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$639,000
DOM88days55 Mercer Street · Toronto · Ontario M5V 0W4
88 days on market
Welcome to 55 Mercer Street - a sleek and modern one-bedroom suite with Balcony in the heart of downtown Toronto. Featuring contemporary finishes and a functional layout, this unit offers an ideal blend of comfort, style, and convenience.Enjoy exceptional walkability with TTC access, shops, theatres, restaurants, cafés, entertainment, and everyday essentials just steps from your door.Residents have access to an impressive selection of building amenities, including a fitness centre, party room, 2…
Could save you thousands on this purchase — closing strategy, negotiation & rebate.
Insufficient comparable sales to generate an estimate. Boost accuracy on MyStreetValue →
Seller signals
No price-drop or motivated-seller signals detected from MLS data we track on this listing.
Property history
Comparable sales
Brokered by: REAL ESTATE HOMEWARD
Source: TRREB/PROPTX · MLS® C13610516
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20%+ down — no CMHC premium
≈ $0.07/ft² × ~250 ft² · ON avg ~$75/mo
Typical ON gas-heated home · ~$125/mo
ON municipal avg ~$60/mo
ON internet/TV avg ~$70/mo
1% of value/yr — standard reserve
Landscaping & snow removal · $0 default
$100/mo default · adjust for your home
Optional monitoring · $0 default
From listing or typical fee
Cost composition
Mortgage is 46% of your true cost of ownership. The other 54% surprises most first-time buyers.
Full breakdown
| Mortgage & financing | ||
| Mortgage (P+I) | $29,090 | $2,424/mo |
| Government & taxes | ||
| Property tax | $2,873 | $239/mo |
| Land transfer tax(closing) | $9,255 | $771/mo |
| Insurance & protection | ||
| Home insurance | $1,200 | $100/mo |
| Title insurance(closing) | $400 | $33/mo |
| Utilities | ||
| Hydro / electricity | $900 | $75/mo |
| Gas | $1,500 | $125/mo |
| Water & sewer | $720 | $60/mo |
| Internet / TV / phone | $840 | $70/mo |
| Maintenance & upkeep | ||
| Maintenance reserve (1.0%) | $6,390 | $533/mo |
| Condo fees | ||
| Condo / HOA fees | $5,100 | $425/mo |
| Closing costs (one-time) | ||
| Legal / lawyer(closing) | $2,500 | $208/mo |
| Home inspection(closing) | $600 | $50/mo |
| Moving costs(closing) | $2,000 | $167/mo |
| Total | $63,368 | $5,281/mo |
Listing facts below · Ontario averages for utilities — drag sliders to match your home. CMHC added to loan principal only — not double-counted in chart.