$579,000

For sale

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#601 55 Mercer Street, Toronto (Waterfront Communities) - Single Family for Sale

#601 55 Mercer Street, Toronto (Waterfront Communities), Ontario, M5V3W2

2 beds2 baths0 parking condo fee

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#1611 1 Market Street, Toronto (Waterfront Communities), Ontario, M5E0A2

For saleJust listed

Today

$1.07M

#1611 1 Market Street, Toronto (Waterfront Communities), Ontario, M5E0A2

3 bd2 ba1 pk1,100 ft²+$909/mo

Listed by ROYAL LEPAGE SIGNATURE REALTY

Investment analysis

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$579,000

Toronto

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Overview

This 2-bedroom, 2-bathroom condo in Toronto is for sale. Listed at $579,000, it is attractively priced about 8% below the $629,900 median asking price in Toronto.

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

Description

Enjoy refined downtown living at 55 Mercer with this well-designed 1+den, 2 full bathroom suite. The layout is both practical and versatile, featuring a primary bedroom with a 3-piece ensuite and a separate den that can easily function as a second bedroom or home office.Residents have access to an impressive selection of amenities, including a private dining space, screening room, BBQ terrace, sauna, and a fully equipped fitness centre.Located in the heart of the city, this is a fantastic opportunity to experience modern condo living with comfort, convenience, and style. (id:66096)

Property Details

MLS®: C13028614
Property Type: Single Family
Bedrooms: 2
Beds (above / below): 1 above · 1 below
Bathrooms: 2
Parking: 0
Basement: None
Heating: Forced air, Natural gas
Cooling: Central air conditioning
Garage: No Garage
Condo Fee: $464/mo
Fee Includes: Common Area Maintenance, Insurance
Ownership: Condo/Strata
Property Tax: $3,295.36/yr
Listed: 198 days ago

Features

Appliances: Washer, Refrigerator, Dishwasher, Stove, Range, Oven, Dryer, Microwave, Oven - Built-In, Hood Fan, Window Coverings
Exterior: Brick
Lot Features: Carpet Free

Features and services as supplied by the listing brokerage.

Market Timing

Days on market

198d

Toronto (Waterfront Communities) listings, avg age

57d

List price

$579K

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 KELLER WILLIAMS EDGE REALTY · LIONET HASBURY

Location

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Nearby Places

Area context

Neighbourhood profile (M5V)

This home lists at $579,000, about 6.4× the local median household income of $91,000.

Carrying it typically needs a household income of about $113,099 (20% down, 25-yr amortization, stress-tested) — roughly 24% 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)

$579,000

For sale

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Full Cost Breakdown

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Down Payment5.68% · $32,900

Min 5.68%50%

Mortgage payment$3,028/mo

↳ CMHC premium ($21,844 capitalized)

Property tax (est.)$275/mo

Condo fee$464/mo

Total monthly$3,766

Cash Needed to Close

Down payment (5.68%)$32,900

Land transfer tax$16,110

Est. closing costs$4,237

Total cash needed$53,247

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