517-8 Mercer St
Waterfront Communities C1, Toronto, Ontario M5V 0C4
- Bedrooms
- 1
- Bathrooms
- 1
- Size
- 500–599sq ft
- Per sq ft
- $799at the range’s middle
- Tax a year
- $3,1292025 tax year
- Built
- 0-5
- Parking
- 0none
- Days on market
- Members
The brief
About 517-8 Mercer St
517-8 Mercer St is a 1-bedroom, 1-bathroom condo in Waterfront Communities C1, Toronto, listed for sale at an asking price of $439,000 (MLS® C14159622).
Live where the city happens. This one-bedroom at the Mercer, 8 Mercer Street, sits on a cobblestone street in the Entertainment District, steps from King West dining, TIFF Bell Lighthouse and the theatres. Rogers Centre, the CN Tower, PATH and St. Andrew TTC Subway Station are an easy walk away. Hardwood throughout. The 2015 Graywood tower offers 24-hour concierge, fitness, a party room and rooftop terrace. Discover why living here feels like having the best seat in the city. Suite 517 is ready to welcome you home.
Insights
Condition Score
Fair66/1004 condition-related facts documented
Source: Listing age, structured features and disclosed update language; not an inspection.
Cashflow Quality
Near break-even50/100−$263/mo against the cost of owning (20% down, 4.8%, 25 yrs)
Source: Median of 190 condos with 1 bedroom for lease in Waterfront Communities C1 right now. Cost of owning counts the mortgage, property tax and the condo fee.
Condition uses listing-record signals, not an inspection.
The home
Key facts
- Tax
- $3,129 / 2025
- MLS® number
- C14159622
- Board
- TRREB MLS®
- Property Type
- Condo Apt
- Building Age
- 0-5
- Days on market
- Size
- 500-599 sqft
- Listed on
- Parking
- None, 0 Parking
Property details
Property
- Property Type
- Condo Apt
- Style
- Apartment
- Community
- Waterfront Communities C1
- Municipality
- Toronto
Building
- Size
- 500-599 sqft
- Building Age
- 0-5
- Construction
- Concrete
Inside
- Bedrooms
- 1
- Bathrooms
- 1
- Bathroom Details
- 1 × 4pc Main
- Basement Type
- None
- Kitchens
- 1
Parking
- Garage Type
- None
- Additional Parking
- 0
- Total Parking
- 0
Utilities
- Cooling
- Central Air
- Heating Type
- Forced Air
Additional
- Fireplace
- No
- Den
- No
- Family room
- No
- Condo maint.
- $399
Rooms
| Room | Size | Features | Level |
|---|---|---|---|
| Living | 3.75 × 2.47 m | hardwood floor, W/O To Balcony, Open Concept | Main |
| Kitchen | 3.84 × 2.13 m | Combined W/Dining, hardwood floor, Centre Island | Ground |
| Dining | 3.84 × 2.13 m | Combined W/Kitchen, hardwood floor, Breakfast Bar | Ground |
| Br | 274.0 × 323.0 m | hardwood floor, Closet | Ground |
Listing history
Buy/sell history for 517-8 Mercer St, Toronto, Ontario
Sale history on this site covers the last 2 years, the window permitted under the TRREB MLS® VOW agreement.
| Date Start | Date End | List Price | Price | Event | Listing ID |
|---|---|---|---|---|---|
| Date StartN/A | N/A | $439,000 | N/A | For Sale | C14159622 |
Members see the full history. Prices are hidden from signed-out visitors.
The numbers
Mortgage Calculator
Plan with the current asking price
CMHC insurance: not required at 20% down. Payments use Canadian semi-annual compounding.
Mortgage Details
4.8% · 5-year term · 25-year amortization · 20% down
- Total down payment
- $87,800
- Total mortgage amount
- $351,200
- Total interest payment
- $249,700
- Total purchase cost
- $688,700
- Mortgage payment
- $2,003/mo
Cash Flow Analysis
If you rented this home out at 20% down
Break-even down payment
30%Monthly carrying cost
$2,663- Rent $2,400
- Shortfall $263
Rental income opens at $2,400, the median asking rent of 190 comparable homes for lease in Waterfront Communities C1. Type over it with the rent you expect. This is a planning tool, not advice.
Land transfer tax on this home
- Ontario land transfer tax
- $5,255
- Toronto municipal land transfer tax
- $5,255
- Total land transfer tax
- $10,510
- First-time buyer rebates (Ontario up to $4,000 + Toronto up to $4,475)
- −$8,475
- Total for first-time buyers
- $2,035
See how this is worked out
- 0.5% on the first $55,000
- $275
- 1.0% from $55,000 to $250,000
- $1,950
- 1.5% from $250,000 to $400,000
- $2,250
- 2.0% from $400,000 to $439,000
- $780
- Ontario total
- $5,255
Toronto’s municipal tax uses the same brackets at this price, so it adds another $5,255.
An estimate at the asking price, for a home with one or two single-family residences. Your lawyer confirms the exact amount.
Estimate
Estimated value requires sign in
Market estimates use sold comparables and are available after you sign in and accept MLS® VOW terms.
The estimate is an automated value built from public and MLS® data. It is not an appraisal; ask Yossi Kaplan, MBA, Salesperson for a full comparative market analysis.
Comparable sales
Comparable sales require sign in
Closing prices and sold comps are available to registered visitors who accept MLS® VOW terms on this site.
The land
Heritage and ravine protection
- Not found on the Heritage Register
- Not in a mapped Heritage Conservation District
- Not in the mapped ravine protection area
What this means: None of these City records was found at this address. That does not rule out other approvals, such as a conservation authority permit, so check before you plan work.
City of Toronto Heritage Register, Heritage Conservation Districts and the Ravine and Natural Feature Protection by-law, read at this address from the City’s maps. Contains information licensed under the Open Government Licence – Toronto.
Zoning
By-law
See Former City of Toronto By-Law No. 438-86What this means:the City’s 2013 zoning by-law does not cover this land, so the former municipality’s by-law still sets what may be built. Confirm the rules with the City before you plan.
City of Toronto zoning map, read at this address. Open the City’s zoning map. Contains information licensed under the Open Government Licence – Toronto.
Permit history
22 building permits cleared at this address in the City’s file.
Building Permit Related(MS)Closed
HVAC - Proposal for interior alterations for new Dog Grooming and Dog Daycare Center - 'PAWSITIVE VIBES'. Convenience address is 10 Mercer St
Issued July 9, 2026
Building Permit Related(PS)Closed
Plumbing - Proposal for interior alterations for new Dog Grooming and Dog Daycare Center - 'PAWSITIVE VIBES'. Convenience address is 10 Mercer St
Issued July 9, 2026
Interior AlterationsClosed
Proposal for interior alterations for new Dog Grooming and Dog Daycare Center - 'PAWSITIVE VIBES'. Convenience address is 10 Mercer St
Issued July 9, 2026
Other(FS)Permit Issued
Fire Backflow Replacement
Issued May 15, 2026
Building Permit Related(MS)Closed
REVISION - revised layoutHVAC - Proposal fir interior alterations of the existing retail suite into a wellness studio. The work includes construction of new partitions for washrooms, consultation rooms, a raised deck for 3 plunge pools, and 2 saunas. The work includes demolition and alteration to existing HVAC and electrical systems within the retail suite.
Issued September 18, 2025
Building Permit Related(PS)Closed
Plumbing - Proposal fir interior alterations of the existing retail suite into a wellness studio. The work includes construction of new partitions for washrooms, consultation rooms, a raised deck for 3 plunge pools, and 2 saunas. The work includes demolition and alteration to existing HVAC and electrical systems within the retail suite.
Issued January 9, 2025
Interior AlterationsClosed
Proposal for interior alterations of the existing retail suite into a wellness studio. The work includes construction of new partitions for washrooms, consultation rooms, a raised deck for 3 plunge pools, and 2 saunas. The work includes demolition and alteration to existing HVAC and electrical systems within the retail suite.
Issued January 9, 2025
Building Permit Related(FS)Cancelled
FS - Sprinkler Shop Drawing - Proposal for interior alterations of the existing retail suite into a wellness studio. The work includes construction of new partitions for washrooms, consultation rooms, a raised deck for 3 plunge pools, and 2 saunas. The work includes demolition and alteration to existing HVAC and electrical systems within the retail suite.
Completed October 8, 2025
City of Toronto Open Data — cleared building permits, which begin in 2017. Contains information licensed under the Open Government Licence – Toronto.
Signals around this home
Changing nearby. 6 open development applications within 800 m of this home.
305 KING ST WSite planUnder Review
Site Plan approval application at 301-319 King Street West to facilitate the re-development of the site with a 50-storey (157 metre tall including the mechanical penthouse) mixed-use building containing retail, restaurant and office uses within the first 3 floors and 403 residential units above. A total of 97 parking spaces are proposed within a four level underground parking garage. Portions of the heritage buildings on the site are proposed to be retained and integrated into the podium. This application is being reviewed in conjunction with an application to Amend the Zoning By-law (File No. 13-144733 STE 20 OZ) approved by the OLT.
40 m away303 KING ST WSite planUnder Review
Site Plan approval application at 301-319 King Street West to facilitate the re-development of the site with a 50-storey (157 metre tall including the mechanical penthouse) mixed-use building containing retail, restaurant and office uses within the first 3 floors and 403 residential units above. A total of 97 parking spaces are proposed within a four level underground parking garage. Portions of the heritage buildings on the site are proposed to be retained and integrated into the podium. This application is being reviewed in conjunction with an application to Amend the Zoning By-law (File No. 13-144733 STE 20 OZ) approved by the OLT.
40 m away301 KING ST WSite planUnder Review
Site Plan approval application at 301-319 King Street West to facilitate the re-development of the site with a 50-storey (157 metre tall including the mechanical penthouse) mixed-use building containing retail, restaurant and office uses within the first 3 floors and 403 residential units above. A total of 97 parking spaces are proposed within a four level underground parking garage. Portions of the heritage buildings on the site are proposed to be retained and integrated into the podium. This application is being reviewed in conjunction with an application to Amend the Zoning By-law (File No. 13-144733 STE 20 OZ) approved by the OLT.
50 m away309 KING ST WSite planUnder Review
Site Plan approval application at 301-319 King Street West to facilitate the re-development of the site with a 50-storey (157 metre tall including the mechanical penthouse) mixed-use building containing retail, restaurant and office uses within the first 3 floors and 403 residential units above. A total of 97 parking spaces are proposed within a four level underground parking garage. Portions of the heritage buildings on the site are proposed to be retained and integrated into the podium. This application is being reviewed in conjunction with an application to Amend the Zoning By-law (File No. 13-144733 STE 20 OZ) approved by the OLT.
50 m away315 KING ST WSite planUnder Review
Site Plan approval application at 301-319 King Street West to facilitate the re-development of the site with a 50-storey (157 metre tall including the mechanical penthouse) mixed-use building containing retail, restaurant and office uses within the first 3 floors and 403 residential units above. A total of 97 parking spaces are proposed within a four level underground parking garage. Portions of the heritage buildings on the site are proposed to be retained and integrated into the podium. This application is being reviewed in conjunction with an application to Amend the Zoning By-law (File No. 13-144733 STE 20 OZ) approved by the OLT.
60 m away317 KING ST WSite planUnder Review
Site Plan approval application at 301-319 King Street West to facilitate the re-development of the site with a 50-storey (157 metre tall including the mechanical penthouse) mixed-use building containing retail, restaurant and office uses within the first 3 floors and 403 residential units above. A total of 97 parking spaces are proposed within a four level underground parking garage. Portions of the heritage buildings on the site are proposed to be retained and integrated into the podium. This application is being reviewed in conjunction with an application to Amend the Zoning By-law (File No. 13-144733 STE 20 OZ) approved by the OLT.
60 m away
City of Toronto Open Data — Development Applications and Building Permits (cleared permits since 2017). An application is a proposal: it may change, be refused or never be built. Contains information licensed under the Open Government Licence – Toronto.
The market
Condos for sale in Waterfront Communities C1 right now
- For sale now
- 633
- Median asking price
- $629K
- New in 7 days
- 75
- Price cuts
- 20%
Middle half: $535K to $838K
259 in 28 days
129 listings
This home is asking 30% below the median, lower than three quarters of them.
See all homes in Waterfront Communities C1Asking prices and counts of the MLS® listings on this site as of today. Asking figures only, never sold or leased prices.
Market area · filters apply to the charts below
The street
Map and tour
Transit nearby
| Station | Lines | Distance |
|---|---|---|
| St Andrew Station | TTC subway: Line 1 Yonge-University | 450 m |
| Osgoode Station | TTC subway: Line 1 Yonge-University | 600 m |
| Union Station | TTC subway: Line 1 Yonge-UniversityGO Transit train: Barrie, Kitchener, Lakeshore East, Lakeshore West, Milton, Richmond Hill, StouffvilleUP Express train | 800 m |
| St Patrick Station | TTC subway: Line 1 Yonge-University | 1 km |
| King Station | TTC subway: Line 1 Yonge-University | 1 km |
The nearest subway, light rail, train, bus rapid transit stations 5 km, as the crow flies. Source: TTC schedule data (GTFS) from the Toronto Transit Commission under the Open Government Licence – Toronto; GO Transit and UP Express schedule data (GTFS) from Metrolinx under the Open Government Licence – Ontario – Metrolinx, downloaded October 18, 2026. Contains information licensed under the Open Government Licence – Toronto. Data used in this product or service is provided with the permission of Metrolinx. Metrolinx makes no representations or warranties of any kind, express or implied, with respect to the Data and assumes no responsibility for the accuracy or currency of the data used in this product or service. Contains information licensed under the Open Government Licence – Ontario – Metrolinx.
Schools nearby
| Elementary | Type | Distance | EQAO average 2024–25 |
|---|---|---|---|
| Ogden Junior Public SchoolToronto DSB | Public · grades JK–6 | 600 m | 72%Grade 6 average |
| Bishop Macdonell Catholic SchoolToronto CDSB | Catholic · grades JK–8 | 800 m | 84%Grade 6 average |
| Jean Lumb Public SchoolToronto DSB | Public · grades JK–8 | 850 m | 83%Grade 6 average |
| École élémentaire Gabrielle-RoyConseil scolaire Viamonde | French-language public · grades JK–6 | 1.9 km | 96%Grade 6 average |
| Secondary | Type | Distance | Grade 9 math 2024–25 |
|---|---|---|---|
| Heydon Park Secondary SchoolToronto DSB | Public · grades 9–12 | 1.1 km | 8%Grade 9 math |
| Subway Academy IIToronto DSB | Public · grades 9–12 | 1.2 km | — |
| St Michael's Choir (Sr) SchoolToronto CDSB | Catholic · grades 9–12 | 1.4 km | 96%Grade 9 math |
| Collège français secondaireConseil scolaire Viamonde | French-language public · grades 9–12 | 2.1 km | 86%Grade 9 math |
EQAO: share of students at or above the provincial standard, 2024–25 (Ontario open data). These are the schools nearest this home, not the schools it is assigned to: boundaries change, and some schools take students by application. Confirm with the board before you buy. Contains information licensed under the Open Government Licence – Ontario.
The verdict
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Sold prices in Waterfront Communities C1 are shown to signed-in members.