55 Mercer St 605
Waterfront Communities C1, Downtown Toronto, M5V 0W4
FOR SALE
$1,080,000
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BEDROOMS2
BATHROOMS1
KITCHENS6
ROOMSC10416942
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Property Description
Welcome to the Brand New 55 Mercer Condo located in the heart of the entertainment district in Downtown Toronto. SW Corner unit includes 3 bedrooms, 2 bathrooms, and 1 parking with 9-ft ceiling and large windows in every room. Modern open concept kitchen completed with B/I appliances and ensuite washer/dryer. Amenities include luxury lobby furnished by Fendi, 24-hour concierge, private dining room, outdoor lounge w/BBQ and fire pit, dog walk, and a fantastic fitness centre completed with private Peloton pods, cross-training & cardio zones, yoga studio, sauna, outdoor basketball court, and many more. Walking distance to the citys finest entertainment & dining experiences - steps to CN Tower, Rogers Centre, Tiff Lightbox, TTC, Financial district, PATH, shops and restaurants.
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Listing History
| List Date | End Date | Days Listed | List Price | Sold Price | Status |
|---|---|---|---|---|---|
| 2024-05-12 | 2024-08-24 | 104 | $1,180,000 | - | Terminated |
| 2024-02-28 | 2024-03-31 | 32 | $3,700 | $3,800 | Leased |
| 2024-01-31 | 2024-03-31 | 60 | $1,283,000 | - | Expired |
Nearby Intersections
Property Features
Electric Car Charger, Hospital, Other, Park, Public Transit, Rec Centre
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Property Details
Street
Community
City
Property Type
Condo Apt, Apartment
Approximate Sq.Ft.
800-899
Taxes
$4,571 (2024)
Basement
None
Exterior
Concrete
Heat Type
Forced Air
Heat Source
Gas
Air Conditioning
Central Air
Elevator
Yes
Parking 1
Owned (P4)
Garage Type
Underground
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Room Summary
| Room | Level | Size | Features |
|---|---|---|---|
| Living | Flat | 11.81' x 18.04' | Combined W/Dining, Large Window, Laminate |
| Dining | Flat | 11.81' x 18.04' | Combined W/Living, Large Window, Laminate |
| Kitchen | Flat | 11.81' x 18.04' | Open Concept, B/I Appliances, Backsplash |
| Prim Bdrm | Flat | 10.17' x 11.15' | 4 Pc Ensuite, Mirrored Closet, Laminate |
| 2nd Br | Flat | 9.19' x 11.15' | Large Window, Mirrored Closet, Laminate |
| 3rd Br | Flat | 8.86' x 11.15' | Large Window, Mirrored Closet, Laminate |
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Downtown Toronto Market Statistics
Downtown Toronto Price Trend
55 Mercer St 605 is a 3-bedroom 2-bathroom condo listed for sale at $1,080,000, which is $201,156 (22.9%) higher than the average sold price of $878,844 in the last 30 days (December 19 - January 17). During the last 30 days the average sold price for a 3 bedroom condo in Downtown Toronto increased by $3,928 (0.4%) compared to the previous 30 day period (November 19 - December 18) and down $48,028 (5.2%) from the same time one year ago.Inventory Change
There were 147 3-bedroom condos listed in Downtown Toronto over the last 30 days (December 19 - January 17), which is up 6.5% compared with the previous 30 day period (November 19 - December 18) and up 38.7% compared with the same period last year.Sold Price Above/Below Asking ($)
3-bedroom condos in Downtown Toronto typically sold ($34,368) (3.9%) below asking price over the last 30 days (December 19 - January 17), which represents a $7,202 decrease compared to the previous 30 day period (November 19 - December 18) and ($37,120) more 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 3-bedroom condos in Downtown Toronto over the last 30 days (December 19 - January 17) stood at 40.8%, up from 39.1% over the previous 30 days (November 19 - December 18) and down from 49.1% one year ago.Average Days on Market when Sold vs Delisted
An average time on the market for a 3-bedroom 2-bathroom condo in Downtown Toronto stood at 44 days when successfully sold over the last 30 days (December 19 - January 17), compared to 77 days before being removed from the market upon being suspended or terminated.Listing contracted with Right At Home Realty
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