55 Merchants Wharf 620

FOR SALE
$599,900
55 Merchants Wharf 620, Downtown Toronto
55 Merchants Wharf 620
55 Merchants Wharf 620
55 Merchants Wharf 620
55 Merchants Wharf 620
55 Merchants Wharf 620
55 Merchants Wharf 620
55 Merchants Wharf 620
55 Merchants Wharf 620
55 Merchants Wharf 620
55 Merchants Wharf 620
55 Merchants Wharf 620
55 Merchants Wharf 620
55 Merchants Wharf 620
55 Merchants Wharf 620
55 Merchants Wharf 620
55 Merchants Wharf 620
55 Merchants Wharf 620
55 Merchants Wharf 620
55 Merchants Wharf 620
55 Merchants Wharf 620
55 Merchants Wharf 620
55 Merchants Wharf 620
55 Merchants Wharf 620
55 Merchants Wharf 620
55 Merchants Wharf 620
55 Merchants Wharf 620
55 Merchants Wharf 620
55 Merchants Wharf 620
55 Merchants Wharf 620
55 Merchants Wharf 620
55 Merchants Wharf 620
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1
BEDROOMS
1
BATHROOMS
1
KITCHENS
4
ROOMS
C8407262
MLSID
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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-Hours Concierge, Theater Room, Spinning Room, Yoga Room, Fitness Center, Library, Roof Top Pool and More! On top of that, everything that makes Toronto a destination is at your doorstep!
Listing History
List Date End Date Days Listed List Price Sold Price Status
2024-02-26 2024-06-04 99 $630,000 - Terminated
Property Details
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
Room Summary
RoomLevelSizeFeatures
LivingFlat10.01' x 10.50'Window Flr To Ceil, Overlook Water
DiningFlat9.15' x 11.42'Open Concept, Combined W/Kitchen
KitchenFlat9.15' x 11.42'Stainless Steel Appl
BrFlat7.71' x 7.71'Sliding Doors
DenFlat5.09' x 5.91'B/I Desk
Downtown Toronto Market Statistics
Downtown Toronto Price Trend
55 Merchants Wharf 620 is a 1-bedroom 1-bathroom condo listed for sale at $599,900, which is $1,031 (0.2%) lower than the average sold price of $600,931 in the last 30 days (May 24 - June 22). During the last 30 days the average sold price for a 1 bedroom condo in Downtown Toronto increased by $6,568 (1.1%) compared to the previous 30 day period (April 24 - May 23) and down $35,542 (5.6%) from the same time one year ago.
Inventory Change
There were 1,817 1-bedroom condos listed in Downtown Toronto over the last 30 days (May 24 - June 22), which is down 6.4% compared with the previous 30 day period (April 24 - May 23) and up 18.8% compared with the same period last year.
Sold Price Above/Below Asking ($)
1-bedroom condos in Downtown Toronto typically sold ($10,645) (1.8%) below asking price over the last 30 days (May 24 - June 22), which represents a $2,961 decrease compared to the previous 30 day period (April 24 - May 23) and ($1,400) 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 (May 24 - June 22) stood at 31.0%, down from 32.5% over the previous 30 days (April 24 - May 23) and down from 56.9% 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 23 days when successfully sold over the last 30 days (May 24 - June 22), compared to 46 days before being removed from the market upon being suspended or terminated.
Listing contracted with Keller Williams Real Estate Associates
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