$848,000 - 15 Mercer Street Unit 1806, Downtown Toronto
Condo for Sale in Downtown Toronto
New — Listed 2 days ago- MLS Number
- C13229784
- Property Type
- Condo
- Status
- active
- Days on Site
- 2
- Bedrooms
- 2
- Bathrooms
- 2
- Square Feet
- 700 - 1,099 sqft
- Neighbourhood
- Downtown Toronto / Waterfront
- Locker
- None
- Exposure
- North East
- Balcony
- Open
- Listing Brokerage
- REMAX YOUR COMMUNITY REALTY
A statement in modern Luxury, this suite at Nobu Residences Toronto delivers exceptional design & an unmatched lifestyle in the heart of the Entertainment District. Offering 2 bedrooms + Den & 2 bathrooms, the bright open-concept layout is enhanced by floor-to-ceiling windows & premium finishes throughout. The modern kitchen features built-in Miele appliances, seamlessly integrated into the contemporary design. The spacious primary bedroom includes a private ensuite, while the well-sized 2nd bedroom provides flexibility for guests, family, or a home office. Additional features include in-suite Miele laundry, fibre internet directly to the unit, fresh paint, stylish new light fixtures, custom window coverings throughout, including blackout blinds in both bedrooms, and a dual-zone thermostat allowing for independent temperature control & year-round comfort. Ideally located just steps to King West night life, Rogers Centre, acclaimed restaurants, luxury hotels, theatres, and some of Toronto's premier entertainment & cultural destinations. Residents enjoy access to over 20,000 sq. ft. of thoughtfully curated amenities designed by Studio Munge, including a state-of-the-art fitness centre with dedicated weight & cardio areas, yoga & spin studios, a hot tub, sauna, steam room, & hydro therapy hot/cold circuit. Additional amenities include outdoor BBQ & picnic areas, a conference centre, games & recreation lounge, & 24-hour concierge service, offering a truly elevated lifestyle experience. Welcome Home!
Estimate your monthly payments for this property
Estimated Payment
$4,350.68/mo
Includes CMHC insurance ($23,659)
5-yr fixed avg.
Rates shown are estimates based on typical Ontario 5-year fixed rates. Canadian mortgages use semi-annual compounding as required by law. CMHC insurance applies to purchases under $1.5M with less than 20% down. Estimated property tax uses an approximate 0.85% rate. Contact us for current rate options and pre-approval.
Discover Downtown Toronto / Waterfront
Downtown Toronto / Waterfront is a vibrant community in the Greater Toronto Area, offering excellent amenities, schools, and transportation options. This area is popular with families and professionals seeking a balanced lifestyle with access to urban conveniences and natural spaces.
Why Live in Downtown Toronto / Waterfront
- •Convenient location in Downtown Toronto / Waterfront
- •Access to local shops and dining
- •Good public transit connections
- •Community parks and green spaces
- •Well-maintained neighbourhoods
Nearby Schools
Transit & Commuting
- •MiWay bus routes throughout the area
- •GO Transit stations within driving distance
- •Easy highway access to 401/403/QEW
- •Walking distance to local amenities
Parks & Amenities
- •Local parks and recreational facilities
- •Community centres
- •Shopping plazas nearby
- •Restaurants and cafes
Lifestyle & Community
Downtown Toronto / Waterfront offers a wonderful quality of life with a mix of residential charm and urban convenience. Residents enjoy easy access to schools, parks, and shopping, making it an ideal location for families and professionals alike.
15 Mercer Street Unit 1806, Downtown Toronto / Waterfront
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Monthly Cash Flow Breakdown
Note: These are estimates only. Actual figures may vary based on market conditions, property condition, and other factors. Consult with a financial advisor for personalized advice.
Joe's Thoughts
Honest perspective from 30+ years of GTA real estate experience
Premium Pricing
At $1211/sqft, this property is priced above the Downtown Toronto average of $950/sqft. I'd want to see upgraded finishes, premium location, or recent renovations to justify this price point. During our showing, I'll point out exactly what you're paying extra for.
Just Listed - Act Strategically
This property hit the market within the last week. In Downtown Toronto's current market, desirable homes often receive multiple offers within 5-7 days. If you're seriously interested, I recommend booking a showing immediately. However, never let urgency override due diligence - we'll still do proper inspections.
Condo Considerations
For condos, I always review the status certificate thoroughly. Key things I look for: reserve fund health (should be well-funded), any upcoming special assessments, rules that might affect your lifestyle (pets, rentals, renovations), and the corporation's financial statements. We'll want to verify the monthly fees and what they include.
Efficient Living
At 700 sqft, this is a more compact space. The upside: lower utility bills, less maintenance, and easier cleaning. Consider how you'll use the space - built-in storage, multi-functional furniture, and good organization become important. Great for singles, couples, or those who prefer a low-maintenance lifestyle.
Investment Perspective
Looking at this as an investment: Downtown Toronto properties have averaged 5-7% annual appreciation over the past decade. Your estimated monthly carrying costs would be around $3,533 (mortgage, taxes, insurance). Consider whether you're comfortable with this as both a home and a financial commitment.
Let's See It Together
Photos only tell part of the story. During our showing, I'll point out things the camera doesn't capture: neighbourhood feel, natural light quality, traffic noise, and overall condition. I'll also share what comparable homes have sold for and help you craft a winning strategy if you decide to move forward.