55 Mercer St W 3215
Waterfront Communities C1, Downtown Toronto, M5V 3W2
FOR SALE
$950,000
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BEDROOMS2
BATHROOMS1
KITCHENS4
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Property Description
Welcome to the Brand New 55 Mercer Condo located in the heart of the entertainment district in Downtown Toronto. Facing West with unobstructed views of the CN TOWER and ROGERS CENTRE includes 1 plus 1 bedrooms, 2 FULL bathrooms located on the 32nd Floor with 9-ftceiling and large windows in every room. Locker Included. 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 city's finest entertainment & dining experiences - steps to CN Tower, Rogers Centre, Tiff Lightbox, TTC, Financial district ,PATH, shops and restaurants.
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Listing History
| List Date | End Date | Days Listed | List Price | Sold Price | Status |
|---|---|---|---|---|---|
| 2024-11-01 | 2024-11-25 | 24 | $3,000 | $3,000 | Leased |
| 2024-07-03 | 2024-11-01 | 122 | $950,000 | - | Expired |
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Property Details
Street
Community
City
Property Type
Condo Apt, Apartment
Approximate Sq.Ft.
600-699
Basement
None
Exterior
Brick, Concrete
Heat Type
Forced Air
Heat Source
Gas
Air Conditioning
Central Air
Elevator
Yes
Parking 1
None
Garage Type
None
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Room Summary
| Room | Level | Size | Features |
|---|---|---|---|
| Den | Flat | 22.97' x 32.81' | 3 Pc Bath |
| Br | Flat | 32.81' x 29.53' | 3 Pc Bath |
| Kitchen | Flat | 98.43' x 29.53' |
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Downtown Toronto Market Statistics
Downtown Toronto Price Trend
55 Mercer St W 3215 is a 1-bedroom 2-bathroom condo listed for sale at $950,000, which is $386,310 (68.5%) higher than the average sold price of $563,690 in the last 30 days (December 19 - January 17). During the last 30 days the average sold price for a 1 bedroom condo in Downtown Toronto increased by $430 (0.1%) compared to the previous 30 day period (November 19 - December 18) and down $16,899 (2.9%) from the same time one year ago.Inventory Change
There were 894 1-bedroom condos listed in Downtown Toronto over the last 30 days (December 19 - January 17), which is down 1.4% compared with the previous 30 day period (November 19 - December 18) and up 39.5% compared with the same period last year.Sold Price Above/Below Asking ($)
1-bedroom condos in Downtown Toronto typically sold ($13,252) (2.4%) below asking price over the last 30 days (December 19 - January 17), which represents a $1,023 decrease compared to the previous 30 day period (November 19 - December 18) and ($15,187) 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 19 - January 17) stood at 38.0%, down from 53.5% over the previous 30 days (November 19 - December 18) and down from 54.6% one year ago.Average Days on Market when Sold vs Delisted
An average time on the market for a 1-bedroom 2-bathroom condo in Downtown Toronto stood at 43 days when successfully sold over the last 30 days (December 19 - January 17), compared to 80 days before being removed from the market upon being suspended or terminated.Listing contracted with First Class Realty Inc.
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