55 Mercer Street, Toronto, ON
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 $629,000 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.
- 2 Bedrooms and 1 Bathroom
- Generous living space spanning 500-599 sqft
- 0.0 total parking spaces available with a convenient underground configuration
- Notable attributes: None
- equipped with central air central cooling and highly efficient forced air heating via gas
Description
South Facing Luxury Condo In The Heart Of Downtown Toronto. With Amazing Views Of The CN Tower & Skydome. Offering Contemporary Living In A Newly Luxurious Building Constructed In 2024. Located On The 30th Floor With Stunning Views Of Downtown Toronto. Stunning Brand New Condo Unit With 1 Bedroom + 1 Den & 1 Three Piece Washroom. Laminate Floors Throughout The Unit. Large Windows, 9' Ceilings, Modern Kitchen W/ Quartz Countertop And Built In Appliances. Grand Lobby Furnished By FENDI Features 18,000 sq. ft Of Indoor And Outdoor Amenities For Residents To Enjoy, Outdoor Fitness And Basketball Court, BBQ's And Fire Pits, Dog Walking Area. 24 HR Indoor Fitness Centre With Peloton Bikes, Valet Parking, and many more. Located in the Vibrant Entertainment District, steps away from Union Station, the Financial District, and the Waterfront all just a short walk away.
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This could be the first listing for this address.
Pricing & Value Insights
Data-driven valuation for 55 Mercer Street 1201, 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 $629,000 in Toronto, the legal minimum down payment is $37,900 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 $9,055 for this transaction. Since the property is located in Toronto, a municipal land transfer tax of $9,055 also applies, bringing the total estimated land transfer taxes to $18,110.
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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.
