55 Mercer St 4012

FOR SALE
$959,000
55 Mercer St 4012, Downtown Toronto
55 Mercer St 4012
55 Mercer St 4012
55 Mercer St 4012
55 Mercer St 4012
55 Mercer St 4012
55 Mercer St 4012
55 Mercer St 4012
55 Mercer St 4012
55 Mercer St 4012
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1 + 1
BEDROOMS
2
BATHROOMS
1
KITCHENS
5
ROOMS
C8205516
MLSID
Contact Us
Property Description
Newly built! Inspired by the neighbourhood's turn-of-the-century-era buildings, 55 Mercer's bold design makes quite the statement. Luxurious 1-bedroom plus den unit with 2 washrooms featuring HUGE floor to ceiling windows. The den offers ample space for a second bedroom or a generous office area. South facing with unobstructed views of CN Tower, Lake Ontario, Rogers Centre and the city skyline. Enjoy access to the indoor pool, 24-hour indoor and outdoor fitness centres, outdoor basketball court, entertainment room and shared co-working spaces. Situated in the heart of Toronto's Entertainment District with a short walk to the Financial District, subway, theatres, fine dining restaurants and cafes.
Extras
1 Locker - P1 #163. Internet included in maintenance fees
Nearby Intersections
Property Details
Street
Property Type
Condo Apt, Apartment
Approximate Sq.Ft.
600-699
Basement
None
Exterior
Concrete
Heat Type
Forced Air
Heat Source
Gas
Air Conditioning
Central Air
Parking 1
None
Garage Type
Underground
Downtown Toronto Market Statistics
Downtown Toronto Price Trend
55 Mercer St 4012 is a 1-bedroom 2-bathroom condo listed for sale at $959,000, which is $356,702 (59.2%) higher than the average sold price of $602,298 in the last 30 days (April 1 - April 30). During the last 30 days the average sold price for a 1 bedroom condo in Downtown Toronto declined by $90 (0.0%) compared to the previous 30 day period (March 2 - March 31) and down $26,238 (4.2%) from the same time one year ago.
Inventory Change
There were 1,797 1-bedroom condos listed in Downtown Toronto over the last 30 days (April 1 - April 30), which is up 38.1% compared with the previous 30 day period (March 2 - March 31) and up 73.1% compared with the same period last year.
Sold Price Above/Below Asking ($)
1-bedroom condos in Downtown Toronto typically sold ($8,081) (1.3%) below asking price over the last 30 days (April 1 - April 30), which represents a $2,791 increase compared to the previous 30 day period (March 2 - March 31) and ($2,921) 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 (April 1 - April 30) stood at 39.1%, down from 44.3% over the previous 30 days (March 2 - March 31) and down from 74.7% one year ago.
Average Days on Market when Sold vs Delisted
An average time on the market for a 1-bedroom 2-bathroom condo in Downtown Toronto stood at 27 days when successfully sold over the last 30 days (April 1 - April 30), compared to 44 days before being removed from the market upon being suspended or terminated.
Listing contracted with Re/Max Realty Specialists Inc.
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