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New2 hours ago

1710 - 8 Mercer Street

Waterfront Communities C1, Toronto

$489,000

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

Experience downtown living at its best at The Mercer! This bright, west-facing one-bedroom suite offers an inviting blend of modern style, comfort and indoor-outdoor living. High ceilings and an expansive wall of floor-to-ceiling windows enhance the sense of space and flood the open-concept living and dining area with natural light, while a walkout opens onto a generous 90 sq. ft. balcony. With plenty of room to relax, dine and take in the city views, you may find yourself spending as much time outdoors as in. Full-height sliding doors allow the bedroom to be completely enclosed for privacy or opened to the living area for a more spacious, connected feel. The streamlined kitchen pairs crisp white upper cabinets with warm wood-grain cabinetry and stone countertops, complemented by a full suite of integrated appliances. It's an ideal choice for first-time buyers, professionals, investors or those seeking a convenient city pied-à-terre. Residents enjoy an impressive collection of amenities, including a 24-hour concierge, fully equipped fitness centre, yoga room, sauna and spa area, party room, and an expansive rooftop terrace with lounge and dining areas and BBQs. The Mercer is located in the Entertainment District, just steps from King Street West, TIFF Bell Lightbox, acclaimed restaurants, cafés, theatres and nightlife. Walk to the Financial District, PATH, Rogers Centre, CN Tower, Scotiabank Arena, Union Station and the waterfront. With the King streetcar and St. Andrew subway station nearby, the best of downtown Toronto is within easy reach.

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agent
Jonathan Lee
(647) 983-0770
TypeCondo Apartment
StyleApartment
Approx. AgeNot available
Size500-599 sq. ft.
Maintenance Fees$372
LockerNone
BalconyOpen
ExposureWest
Parking TypeUnderground
Parking Spaces0
Parking FeaturesNone
Property Tax$3,000
mls© NumberC13778782
Listed ByROYAL LEPAGE SUPREME REALTY
Heat Included
Water Included
CAC Included
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%
$2,503
Property tax
$250
Heat allowance
$150
Condo fees, half counted
$186
Housing costs
$3,089 / mo

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

Down payment20% · $97,800
25-yr amortization

Income needed

$95,000

gross annual household income

Payment at 4%
$2,058 / mo
Cash down
$97,800

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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