55 Mercer St 3106
Bay Street Corridor, Downtown Toronto, M5V 3W2
FOR SALE
$649,000
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BEDROOMS1
BATHROOMS1
KITCHENS3
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Property Description
Brand new Studio condo unit
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Nearby Intersections
Property Features
Park, Public Transit, School
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Property Details
Street
Community
City
Property Type
Comm Element Condo, Apartment
Approximate Sq.Ft.
0-499
Basement
None
Exterior
Concrete
Heat Type
Forced Air
Heat Source
Gas
Air Conditioning
Central Air
Elevator
Yes
Parking 1
None
Garage Type
Underground
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Downtown Toronto Market Statistics
Downtown Toronto Price Trend
55 Mercer St 3106 is a 0-bedroom 1-bathroom condo listed for sale at $649,000, which is $222,891 (52.3%) higher than the average sold price of $426,109 in the last 30 days (March 28 - April 26). During the last 30 days the average sold price for a 0 bedroom condo in Downtown Toronto declined by $33,826 (7.4%) compared to the previous 30 day period (February 27 - March 27) and down $73,816 (14.8%) from the same time one year ago.Inventory Change
There were 87 0-bedroom condos listed in Downtown Toronto over the last 30 days (March 28 - April 26), which is up 1.2% compared with the previous 30 day period (February 27 - March 27) and up 31.8% compared with the same period last year.Sold Price Above/Below Asking ($)
0-bedroom condos in Downtown Toronto typically sold ($2,885) (0.7%) below asking price over the last 30 days (March 28 - April 26), which represents a $1,137 increase compared to the previous 30 day period (February 27 - March 27) and $5,140 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 (March 28 - April 26) stood at 36.8%, up from 36.0% over the previous 30 days (February 27 - March 27) and down from 53.0% 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 25 days when successfully sold over the last 30 days (March 28 - April 26), compared to 52 days before being removed from the market upon being suspended or terminated.Listing contracted with Ipro Realty Ltd
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