8 Mercer St 2408
Waterfront Communities C1, Downtown Toronto, M5V 0C4
FOR SALE
$1,049,000
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3
BEDROOMS2
BATHROOMS1
KITCHENS7
ROOMSC9241155
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Property Description
Fantastic Location with best entertainment street (Theatres, Restaurants, Bars & etc), financial District. 3bdrms + 2Bathrms(912 sqft) with Balcony (112 sqft), Engineered Hardwood Floors, South lake view, very low maintenance fee, plenty free visitor parking, very quiet area, Luxury condo. 1 parking & 1 locker included.
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Listing History
| List Date | End Date | Days Listed | List Price | Sold Price | Status |
|---|---|---|---|---|---|
| 2023-08-13 | 2023-08-16 | 5 | $4,200 | $4,200 | Leased |
| 2023-06-22 | 2023-08-19 | 58 | $1,169,000 | - | Terminated |
| 2021-02-01 | 2021-02-24 | 23 | $3,650 | $3,500 | Leased |
| 2020-08-24 | 2021-01-31 | 161 | $3,700 | - | Expired |
Extras
Fridge, Stove, B/I Hood, Dishwasher, Microwave, All Elfs, All window coverings, Plenty free visitor parking lots,
Nearby Intersections
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Property Details
Street
Community
City
Property Type
Condo Apt, Apartment
Approximate Sq.Ft.
900-999
Taxes
$4,957 (2024)
Basement
None
Exterior
Concrete
Heat Included
Yes
Heat Type
Forced Air
Heat Source
Gas
Air Conditioning
Central Air
Parking Spaces
1
Parking 1
Owned (P4)
Garage Type
Underground
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Room Summary
| Room | Level | Size | Features |
|---|---|---|---|
| Dining | Flat | 15.49' x 10.27' | Hardwood Floor, Window, Combined W/Living |
| Living | Flat | 10.27' x 15.49' | Hardwood Floor, W/O To Balcony, Combined W/Dining |
| Kitchen | Flat | 8.53' x 13.68' | Hardwood Floor, Breakfast Bar, B/I Appliances |
| Prim Bdrm | Flat | 9.51' x 13.68' | Hardwood Floor, 3 Pc Ensuite, Closet |
| 2nd Br | Flat | 9.94' x 13.62' | Hardwood Floor, Closet, South View |
| 3rd Br | Flat | 7.87' x 7.87' | Hardwood Floor, Closet, Glass Doors |
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Downtown Toronto Market Statistics
Downtown Toronto Price Trend
8 Mercer St 2408 is a 3-bedroom 2-bathroom condo listed for sale at $1,049,000, which is $254,579 (32.0%) higher than the average sold price of $794,421 in the last 30 days (August 16 - September 14). During the last 30 days the average sold price for a 3 bedroom condo in Downtown Toronto declined by $153,874 (16.2%) compared to the previous 30 day period (July 17 - August 15) and down $173,368 (17.9%) from the same time one year ago.Inventory Change
There were 267 3-bedroom condos listed in Downtown Toronto over the last 30 days (August 16 - September 14), which is up 36.9% compared with the previous 30 day period (July 17 - August 15) and up 42.8% compared with the same period last year.Sold Price Above/Below Asking ($)
3-bedroom condos in Downtown Toronto typically sold ($16,446) (2.1%) below asking price over the last 30 days (August 16 - September 14), which represents a $10,134 increase compared to the previous 30 day period (July 17 - August 15) and ($32,931) 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 3-bedroom condos in Downtown Toronto over the last 30 days (August 16 - September 14) stood at 30.0%, down from 33.8% over the previous 30 days (July 17 - August 15) and down from 41.2% one year ago.Average Days on Market when Sold vs Delisted
An average time on the market for a 3-bedroom 2-bathroom condo in Downtown Toronto stood at 33 days when successfully sold over the last 30 days (August 16 - September 14), compared to 63 days before being removed from the market upon being suspended or terminated.Listing contracted with Homelife Frontier Realty Inc.
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