55 Merchants Wharf 620
Waterfront Communities C8, Downtown Toronto, M5A 0P2
FOR SALE
$575,000
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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-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!
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Listing History
| List Date | End Date | Days Listed | List Price | Sold Price | Status |
|---|---|---|---|---|---|
| 2024-06-05 | 2024-08-02 | 58 | $599,900 | - | Terminated |
| 2024-02-26 | 2024-06-04 | 99 | $630,000 | - | Terminated |
Extras
One Storage Locker is Incuded
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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 $575,000, which is $5,764 (1.0%) higher than the average sold price of $569,236 in the last 30 days (October 21 - November 19). During the last 30 days the average sold price for a 1 bedroom condo in Downtown Toronto declined by $1,563 (0.3%) compared to the previous 30 day period (September 21 - October 20) and down $22,277 (3.8%) from the same time one year ago.Inventory Change
There were 1,261 1-bedroom condos listed in Downtown Toronto over the last 30 days (October 21 - November 19), which is down 7.8% compared with the previous 30 day period (September 21 - October 20) and up 2.3% compared with the same period last year.Sold Price Above/Below Asking ($)
1-bedroom condos in Downtown Toronto typically sold ($10,859) (1.9%) below asking price over the last 30 days (October 21 - November 19), which represents a $855 increase compared to the previous 30 day period (September 21 - October 20) and ($13,197) 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 (October 21 - November 19) stood at 49.5%, up from 37.0% over the previous 30 days (September 21 - October 20) and up from 31.6% 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 32 days when successfully sold over the last 30 days (October 21 - November 19), compared to 64 days before being removed from the market upon being suspended or terminated.Listing contracted with Exp Realty
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