8 Mercer St 2901
Waterfront Communities C1, Downtown Toronto, M5V 0C4
FOR SALE
$615,000
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BEDROOMS1
BATHROOMS1
KITCHENS4
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Property Description
Prime Location! Steps from the Underground PATH. This 1 Bed + Den, 1 Bath unit offers 558 sq. ft. of living space plus a 65 sq. ft. balcony. Featuring an excellent layout with a spacious kitchen, built-in dining table, stainless steel appliances, and quartz countertops. Walking distance to St. Andrew Subway, streetcar, the Entertainment, Financial, and Fashion Districts, Rogers Centre, and top-rated restaurants.
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Listing History
| List Date | End Date | Days Listed | List Price | Sold Price | Status |
|---|---|---|---|---|---|
| 2021-05-01 | 2021-05-17 | 16 | $1,750 | $1,750 | Leased |
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Property Details
Street
Community
City
Property Type
Condo Apt, Apartment
Approximate Sq.Ft.
500-599
Taxes
$2,976 (2024)
Basement
None
Exterior
Brick
Heat Included
Yes
Heat Type
Forced Air
Heat Source
Gas
Air Conditioning
Central Air
Parking 1
None
Garage Type
Underground
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Room Summary
| Room | Level | Size | Features |
|---|---|---|---|
| Living | Main | 16.40' x 13.09' | W/O To Balcony, Wood Floor, Combined W/Kitchen |
| Dining | Main | 16.40' x 13.09' | Wood Floor, Combined W/Living |
| Kitchen | Main | 16.40' x 13.09' | |
| Prim Bdrm | Main | 10.01' x 9.42' | Double Closet, Window |
| Den | Main | 7.15' x 6.66' |
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Downtown Toronto Market Statistics
Downtown Toronto Price Trend
8 Mercer St 2901 is a 1-bedroom 1-bathroom condo listed for sale at $615,000, which is $57,890 (10.4%) 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 1-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 Homelife Landmark Realty Inc.
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