55 Merchants Wharf 923
Waterfront Communities C8, Downtown Toronto, M5A 0P2
FOR SALE
$2,799,000
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Property Description
This majestic, 1530 square foot custom-designed two-bedroom + den, three-bathroom residence in Tridel's Leed Platinum Certified Aqualina offers an indescribable living experience complemented by unparalleled lake and city views! Every inch of this immaculate southwest corner suite reflects superior craftsmanship and attention to detail with refined modern finishes and soaring ten-foot ceilings. The grand living and dining rooms are an entertainers dream with floor to ceiling windows and seamlessly connects to Lake Ontario with a private, jaw-dropping south facing terrace which exudes panoramic serenity. The suite is perfectly situated in the building allowing you to enjoy both sunrise and sunsets as well as lake and city views. The contemporary kitchen is equipped with all top of the line appliances and a large center island. The jaw-dropping primary bedroom retreat features a spa-like five-piece ensuite bathroom and breathtaking walk-in closet. The impressive south-facing second bedroom is perfect for guests and families providing an independent, tranquil sleeping wing. The adjoining west-facing enclosed den provides the perfect environment for an entertainment room, home study or guest room. The residence includes two parking spaces and one locker. World class building amenities include state of the art fitness facility, infinity pool overlooking Lake Ontario, rooftop garden with bbq's & cabana's, party room, cinema, media & recreation room, guest suites & concierge.
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Listing History
| List Date | End Date | Days Listed | List Price | Sold Price | Status |
|---|---|---|---|---|---|
| 2024-06-06 | 2024-07-04 | 28 | $2,900,000 | - | Terminated |
| 2023-03-22 | 2023-03-30 | 8 | $3,250,000 | - | Terminated |
Extras
World Class Location! Easy Access To Acclaimed Cafes & Shops. Steps To Sugar Beach, Sherbourne Common, Portlands, Waterfront Edge, Polson Pier, RCYC, Cherry Beach, MGT, Transit, St. Lawrence Market, Distillery & Financial Districts.
Property Features
Arts Centre, Beach, Clear View, Park, Public Transit, Waterfront
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Property Details
Street
Community
City
Property Type
Condo Apt, Apartment
Approximate Sq.Ft.
1400-1599
Taxes
$9,288 (2023)
Basement
Apartment
Exterior
Concrete
Heat Included
Yes
Heat Type
Forced Air
Heat Source
Gas
Air Conditioning
Central Air
Elevator
Yes
Parking Spaces
2
Parking 1
Owned (Level C)
Parking 2
Owned (Level C)
Garage Type
Underground
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Room Summary
| Room | Level | Size | Features |
|---|---|---|---|
| Foyer | Main | 20.08' x 7.09' | Closet, Hardwood Floor |
| Kitchen | Main | 8.23' x 16.24' | Centre Island, Overlook Water, Quartz Counter |
| Dining | Main | 6.82' x 17.85' | Combined W/Living, Hardwood Floor, Overlook Water |
| Living | Main | 13.68' x 17.85' | Open Concept, Hardwood Floor, Sw View |
| Prim Bdrm | Main | 17.49' x 11.68' | Hardwood Floor, Ensuite Bath, O/Looks Park |
| 2nd Br | Main | 10.07' x 18.50' | Hardwood Floor, Overlook Water, 3 Pc Ensuite |
| Den | Main | 10.14' x 13.48' | Hardwood Floor, O/Looks Park, West View |
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Downtown Toronto Market Statistics
Downtown Toronto Price Trend
55 Merchants Wharf 923 is a 2-bedroom 3-bathroom condo listed for sale at $2,799,000, which is $2,026,032 (262.1%) higher than the average sold price of $772,968 in the last 30 days (August 19 - September 17). During the last 30 days the average sold price for a 2 bedroom condo in Downtown Toronto declined by $14,819 (1.9%) compared to the previous 30 day period (July 20 - August 18) and down $18,011 (2.3%) from the same time one year ago.Inventory Change
There were 1,343 2-bedroom condos listed in Downtown Toronto over the last 30 days (August 19 - September 17), which is up 19.8% compared with the previous 30 day period (July 20 - August 18) and up 5.7% compared with the same period last year.Sold Price Above/Below Asking ($)
2-bedroom condos in Downtown Toronto typically sold ($16,777) (2.2%) below asking price over the last 30 days (August 19 - September 17), which represents a $4,507 increase compared to the previous 30 day period (July 20 - August 18) and ($10,656) 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 (August 19 - September 17) stood at 32.7%, down from 38.8% over the previous 30 days (July 20 - August 18) and up from 32.4% 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 Downtown Toronto stood at 31 days when successfully sold over the last 30 days (August 19 - September 17), compared to 59 days before being removed from the market upon being suspended or terminated.Listing contracted with Re/Max Hallmark Bibby Group Realty
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