55 Mercer St S 1802
Waterfront Communities C1, Downtown Toronto, M5V 1H2
FOR SALE
$1,300,000
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3
BEDROOMS2
BATHROOMS1
KITCHENS6
ROOMSC9418881
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Property Description
Welcome to 55 Mercer Luxury Residence, this upgraded corner unit is situated in a perfect location. Boasting with 3 bedrooms, 2 bathrooms with 9' ceiling and large windows in every room with upgraded closets. Modern open concept kitchen with custom quartz island. Amenities include luxury lobby furnished by Fendi, 24-hour concierge, private dining room, outdoor lounge w/BBQ and fire pit, basketball court, and dog walking area. 100 walk and transit score. Toronto's underground PATH system is located 150 Meters away. 1 Locker and parking included.
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Property Features
Electric Car Charger, Park
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Property Details
Street
Community
City
Property Type
Condo Apt, Apartment
Approximate Sq.Ft.
800-899
Basement
None
Exterior
Brick
Heat Type
Forced Air
Heat Source
Electric
Air Conditioning
Central Air
Parking Spaces
1
Parking 1
Owned (3)
Parking 2
None
Garage Type
Underground
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Downtown Toronto Market Statistics
Downtown Toronto Price Trend
55 Mercer St S 1802 is a 3-bedroom 2-bathroom condo listed for sale at $1,300,000, which is $381,926 (41.6%) higher than the average sold price of $918,074 in the last 30 days (November 17 - December 16). During the last 30 days the average sold price for a 3 bedroom condo in Downtown Toronto declined by $43,496 (4.5%) compared to the previous 30 day period (October 18 - November 16) and down $89,761 (8.9%) from the same time one year ago.Inventory Change
There were 135 3-bedroom condos listed in Downtown Toronto over the last 30 days (November 17 - December 16), which is down 38.4% compared with the previous 30 day period (October 18 - November 16) and up 8.9% compared with the same period last year.Sold Price Above/Below Asking ($)
3-bedroom condos in Downtown Toronto typically sold ($27,343) (3.0%) below asking price over the last 30 days (November 17 - December 16), which represents a $7,672 increase compared to the previous 30 day period (October 18 - November 16) and ($34,937) 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 3-bedroom condos in Downtown Toronto over the last 30 days (November 17 - December 16) stood at 40.0%, down from 41.6% over the previous 30 days (October 18 - November 16) and up from 33.9% one year ago.Average Days on Market when Sold vs Delisted
An average time on the market for a 3-bedroom 2-bathroom condo in Downtown Toronto stood at 46 days when successfully sold over the last 30 days (November 17 - December 16), compared to 75 days before being removed from the market upon being suspended or terminated.Listing contracted with Cityscape Real Estate Ltd.
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