55 Mercer St 519
Waterfront Communities C1, Downtown Toronto, M5V 3W2
FOR SALE
$879,000
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Property Description
Big City, Big Dreams, Enjoy urban living in this exquisite 1-bedroom, 1-bathroom, 1-locker unit at 55 Mercer, nestled in the vibrant heart of Toronto's Entertainment District. The modern designed layout features an open-concept kitchen, elegantly equipped with built-in appliances and sleek quartz countertops. Located close to the Rogers Centre, CN Tower, and Union Station. Experience an elevated lifestyle with access to a wealth of building amenities, including 24hr concierge/security, a state-of-the-art gym.
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Nearby Intersections
Property Features
Arts Centre, Hospital, Public Transit, Rec Centre
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Property Details
Street
Community
City
Property Type
Condo Apt, Apartment
Approximate Sq.Ft.
500-599
Basement
None
Exterior
Brick
Heat Type
Forced Air
Heat Source
Gas
Air Conditioning
Central Air
Parking 1
None
Garage Type
Underground
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Downtown Toronto Market Statistics
Downtown Toronto Price Trend
55 Mercer St 519 is a 1-bedroom 1-bathroom condo listed for sale at $879,000, which is $279,125 (46.5%) higher than the average sold price of $599,875 in the last 30 days (April 14 - May 13). During the last 30 days the average sold price for a 1 bedroom condo in Downtown Toronto declined by $4,762 (0.8%) compared to the previous 30 day period (March 15 - April 13) and down $30,572 (4.8%) from the same time one year ago.Inventory Change
There were 2,111 1-bedroom condos listed in Downtown Toronto over the last 30 days (April 14 - May 13), which is up 75.9% compared with the previous 30 day period (March 15 - April 13) and up 76.1% compared with the same period last year.Sold Price Above/Below Asking ($)
1-bedroom condos in Downtown Toronto typically sold ($8,857) (1.5%) below asking price over the last 30 days (April 14 - May 13), which represents a $738 decrease compared to the previous 30 day period (March 15 - April 13) and ($1,653) 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 14 - May 13) stood at 28.7%, down from 54.9% over the previous 30 days (March 15 - April 13) and down from 69.0% 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 25 days when successfully sold over the last 30 days (April 14 - May 13), compared to 41 days before being removed from the market upon being suspended or terminated.Listing contracted with First Class Realty Inc.
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