55 Mercer St 3801
Waterfront Communities C1, Downtown Toronto, M5V 0W4
FOR SALE
$699,000
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BEDROOMS1
BATHROOMS1
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Property Description
Welcome to luxurious urban living in Toronto's vibrant Entertainment District! Step into a world of elegance and convenience with this stunning 1-bedroom plus den corner unit that can easily be converted into another bedroom. As you enter, you'll be greeted by an abundance of natural light streaming in from the large windows, showcasing a captivating South Facing view that overlooks the picturesque lakeshore and the iconic SkyDome. This unit is truly a masterpiece of design, blending modern sophistication with practical functionality. Everything is within walking distance, steps to the SkyDome, CN Tower, Ripley Aquarium. Plus, being close to prestigious universities like the University of Toronto and Ryerson University adds to the allure of this prime location. Please click on Virtual Tour. A Must See Condo.
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Extras
Fridge, Stove, Dishwasher, Washer and Dryer, All Existing Electrical Light Fixtures and Pot Lights, All Existing Window Coverings and Blinds
Nearby Intersections
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Property Details
Street
Community
City
Property Type
Condo Apt, Apartment
Approximate Sq.Ft.
500-599
Taxes
$1 (2024)
Basement
None
Exterior
Brick
Heat Type
Forced Air
Heat Source
Gas
Air Conditioning
Central Air
Elevator
Yes
Parking 1
None
Garage Type
Underground
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Room Summary
| Room | Level | Size | Features |
|---|---|---|---|
| Living | Main | 9.65' x 26.25' | Laminate, Combined W/Dining, Open Concept |
| Dining | Main | 9.65' x 26.25' | Laminate, Combined W/Living, Open Concept |
| Kitchen | Main | 9.65' x 26.25' | Laminate, Combined W/Dining, Open Concept |
| Prim Bdrm | Main | 9.15' x 11.32' | Laminate, Pot Lights, Window |
| Den | Main | 7.09' x 10.17' | Laminate, Pot Lights, Open Concept |
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Downtown Toronto Market Statistics
Downtown Toronto Price Trend
55 Mercer St 3801 is a 1-bedroom 1-bathroom condo listed for sale at $699,000, which is $99,249 (16.5%) higher than the average sold price of $599,751 in the last 30 days (April 3 - May 2). During the last 30 days the average sold price for a 1 bedroom condo in Downtown Toronto declined by $3,183 (0.5%) compared to the previous 30 day period (March 4 - April 2) and down $28,429 (4.5%) from the same time one year ago.Inventory Change
There were 1,874 1-bedroom condos listed in Downtown Toronto over the last 30 days (April 3 - May 2), which is up 36.0% compared with the previous 30 day period (March 4 - April 2) and up 65.5% compared with the same period last year.Sold Price Above/Below Asking ($)
1-bedroom condos in Downtown Toronto typically sold ($8,134) (1.4%) below asking price over the last 30 days (April 3 - May 2), which represents a $2,735 increase compared to the previous 30 day period (March 4 - April 2) and ($2,243) 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 (April 3 - May 2) stood at 36.3%, down from 47.7% over the previous 30 days (March 4 - April 2) and down from 73.6% 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 Downtown Toronto stood at 27 days when successfully sold over the last 30 days (April 3 - May 2), compared to 45 days before being removed from the market upon being suspended or terminated.Listing contracted with Re/Max Premier Inc.
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