55 Mercer Street, Toronto, ON
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Property Highlights
Welcome to this remarkable Apartment condo apartment located in the coveted neighborhood of Waterfront Communities C1. Expertly crafted featuring premium concrete construction, this residence presents an exceptional opportunity offered at $369,000 to acquire a beautiful home in a highly sought-after setting. Designed for both comfortable daily living and elegant entertaining, the layout maximizes natural light, functional flow, and lifestyle utility.
- 1 Bedroom and 1 Bathroom
- Generous living space spanning 0-499 sqft
- 0.0 total parking spaces available
- Notable attributes: Carpet Free
- equipped with central air central cooling and highly efficient forced air heating via gas
Description
Unlike basic studios, this brilliantly designed JUNIOR 1-BEDROOM features a highly functional layout with a DISTINCT, PRIVATE SLEEPING AREA, can easily be turned into a 1-bedroom with zero wasted space as designed in floor plan. Perched on the 30th floor, this modern Junior One Bedroom features the Floor-to-ceiling windows flood the suite with natural light and offer clear, expansive views. The open-concept design is complemented by 9-ft smooth ceilings, sleek laminate flooring, and a gourmet kitchen with integrated appliances and quartz counters. Located in the heart of the Tech & Entertainment District with a 100 Walk Score. Steps to the PATH, TIFF Lightbox, and King West dining. Amenities include a Fendi-furnished lobby, 24-hr fitness center with Peloton pods, outdoor basketball court, and co-working spaces. This room has been virtually staged, and a conceptual floor plan is also provided.
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Property History
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This could be the first listing for this address.
Pricing & Value Insights
Data-driven valuation for 55 Mercer Street 3006, Toronto C01, ON M5V 0W4
Based on 0 recent similar sales in the pocket.
Properties in this area are selling at a steady pace.
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About Purchasing a Home in Toronto, ON
For a property listed at $369,000 in Toronto, the legal minimum down payment is $18,450 under current Canadian banking regulations. This calculation applies a 5% requirement on the first $500,000, 10% on the next $499,999, and a flat 20% on any amount exceeding $1,000,000.
Additionally, buyers in Ontario must budget for the Provincial Land Transfer Tax, which is estimated at $4,010 for this transaction. Since the property is located in Toronto, a municipal land transfer tax of $4,010 also applies, bringing the total estimated land transfer taxes to $8,020.
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Disclaimer: AI Insights are generated by an automated system and should be used for informational purposes only. While we strive for accuracy using current market data and deep-learning models, these assessments do not constitute professional real estate, legal, or financial advice. All property values, predictions, and scores are estimates. We strongly recommend verifying all property details and conducting independent due diligence with a licensed professional before making any purchase decisions.
