No55 Mercer Condos
About No55 Mercer Condos
No55 Mercer Condos is located in the heart of downtown Toronto where excitement lives on late into the night. Standing a stunning 45 storeys tall, No55 Mercer Condos will be a staple development next to the Rogers Centre. No55 Mercer Condos is developed by CentreCourt Developments who is also know for their Transit City, Prime, and Karma condos.
No55 Mercer Condos Details
|Address||99 Blue Jays Way|
|Number of Storeys||45|
|Number of Units||557|
No55 Mercer Condos Location
No55 Mercer Condos is located in the centre of Toronto’s best entertainment and nightlife. Situated a block east of King St. and Spadina Ave. No55 Mercer Condos is surrounded by the best nightlife in the Entertainment District, the hustle and bustle of the Financial District, world-class shopping in the Fashion District, and authentic international cuisine in Chinatown.
No55 Mercer Condos is a short walk to reach notable Toronto attractions like Roy Thomson Hall, Princess of Wales Theatre, and TIFF Bell Lightbox. No55 Mercer Condos is also conveniently located just north of the CN Tower, Rogers Centre, and Ripley’s Aquarium.
Despite No55 Mercer Condos being in the heart of downtown, residents are not secluded to a concrete jungle. In a short walk or trip on the TTC subway, No55 Mercer Condos become connected with nature at Clarence Square, David Pecaut Square by Roy Thomson Hall, Northern Linear Park, and much more. No55 Mercer Condos is also a short trip away from Toronto’s stunning Harbourfront with endless boardwalks and paths to travel.
Living at No55 Mercer Condos residents have easy access to St. Andrews and Union TTC subway stations connecting them to every corner of the city. Even the Pearson International Airport is accessible by public transit, which is beneficial for residents without a vehicle. Travel via the Subway from No55 Mercer Condos to Union Station where the UP Express will take you directly to the Airport in approximately 45 minutes.
Nearby No55 Mercer Condos
• TIFF Bell Lightbox
• Scotiabank Theatre
• Rogers Centre
• CN Tower
• Scotiabank Arena
• Steamwhistle Brewery
• Graffiti Alley
About the Developer
CentreCourt is a real estate company focused on the development of high-rise residential communities located near major amenities, rapid transit networks and employment areas across the Greater Toronto Area (GTA). They are a fully integrated organization that operates across all areas of development including land acquisition, zoning, design, sales, construction and customer care.
No55 Mercer Condos FAQs
How do I reserve a unit in this project?
After you review the floor plans and prices, if you know what suites you are interested in, you may reserve a suite online using our online reservation worksheet form at https://truecondos.com/worksheet.
Does filling out the worksheet form mean I’m committing to buy a suite?
No it is not a formal commitment, it is an expression of interest and the first step you must take if you are thinking about getting a unit in this project.
What does it mean that Andrew la Fleur is a “Platinum Agent”?
Platinum agents are the top selling agents who get preferred status with developers and first access to new projects before regular agents and the public.
Andrew la Fleur has been a top-selling pre-construction agent since 2007, and during this time he has achieved platinum status with many of the top builders and sales companies in the Greater Toronto Area.
For more information on about Platinum agents see this article: https://truecondos.com/5-things-to-know-about-buying-a-condo-with-a-platinum-vip-realtor-real-estate-agent/
How does it benefit me as a buyer to work with Andrew la Fleur as my Platinum Agent?
Working with me as your Platinum agent gives you several benefits
- You get the highest level of access in the building
- You pay the lowest possible price for the unit (prices are typically increased significantly after the Platinum sales event)
- The best possible incentives
- I do not represent the builder. I represent you. You benefit from my expertise of being a top selling pre-construction agent and investor myself since 2007.
- Access to my personal network of mortgage brokers, lawyers, property management, HST rebate services, handymen and much more.
- My services to you as a buyer are free
Do I get a cooling off period? What is it for?
Yes, after you sign the contract to purchase a suite you will have a standard 10-day cooling off period. It’s 10 calendar days, not business days from the time you sign.
The 10 days are primarily for 2 things: 1) to have a lawyer review your contract with you if you wish and 2) to get a mortgage pre-approval letter
Do I need to have a lawyer?
You don’t need to have a lawyer at the moment that you sign the agreement, however I always recommend that you have a qualified lawyer review your agreement of purchase and sale after you sign and during your 10-day cooling off period.
Not sure who to talk to? Don’t worry – getting a lawyer is something I can help you with. Contact me for more details.
Do I need to have a mortgage pre-approval to buy?
95% of all builders will require you to provide them with proof of financing capability in order to purchase. This is not required before you sign a contract, but it is usually required within 60 days of signing.
Not sure where to begin? Don’t worry – getting a mortgage pre-approval is something that I can help you with. Contact me for more details.
Do the prices include HST?
If you are purchasing for yourself and plan to move in, then yes, prices include the HST and there is nothing you will have to pay at final closing.
If you are purchasing as an investment rental property, then you will have to pay approximately 7.8% of the purchase price as HST on final closing.
This money is remitted to the CRA and as an investor renting out your property you can apply to the CRA immediately to get this money back. It usually takes about 1 month to get your rebate back.
For more information on the HST, see here:
Contact me for more details.
What are my closing costs on a pre-construction condo?
Closing costs on a pre-construction condo will vary greatly depending on the actual purchase price of the unit you are buying, but it also depends on the builder, the city that you are buying in, and the type of unit that you are buying.
Roughly speaking in Toronto you can expect to pay approximately 3-5% of the purchase price in closing costs when purchasing a brand new condo.
Check out this article for more info on closing costs:
Contact me for more details
Are there any ‘hidden’ costs when buying a pre-construction condo?
No, there are no hidden fees when buying pre-construction condos because all fees must be disclosed in the agreement of purchase and sale. All purchasers have 10 days to review the agreement and have a lawyer advise them on the exact closing cost amounts. If you need a lawyer to help you we can suggest to you to several expert law firms that will review your agreement in detail.
Is it possible to assign my condo? How much is the assignment fee?
Most condo builders do allow you to sell your unit before the building is complete. This projcess is called selling by “assignment”.
There is usually an assignment fee and a legal fee associated with selling. Costs can range from $1000-7000. Contact me for more details.