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 brick and concrete construction, this residence presents an exceptional opportunity offered at $699,000 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 2 Bathrooms
- Generous living space spanning 600-699 sqft
- 0.0 total parking spaces available with a convenient underground configuration
- Notable attributes: Built-In Oven, Carpet Free, Countertop Range
- equipped with central air central cooling and highly efficient fan coil heating via gas
Description
Experience the Ultimate "Live-Work-Play" Lifestyle at 55 Mercer. A true 100/100 Transit and Walk Score lifestyle-you are steps away from experiencing life in the heart of the city, surrounded by world-renowned monuments and the vibrant energy of the Entertainment and Financial Districts. This impeccably designed 1+Den, 2-Bath unit features a flawless, functional rectangular layout with zero wasted space. The versatile den is equipped with sliding doors, making it an ideal second bedroom or a private home office. Bathed in natural light from its southern exposure, this unit offers a bright and airy atmosphere in the heart of the city. Whether you're looking for a vibrant urban lifestyle or a high-yield investment, this unit delivers on every front. A perfect blend of convenience, modern aesthetics, and a truly unbeatable location. RARE TURN-KEY OPPORTUNITY FOR INVESTORS! EXCEPTIONALLY CLEAN AND PROFESSIONAL AAA TENANT WILLING TO STAY. Nestled in a prime, high-demand area with historically low vacancy rates; Start collecting rent from the closing day without any hassle.
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Key Features
Additional Details
Property Details
Parking & Garage
Heating & Cooling
Features
Property Features
Hospital, Place Of Worship, School
Interior Features
Built-In Oven, Carpet Free, Countertop Range
Security Features
Community Features
Location
Property History
No historical data available for this property.
This could be the first listing for this address.
Pricing & Value Insights
Data-driven valuation for 55 Mercer Street 1212, Toronto C01, ON M5V 3W2
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 $699,000 in Toronto, the legal minimum down payment is $44,900 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 $10,455 for this transaction. Since the property is located in Toronto, a municipal land transfer tax of $10,455 also applies, bringing the total estimated land transfer taxes to $20,910.
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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.
