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Price Change$74,999,900

2402 - 8 Mercer Street

Waterfront Communities C1, Toronto

$749,999

Condo Apartment |
2 | 2 | 1 | 0
About this home

Luxury Mercer Condo In Core of Entertainment District, Spacious Unit With 9' ceiling. 2 Balconies, Steps Away From Tiff, Theatres,Rogers Centre, CN Tower, Financial District, and Metro Hall where has access to the PATH and TTC subway stations. Amenityincludes 24/7 security concierge, gym, sauna room, party room, and in-house theatre.

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nest zoom realty
(416) 276-9973
TypeCondo Apartment
StyleApartment
Approx. AgeNot available
Size700-799 sq. ft.
Maintenance Fees$615
LockerNone
BalconyOpen
ExposureNorth East
Parking TypeUnderground
Parking Spaces1
Parking FeaturesUnderground
Property Tax$4,665
mls© NumberC14168156
Listed ByHOMELIFE LANDMARK REALTY INC.
Heat Included
Water Included
CAC Included
Common Elements Included
Building Insurance Included
Parking Included

Listing History

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  • No recent lease history for this listing.

Schools

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What the bank counts

This home's actual carrying costs, payment stress-tested at 6%

Mortgage, tested at 6%
$3,839
Property tax
$389
Heat allowance
$150
Condo fees, half counted
$307
Housing costs
$4,685 / mo

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

Down payment20% · $150,000
25-yr amortization

Income needed

$144,000

gross annual household income

Payment at 4%
$3,156 / mo
Cash down
$150,000

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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