55 Mercer St 1606
Waterfront Communities C1, Downtown Toronto, M5V 3W2
FOR SALE
$492,500
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BEDROOMS1
BATHROOMS1
KITCHENS3
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Property Description
Introducing a brand new condo unit with a studio layout and a single 4-piece washroom. Throughout, enjoy sleek laminated flooring and ample natural light from large windows & a Juliet balcony. The kitchen features stone countertops and built-in appliances. Enjoy 18,000 sq.ft. of amenities including outdoor fitness facilities, a basketball court, BBQ areas, fire pits, and a dog walking area. Stay active with a state of the art indoor fitness center or get productive in the work from home areas. Located in downtown Toronto's entertainment district, near landmarks like the CN Tower and Rogers Centre, with a perfect walk and transit score. A locker is included, along with 24-hour concierge service & automated parcel delivery. Full TARION warranty.
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Nearby Intersections
Property Features
Hospital, Library, Park, Place Of Worship, Public Transit, School
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Property Details
Street
Community
City
Property Type
Condo Apt, Apartment
Approximate Sq.Ft.
0-499
Basement
None
Exterior
Concrete
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 | Flat | 13.75' x 18.77' | Combined W/Kitchen, Window Flr to Ceil |
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Downtown Toronto Market Statistics
Downtown Toronto Price Trend
55 Mercer St 1606 is a 0-bedroom 1-bathroom condo listed for sale at $492,500, which is $93,841 (23.5%) higher than the average sold price of $398,659 in the last 30 days (September 18 - October 17). During the last 30 days the average sold price for a 0 bedroom condo in Downtown Toronto declined by $22,580 (5.4%) compared to the previous 30 day period (August 19 - September 17) and down $57,953 (12.7%) from the same time one year ago.Inventory Change
There were 77 0-bedroom condos listed in Downtown Toronto over the last 30 days (September 18 - October 17), which is down 0.0% compared with the previous 30 day period (August 19 - September 17) and down 9.4% compared with the same period last year.Sold Price Above/Below Asking ($)
0-bedroom condos in Downtown Toronto typically sold ($11,686) (2.9%) below asking price over the last 30 days (September 18 - October 17), which represents a $9,378 decrease compared to the previous 30 day period (August 19 - September 17) and ($8,225) 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 0-bedroom condos in Downtown Toronto over the last 30 days (September 18 - October 17) stood at 28.6%, down from 29.9% over the previous 30 days (August 19 - September 17) and down from 36.5% one year ago.Average Days on Market when Sold vs Delisted
An average time on the market for a 0-bedroom 1-bathroom condo in Downtown Toronto stood at 44 days when successfully sold over the last 30 days (September 18 - October 17), compared to 78 days before being removed from the market upon being suspended or terminated.Listing contracted with Royal Lepage Signature Connect.Ca Realty
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