225 Merton St 509
Mount Pleasant West, Toronto, M4S 3H1
FOR SALE
$599,900
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Property Description
Welcome to The Rio! Suite 509 is a beautifully designed, bright, and airy one-bedroom condo with a versatile separate den that can easily serve as a home office or a second bedroom. Enjoy the convenience of ensuite laundry, a spacious walk-in closet, and a massive balcony. This unit comes with one underground owned parking spot and locker. 24/7 onsite security. Situated in the charming, well-maintained boutique building at 225 Merton, this residence boasts excellent amenities and a prime Midtown location. Step outside to serene nature walks on the Kay Gardner Beltline Trail and explore the vibrant shops and restaurants along Yonge Street and Mount Pleasant. Davisville subway is conveniently located just down the street for easy access. Don't miss this amazing opportunity!!!
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Nearby Intersections
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Property Details
Street
Community
City
Property Type
Condo Apt, Apartment
Approximate Sq.Ft.
600-699
Taxes
$2,775 (2023)
Basement
Apartment
Exterior
Stucco/Plaster
Heat Included
Yes
Heat Type
Forced Air
Heat Source
Gas
Hydro Included
Yes
Air Conditioning
Central Air
Parking 1
Owned (B)
Garage Type
Underground
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Room Summary
| Room | Level | Size | Features |
|---|---|---|---|
| Kitchen | Main | 9.84' x 8.63' | |
| Dining | Main | 7.91' x 12.40' | |
| Living | Main | 10.40' x 12.76' | |
| Br | Main | 9.91' x 12.83' | |
| Den | Main | 6.99' x 9.91' |
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Toronto Market Statistics
Toronto Price Trend
225 Merton St 509 is a 1-bedroom 1-bathroom condo listed for sale at $599,900, which is $33,916 (6.0%) higher than the average sold price of $565,984 in the last 30 days (August 16 - September 14). During the last 30 days the average sold price for a 1 bedroom condo in Toronto declined by $13,085 (2.3%) compared to the previous 30 day period (July 17 - August 15) and down $49,802 (8.1%) from the same time one year ago.Inventory Change
There were 1,473 1-bedroom condos listed in Toronto over the last 30 days (August 16 - September 14), which is up 6.3% compared with the previous 30 day period (July 17 - August 15) and up 0.8% compared with the same period last year.Sold Price Above/Below Asking ($)
1-bedroom condos in Toronto typically sold ($9,793) (1.7%) below asking price over the last 30 days (August 16 - September 14), which represents a $71 decrease compared to the previous 30 day period (July 17 - August 15) and ($6,422) less than the same period last year.Sales to New Listings Ratio
Sold-to-New-Listings ration (SNLR) is a metric that represents the percentage of sold listings to new listings over a given period. The value below 40% is considered Buyer's market whereas above 60% is viewed as Seller's market. SNLR for 1-bedroom condos in Toronto over the last 30 days (August 16 - September 14) stood at 34.1%, down from 35.9% over the previous 30 days (July 17 - August 15) and down from 35.6% one year ago.Average Days on Market when Sold vs Delisted
An average time on the market for a 1-bedroom 1-bathroom condo in Toronto stood at 33 days when successfully sold over the last 30 days (August 16 - September 14), compared to 59 days before being removed from the market upon being suspended or terminated.Listing contracted with Re/Max Aboutowne Realty Corp.
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