55 Mercer St 5107
Waterfront Communities C1, Downtown Toronto, M5V 0W4
FOR SALE
$582,500
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Property Description
Welcome to 55 Mercer - a stunning new development by Centrecourt! Experience downtown living at its finest in this brand new 1-bedroom, 1-bathroom suite located in the heart of Toronto's vibrant Entertainment District. This stylish north-facing unit offers city views and modern finishes, perfect for young professionals or investors. With an open-concept layout, floor-to-ceiling windows, and contemporary kitchen featuring built-in appliances, this space is designed for both comfort and convenience. As a resident of 55 Mercer, you'll enjoy access to The Mercer Club which offers 3 floors of state-of-the-art fitness, co-working and entertainment spaces. With a prime location at the heart of the city, you'll be steps away from some of Toronto's best restaurants, attractions and your everyday amenities including Rogers Centre, The Well, Union Station & More!
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Extras
Property to be sold with full TARION warranty.
Nearby Intersections
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Property Details
Street
Community
City
Property Type
Condo Apt, Apartment
Approximate Sq.Ft.
0-499
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 |
---|---|---|---|
Kitchen | Flat | 20.57' x 9.22' | Galley Kitchen, Stainless Steel Appl, Combined W/Dining |
Dining | Flat | 20.57' x 9.22' | Open Concept, Combined W/Kitchen |
Living | Flat | 20.57' x 9.22' | Juliette Balcony, Combined W/Dining |
Prim Bdrm | Flat | 9.74' x 9.91' | Closet, North View |
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Downtown Toronto Market Statistics
Downtown Toronto Price Trend
55 Mercer St 5107 is a 1-bedroom 1-bathroom condo listed for sale at $582,500, which is $15,936 (2.8%) higher than the average sold price of $566,564 in the last 30 days (December 18 - January 16). During the last 30 days the average sold price for a 1 bedroom condo in Downtown Toronto increased by $3,726 (0.7%) compared to the previous 30 day period (November 18 - December 17) and down $17,146 (2.9%) from the same time one year ago.Inventory Change
There were 857 1-bedroom condos listed in Downtown Toronto over the last 30 days (December 18 - January 16), which is down 4.7% compared with the previous 30 day period (November 18 - December 17) and up 43.3% compared with the same period last year.Sold Price Above/Below Asking ($)
1-bedroom condos in Downtown Toronto typically sold ($13,272) (2.3%) below asking price over the last 30 days (December 18 - January 16), which represents a $449 decrease compared to the previous 30 day period (November 18 - December 17) and ($15,475) 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 (December 18 - January 16) stood at 40.5%, down from 54.1% over the previous 30 days (November 18 - December 17) and down from 57.2% 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 42 days when successfully sold over the last 30 days (December 18 - January 16), compared to 82 days before being removed from the market upon being suspended or terminated.Listing contracted with Union Capital Realty
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