$1,149,000 - 5 Mariner Terrace Unit 2102, Downtown Toronto
Condo for Sale in Downtown Toronto
44 days on market- MLS Number
- C13064546
- Property Type
- Condo
- Status
- active
- Days on Site
- 44
- Bedrooms
- 3
- Bathrooms
- 2
- Square Feet
- 1,200 sqft
- Neighbourhood
- Downtown Toronto / Waterfront
- Locker
- Owned
- Exposure
- South East
- Balcony
- Open
- Listing Brokerage
- RIGHT AT HOME REALTY
Rarely available sun-drenched southeast corner "02" suite at the prestigious Harbour View Estates, offering 1,268 sq ft of refined living with breathtaking floor-to-ceiling views of Lake Ontario, the iconic CN Tower, & the vibrant Toronto skyline. This expansive layout features 2 bedrooms, 2 full bathrooms, & a large enclosed den thoughtfully designed with built-in Murphy bed & desk ideal as a third bedroom or private home office. The intelligently separated bedroom layout ensures maximum privacy for families. Elegant upgrades throughout include rich Jatoba hardwood flooring, Hunter Douglas blinds, custom Elfa closet systems, built-in wired sound system, pot lights, & newly updated bathroom vanities. The chef-inspired kitchen is equipped w/brand new premium Cafe SS appliances, including a dual-fuel, dual-oven range, refrigerator with ice & water, and convection microwave. Additional features include Miele dishwasher, wine fridge, & stacked washer/dryer. Enjoy the convenience of included parking & locker, plus ample visitor parking, car wash station, & 4 rentable guest suites. All-inclusive maintenance fees cover utilities & provide access to the renowned 30,000 sq ft, three-level SuperClub featuring a 25m indoor pool, full gymnasium, state-of-the-art fitness centre, tennis & squash courts, spin studio, theatre, bowling lanes, sauna, jacuzzi, BBQ area, children's play spaces, dog park, & rooftop party room. Unbeatable waterfront location just steps to water taxis to the Toronto Islands, Rogers Centre, Scotiabank Arena, Ripley's Aquarium of Canada, & the vibrant King West district. Walk to Union Station, the Financial District, & enjoy seamless access to transit including the Spadina streetcar, UP Express, GO Transit, & VIA Rail. Minutes to Billy Bishop Toronto City Airport and connected pathways including The PATH and waterfront bike trails. With an exceptional Walk Score of 96, this residence offers unmatched urban convenience alongside luxury waterfront living.
Estimate your monthly payments for this property
Estimated Payment
$5,082.41/mo
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.
5 Mariner Terrace Unit 2102, 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 $958/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 44 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.
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 $4,788 (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.