$1,225,000 - 5 Mariner Terrace Unit 1503, Downtown Toronto
Condo for Sale in Downtown Toronto
Popular ListingNeighbourhood: Waterfront Communities C1
- MLS Number
- C13678512
- Property Type
- Condo
- Status
- active
- Days on Site
- 9
- Bedrooms
- 3
- Bathrooms
- 2
- Square Feet
- 1,200 sqft
- Neighbourhood
- Downtown Toronto / Waterfront
- Locker
- Owned
- Exposure
- South West
- Balcony
- Open
- Listing Brokerage
- KELLER WILLIAMS REFERRED URBAN REALTY
Stunning Lake Views & Natural Light in this Corner Suite with Both South and West Views! Spacious Open Concept Floorplan approx 1268sqft. Freshly Painted Throughout and Brand New Engineered Luxury Vinyl Flooring, Brand New Fridge and Gas Stove, New Light Fixtures in the Primary Bedroom and Hallways. Features a Modern Split 2 Bedrooms + large Den. High Ceilings. No Carpets! Primary Bedroom with Walk-in Custom Closet, Ensuite Bath (Tub and Shower), Motorized Blinds. Gourmet Kitchen W/ Breakfast Bar, Separate Pantry, Gas Stove & Stainless Steel Appliances. Feature wall in the Living Room. Dimmable Lights in Living and Dining Rooms. Located in a separate building next door is a 30,000 sqft Amenities Super Club. Indoor pool, Tennis Court, Basketball Court, Gym, Running Track, Outdoor Patio and more! Walk to CN Tower, Rogers Centre (Skydome), TTC, Union Station, Restos, Parks, Hwy+ Utilities are All Inclusive! Parking & Storage Locker Included. ***Some Photos are Virtually Staged.
Estimate your monthly payments for this property
Estimated Payment
$5,418.59/mo
5-yr fixed avg.
Rates shown are estimates based on typical Ontario 5-year fixed rates. Canadian mortgages use semi-annual compounding as required by law. CMHC insurance applies to purchases under $1.5M with less than 20% down. Estimated property tax uses an approximate 0.85% rate. Contact us for current rate options and pre-approval.
Discover Waterfront Communities C1
Waterfront Communities C1 is a vibrant community in the Greater Toronto Area, offering excellent amenities, schools, and transportation options. This area is popular with families and professionals seeking a balanced lifestyle with access to urban conveniences and natural spaces.
Why Live in Waterfront Communities C1
- •Convenient location in Downtown Toronto / Waterfront
- •Access to local shops and dining
- •Good public transit connections
- •Community parks and green spaces
- •Well-maintained neighbourhoods
Nearby Schools
Transit & Commuting
- •MiWay bus routes throughout the area
- •GO Transit stations within driving distance
- •Easy highway access to 401/403/QEW
- •Walking distance to local amenities
Parks & Amenities
- •Local parks and recreational facilities
- •Community centres
- •Shopping plazas nearby
- •Restaurants and cafes
Lifestyle & Community
Waterfront Communities C1 offers a wonderful quality of life with a mix of residential charm and urban convenience. Residents enjoy easy access to schools, parks, and shopping, making it an ideal location for families and professionals alike.
5 Mariner Terrace Unit 1503, Downtown Toronto / Waterfront
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Monthly Cash Flow Breakdown
Note: These are estimates only. Actual figures may vary based on market conditions, property condition, and other factors. Consult with a financial advisor for personalized advice.
Joe's Thoughts
Honest perspective from 30+ years of GTA real estate experience
Fair Market Value
At $1021/sqft, this property is priced in line with current Downtown Toronto market conditions. The pricing suggests the seller has done their homework. We may have modest room for negotiation, typically 2-4% in today's market.
Condo Considerations
For condos, I always review the status certificate thoroughly. Key things I look for: reserve fund health (should be well-funded), any upcoming special assessments, rules that might affect your lifestyle (pets, rentals, renovations), and the corporation's financial statements. We'll want to verify the monthly fees and what they include.
Starter Home Potential
3 bedrooms works well for couples planning families or small families with one child. Consider whether you might outgrow the space in 5-7 years. If so, factor in potential moving costs when making your decision. Alternatively, some buyers convert a bedroom to an office and make it work long-term.
About Waterfront Communities C1
I know Waterfront Communities C1 well from working with many buyers and sellers here. Each pocket has its own character - let me share what I've learned about this specific street and block. During our showing, I'll point out local amenities, school catchments, and what similar homes have sold for recently.
Investment Perspective
Looking at this as an investment: Downtown Toronto properties have averaged 5-7% annual appreciation over the past decade. Your estimated monthly carrying costs would be around $5,104 (mortgage, taxes, insurance). Consider whether you're comfortable with this as both a home and a financial commitment.
Let's See It Together
Photos only tell part of the story. During our showing, I'll point out things the camera doesn't capture: neighbourhood feel, natural light quality, traffic noise, and overall condition. I'll also share what comparable homes have sold for and help you craft a winning strategy if you decide to move forward.