55 Mercer St 4607

FOR SALE
$680,000
55 Mercer St 4607, Downtown Toronto
55 Mercer St 4607
55 Mercer St 4607
55 Mercer St 4607
55 Mercer St 4607
55 Mercer St 4607
55 Mercer St 4607
55 Mercer St 4607
55 Mercer St 4607
55 Mercer St 4607
55 Mercer St 4607
55 Mercer St 4607
55 Mercer St 4607
55 Mercer St 4607
55 Mercer St 4607
55 Mercer St 4607
55 Mercer St 4607
55 Mercer St 4607
55 Mercer St 4607
55 Mercer St 4607
55 Mercer St 4607
55 Mercer St 4607
55 Mercer St 4607
55 Mercer St 4607
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1
BEDROOMS
1
BATHROOMS
1
KITCHENS
4
ROOMS
C9357248
MLSID
Contact Us
Property Description
Welcome to urban sophistication at its finest! This stunning 1 bed, 1 bath located at 55 Mercer Condos offers a blend of contemporary design and unparalleled comfort in the heart of the city. You're greeted by an open concept living space, flooded with natural light from expansive windows that offer breathtaking views of the city skyline. The living room is perfect for entertaining and social gatherings. The gourmet kitchen featuring modern built in appliances, quartz countertops, and stylish cabinetry providing plenty of storage. 55 Mercer also offers a range of amenities for residents to enjoy, including a fitness center, Basket ball court, a terrace with panoramic views, lounge, 24/7 concierge service, and so much more! Located in the vibrant Entertainment District, steps away from dining, shopping, and entertainment options. With Union Station, the Financial District, and the waterfront all just a short walk away, this condo offers the ultimate urban lifestyle.
Listing History
List Date End Date Days Listed List Price Sold Price Status
2024-09-23 2024-10-08 15 $2,500 $2,450 Leased
2024-08-27 2024-09-18 22 $688,000 - Terminated
2024-07-04 2024-09-16 74 $2,500 - Terminated
2024-08-08 2024-08-27 19 $580,000 - Terminated
2024-07-16 2024-08-08 23 $699,000 - Terminated
2024-07-04 2024-07-16 12 $748,000 - Terminated
2024-06-19 2024-07-04 15 $768,000 - Terminated
Extras
Property is digitally staged.
Nearby Intersections
Property Features
Arts Centre, Hospital, Park, Place Of Worship, Public Transit, School
Property Details
Street
Property Type
Condo Apt, Apartment
Approximate Sq.Ft.
0-499
Taxes
$2,704 (2024)
Basement
None
Exterior
Brick, Concrete
Heat Type
Forced Air
Heat Source
Gas
Air Conditioning
Central Air
Parking 1
None
Garage Type
Underground
Room Summary
RoomLevelSizeFeatures
KitchenMain9.28' x 20.67'Combined W/Dining, Combined W/Living, B/I Appliances
DiningMain9.28' x 20.67'Combined W/Kitchen, Combined W/Living, Quartz Counter
LivingMain9.28' x 20.67'Combined W/Dining, North View, Juliette Balcony
Prim BdrmMain9.84' x 9.12'Window Flr to Ceil, Closet, North View
Downtown Toronto Market Statistics
Downtown Toronto Price Trend
55 Mercer St 4607 is a 1-bedroom 1-bathroom condo listed for sale at $680,000, which is $105,918 (18.4%) 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 Royal Lepage Signature Realty
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