55 Mercer St 312
Waterfront Communities C1, Downtown Toronto, M5V 0W4
FOR SALE
$592,500
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Property Description
Welcome To 55 Mercer, Nestled In The Heart Of The Entertainment District. This Brand New 1 Bedroom 515 Sqft. With Open-Concept Layout Seamlessly Connects The Living, Dining, And Kitchen Areas, Perfect For Entertaining Or Relaxing. Large Windows Flood The Space With Natural Light, Creating An Inviting Atmosphere. Enjoy Access To 3 Floors Of State-Of-The-Art Fitness Facilities, Co-Working Spaces, Rooftop Garden, And Party Room. Steps Away From TIFF, Rogers Centre, And CN Tower, Nobu, Along With World-Class Shopping, Restaurants, And Cafes. *Experience The Best Of City Living Today!*
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Listing History
| List Date | End Date | Days Listed | List Price | Sold Price | Status |
|---|---|---|---|---|---|
| 2024-09-27 | 2024-12-01 | 65 | $592,500 | - | Expired |
Extras
B/I Fridge, Stove, Dishwasher, range hood, Washer/Dryer, B/I Microwave.
Nearby Intersections
Property Features
Hospital, Park, School
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Property Details
Street
Community
City
Property Type
Condo Apt, Apartment
Approximate Sq.Ft.
500-599
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 |
|---|---|---|---|
| Br | Flat | 10.83' x 10.17' | Laminate |
| Kitchen | Flat | 15.42' x 12.80' | Combined W/Dining, Open Concept |
| Living | Flat | 15.42' x 12.80' | Combined W/Dining, Window Flr to Ceil |
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Downtown Toronto Market Statistics
Downtown Toronto Price Trend
55 Mercer St 312 is a 1-bedroom 1-bathroom condo listed for sale at $592,500, which is $24,327 (4.3%) higher than the average sold price of $568,173 in the last 30 days (November 4 - December 3). During the last 30 days the average sold price for a 1 bedroom condo in Downtown Toronto increased by $2,833 (0.5%) compared to the previous 30 day period (October 5 - November 3) and down $22,190 (3.8%) from the same time one year ago.Inventory Change
There were 1,088 1-bedroom condos listed in Downtown Toronto over the last 30 days (November 4 - December 3), which is down 11.4% compared with the previous 30 day period (October 5 - November 3) and up 9.9% compared with the same period last year.Sold Price Above/Below Asking ($)
1-bedroom condos in Downtown Toronto typically sold ($10,965) (1.9%) below asking price over the last 30 days (November 4 - December 3), which represents a $1,390 increase compared to the previous 30 day period (October 5 - November 3) and ($15,341) 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 1-bedroom condos in Downtown Toronto over the last 30 days (November 4 - December 3) stood at 54.4%, up from 44.1% over the previous 30 days (October 5 - November 3) and up from 42.0% 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 30 days when successfully sold over the last 30 days (November 4 - December 3), compared to 68 days before being removed from the market upon being suspended or terminated.Listing contracted with Bay Street Group Inc.
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