| None |
New2 hours ago
3902 - 55 Mercer Street
Waterfront Communities C1, Toronto
$1,049,900
Condo Apartment |
3 | 2 | 1 | 1
About this home
Welcome to 55 Mercer Luxury Residence, this upgraded unit is situated in a perfect location. Boasting with 3 bedrooms, 2 bathrooms with 1 parking and 9' ceilings, and large windows in every room, with upgraded closet doors. Modern open-concept kitchen with custom quartz island. Amenities include a luxury lobby furnished by Fendi, 24-hour concierge, private dining room, outdoor lounge w/BBQ and fire pit, basketball court, 2 level gym and dog walking area. 100 walk and transit score. Toronto's underground PATH system is 150 meters away. 1 locker and parking included.
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| Type | Condo Apartment |
| Style | Apartment |
| Approx. Age | 0-5 |
| Size | 800-899 sq. ft. |
| Maintenance Fees | $760 |
| Locker | Exclusive |
| Balcony | Open |
| Exposure | South |
| Parking Type | Underground |
| Parking Spaces | 1 |
| Parking Features | None |
| Property Tax | $5,425 |
| mls© Number | C13702510 |
| Listed By | CENTURY 21 PARAMOUNT REALTY INC. |
Listing History
- No recent sale history for this listing.
- No recent lease history for this listing.
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What the bank counts
This home's actual carrying costs, payment stress-tested at 6%
- Mortgage, tested at 6%
- $5,374
- Property tax
- $452
- Heat allowance
- $150
- Condo fees, half counted
- $380
- Housing costs
- $6,356 / mo
Lenders cap these at 39% of gross income — that sets the number.
Down payment20% · $209,980
25-yr amortization
Income needed
$196,000
gross annual household income
- Payment at 4%
- $4,418 / mo
- Cash down
- $209,980
Assumes no other monthly debts · 25-yr amortization
Full affordability checkInvestment Analysis
Estimated rent, cap rate and monthly cash flow for this property
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