55 Merchants' Wharf 222
Waterfront Communities C8, Downtown Toronto, M5A 0P2
FOR SALE
$1,998,000
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BEDROOMS3
BATHROOMS1
KITCHENS6
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Property Description
Welcome to 55 Merchants' Wharf #222, a sophisticated oasis nestled in the heart of Toronto. This exquisite 1305 sq.ft unit features a spacious terrace that unveils breathtaking views of Lake Ontario, providing a serene escape amidst the bustling city. Crafted by Tridel, this 2+1 bed, 3 bath open-concept condo showcases upscale finishes, enhancing the space with abundant natural light. Convenience comes with two parking spaces and a locker included. Situated in a dynamic neighborhood, this condo offers access to the best of the East. Explore the renowned St. Lawrence Market, easily commute via major highways, unwind at Sugar Beach, or immerse yourself in the cultural charm of the Distillery District. 55 Merchants' Wharf transcends the concept of home; it's a lavish retreat for those who appreciate sophistication and style. Indulge in urban living at its finest and savor the spectacular views of Lake Ontario from this remarkable condominium.
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Listing History
List Date | End Date | Days Listed | List Price | Sold Price | Status |
---|---|---|---|---|---|
2023-11-28 | 2024-01-16 | 49 | $1,998,000 | - | Terminated |
Property Features
Beach, Clear View, Lake Access, Lake/Pond, Park, School
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Property Details
Street
Community
City
Property Type
Condo Apt, Apartment
Approximate Sq.Ft.
1200-1399
Taxes
$8,197 (2024)
Basement
None
Exterior
Concrete
Heat Included
Yes
Heat Type
Forced Air
Heat Source
Gas
Air Conditioning
Central Air
Parking 1
Owned (Level C)
Parking 2
Owned (Level C)
Garage Type
Underground
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Room Summary
Room | Level | Size | Features |
---|---|---|---|
Kitchen | Main | 12.27' x 29.99' | Stainless Steel Appl, Hardwood Floor, Combined W/Dining |
Dining | Main | 12.27' x 29.99' | Hardwood Floor, Large Window, Combined W/Kitchen |
Living | Main | 12.27' x 29.99' | Hardwood Floor, Combined W/Dining, W/O To Balcony |
Den | Main | 8.79' x 7.97' | Hardwood Floor, French Doors |
Prim Bdrm | Main | 9.97' x 15.49' | Hardwood Floor, Large Window, 4 Pc Ensuite |
2nd Br | Main | 9.97' x 12.37' | Hardwood Floor, Large Window, 3 Pc Ensuite |
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Downtown Toronto Market Statistics
Downtown Toronto Price Trend
55 Merchants' Wharf 222 is a 2-bedroom 3-bathroom condo listed for sale at $1,998,000, which is $1,236,182 (162.3%) higher than the average sold price of $761,818 in the last 30 days (October 23 - November 21). During the last 30 days the average sold price for a 2 bedroom condo in Downtown Toronto declined by $8,930 (1.2%) compared to the previous 30 day period (September 23 - October 22) and down $40,295 (5.0%) from the same time one year ago.Inventory Change
There were 1,156 2-bedroom condos listed in Downtown Toronto over the last 30 days (October 23 - November 21), which is down 10.5% compared with the previous 30 day period (September 23 - October 22) and down 2.0% compared with the same period last year.Sold Price Above/Below Asking ($)
2-bedroom condos in Downtown Toronto typically sold ($19,958) (2.6%) below asking price over the last 30 days (October 23 - November 21), which represents a $739 decrease compared to the previous 30 day period (September 23 - October 22) and ($20,294) 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 2-bedroom condos in Downtown Toronto over the last 30 days (October 23 - November 21) stood at 51.0%, up from 38.7% over the previous 30 days (September 23 - October 22) and up from 36.0% one year ago.Average Days on Market when Sold vs Delisted
An average time on the market for a 2-bedroom 3-bathroom condo in Downtown Toronto stood at 31 days when successfully sold over the last 30 days (October 23 - November 21), compared to 61 days before being removed from the market upon being suspended or terminated.Listing contracted with Exp Realty
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