$467,000

For saleJust listed

#525 15 Mercer Street, Toronto (Waterfront Communities) - Single Family for Sale

#525 15 Mercer Street, Toronto (Waterfront Communities), Ontario, M5V1H2

2 beds1 bath0 parking650 ft²$478/mo condo feeListed Today

Overview

This 2-bedroom, 1-bathroom condo in Toronto is for sale offering roughly 650 sq ft of space. Listed at $467,000, it is attractively priced about 26% below the $635,000 median asking price in Toronto. It has been on the market 0 days, fresher than the Toronto average of 57 days.

Condos for Sale in Toronto →All real estate in Toronto →

Description

Rare 631 sqft corner 1+Den suite at the prestigious NOBU Residences Toronto, offered at one of the lowest price-per-square-foot opportunities currently available in the building, with monthly maintenance fees conveniently less than $0.77 per sqft. The functional layout features 9 ft ceilings and a spacious den ideal for a home office or flexible guest space. Modern kitchen with built-in high-end appliances, ambient lighting, and generous storage. The bedroom includes blackout window coverings, and the unit comes with all existing window coverings. Residents enjoy access to the building's amenities, including state-of-the-art facilities, while world-class dining is available nearby with the NOBU restaurant. Direct access to Toronto's vibrant Entertainment District and nearby transit, including PATH connectivity, completes the package. An exceptional opportunity for both investors and homeowners seeking the energy and convenience of downtown Toronto. (id:66096)

Property Details

MLS®: C14149546
Property Type: Single Family
Bedrooms: 2
Beds (above / below): 1 above · 1 below
Bathrooms: 1
Parking: 0
Interior Size: 650 ft²
Basement: None
Heating: Forced air, Natural gas
Cooling: Central air conditioning
Garage: No Garage
Condo Fee: $478/mo
Fee Includes: Common Area Maintenance, Insurance
Ownership: Condo/Strata
Property Tax: $3,144.54/yr
Listed: Today

Rooms

Flat

Bedroom: 3.35 x 2.97 meters
Den: 2.1 x 2 meters
Kitchen: 4.45 x 4.01 meters
Dining room: 4.45 x 4.01 meters
Living room: 4.45 x 4.01 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, Oven, Dryer, Microwave, Oven - Built-In, Window Coverings
Flooring: Laminate
Exterior: Concrete
Lot Features: Carpet Free

Features and services as supplied by the listing brokerage.

Market Timing

Days on market

Toronto (Waterfront Communities) listings, avg age

57d

Price / ft²

$719

List price

$467K

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) has been listed for 0 days, which is 57 days fresher than the city average of 57. Act while there is still low competition.

Set a price alert Book a showing

Listed by ROYAL LEPAGE SIGNATURE REALTY · MARCO MISKCIYAN

Location

Approximate location — exact address confirmed upon showing

Nearby Places

Area context

Neighbourhood profile (M5V)

This home lists at $467,000, about 5.1× the local median household income of $91,000.

Carrying it typically needs a household income of about $91,221 (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)

$467,000· $719/ft²

For sale

Book a showing

Pick a time that suits you. A verified local agent confirms within 24h.

Full Cost Breakdown

Loading rates, 30-yr amortization

Current Rates

Loading…

Compare all rates

Down Payment5% · $23,350

Min 5%50%

Mortgage payment$2,460/mo

↳ CMHC premium ($17,746 capitalized)

Property tax (est.)$262/mo

Condo fee$478/mo

Total monthly$3,200

Cash Needed to Close

Down payment (5%)$23,350

Land transfer tax$11,630

Est. closing costs$3,901

Total cash needed$38,881

Get Pre-Approved · Free & Fast

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

Rental cashflow calculator