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Alex Wilson

RE/MAX Wealth Builders Alex Wilson

1251 Yonge St, Toronto, ON M4T 1W6, Canada

Phone: +1 416-652-5000

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Home/88 James Urban Condos/Merritt

Merritt

Available

$471,888

$856/sq ft

1 Bed + Den·1.0 Bath·551 sq ft·North·$856/sq ft

Bedrooms

1 Bed + Den

Bathrooms

1.0

Size

551 sq ft

Exposure

North

Prev: Meridian2 / 3Next: Regatta
Merritt Floor Plan at 88 James Urban Condos - 551 sq.ft
Click to enlarge

Floor Range: 8-30

Price History

$458K$461K$465K$468K$472KMar 23Jul 23Jul 23

Launch Price

$457,888

$831/sq ft

Mar 2, 2023

Current Price

$471,888

$856/sq ft

$14,000 (+3.1%)

Deposit Structure

Deposit breakdown for this unit priced at $471,888

(15% + 5%) $5,000.00 On Signing Balance to 5% - 30 days 2.5% - 120 days 2.5% - 150 days 2.5% - 380 days 2.5% - 500 days 5% - Occupancy

MilestoneRateAmountCumulativeDue Date
$5,000.00 On Signing$5,000.00$5,000$5,000On Signing
Balance to 5% - 30 daysBalance to 5%$18,594$23,594Sep 22, 2026
2.5% - 120 days2.5%$11,797$35,392Dec 21, 2026
2.5% - 150 days2.5%$11,797$47,189Jan 20, 2027
2.5% - 380 days2.5%$11,797$58,986Sep 7, 2027
2.5% - 500 days2.5%$11,797$70,783Jan 5, 2028
5% - Occupancy5%$23,594$94,378At Occupancy
Total Deposit20.0%$94,378

551 sq ft × $0.60/sq ft = $331/mo

Add-ons

Monthly Mortgage (P&I)$2,056
Property Tax (est.)$256
Maintenance Fees$331
Total Monthly Cost$2,643

Down payment: $94,378 (20.0%) · Mortgage: $377,510

Property tax rate: 0.65%. Uses the standard Canadian semi-annual compounding convention. Estimates only—not a pre-approval or offer of credit. Actual rates and eligibility may vary. Provincial sales tax on mortgage insurance, when applicable, is not included. Consult a mortgage professional for accurate figures.

Land transfer tax on this homeRent vs ownView more calculators →

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