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New2 hours ago

1208 - 8 Mercer Street

Waterfront Communities C1, Toronto

$950,000

Condo Apartment |
3 | 2 | 1 | 1
About this home

A rare 3 bedrooms, 2 bathrooms with parking and locker in prime downtown. 912 sq ft of interior space + 112 sq ft of large balcony. Pet friendly and BBQ friendly building. Spacious luxury apartment with floor-to-ceiling windows, perfect for live/work or a growing family. 10 ft ceilings, hardwood floors throughout. Spacious open concept kitchen w/built-in appliances and large center island with ample storage. Amazing facilities: 24/7 concierge, large fitness center/gym, sauna, rooftop patio w/BBQ, visitor's parking. Walk score 100: in the heart of Entertainment District, steps from famous King St West with theatres, restaurants, Roy Thomson Hall, Tiff Bell Lightbox. Short walk to st Andrews Subway Station.

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Milad Momtaz Azad
Milad Momtaz Azad
(647) 510-8858
Julian Kashani
Julian Kashani
(416) 837-7775
TypeCondo Apartment
StyleApartment
Approx. Age6-10
Size900-999 sq. ft.
Maintenance Fees$698
LockerOwned
BalconyOpen
ExposureNorth West
Parking TypeUnderground
Parking Spaces1
Parking FeaturesUnderground
Property Tax$5,226
mls© NumberC13657010
Listed ByREMAX YOUR COMMUNITY REALTY
Heat Included
Water Included
Common Elements Included
Building Insurance Included
Parking Included

Listing History

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

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Could you afford this home?

What the bank counts

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

Mortgage, tested at 6%
$4,863
Property tax
$435
Heat allowance
$150
Condo fees, half counted
$349
Housing costs
$5,797 / mo

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

Down payment20% · $190,000
25-yr amortization

Income needed

$178,000

gross annual household income

Payment at 4%
$3,998 / mo
Cash down
$190,000

Assumes no other monthly debts · 25-yr amortization

Full affordability check

Investment Analysis

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

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