$538,888

For sale

#813 15 Mercer Street, Toronto (Waterfront Communities) - Single Family for Sale

#813 15 Mercer Street, Toronto (Waterfront Communities), Ontario, M5V1H2

2 beds1 bath0 parking550 ft²$420/mo condo feeListed 77 days ago

Overview

This 2-bedroom, 1-bathroom condo in Toronto is for sale offering roughly 550 sq ft of space. Listed at $538,888, it is attractively priced about 14% below the $629,900 median asking price in Toronto.

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Description

Welcome to Nobu Residences, a luxurious and brand-new condo situated in the heart of Toronto's most vibrant districts. This never-lived-in 1+1 bedroom, 1-bath unit features a thoughtfully designed open-concept layout that maximizes space & functionality. W/a spacious den & a charming nook, this unit offers plenty of flexibility for work, relaxation, or additional storage. Wide laminate floors, high ceilings & large windows fill the space W/natural light, while pot lights throughout, including under the kitchen cabinets, create a warm & modern ambiance. The kitchen itself is a chefs dream, boasting high-end built-in integrated appliances & sleek finishes, perfect for cooking and entertaining. The unit includes a large bedroom with ample closet space and a separate laundry room, all designed with comfort & convenience in mind. Nobu Residences offers world-class amenities such as a fully equipped gym, a luxurious spa with a sauna & hot tub, a rooftop terrace & a private screening room. Located in Toronto's Entertainment, Financial & Fashion Districts this condo provides unparalleled access to theatres, restaurants, shops & the TTC. With a walk score of 99 & a transit score of 100, everything you desire is just steps away. Property is currently tenanted at $2,600/month on a 1 year lease. Buyer to assume existing tenant and tenancy. (id:66096)

Property Details

MLS®: C13699428
Property Type: Single Family
Bedrooms: 2
Beds (above / below): 1 above · 1 below
Bathrooms: 1
Parking: 0
Interior Size: 550 ft²
Basement: None
Heating: Forced air, Natural gas
Cooling: Central air conditioning
Garage: Garage, Underground
Pool: Yes
Condo Fee: $420/mo
Fee Includes: Common Area Maintenance, Heat, Insurance
Ownership: Condo/Strata
Property Tax: $3,212.41/yr
Listed: 77 days ago

Rooms

Flat

Living room: 3.04 x 3.04 meters
Dining room: 3.04 x 3.04 meters
Kitchen: 3.8 x 3 meters
Primary Bedroom: 2.74 x 3.04 meters
Den: 1.88 x 2.43 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, Dryer, Cooktop, Oven - Built-In, Blinds
Flooring: Laminate
Exterior: Concrete, Brick
Lot Features: Elevator, Carpet Free, In suite Laundry

Features and services as supplied by the listing brokerage.

Market Timing

Days on market

77d

Toronto (Waterfront Communities) listings, avg age

57d

Price / ft²

$981

List price

$539K

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 ROYAL LEPAGE MEADOWTOWNE REALTY · BREANA MAHAMI

Location

Approximate location — exact address confirmed upon showing

Nearby Places

Area context

Neighbourhood profile (M5V)

This home lists at $538,888, about 5.9× the local median household income of $91,000.

Carrying it typically needs a household income of about $105,264 (20% down, 25-yr amortization, stress-tested) — roughly 16% 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)

$538,888· $981/ft²

For sale

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Full Cost Breakdown

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Down Payment5.36% · $28,888.80

Min 5.36%50%

Mortgage payment$2,828/mo

↳ CMHC premium ($20,400 capitalized)

Property tax (est.)$268/mo

Condo fee$420/mo

Total monthly$3,515

Cash Needed to Close

Down payment (5.36%)$28,889

Land transfer tax$14,506

Est. closing costs$4,117

Total cash needed$47,511

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