55 Merchants' Wharf 222
Waterfront Communities C8, Toronto, M5A 0P2
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Property Description
Welcome to 55 Merchants' Wharf #222, a sophisticated oasis nestled in the heart of Toronto. This exquisite 1305 sq.ft unit features a spacious terrace that unveils breathtaking views of Lake Ontario, providing a serene escape amidst the bustling city. Crafted by Tridel, this 2+1 bed, 3 bath open-concept condo showcases upscale finishes, enhancing the space with abundant natural light. Convenience comes with two parking spaces and a locker included. Situated in a dynamic neighborhood, this condo offers access to the best of the East. Explore the renowned St. Lawrence Market, easily commute via major highways, unwind at Sugar Beach, or immerse yourself in the cultural charm of the Distillery District. 55 Merchants' Wharf transcends the concept of home; it's a lavish retreat for those who appreciate sophistication and style. Indulge in urban living at its finest and savor the spectacular views of Lake Ontario from this remarkable condo. **EXTRAS** All Stainless Steel Appliances, All Window Coverings, All Electrical Light Fixtures.
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Listing History
List Date | End Date | Days Listed | List Price | Sold Price | Status |
---|---|---|---|---|---|
2023-11-28 | 2024-01-16 | 49 | $1,998,000 | - | Terminated |
Property Features
Clear View, Electric Car Charger, Lake/Pond, Park, Public Transit, School
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Property Details
Street
Community
City
Property Type
Condo Apt, Apartment
Approximate Sq.Ft.
1200-1399
Taxes
$8,197 (2024)
Basement
None
Exterior
Concrete
Heat Included
Yes
Heat Type
Forced Air
Heat Source
Gas
Air Conditioning
Central Air
Parking 1
Owned (Level C)
Parking 2
Owned (Level C)
Garage Type
Underground
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Room Summary
Room | Level | Size | Features |
---|---|---|---|
Kitchen | Flat | 12.27' x 29.99' | Hardwood Floor, Stainless Steel Appl, Centre Island |
Dining | Flat | 12.27' x 29.99' | Hardwood Floor, Combined W/Living |
Living | Flat | 12.27' x 29.99' | Hardwood Floor, Combined W/Dining, W/O To Terrace |
Den | Flat | 8.79' x 7.97' | Hardwood Floor, French Doors |
Prim Bdrm | Flat | 9.97' x 15.49' | Hardwood Floor, 4 Pc Ensuite, Large Closet |
2nd Br | Flat | 9.97' x 12.37' | Hardwood Floor, Large Window, Closet |
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Toronto Market Statistics
Toronto Price Trend
55 Merchants' Wharf 222 is a 2-bedroom 3-bathroom condo listed for sale at $1,888,000, which is $1,131,399 (149.5%) higher than the average sold price of $756,601 in the last 30 days (January 21 - February 19). During the last 30 days the average sold price for a 2 bedroom condo in Toronto increased by $25,750 (3.5%) compared to the previous 30 day period (December 22 - January 20) and down $31,820 (4.0%) from the same time one year ago.Inventory Change
There were 1,180 2-bedroom condos listed in Toronto over the last 30 days (January 21 - February 19), which is up 45.7% compared with the previous 30 day period (December 22 - January 20) and up 12.2% compared with the same period last year.Sold Price Above/Below Asking ($)
2-bedroom condos in Toronto typically sold ($15,842) (2.1%) below asking price over the last 30 days (January 21 - February 19), which represents a $3,965 increase compared to the previous 30 day period (December 22 - January 20) and ($14,808) 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 Toronto over the last 30 days (January 21 - February 19) stood at 26.8%, down from 33.1% over the previous 30 days (December 22 - January 20) and down from 45.4% one year ago.Average Days on Market when Sold vs Delisted
An average time on the market for a 2-bedroom 3-bathroom condo in Toronto stood at 32 days when successfully sold over the last 30 days (January 21 - February 19), compared to 73 days before being removed from the market upon being suspended or terminated.Listing contracted with Royal Lepage Signature Realty
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