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New1 hour ago

2808 - 8 Mercer Street

Waterfront Communities C1, Toronto

$1,024,999

Condo Apartment |
3 | 2 | 1 | 0
About this home

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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BrokerHub Inc.
(647) 254-1864
TypeCondo Apartment
StyleApartment
Approx. AgeNot available
Size900-999 sq. ft.
Maintenance Fees$717
LockerNone
BalconyOpen
ExposureSouth West
Parking TypeUnderground
Parking Spaces1
Parking FeaturesNone
Property Tax$1,024,999
mls© NumberC14097432
Listed ByRE/MAX REAL ESTATE CENTRE INC.
Heat Included
Water Included
Common Elements Included
Building Insurance Included
Parking Included

Listing History

  • No recent sale history for this listing.
  • 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%
$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.

Down payment20% · $205,000
25-yr amortization

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 check

Investment Analysis

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