55 Mercer St 2607
Waterfront Communities C1, Downtown Toronto, M5V 0W4
FOR SALE
$570,000
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Property Description
Welcome to 55 Mercer - a stunning new development by Centrecourt! Experience downtown living at its finest in this brand new 1-bedroom, 1-bathroom suite located in the heart of Toronto's vibrant Entertainment District. This stylish north-facing unit offers city views and modern finishes, perfect for young professionals or investors. With an open-concept layout, floor-to-ceiling windows, and contemporary kitchen featuring built-in appliances, this space is designed for both comfort and convenience. As a resident of 55 Mercer, you'll enjoy access to The Mercer Club which offers 3 floors of state-of-the-art fitness, co-working and entertainment spaces. With a prime location at the heart of the city, you'll be steps away from some of Toronto's best restaurants, attractions and your everyday amenities including Rogers Centre, The Well, Union Station & More!
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Extras
Property to be sold with full TARION warranty
Nearby Intersections
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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
None
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Room Summary
| Room | Level | Size | Features |
|---|---|---|---|
| Kitchen | Flat | 20.57' x 9.22' | Galley Kitchen, Stainless Steel Appl, Combined W/Dining |
| Dining | Flat | 20.57' x 9.22' | Open Concept, Combined W/Kitchen |
| Living | Flat | 20.57' x 9.22' | Juliette Balcony, North View, Combined W/Dining |
| Prim Bdrm | Flat | 9.65' x 9.91' | Closet, North View |
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Downtown Toronto Market Statistics
Downtown Toronto Price Trend
55 Mercer St 2607 is a 1-bedroom 1-bathroom condo listed for sale at $570,000, which is $3,096 (0.5%) 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 1-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 Union Capital Realty
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