55 Mercer St 1512
Waterfront Communities C1, Downtown Toronto, M5V 3W2
FOR SALE
$775,000
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BEDROOMS2
BATHROOMS1
KITCHENS5
ROOMSC9510162
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Property Description
Step Into The Ultimate Urban Lifestyle With This Chic 1-Bedroom + Den, 2-Bathroom Condo In The Heart Of Downtown Toronto. Just Steps From Nobu And The Bisha Hotel, This Sun-Soaked Unit Is Perfect For Those Who Love City Living And Value Effortless Convenience. The Experience Of Luxury And Elegance Begins The Moment You Step Into The Stunning Lobby. Enjoy Modern Finishes Such As Quartz Countertops, 9-Ft Ceilings, Laminate Flooring, And A Spacious Open-Concept Layout. Residents Enjoy Top-Notch Amenities, Including A 24-Hour Concierge, Indoor Fitness Center With Peloton Bikes, Outdoor BBQs, Fire Pits, Basketball Court, And Co-Working Spaces. Everything You Need From Dining And Entertainment To Shopping And Transit Is Just Minutes Away. With Iconic Spots Like The Rogers Centre, CN Tower, TIFF Lightbox, And Union Station All Within Walking Distance Making This Property Perfect For Someone Who Values Both City Living & The Comfort Of A Thoughtfully Designed & Well Appointed Unit.
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Listing History
| List Date | End Date | Days Listed | List Price | Sold Price | Status |
|---|---|---|---|---|---|
| 2024-04-08 | 2024-07-03 | 86 | $788,000 | - | Terminated |
| 2024-03-22 | 2024-04-08 | 17 | $675,000 | - | Terminated |
Extras
Property Tax Info from Geowarehouse.
Nearby Intersections
Property Features
Hospital, Park, School
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Property Details
Street
Community
City
Property Type
Condo Apt, Apartment
Approximate Sq.Ft.
600-699
Taxes
$3,784 (2024)
Basement
None
Exterior
Concrete
Heat Type
Forced Air
Heat Source
Gas
Air Conditioning
Central Air
Elevator
Yes
Parking 1
None
Garage Type
None
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Room Summary
| Room | Level | Size | Features |
|---|---|---|---|
| Living | Flat | 9.35' x 11.45' | Laminate, Open Concept |
| Dining | Flat | 10.70' x 11.52' | Laminate, Open Concept |
| Kitchen | Flat | 10.70' x 11.52' | Quartz Counter, Stainless Steel Appl, Laminate |
| Prim Bdrm | Flat | 10.30' x 10.50' | Large Window, 4 Pc Bath, Double Closet |
| Den | Flat | 8.14' x 8.27' | Laminate |
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Downtown Toronto Market Statistics
Downtown Toronto Price Trend
55 Mercer St 1512 is a 1-bedroom 2-bathroom condo listed for sale at $775,000, which is $208,096 (36.7%) higher than the average sold price of $566,904 in the last 30 days (October 1 - October 30). During the last 30 days the average sold price for a 1 bedroom condo in Downtown Toronto declined by $5,539 (1.0%) compared to the previous 30 day period (September 1 - September 30) and down $35,117 (5.8%) from the same time one year ago.Inventory Change
There were 1,279 1-bedroom condos listed in Downtown Toronto over the last 30 days (October 1 - October 30), which is down 22.4% compared with the previous 30 day period (September 1 - September 30) and down 12.5% compared with the same period last year.Sold Price Above/Below Asking ($)
1-bedroom condos in Downtown Toronto typically sold ($12,643) (2.2%) below asking price over the last 30 days (October 1 - October 30), which represents a $2,087 decrease compared to the previous 30 day period (September 1 - September 30) and ($9,800) 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 (October 1 - October 30) stood at 45.2%, up from 27.7% over the previous 30 days (September 1 - September 30) and up from 30.2% one year ago.Average Days on Market when Sold vs Delisted
An average time on the market for a 1-bedroom 2-bathroom condo in Downtown Toronto stood at 31 days when successfully sold over the last 30 days (October 1 - October 30), compared to 58 days before being removed from the market upon being suspended or terminated.Listing contracted with Re/Max Realty Specialists Inc.
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