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New3 hours ago

308 - 55 Mercer Street

Waterfront Communities C1, Toronto

$610,000

Condo Apartment |
2 + 1 | 2 | 0 | 0
About this home

Welcome to Urban Living and Sophistication Redefined at 55 Mercer. This Spacious, Brand New, Never Lived In 2+1 Unit with 2 Full Baths Is The Perfect Place To Call Home In The Heart Of The City. Featuring North 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 ofShopping, Restaurants and Cafes. PARKING and LOCKER available for purchase upon request. Sold with full TARION Warranty. Net of HST for End users - HST Rebate is included in thepurchase price. Investor purchasers - $24,000 HST is still applicable.

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Milad Momtaz Azad
Milad Momtaz Azad
(647) 510-8858
Julian Kashani
Julian Kashani
(416) 837-7775
TypeCondo Apartment
StyleApartment
Approx. Age0-5
Size700-799 sq. ft.
Maintenance Fees$547
LockerNone
BalconyNone
ExposureNorth
Parking TypeUnderground
Parking Spaces0
Parking FeaturesNone
Property Tax$2,113
mls© NumberC13668548
Listed ByCENTURY 21 ATRIA REALTY INC.
Common Elements Included
Building Insurance Included

Listing History

  • No recent sale history for this listing.
  • No recent lease history for this listing.

Schools

Could you afford this home?

What the bank counts

This home's actual carrying costs, payment stress-tested at 6%

Mortgage, tested at 6%
$3,122
Property tax
$176
Heat allowance
$150
Condo fees, half counted
$273
Housing costs
$3,722 / mo

Lenders cap these at 39% of gross income — that sets the number.

Down payment20% · $122,000
25-yr amortization

Income needed

$115,000

gross annual household income

Payment at 4%
$2,567 / mo
Cash down
$122,000

Assumes no other monthly debts · 25-yr amortization

Full affordability check

Investment Analysis

Estimated rent, cap rate and monthly cash flow for this property

Values and trends

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