
Welcome to this remarkable Apartment common element condo located in the coveted neighborhood of Waterfront Communities C1. Expertly crafted featuring premium concrete construction, this residence presents an exceptional opportunity offered at $639,000 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.
Welcome to 55 Mercer Street - a sleek and modern one-bedroom suite with Balcony in the heart of downtown Toronto. Featuring contemporary finishes and a functional layout, this unit offers an ideal blend of comfort, style, and convenience.Enjoy exceptional walkability with TTC access, shops, theatres, restaurants, cafés, entertainment, and everyday essentials just steps from your door.Residents have access to an impressive selection of building amenities, including a fitness centre, party room, 24-hour concierge, rooftop terrace, and guest suites.An excellent opportunity for end users seeking a convenient downtown lifestyle or investors looking for a highly desirable and easy-to-rent location.
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This condo apartment located at 55 Mercer Street, Toronto is currently for sale and has been available on SousaSells for 10 days. This property is listed at $639,000 with an estimated mortgage of $2,127* per month. It has 1 bed, 1 bathroom, and is 0-499 square feet. 55 Mercer Street, Toronto is in the Waterfront Communities C1 neighborhood.
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* Estimated mortgage assumes a 30% down payment, 4.00% interest rate, and 30-year amortization.Ideal for small families, couples, or individuals seeking a manageable and comfortable living layout in Waterfront Communities C1, Toronto.
Urban professionals, first-time buyers, or investors looking for low-maintenance living in Toronto.
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The current listing price for 55 Mercer Street, Unit 4, Toronto, ON in Waterfront Communities C1, Toronto is $639,000.
This property features 1 bedroom and 1 bathroom across approximately 0-499 sqft.
55 Mercer Street, Unit 4, Toronto, ON is a Common Element Condo (Apartment) featuring a None basement.
Key property features include: Park, Public Transit.
Interior highlights include: None.
Yes, this property offers parking space for 0.0 vehicle (None).
Heating is provided via Gas and cooling via Central Air.
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No historical data available for this property.
This could be the first listing for this address.
Data-driven valuation for 55 Mercer Street 2205, Toronto, ON M5V 0W4
Based on 0 recent similar sales in the pocket.
Properties in this area are selling at a steady pace.
Calculate your monthly payment, minimum downpayment, and land transfer taxes for this home in Toronto.
About Purchasing a Home in Toronto, ON
For a property listed at $639,000 in Toronto, the legal minimum down payment is $38,900 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 $9,255 for this transaction. Since the property is located in Toronto, a municipal land transfer tax of $9,255 also applies, bringing the total estimated land transfer taxes to $18,510.
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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.