55 Mercer St 4607
Waterfront Communities C1, Downtown Toronto, M5V 0W4
FOR SALE
$680,000
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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.
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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
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Property Details
Street
Community
City
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
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Room Summary
Room | Level | Size | Features |
---|---|---|---|
Kitchen | Main | 9.28' x 20.67' | Combined W/Dining, Combined W/Living, B/I Appliances |
Dining | Main | 9.28' x 20.67' | Combined W/Kitchen, Combined W/Living, Quartz Counter |
Living | Main | 9.28' x 20.67' | Combined W/Dining, North View, Juliette Balcony |
Prim Bdrm | Main | 9.84' x 9.12' | Window Flr to Ceil, Closet, North View |
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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 $110,764 (19.5%) higher than the average sold price of $569,236 in the last 30 days (October 21 - November 19). During the last 30 days the average sold price for a 1 bedroom condo in Downtown Toronto declined by $1,563 (0.3%) compared to the previous 30 day period (September 21 - October 20) and down $22,277 (3.8%) from the same time one year ago.Inventory Change
There were 1,261 1-bedroom condos listed in Downtown Toronto over the last 30 days (October 21 - November 19), which is down 7.8% compared with the previous 30 day period (September 21 - October 20) and up 2.3% compared with the same period last year.Sold Price Above/Below Asking ($)
1-bedroom condos in Downtown Toronto typically sold ($10,859) (1.9%) below asking price over the last 30 days (October 21 - November 19), which represents a $855 increase compared to the previous 30 day period (September 21 - October 20) and ($13,197) 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 (October 21 - November 19) stood at 49.5%, up from 37.0% over the previous 30 days (September 21 - October 20) and up from 31.6% 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 (October 21 - November 19), compared to 64 days before being removed from the market upon being suspended or terminated.Listing contracted with Royal Lepage Signature Realty
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