8 Mercer St 401
Waterfront Communities C1, Downtown Toronto, M5V 0C4
FOR SALE
$622,000
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1 + 1
BEDROOMS1
BATHROOMS1
KITCHENS3 + 1
ROOMSC10419948
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Property Description
The Mercer Residence At King West Village, Heart of Entertainment District & Close To Financial, Fashion District, Great Restaurants, TTC At The Door Step. Across The Street To Underground Path To St. Andrew Subway. 1 Bedroom + Study. A Luxurious 567 Sqft Living Space w/68 Sqft Open Balcony to Enjoy. Unit features a large center island / breakfast bar and beautiful Laminate Flooring throughout. A well maintained unit facing north-east with bright sunlight in morning.
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Listing History
| List Date | End Date | Days Listed | List Price | Sold Price | Status |
|---|---|---|---|---|---|
| 2024-06-14 | 2024-10-31 | 139 | $599,000 | - | Expired |
| 2023-11-07 | 2024-05-31 | 206 | $615,000 | - | Expired |
| 2023-08-15 | 2023-10-31 | 80 | $630,000 | - | Expired |
| 2021-03-01 | 2021-03-10 | 9 | $1,700 | - | Terminated |
| 2020-09-25 | 2020-09-30 | 5 | $1,680 | $1,680 | Leased |
| 2020-08-05 | 2020-09-29 | 55 | $1,800 | - | Terminated |
| 2020-07-03 | 2020-07-30 | 27 | $2,200 | - | Terminated |
| 2019-03-23 | 2019-04-08 | 16 | $2,225 | $2,225 | Leased |
Nearby Intersections
Property Features
Public Transit
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Property Details
Street
Community
City
Property Type
Condo Apt, Apartment
Approximate Sq.Ft.
600-699
Taxes
$2,812 (2023)
Basement
None
Exterior
Brick Front
Heat Type
Forced Air
Heat Source
Gas
Air Conditioning
Central Air
Parking 1
None
Parking 2
None
Garage Type
Underground
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Room Summary
| Room | Level | Size | Features |
|---|---|---|---|
| Great Rm | Flat | 16.40' x 13.91' | Combined W/Dining, W/O To Balcony, Hardwood Floor |
| Kitchen | Flat | 16.40' x 13.91' | Combined W/Great Rm, Centre Island, Ceramic Floor |
| Prim Bdrm | Flat | 10.01' x 9.42' | Large Closet, Window Flr to Ceil, Hardwood Floor |
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Downtown Toronto Market Statistics
Downtown Toronto Price Trend
8 Mercer St 401 is a 1-bedroom 1-bathroom condo listed for sale at $622,000, which is $59,137 (10.5%) higher than the average sold price of $562,863 in the last 30 days (November 17 - December 16). During the last 30 days the average sold price for a 1 bedroom condo in Downtown Toronto declined by $6,430 (1.1%) compared to the previous 30 day period (October 18 - November 16) and down $22,163 (3.8%) from the same time one year ago.Inventory Change
There were 886 1-bedroom condos listed in Downtown Toronto over the last 30 days (November 17 - December 16), which is down 31.7% compared with the previous 30 day period (October 18 - November 16) and up 19.6% compared with the same period last year.Sold Price Above/Below Asking ($)
1-bedroom condos in Downtown Toronto typically sold ($12,552) (2.2%) below asking price over the last 30 days (November 17 - December 16), which represents a $1,650 decrease compared to the previous 30 day period (October 18 - November 16) and ($14,925) 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 1-bedroom condos in Downtown Toronto over the last 30 days (November 17 - December 16) stood at 51.2%, up from 47.2% over the previous 30 days (October 18 - November 16) and down from 54.9% 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 31 days when successfully sold over the last 30 days (November 17 - December 16), compared to 65 days before being removed from the market upon being suspended or terminated.Listing contracted with Homelife/Romano Realty Ltd.
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