55 Merchants' Wharf 222

FOR SALE
$1,888,000
55 Merchants' Wharf 222, Downtown Toronto
55 Merchants' Wharf 222
55 Merchants' Wharf 222
55 Merchants' Wharf 222
55 Merchants' Wharf 222
55 Merchants' Wharf 222
55 Merchants' Wharf 222
55 Merchants' Wharf 222
55 Merchants' Wharf 222
55 Merchants' Wharf 222
55 Merchants' Wharf 222
55 Merchants' Wharf 222
55 Merchants' Wharf 222
55 Merchants' Wharf 222
55 Merchants' Wharf 222
55 Merchants' Wharf 222
55 Merchants' Wharf 222
55 Merchants' Wharf 222
55 Merchants' Wharf 222
55 Merchants' Wharf 222
55 Merchants' Wharf 222
55 Merchants' Wharf 222
55 Merchants' Wharf 222
55 Merchants' Wharf 222
55 Merchants' Wharf 222
55 Merchants' Wharf 222
55 Merchants' Wharf 222
55 Merchants' Wharf 222
55 Merchants' Wharf 222
55 Merchants' Wharf 222
55 Merchants' Wharf 222
55 Merchants' Wharf 222
55 Merchants' Wharf 222
55 Merchants' Wharf 222
55 Merchants' Wharf 222
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2 + 1
BEDROOMS
3
BATHROOMS
1
KITCHENS
6
ROOMS
C11954206
MLSID
Contact Us
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.
Listing History
List Date End Date Days Listed List Price Sold Price Status
2023-11-28 2024-01-16 49 $1,998,000 - Terminated
Extras
All Stainless Steel Appliances, All Window Coverings, All Electrical Light Fixtures.
Property Features
Clear View, Electric Car Charger, Lake/Pond, Park, Public Transit, School
Property Details
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
Room Summary
RoomLevelSizeFeatures
KitchenFlat12.27' x 29.99'Hardwood Floor, Stainless Steel Appl, Centre Island
DiningFlat12.27' x 29.99'Hardwood Floor, Combined W/Living
LivingFlat12.27' x 29.99'Hardwood Floor, Combined W/Dining, W/O To Terrace
DenFlat8.79' x 7.97'Hardwood Floor, French Doors
Prim BdrmFlat9.97' x 15.49'Hardwood Floor, 4 Pc Ensuite, Large Closet
2nd BrFlat9.97' x 12.37'Hardwood Floor, Large Window, Closet
Downtown Toronto Market Statistics
Downtown Toronto Price Trend
55 Merchants' Wharf 222 is a 2-bedroom 3-bathroom condo listed for sale at $1,888,000, which is $1,156,315 (158.0%) higher than the average sold price of $731,685 in the last 30 days (December 19 - January 17). During the last 30 days the average sold price for a 2 bedroom condo in Downtown Toronto declined by $22,246 (3.0%) compared to the previous 30 day period (November 19 - December 18) and down $30,320 (4.0%) from the same time one year ago.
Inventory Change
There were 779 2-bedroom condos listed in Downtown Toronto over the last 30 days (December 19 - January 17), which is down 6.4% compared with the previous 30 day period (November 19 - December 18) and up 35.7% compared with the same period last year.
Sold Price Above/Below Asking ($)
2-bedroom condos in Downtown Toronto typically sold ($21,191) (2.9%) below asking price over the last 30 days (December 19 - January 17), which represents a $4,232 decrease compared to the previous 30 day period (November 19 - December 18) and ($20,965) 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 (December 19 - January 17) stood at 38.0%, down from 58.2% over the previous 30 days (November 19 - December 18) and down from 48.1% 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 Downtown Toronto stood at 40 days when successfully sold over the last 30 days (December 19 - January 17), compared to 79 days before being removed from the market upon being suspended or terminated.
Listing contracted with Royal Lepage Signature Realty
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