$400K · 0 bed Condo Apartment · Waterfront Communities C1, Toronto

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About this home

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 q…

Property details

MLS#

C13119460

Status

Buy Now

Beds

Baths

1 full, 0 half

Size

0-499

Style

Apartment

Type

Condo Apartment

Year built

—

Property features: Clear View, Library, Park, Public Transit

Building name: The Mercer
Condo corp #: 2460
Balcony: Open
Locker: None
Association amenities: Concierge, Gym, Party Room/Meeting Room, Rooftop Deck/Garden, Visitor Parking
Fees include: Water Included, Common Elements Included, Building Insurance Included
Pets: Yes-with Restrictions

Garage: None
Garage spaces: 0
Parking: 0 total
Heating: Heat Pump
Heating fuel: Electric
Cooling: Central Air
Fireplaces: —
Waterfront: No
Exterior: Brick
Fronting on: —
Cross street: KING ST W AND JOHN ST
Basement: None
Stories: 28
Utilities: —
Laundry: Ensuite
Interior: Carpet Free
Parking features: None

Level	Room	Dimensions
Flat	Living Room	3.41m × 3.55m
Flat	Dining Room	3.23m × 3.38m
Flat	Kitchen	3.23m × 3.38m

Level

Room

Dimensions

Flat

Living Room

3.41m × 3.55m

Flat

Dining Room

3.23m × 3.38m

Flat

Kitchen

3.23m × 3.38m

Annual costs

Monthly carrying costs, utilities, and closing cost estimates.

Pre-filled from listing✓ $399,999✓ $2,534 tax✓ Electric✓ 0-499 ft²✓ Ontario· Listing facts below · Ontario averages for utilities — drag sliders to match your home

Monthly all-in

$3,496/mo

incl. closing costs (yr 1)

Annual total

$41,948

year 1

Mortgage only

$1,517/mo

principal + interest

Beyond mortgage

$1,147/mo

taxes, utilities, upkeep

Financing

Purchase price

Down payment20%$80,000

20%+ down — no CMHC premium

Mortgage rate3.00%

Amortization

Province

Government

Property tax (annual)from listing$211/mo

Utilities

Hydro / electricity$75/mo

≈ $0.13/ft² × ~250 ft² · incl. electric heat

Heat$0/mo

Electric heat — no gas service · see hydro

Water / sewer$60/mo

ON municipal avg ~$60/mo

Internet / TV / phone$70/mo

ON internet/TV avg ~$70/mo

Maintenance & upkeep

Maintenance reserve1.0%$4,000/yr

1% of value/yr — standard reserve

Landscaping & snow$0/mo

Landscaping & snow removal · $0 default

Home insurance$100/mo

$100/mo default · adjust for your home

Security system$0/mo

Optional monitoring · $0 default

Condo / HOA fees (mo)$25/mo

From listing or typical fee

Closing costs (one-time, year 1)

Land transfer tax (ON)computed$4,475

Legal / lawyer fees

Home inspection

Title insurance

Moving costs

CMHC premiumNone (20%+ down)

Cost composition

Mortgage (P+I)43% $18,210/yr

Property taxes17% $7,009/yr

Utilities6% $2,460/yr

Insurance & security4% $1,600/yr

Maintenance10% $4,000/yr

Condo fees9% $3,569/yr

Closing costs12% $5,100/yr

Mortgage is 43% of your true cost of ownership. The other 57% surprises most first-time buyers.

Full breakdown

Mortgage & financing
Mortgage (P+I)	$18,210	$1,517/mo
Government & taxes
Property tax	$2,534	$211/mo
Land transfer tax(closing)	$4,475	$373/mo
Insurance & protection
Home insurance	$1,200	$100/mo
Title insurance(closing)	$400	$33/mo
Utilities
Hydro / electricity	$900	$75/mo
Water & sewer	$720	$60/mo
Internet / TV / phone	$840	$70/mo
Maintenance & upkeep
Maintenance reserve (1.0%)	$4,000	$333/mo
Condo fees
Condo / HOA fees	$3,569	$297/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	$41,948	$3,496/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.

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Unit 2803

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Annual costs