55 Mercer St 611
Waterfront Communities C1, Downtown Toronto, M5V 0W4
FOR SALE
$857,500
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BEDROOMS2
BATHROOMS1
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Property Description
Beautifully designed 2 bedroom plus den unit in the newly built 55 Mercer Condominiums by Centrecourt. With 738 sq ft of well appointed living space, this north-facing unit offers a serene retreat in the heart of the city. As you enter, you'll be greeted by an open-concept layout that maximizes space and light. The bright living area is perfect for relaxation and entertaining, while large windows provide an abundance of natural light. The contemporary kitchen is equipped with high-quality appliances and sleek cabinetry. The separate den provides an ideal space for a home office, nursery, or cozy reading nook. Plus 2 generously sized bedrooms with ample closet space. 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.
700-799
Basement
None
Exterior
Concrete
Heat Type
Forced Air
Heat Source
Gas
Air Conditioning
Central Air
Parking Spaces
1
Parking 1
Owned
Garage Type
Underground
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Room Summary
| Room | Level | Size | Features |
|---|---|---|---|
| Kitchen | Flat | 23.06' x 10.24' | Combined W/Dining, B/I Appliances |
| Dining | Flat | 23.06' x 10.24' | Combined W/Kitchen, Open Concept |
| Living | Flat | 23.06' x 10.24' | Combined W/Dining, North View |
| Prim Bdrm | Flat | 11.48' x 9.22' | Closet, 4 Pc Ensuite |
| 2nd Br | Flat | 8.89' x 7.81' | Large Closet, Sliding Doors |
| Den | Flat | 7.64' x 7.97' | Separate Rm, Sliding Doors |
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Downtown Toronto Market Statistics
Downtown Toronto Price Trend
55 Mercer St 611 is a 2-bedroom 2-bathroom condo listed for sale at $857,500, which is $82,442 (10.6%) higher than the average sold price of $775,058 in the last 30 days (September 17 - October 16). During the last 30 days the average sold price for a 2 bedroom condo in Downtown Toronto declined by $456 (0.1%) compared to the previous 30 day period (August 18 - September 16) and down $20,599 (2.6%) from the same time one year ago.Inventory Change
There were 1,428 2-bedroom condos listed in Downtown Toronto over the last 30 days (September 17 - October 16), which is up 8.7% compared with the previous 30 day period (August 18 - September 16) and up 0.2% compared with the same period last year.Sold Price Above/Below Asking ($)
2-bedroom condos in Downtown Toronto typically sold ($18,012) (2.3%) below asking price over the last 30 days (September 17 - October 16), which represents a $1,036 decrease compared to the previous 30 day period (August 18 - September 16) and ($13,105) 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 2-bedroom condos in Downtown Toronto over the last 30 days (September 17 - October 16) stood at 34.5%, up from 31.6% over the previous 30 days (August 18 - September 16) and up from 33.1% one year ago.Average Days on Market when Sold vs Delisted
An average time on the market for a 2-bedroom 2-bathroom condo in Downtown Toronto stood at 31 days when successfully sold over the last 30 days (September 17 - October 16), compared to 58 days before being removed from the market upon being suspended or terminated.Listing contracted with Union Capital Realty
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