FOR SALE
$592,500
55 Mercer St 312, Downtown Toronto
55 Mercer St 312
55 Mercer St 312
55 Mercer St 312
55 Mercer St 312
55 Mercer St 312
55 Mercer St 312
55 Mercer St 312
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1
BEDROOMS
1
BATHROOMS
1
KITCHENS
3
ROOMS
C9372095
MLSID
Contact Us
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!*
Extras
B/I Fridge, Stove, Dishwasher, range hood, Washer/Dryer.
Nearby Intersections
Property Features
Hospital, Park, School
Property Details
Street
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
Room Summary
RoomLevelSizeFeatures
BrFlat10.83' x 10.17'Laminate
KitchenFlat15.42' x 12.80'Combined W/Dining, Open Concept
LivingFlat15.42' x 12.80'Combined W/Dining, Window Flr to Ceil
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 $18,418 (3.2%) higher than the average sold price of $574,082 in the last 30 days (September 17 - October 16). During the last 30 days the average sold price for a 1 bedroom condo in Downtown Toronto increased by $7,550 (1.3%) compared to the previous 30 day period (August 18 - September 16) and down $31,821 (5.3%) from the same time one year ago.
Inventory Change
There were 1,421 1-bedroom condos listed in Downtown Toronto over the last 30 days (September 17 - October 16), which is down 0.1% compared with the previous 30 day period (August 18 - September 16) and down 11.0% compared with the same period last year.
Sold Price Above/Below Asking ($)
1-bedroom condos in Downtown Toronto typically sold ($11,521) (2.0%) below asking price over the last 30 days (September 17 - October 16), which represents a $2,255 decrease compared to the previous 30 day period (August 18 - September 16) and ($8,695) 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 (September 17 - October 16) stood at 36.7%, up from 34.9% over the previous 30 days (August 18 - September 16) and up from 26.7% 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 32 days when successfully sold over the last 30 days (September 17 - October 16), compared to 60 days before being removed from the market upon being suspended or terminated.
Listing contracted with Bay Street Group Inc.
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