$779,000 - 35 Mercer Street Unit 1712, Downtown Toronto
Condo for Sale in Downtown Toronto
- MLS Number
- C13161294
- Property Type
- Condo
- Status
- active
- Days on Site
- 19
- Bedrooms
- 3
- Bathrooms
- 2
- Square Feet
- 700 - 1,099 sqft
- Neighbourhood
- Downtown Toronto / Waterfront
- Locker
- None
- Exposure
- North West
- Balcony
- Open
- Listing Brokerage
- SAGE REAL ESTATE LIMITED
You're not here to live that storybook, picket fence life -you want something more, there's ambition sparking from your fingertips. You're ready to be amongst it, within the belly of the beast, a life where you can always say YES! When coffee catchups, dinner dates, impromptu workout classes or last minute errands need running - everything is steps away. The home team is in town, want to catch a game? Yes! You'll walk there in ten. Life is easy when your location, the Entertainment District, is in the bullseye of downtown Toronto. You're here, because you've already seen it all. The uninspiring all-white kitchens bore you and the matcha latte life is overrated. You'll have the steak and frites and something on the rocks- take advantage of the city's best restaurants at your doorstep. A corner suite wrapped in glass, you get two full bathrooms and a kitchen designed with warm high-end finishes which deliver that hot espresso drenched luxury. Thoughtfully laid out with two proper bedrooms (as in real doors, exclusive closets and large windows) and a functional split floor plan for optimal privacy, the suite extends to offer a dining area for guests and a balcony overlooking energetic King Street West, plus peep views of the lake. Walking up to your building, and coming home, is an experience like no other. These two modern towers, anchored by their heritage brick facade, were intentionally built and in collaboration with globally recognized NOBU. Enjoy state of the art fitness facilities, concierge at the front and more. Steps from the CN Tower, streetcar & subway stations and the underground PATH network. If you're going for glory at the new Jacob's Steakhouse, brunch on King West, or in the mood for martinis in low-lit bars -Or whether you're headed to a coffee party, Sunday marathon or a gym class - this location offers endless possibilities. 35 Mercer is more than just an address. It's a lifestyle at the Nobu Residences.
Estimate your monthly payments for this property
Estimated Payment
$3,996.67/mo
Includes CMHC insurance ($21,734)
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.
35 Mercer Street Unit 1712, 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
Fair Market Value
At $1113/sqft, this property is priced in line with current Downtown Toronto market conditions. The pricing suggests the seller has done their homework. We may have modest room for negotiation, typically 2-4% in today's market.
Market Position
At 19 days on site, this property has had reasonable exposure. It hasn't sold immediately (which often indicates overpricing), but isn't languishing either. There's likely room for a 3-5% negotiation from asking price.
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.
Starter Home Potential
3 bedrooms works well for couples planning families or small families with one child. Consider whether you might outgrow the space in 5-7 years. If so, factor in potential moving costs when making your decision. Alternatively, some buyers convert a bedroom to an office and make it work long-term.
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 $3,246 (mortgage, taxes, insurance). Consider whether you're comfortable with this as both a home and a financial commitment.