55 Mercer St 3111
Waterfront Communities C1, Downtown Toronto, M5V 0W4
FOR SALE
$979,000
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Property Description
Welcome to the newly built 55 Mercer Condominium by CentreCourt located in the heart of downtown Toronto, at the centre of the financial, entertainment & tech districts. This beautifully designed 2 bedroom, 2 full bath unit comes with spectacular South East exposure with views of the CN Tower & the Rogers Centre. Located on the 31st floor with 741 sqft of living space, 9ft ceilings, and expansive windows boasting tons of natural light in every room. Primary bedroom featuring 4 piece ensuite and walk out to open balcony. Featuring an open concept kitchen with built in appliances, ensuite washer & dryer, spa-inspired bathrooms, with modern & luxurious finishes throughout. One parking spot and one locker included. The grand lobby is furnished by Fendi, with 24 hour concierge, the amenities included are state-of-the-art fitness centre complete with Peloton pods, separate high intensity cardio, cross training zones, and a yoga studio. Also included is a co-working area with breakout room, boardroom, and social spaces, private dining room, lounge room, outdoor lounge w/BBQ and fire pit, dog walk, basketball court, landscaped terraces for entertaining, guest suites and more! Centrally located to the finest the city has to offer, steps from Nobu, Bisha Hotel, TTC, PATH, CN Tower, Rogers Centre, TIFF lightbox, Union Station, Eaton Centre, the best restaurants and shops! Internet included in Maintenance Fees.
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Nearby Intersections
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Property Details
Street
Community
City
Property Type
Condo Apt, Apartment
Approximate Sq.Ft.
700-799
Taxes
$4,461 (2024)
Basement
None
Exterior
Brick, Concrete
Heat Type
Forced Air
Heat Source
Gas
Air Conditioning
Central Air
Parking 1
Owned (P3)
Garage Type
Underground
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Room Summary
| Room | Level | Size | Features |
|---|---|---|---|
| Living | Flat | 10.01' x 28.41' | Laminate, Combined W/Dining, Se View |
| Dining | Flat | 10.01' x 28.41' | Laminate, Combined W/Kitchen, Open Concept |
| Kitchen | Flat | 10.01' x 28.41' | Laminate, Open Concept, B/I Appliances |
| Prim Bdrm | Flat | 10.10' x 11.29' | Laminate, 4 Pc Ensuite, W/O To Balcony |
| 2nd Br | Flat | 10.89' x 11.29' | Laminate, Mirrored Closet, Se View |
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Downtown Toronto Market Statistics
Downtown Toronto Price Trend
55 Mercer St 3111 is a 2-bedroom 2-bathroom condo listed for sale at $979,000, which is $215,647 (28.2%) higher than the average sold price of $763,353 in the last 30 days (November 11 - December 10). During the last 30 days the average sold price for a 2 bedroom condo in Downtown Toronto declined by $4,515 (0.6%) compared to the previous 30 day period (October 12 - November 10) and down $25,952 (3.3%) from the same time one year ago.Inventory Change
There were 1,116 2-bedroom condos listed in Downtown Toronto over the last 30 days (November 11 - December 10), which is up 9.8% compared with the previous 30 day period (October 12 - November 10) and up 23.7% compared with the same period last year.Sold Price Above/Below Asking ($)
2-bedroom condos in Downtown Toronto typically sold ($16,270) (2.1%) below asking price over the last 30 days (November 11 - December 10), which represents a $1,154 increase compared to the previous 30 day period (October 12 - November 10) and ($20,451) 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 2-bedroom condos in Downtown Toronto over the last 30 days (November 11 - December 10) stood at 48.7%, down from 49.4% over the previous 30 days (October 12 - November 10) and up from 40.9% 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 34 days when successfully sold over the last 30 days (November 11 - December 10), compared to 61 days before being removed from the market upon being suspended or terminated.Listing contracted with Century 21 People`S Choice Realty Inc.
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