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New3 hours ago

322 - 55 Mercer Street

Waterfront Communities C1, Toronto

$520,000

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

Welcome to Urban Living and Sophistication Redefined at 55 Mercer. This Spacious, Brand New, Never Lived In 1+1 Unit with 2 Baths Is The Perfect Place To Call Home In The Heart Of The City. Featuring South 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 of Shopping, Restaurants and Cafes. PARKING and LOCKER available for purchase upon request. Sold withfull TARION Warranty. Net of HST for End users - HST Rebate is included in the purchaseprice. 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
Size500-599 sq. ft.
Maintenance Fees$464
LockerNone
BalconyNone
ExposureSouth
Parking TypeUnderground
Parking Spaces0
Parking FeaturesNone
Property Tax$1,907
mls© NumberC13668376
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%
$2,662
Property tax
$159
Heat allowance
$150
Condo fees, half counted
$232
Housing costs
$3,202 / mo

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

Down payment20% · $104,000
25-yr amortization

Income needed

$99,000

gross annual household income

Payment at 4%
$2,188 / mo
Cash down
$104,000

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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