| CAC Included | |
| Common Elements Included | |
| Heat Included | |
| Building Insurance Included | |
| Water Included |
New1 hour ago
517 - 8 Mercer Street
Waterfront Communities C1, Toronto
$439,000
Condo Apartment |
1 | 1 | 0 | 0
About this home
Live where the city happens. This one-bedroom at the Mercer, 8 Mercer Street, sits on a cobblestone street in the Entertainment District, steps from King West dining, TIFF Bell Lighthouse and the theatres. Rogers Centre, the CN Tower, PATH and St. Andrew TTC Subway Station are an easy walk away. Hardwood throughout. The 2015 Graywood tower offers 24-hour concierge, fitness, a party room and rooftop terrace. Discover why living here feels like having the best seat in the city. Suite 517 is ready to welcome you home.
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What the bank counts
This home's actual carrying costs, payment stress-tested at 6%
- Mortgage, tested at 6%
- $2,247
- Property tax
- $261
- Heat allowance
- $150
- Condo fees, half counted
- $199
- Housing costs
- $2,857 / mo
Lenders cap these at 39% of gross income — that sets the number.
Down payment20% · $87,800
25-yr amortization
Income needed
$88,000
gross annual household income
- Payment at 4%
- $1,847 / mo
- Cash down
- $87,800
Assumes no other monthly debts · 25-yr amortization
Full affordability checkInvestment Analysis
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