55 Mercer Street, Toronto, ON
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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 $855,000 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
- 1.0 total parking spaces available with a convenient underground configuration
- Notable attributes: Carpet Free
- equipped with central air central cooling and highly efficient forced air heating via gas
Description
Spectacular 1 bedroom plus den unit on the 43rd floor of the newly built 55 Mercer Condominiums by Centrecourt. Spanning 657 sq ft, this south-facing gem offers panoramic city views and an abundance of natural light. The versatile and functional layout features a spacious living area that seamlessly flows into a modern kitchen, complete with premium appliances, sleek finishes, and ample storage - perfect for both everyday meals and entertaining. The secluded den provides an ideal space for a home office, nursery, or cozy reading nook. The large-sized primary bedroom boasts floor-to-ceiling windows and a stylish 4 pc ensuite complete with modern fixtures. As a resident of 55 Mercer, you'll enjoy access to The Mercer Club which offers 3 floors of state-of-the-art fitness, co-working and entertainment spaces. With a prime location at the heart of the city, you'll be steps away from some of Toronto's best restaurants, attractions and your everyday amenities including Rogers Centre, The Well, Union Station & More!
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Property History
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This could be the first listing for this address.
Pricing & Value Insights
Data-driven valuation for 55 Mercer Street 4312, 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 $855,000 in Toronto, the legal minimum down payment is $60,500 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 $13,575 for this transaction. Since the property is located in Toronto, a municipal land transfer tax of $13,575 also applies, bringing the total estimated land transfer taxes to $27,150.
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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.
