8 Mercer St 1502
Waterfront Communities C1, Downtown Toronto, M5V 0C4
FOR SALE
$988,800
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Property Description
Exquisite true 2-Bedroom Condo in the Vibrant Heart of Toronto Discover city living at its finest with this stunning condo located at 8 Mercer St. This sophisticated residence offers an impressive, bright living space, perfectly designed to cater to a modern lifestyle. Featuring 6th floor Terrace with BBQ, private lounges .The condo features two bedrooms and two bathrooms, each elegantly appointed. At the heart of the home is a large kitchen that will inspire your inner chef amenities are just as impressive as its interior. Enjoy a fully equipped gym, sauna, Hot Tub and generous entertainment/party rooms - creating a haven for relaxation and socializing
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Extras
Whether you're seeking an active urban lifestyle or a tranquil sanctuary amidst the hustle and bustle of city life, 8 Mercer Street promises a unique blend of both worlds. Experience it ALL!
Nearby Intersections
Property Features
Arts Centre, Hospital, Other, Park, Place Of Worship, Public Transit
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Property Details
Street
Community
City
Property Type
Condo Apt, Apartment
Approximate Sq.Ft.
800-899
Taxes
$4,084 (2023)
Basement
None
Exterior
Concrete
Heat Type
Heat Pump
Heat Source
Electric
Air Conditioning
Central Air
Parking Spaces
1
Parking 1
Owned (E)
Garage Type
Underground
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Room Summary
| Room | Level | Size | Features |
|---|---|---|---|
| Foyer | Main | 17.39' x 11.38' | |
| Kitchen | Main | 14.99' x 12.99' | Open Concept, Hardwood Floor, Eat-In Kitchen |
| Prim Bdrm | Main | 9.68' x 9.88' | Hardwood Floor, Ensuite Bath, Balcony |
| 2nd Br | Main | 9.38' x 8.69' | Hardwood Floor, Closet |
| Living | Main | 8.07' x 9.09' | Hardwood Floor, Balcony, Open Concept |
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Downtown Toronto Market Statistics
Downtown Toronto Price Trend
8 Mercer St 1502 is a 2-bedroom 2-bathroom condo listed for sale at $988,800, which is $180,552 (22.3%) higher than the average sold price of $808,248 in the last 30 days (March 27 - April 25). During the last 30 days the average sold price for a 2 bedroom condo in Downtown Toronto increased by $27,050 (3.5%) compared to the previous 30 day period (February 26 - March 26) and up $6,488 (0.8%) from the same time one year ago.Inventory Change
There were 1,491 2-bedroom condos listed in Downtown Toronto over the last 30 days (March 27 - April 25), which is up 18.6% compared with the previous 30 day period (February 26 - March 26) and up 34.8% compared with the same period last year.Sold Price Above/Below Asking ($)
2-bedroom condos in Downtown Toronto typically sold ($10,410) (1.3%) below asking price over the last 30 days (March 27 - April 25), which represents a $1,522 increase compared to the previous 30 day period (February 26 - March 26) and ($6,828) 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 (March 27 - April 25) stood at 47.0%, up from 46.2% over the previous 30 days (February 26 - March 26) and down from 65.2% one year ago.Average Days on Market when Sold vs Delisted
An average time on the market for a 2-bedroom 2-bathroom condo in Downtown Toronto stood at 24 days when successfully sold over the last 30 days (March 27 - April 25), compared to 53 days before being removed from the market upon being suspended or terminated.Listing contracted with Royal Lepage Terrequity Realty
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