35 Mercer Street 3011, Toronto C01

$679,000
35 Mercer Street 3011

$679,000

New
23d
Condo ApartmentApartment

35 Mercer Street 3011, Toronto C01

Total Monthly Obligation $3,734

Beds
2
Baths
2
Park
0
Sqft
600-699
DOM
23d
Score
18
Yield
5.0%
Cash on Cash
-5.8%
Cap Rate
3.3%
5Y IRR
11.0%
10Y IRR
11.0%
Property Type-Condo Apartment
MLS® Number-C13843170
Beds-2
Bathrooms-2
Size-600-699 sqft
Listed on site-Sep 30, 2026
Style-Apartment
Building Type-Condo Apartment
Taxes-$3,629.39 (2026)
Maintenance-$493/mo
Locker-None
Parking-None
Basement-None
Heating-Forced Air (Gas)
Brokerage-SUTTON GROUP-ADMIRAL REALTY INC.
Cooling-Central Air
Laundry-Yes
Fireplace-No
Pool-None
Exterior-Concrete
Possession-Flex Closing
Neighbourhood-Waterfront Communities C1
Title-Residential Condo & Other

No agent assigned

Experience elevated downtown living at Nobu Residences! This southwest-facing 2-bedroom, 2-bathroom suite offers approximately 652 sq. ft. of thoughtfully designed living space and panoramic city and skyline views from the 30th floor. Expansive windows fill the open-concept living, dining, and kitchen area with natural light, complemented by contemporary laminate flooring throughout.The sleek modern kitchen features quartz countertops and backsplash, pot lights, and premium built-in Miele appliances. The spacious primary bedroom offers a generous sliding-door closet and private 3-piece ensuite with a frameless glass walk-in shower, built-in vanity, and stylish tile flooring. The second bedroom features laminate flooring and another large sliding-door closet. A separate 4-piece bathroom and convenient in-suite laundry complete the functional layout.Residents enjoy an impressive collection of resort-inspired amenities, including 24-hour concierge, state-of-the-art fitness centre, yoga and spin studios, hot tub, cold plunge, dry sauna, steam room, massage and change rooms. Additional amenities include a rooftop terrace and garden, multiple BBQ and prep areas, party and private dining rooms, lounge, screening/media room, conference and meeting spaces, games lounge, bike storage, visitor parking, and outdoor basketball courtyard.Ideally located in Toronto's vibrant Entertainment District, you're moments from the CN Tower, Rogers Centre, Scotiabank Arena, Ripley's Aquarium, Roy Thomson Hall, AGO, ROM, Mount Sinai Hospital, celebrated restaurants, cafés, nightlife, and premier shopping. Enjoy easy access to Queens Quay and the waterfront, including Harbourfront Centre, Harbour Square Park, and Toronto Music Garden.Steps to Union Station and TTC service, with convenient access to the Gardiner Expressway, this exceptional residence puts the best of downtown Toronto right at your doorstep.

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(utilities, internet...)
$
%
%

Closing Costs

Mortgage Amount
$543,200
Land Transfer Taxes$10,055
Legal Fees (Est.)
$
Total cash required for closing$147,355

Total Monthly Obligation

$3,734/mo
Mortgage $2,739
Monthly Loss $3,014
Principal$721
Interest$2,018
Property Tax$302
Condo Fees$493
Home Insurance$50
Variable Costs$150
Returns
Weight: 25%
Cap Rate
2.7%16
Cash-on-Cash
-9.9%1
5-Year IRR
7.9%23
10-Year IRR
9.1%
Returns Index
12.7/ 100
Growth Sentiment
Weight: 20%
%/yr
Score+50
%/yr
Score+50
%
%
Growth Index
50.0/ 100
GradeD
18/ 100
Avoid•Pass

Strategy: Buy & Hold — Weights: CFI 35% · RI 25%
RKI 20% · GI 20%

Assumptions & Inputs
$/mo
%
$
yr
%
Cash Flow
Weight: 35%
Gross Rent
$33,780/yr
NOI
$18,457/yr
Net Cash Flow
-$1,201/mo
Cash Margin
-42.7%0
Cash Flow Index
0.0/ 100
Risk Profile
Weight: 20%
DSCR
0.566
LTV Ratio
80.0%18
Vacancy Buffer
2.6 mo42
Risk Index
22.0/ 100

*This analysis is independently generated NOT provided by TREB or CREA.

Comparables

Properties near 35 Mercer Street 3011

Time

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