55 Mercer St 2615
Waterfront Communities C1, Downtown Toronto, M5V 0W4
FOR SALE
$725,000
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Property Description
Welcome to 55 Mercer - a stunning new development by Centrecourt! Experience downtown living at its finest in this brand new 1-bedroom plus den & 2-bathroom suite located in the heart of Toronto's vibrant Entertainment District. This stylish south-facing unit offers city views and modern finishes, perfect for young professionals or investors. With an open-concept layout, floor-to-ceiling windows, and contemporary kitchen featuring built-in appliances, this space is designed for both comfort and convenience. As a resident of 55 Mercer, you'll enjoy access to The Mercer Club which offers 3 floors of state-of-the-art fitness, co-working and entertainment spaces. With a prime location at the heart of the city, you'll be steps away from some of Toronto's best restaurants, attractions and your everyday amenities including Rogers Centre, The Well, Union Station & More! **EXTRAS** Property to be sold with full TARION warranty.
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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
Basement
None
Exterior
Concrete
Heat Type
Forced Air
Heat Source
Gas
Air Conditioning
Central Air
Parking 1
None
Garage Type
None
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Room Summary
Room | Level | Size | Features |
---|---|---|---|
Kitchen | Flat | 30.41' x 9.22' | Galley Kitchen, B/I Appliances, Combined W/Dining |
Dining | Flat | 30.41' x 9.22' | Open Concept, Combined W/Kitchen |
Living | Flat | 30.41' x 9.22' | South View, Open Concept, Combined W/Dining |
Prim Bdrm | Flat | 9.74' x 9.81' | 4 Pc Ensuite, Closet, South View |
Den | Flat | 6.99' x 10.83' | Separate Rm, Sliding Doors |
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Downtown Toronto Market Statistics
Downtown Toronto Price Trend
55 Mercer St 2615 is a 1-bedroom 2-bathroom condo listed for sale at $725,000, which is $167,890 (30.1%) higher than the average sold price of $557,110 in the last 30 days (January 21 - February 19). During the last 30 days the average sold price for a 1 bedroom condo in Downtown Toronto declined by $9,987 (1.8%) compared to the previous 30 day period (December 22 - January 20) and down $41,565 (6.9%) from the same time one year ago.Inventory Change
There were 1,341 1-bedroom condos listed in Downtown Toronto over the last 30 days (January 21 - February 19), which is up 45.3% compared with the previous 30 day period (December 22 - January 20) and up 22.6% compared with the same period last year.Sold Price Above/Below Asking ($)
1-bedroom condos in Downtown Toronto typically sold ($14,696) (2.6%) below asking price over the last 30 days (January 21 - February 19), which represents a $1,782 decrease compared to the previous 30 day period (December 22 - January 20) and ($10,118) 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 Downtown Toronto over the last 30 days (January 21 - February 19) stood at 24.7%, down from 31.5% over the previous 30 days (December 22 - January 20) and down from 49.1% one year ago.Average Days on Market when Sold vs Delisted
An average time on the market for a 1-bedroom 2-bathroom condo in Downtown Toronto stood at 33 days when successfully sold over the last 30 days (January 21 - February 19), compared to 67 days before being removed from the market upon being suspended or terminated.Listing contracted with Union Capital Realty
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