1611 - 55 Mercer Street

Bay Street Corridor, Toronto

1611 - 55 Mercer Street, Bay Street Corridor, Toronto

$649,000

Bedrooms: 2

Bathrooms: 2

Living Area: 700 sqft

Price Per Sqft: $927.14

About this Condo

in Bay Street Corridor, Toronto

Experience luxury downtown living in this corner condominium featuring 2 spacious bedrooms and 2 full 4 piece bathrooms. This bright and modern suite offers floor to ceiling windows, soaring 9 foot ceilings, a stylish kitchen with stone countertops, and premium built in appliances.Residents are welcomed by an elegant lobby designed by FENDI and enjoy access to over 18,000 square feet of exceptional indoor and outdoor amenities. Stay active with a fully equipped 24 hour fitness centre featuring Peloton bikes, dedicated strength and cardio areas, private Peloton pods, a cross training zone, yoga studio, sauna, outdoor fitness space, and basketball court. Relax and entertain with BBQ areas, fire pits, beautifully landscaped outdoor spaces, and a designated dog run.Located in the heart of Toronto's vibrant Entertainment District, this residence is just steps from the CN Tower, Rogers Centre, Financial District, world class dining, shopping, theatres, and convenient public transit. Enjoy outstanding walk and transit scores, making it easy to experience everything the city has to offer.One locker is included. Additional building features include 24 hour concierge service, automated parcel lockers, and modern co working and private meeting spaces, offering the perfect blend of luxury, comfort, and convenience.

Listed by LUXURY HOMES WORLD INC..

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LAND TRANSFER TAX CALCULATOR

Purchase Price  
First-Time Home Buyer
Ontario Land Transfer Tax
Toronto Land Transfer Tax

Province of Ontario (effective January 1, 2017)

For Single Family or Two Family Homes

  • Up to and including $55,000.00 -> 0.5%
  • $55,000.01 to $250,000.00 -> 1%
  • $250,000.01 to $400,000 -> 1.5%
  • $400,000.01 & $2,000,000.00 -> 2%
  • Over $2,000,000.00 -> 2.5%

First-time homebuyers may be eligible for a refund of up to $4,000.

Source: Calculating Ontario Land Transfer Tax
Source: Ontario Land Transfer Tax for First-Time Homebuyers

City of Toronto (effective March 1, 2017)

For Single Family or Two Family Homes

  • Up to and including $55,000.00 -> 0.5%
  • $55,000.01 to $250,000.00 -> 1%
  • $250,000.01 to $400,000 -> 1.5%
  • $400,000.01 & $2,000,000.00 -> 2%
  • Over $2,000,000.00 -> 2.5%

First-time homebuyers may be eligible for a rebate of up to $4,475.

Source: Municipal Land Transfer Tax Rates and Calculations
Source: Municipal Land Transfer Tax Rates Rebate Opportunities

MORTGAGE CALCULATOR

     
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* This material is for informational purposes only.

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