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2808 - 8 Mercer Street
Waterfront Communities C1, Toronto
$1,024,999
Beautiful southwest corner 3 bedroom, 2 bathroom condo with a large balcony and (1)underground parking space. The floor to ceiling windows give the unit a luxirious view of thedowntown Toronto skyline capturing Lake Ontario and the CN Tower. Equipped with a fully modernkitchen and built in appliances this condo embodies downtown Toronto luxury living. Amenitiesthat are included with the condo are the shared usage of a large terrace on the 6th floor,fitness room, party room and a sauna and spa area. The unit is within steps to the P.A. T.H.,the TTC St. Andrew's Subway Station and King West area of downtown Toronto.
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| Type | Condo Apartment |
| Style | Apartment |
| Approx. Age | Not available |
| Size | 900-999 sq. ft. |
| Maintenance Fees | $717 |
| Locker | None |
| Balcony | Open |
| Exposure | South West |
| Parking Type | Underground |
| Parking Spaces | 1 |
| Parking Features | None |
| Property Tax | $1,024,999 |
| mls© Number | C14097432 |
| Listed By | RE/MAX REAL ESTATE CENTRE INC. |
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%
- $5,246
- Property tax
- $85,417
- Heat allowance
- $150
- Condo fees, half counted
- $358
- Housing costs
- $91,171 / mo
Lenders cap these at 39% of gross income — that sets the number.
Income needed
$2,805,000
gross annual household income
- Payment at 4%
- $4,313 / mo
- Cash down
- $205,000
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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