concrete
Lot Features: Balcony, Carpet Free

Features and services as supplied by the listing brokerage.

Market Timing

Days on market

21d

Toronto (Waterfront Communities) listings, avg age

57d

Price / ft²

$2,000

List price

$499K

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) has been listed for 21 days, which is 36 days fresher than the city average of 57. Act while there is still low competition.

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Listed by ROYAL LEPAGE SIGNATURE REALTY · JUSTIN DANIEL ENGLISH

Location

Approximate location — exact address confirmed upon showing

Nearby Places

Area context

Neighbourhood profile (M5V)

This home lists at $499,000, about 5.5× the local median household income of $91,000.

Carrying it typically needs a household income of about $97,472 (20% down, 25-yr amortization, stress-tested) — roughly 7% 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)

$499,000· $2,000/ft²

For sale

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Full Cost Breakdown

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Down Payment5% · $24,950

Min 5%50%

Mortgage payment$2,628/mo

↳ CMHC premium ($18,962 capitalized)

Property tax (est.)$253/mo

Condo fee$377/mo

Total monthly$3,258

Cash Needed to Close

Down payment (5%)$24,950

Land transfer tax$12,910

Est. closing costs$3,997

Total cash needed$41,857

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