$399,999 - 8 Mercer Street Unit 2803, Downtown Toronto
Condo for Sale in Downtown Toronto
35 days on market- MLS Number
- C13119460
- Property Type
- Condo
- Status
- active
- Days on Site
- 35
- Bedrooms
- 0
- Bathrooms
- 1
- Square Feet
- N/A sqft
- Neighbourhood
- Downtown Toronto / Waterfront
- Locker
- None
- Exposure
- East
- Balcony
- Open
- Listing Brokerage
- UNION CAPITAL REALTY
Welcome to Suite 2803 at The Mercer - a bright and stylish downtown Toronto condo in the heart of the Entertainment District. This elevated studio offers 9-foot ceilings, floor-to-ceiling windows, and an open-concept layout that maximizes space, natural light, and functionality. Enjoy clear east-facing views of the CN Tower and Rogers Centre from your private balcony - the perfect urban backdrop for everyday living or a smart investment opportunity. The thoughtfully designed interior features quartz countertops, built-in appliances, engineered hardwood floors, and a versatile central island ideal for dining, working from home, or entertaining. The modern 3-piece bathroom adds a clean, refined finish to this efficient and well-appointed suite. Whether you're a first-time home buyer looking for a move-in-ready condo or an investor seeking a prime Toronto real estate opportunity, this suite checks all the boxes. Located steps from the PATH, St. Andrew Station, TIFF, Roy Thomson Hall, restaurants, nightlife, and daily essentials, this unbeatable location offers a Walk Score of 99 and Transit Score of 100. Residents enjoy premium amenities including a full fitness centre, Scandinavian-inspired spa, private screening room, party lounge, and an impressive 10,000 sq. ft. rooftop terrace with BBQs and panoramic skyline views.
Estimate your monthly payments for this property
Estimated Payment
$2,052.20/mo
Includes CMHC insurance ($11,160)
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.
8 Mercer Street Unit 2803, Downtown Toronto / Waterfront
Open in Google MapsUse the map controls to zoom, pan, and switch between map and satellite views. Drag to explore the neighbourhood.
Rental income estimator & ROI calculator
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
Market Position
At 35 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 0 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.
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.