FOR SALE
$1,080,000
55 Mercer St 605, Downtown Toronto
55 Mercer St 605
55 Mercer St 605
55 Mercer St 605
55 Mercer St 605
55 Mercer St 605
55 Mercer St 605
55 Mercer St 605
55 Mercer St 605
55 Mercer St 605
55 Mercer St 605
55 Mercer St 605
55 Mercer St 605
55 Mercer St 605
55 Mercer St 605
55 Mercer St 605
55 Mercer St 605
55 Mercer St 605
55 Mercer St 605
55 Mercer St 605
55 Mercer St 605
55 Mercer St 605
55 Mercer St 605
55 Mercer St 605
55 Mercer St 605
55 Mercer St 605
55 Mercer St 605
55 Mercer St 605
55 Mercer St 605
55 Mercer St 605
55 Mercer St 605
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3
BEDROOMS
2
BATHROOMS
1
KITCHENS
6
ROOMS
C10416942
MLSID
Contact Us
Property Description
Welcome to the Brand New 55 Mercer Condo located in the heart of the entertainment district in Downtown Toronto. SW Corner unit includes 3 bedrooms, 2 bathrooms, and 1 parking with 9-ft ceiling and large windows in every room. Modern open concept kitchen completed with B/I appliances and ensuite washer/dryer. Amenities include luxury lobby furnished by Fendi, 24-hour concierge, private dining room, outdoor lounge w/BBQ and fire pit, dog walk, and a fantastic fitness centre completed with private Peloton pods, cross-training & cardio zones, yoga studio, sauna, outdoor basketball court, and many more. Walking distance to the citys finest entertainment & dining experiences - steps to CN Tower, Rogers Centre, Tiff Lightbox, TTC, Financial district, PATH, shops and restaurants.
Listing History
List Date End Date Days Listed List Price Sold Price Status
2024-05-12 2024-08-24 104 $1,180,000 - Terminated
2024-02-28 2024-03-31 32 $3,700 $3,800 Leased
2024-01-31 2024-03-31 60 $1,283,000 - Expired
Nearby Intersections
Property Features
Electric Car Charger, Hospital, Other, Park, Public Transit, Rec Centre
Property Details
Street
Property Type
Condo Apt, Apartment
Approximate Sq.Ft.
800-899
Taxes
$4,571 (2024)
Basement
None
Exterior
Concrete
Heat Type
Forced Air
Heat Source
Gas
Air Conditioning
Central Air
Elevator
Yes
Parking 1
Owned (P4)
Garage Type
Underground
Room Summary
RoomLevelSizeFeatures
LivingFlat11.81' x 18.04'Combined W/Dining, Large Window, Laminate
DiningFlat11.81' x 18.04'Combined W/Living, Large Window, Laminate
KitchenFlat11.81' x 18.04'Open Concept, B/I Appliances, Backsplash
Prim BdrmFlat10.17' x 11.15'4 Pc Ensuite, Mirrored Closet, Laminate
2nd BrFlat9.19' x 11.15'Large Window, Mirrored Closet, Laminate
3rd BrFlat8.86' x 11.15'Large Window, Mirrored Closet, Laminate
Downtown Toronto Market Statistics
Downtown Toronto Price Trend
55 Mercer St 605 is a 3-bedroom 2-bathroom condo listed for sale at $1,080,000, which is $166,037 (18.2%) higher than the average sold price of $913,963 in the last 30 days (October 21 - November 19). During the last 30 days the average sold price for a 3 bedroom condo in Downtown Toronto increased by $20,225 (2.3%) compared to the previous 30 day period (September 21 - October 20) and down $15,450 (1.7%) from the same time one year ago.
Inventory Change
There were 219 3-bedroom condos listed in Downtown Toronto over the last 30 days (October 21 - November 19), which is down 3.5% compared with the previous 30 day period (September 21 - October 20) and up 13.5% compared with the same period last year.
Sold Price Above/Below Asking ($)
3-bedroom condos in Downtown Toronto typically sold ($20,684) (2.3%) below asking price over the last 30 days (October 21 - November 19), which represents a $9,312 decrease compared to the previous 30 day period (September 21 - October 20) and ($20,658) 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 3-bedroom condos in Downtown Toronto over the last 30 days (October 21 - November 19) stood at 45.2%, up from 35.2% over the previous 30 days (September 21 - October 20) and up from 27.5% one year ago.
Average Days on Market when Sold vs Delisted
An average time on the market for a 3-bedroom 2-bathroom condo in Downtown Toronto stood at 31 days when successfully sold over the last 30 days (October 21 - November 19), compared to 68 days before being removed from the market upon being suspended or terminated.
Listing contracted with Right At Home Realty
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