55 Merchants Wharf 620
Waterfront Communities C8, Downtown Toronto, M5A 0P2
FOR SALE
$630,000
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Property Description
Why pay rent when you can own this move in ready, work from home friendly, Tridel built condo on the waters edge of Lake Ontario. South east view overlooking the water, with soaring high ceilings,modern kitchen finishes and tons of storage space. This is a great opportunity to get into homeownership and live by the water with condo amenities comparable to a 5 star Hotel: 24-HoursConcierge, Theater Room, Spinning Room, Yoga Room, Fitness Center, Library, Rooftop Pool and More!On top of that, everything that makes Toronto a destination is at your doorstep!
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Property Details
Street
Community
City
Property Type
Condo Apt, Apartment
Approximate Sq.Ft.
500-599
Taxes
$2,472 (2024)
Basement
None
Exterior
Concrete
Heat Type
Forced Air
Heat Source
Gas
Air Conditioning
Central Air
Parking 1
None
Garage Type
Underground
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Room Summary
| Room | Level | Size | Features |
|---|---|---|---|
| Living | Flat | 10.01' x 10.50' | Window Flr To Ceil, Overlook Water |
| Dining | Flat | 9.15' x 11.42' | Open Concept, Combined W/Kitchen |
| Kitchen | Flat | 9.15' x 11.42' | Stainless Steel Appl |
| Br | Flat | 7.71' x 7.71' | Sliding Doors |
| Den | Flat | 5.09' x 5.91' | B/I Desk |
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Downtown Toronto Market Statistics
Downtown Toronto Price Trend
55 Merchants Wharf 620 is a 1-bedroom 1-bathroom condo listed for sale at $630,000, which is $27,824 (4.6%) higher than the average sold price of $602,176 in the last 30 days (March 29 - April 27). During the last 30 days the average sold price for a 1 bedroom condo in Downtown Toronto increased by $757 (0.1%) compared to the previous 30 day period (February 28 - March 28) and down $25,718 (4.1%) from the same time one year ago.Inventory Change
There were 1,665 1-bedroom condos listed in Downtown Toronto over the last 30 days (March 29 - April 27), which is up 16.7% compared with the previous 30 day period (February 28 - March 28) and up 53.2% compared with the same period last year.Sold Price Above/Below Asking ($)
1-bedroom condos in Downtown Toronto typically sold ($7,788) (1.3%) below asking price over the last 30 days (March 29 - April 27), which represents a $3,050 increase compared to the previous 30 day period (February 28 - March 28) and ($2,428) 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 1-bedroom condos in Downtown Toronto over the last 30 days (March 29 - April 27) stood at 39.1%, down from 45.4% over the previous 30 days (February 28 - March 28) and down from 76.4% one year ago.Average Days on Market when Sold vs Delisted
An average time on the market for a 1-bedroom 1-bathroom condo in Downtown Toronto stood at 27 days when successfully sold over the last 30 days (March 29 - April 27), compared to 45 days before being removed from the market upon being suspended or terminated.Listing contracted with Keller Williams Real Estate Associates
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