FOR SALE
$995,000
55 Mercer St 307, Downtown Toronto
55 Mercer St 307
55 Mercer St 307
55 Mercer St 307
55 Mercer St 307
55 Mercer St 307
55 Mercer St 307
55 Mercer St 307
55 Mercer St 307
55 Mercer St 307
55 Mercer St 307
55 Mercer St 307
55 Mercer St 307
55 Mercer St 307
55 Mercer St 307
55 Mercer St 307
55 Mercer St 307
55 Mercer St 307
55 Mercer St 307
55 Mercer St 307
55 Mercer St 307
55 Mercer St 307
55 Mercer St 307
55 Mercer St 307
55 Mercer St 307
55 Mercer St 307
55 Mercer St 307
55 Mercer St 307
55 Mercer St 307
55 Mercer St 307
55 Mercer St 307
55 Mercer St 307
55 Mercer St 307
55 Mercer St 307
55 Mercer St 307
55 Mercer St 307
55 Mercer St 307
55 Mercer St 307
55 Mercer St 307
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2 + 1
BEDROOMS
2
BATHROOMS
1
KITCHENS
5 + 1
ROOMS
C9349228
MLSID
Contact Us
Property Description
A showstopper of a building: Inspired by the turn of the century-era buildings, 55 Mercer's bold Design makes quite the statement. the building's timeless material palette of red and grey brick, natural stone, glass, and black metal frames complement the many historical facades that surround it. Your investment is not only protected, it has a huge potential to grow too. The distinct architecture features a captivating interplay, colours that add drama, and the commanding podium with the soaring tower, all of which make a striking impression in a vibrant neighborhood. Amenities at 55 Mercer are nothing short of excellent. The grand lobby, dressed in natural wood & stone is accented with Fendi furniture, where your guests will enjoy waiting for you. Linear elements that dramatize its movement, this plush 24-hour attended sets the tone. Thoughtfully conceived floor plans maximize the usable area.
Extras
The Mercer Club with its State-of-the-art fitness offers a lifestyle that's richly satisfying. Spread over 3 floors, the fitness area comes outfitted with Peloton pods, separate high-intensity cardio, cross-training zones and yoga studio.
Nearby Intersections
Property Features
Clear View, Hospital, Park, Public Transit, School
Property Details
Street
Property Type
Condo Apt, Apartment
Approximate Sq.Ft.
700-799
Taxes
$3,591 (2024)
Basement
None
Exterior
Brick
Heat Included
Yes
Heat Type
Heat Pump
Heat Source
Gas
Air Conditioning
Central Air
Parking 1
None
Garage Type
Underground
Room Summary
RoomLevelSizeFeatures
LivingMain22.67' x 9.32'Laminate, Large Window, Combined W/Dining
DiningMain22.67' x 9.32'Laminate, Combined W/Living
KitchenMain22.67' x 9.32'Laminate, Galley Kitchen, B/I Fridge
BrMain11.09' x 9.58'Laminate, Closet, 4 Pc Ensuite
2nd BrMain9.51' x 9.32'Laminate, Closet, Double Doors
StudyMain4.59' x 5.94'Laminate, Closet, Open Concept
Downtown Toronto Market Statistics
Downtown Toronto Price Trend
55 Mercer St 307 is a 2-bedroom 2-bathroom condo listed for sale at $995,000, which is $222,032 (28.7%) higher than the average sold price of $772,968 in the last 30 days (August 19 - September 17). During the last 30 days the average sold price for a 2 bedroom condo in Downtown Toronto declined by $14,819 (1.9%) compared to the previous 30 day period (July 20 - August 18) and down $18,011 (2.3%) from the same time one year ago.
Inventory Change
There were 1,343 2-bedroom condos listed in Downtown Toronto over the last 30 days (August 19 - September 17), which is up 19.8% compared with the previous 30 day period (July 20 - August 18) and up 5.7% compared with the same period last year.
Sold Price Above/Below Asking ($)
2-bedroom condos in Downtown Toronto typically sold ($16,777) (2.2%) below asking price over the last 30 days (August 19 - September 17), which represents a $4,507 increase compared to the previous 30 day period (July 20 - August 18) and ($10,656) 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 2-bedroom condos in Downtown Toronto over the last 30 days (August 19 - September 17) stood at 32.7%, down from 38.8% over the previous 30 days (July 20 - August 18) and up from 32.4% one year ago.
Average Days on Market when Sold vs Delisted
An average time on the market for a 2-bedroom 2-bathroom condo in Downtown Toronto stood at 31 days when successfully sold over the last 30 days (August 19 - September 17), compared to 59 days before being removed from the market upon being suspended or terminated.
Listing contracted with Century 21 Heritage Group Ltd.
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