8 Mercer St 605
Waterfront Communities C1, Downtown Toronto, M5V 0C4
FOR SALE
$929,000
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Property Description
Discover this highly sought-after split-layout corner unit featuring 2 bedrooms, 2 baths, and a wrap-around balcony, plus the rare luxury of a spacious terrace perfect for creating your own beautiful garden oasis. The unit boasts high-end finishes and an open-concept design highlighted by stunning floor-to-ceiling glass windows.Enjoy breathtaking southeast views of the CN Tower while being steps away from the subway, Rogers Centre, and the waterfront.Building Amenities:Expansive 10,000 sq. ft. terrace on the 6th floor, Fitness center, Party room, Sauna and spa area with a hot tub.This is urban living at its finest, dont miss this exceptional opportunity! **EXTRAS** 1 parking (E20), 1 locker ( E67) included.
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Listing History
| List Date | End Date | Days Listed | List Price | Sold Price | Status |
|---|---|---|---|---|---|
| 2025-01-06 | 2025-02-10 | 35 | $939,000 | - | Terminated |
| 2022-10-04 | 2022-10-15 | 11 | $3,600 | $3,550 | Leased |
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Property Details
Street
Community
City
Property Type
Condo Apt, Apartment
Approximate Sq.Ft.
700-799
Taxes
$4,499 (2024)
Basement
None
Exterior
Brick, Concrete
Heat Included
Yes
Heat Type
Forced Air
Heat Source
Gas
Air Conditioning
Central Air
Parking 1
Owned (P5: E20)
Garage Type
Underground
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Room Summary
| Room | Level | Size | Features |
|---|---|---|---|
| Living | Flat | 12.14' x 9.51' | W/O To Balcony, Hardwood Floor, Se View |
| Dining | Flat | 12.99' x 11.32' | Combined W/Living, Hardwood Floor, Open Concept |
| Kitchen | Flat | 12.99' x 11.32' | Combined W/Dining, Hardwood Floor, Open Concept |
| Prim Bdrm | Flat | 9.84' x 9.19' | 3 Pc Ensuite, Double Closet, W/O To Balcony |
| 2nd Br | Flat | 8.53' x 9.51' | Double Closet, Hardwood Floor, W/O To Balcony |
| Foyer | Flat | 9.84' x 7.55' |
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Downtown Toronto Market Statistics
Downtown Toronto Price Trend
8 Mercer St 605 is a 2-bedroom 2-bathroom condo listed for sale at $929,000, which is $172,399 (22.8%) higher than the average sold price of $756,601 in the last 30 days (January 21 - February 19). During the last 30 days the average sold price for a 2 bedroom condo in Downtown Toronto increased by $25,750 (3.5%) compared to the previous 30 day period (December 22 - January 20) and down $31,820 (4.0%) from the same time one year ago.Inventory Change
There were 1,180 2-bedroom condos listed in Downtown Toronto over the last 30 days (January 21 - February 19), which is up 45.7% compared with the previous 30 day period (December 22 - January 20) and up 12.2% compared with the same period last year.Sold Price Above/Below Asking ($)
2-bedroom condos in Downtown Toronto typically sold ($15,842) (2.1%) below asking price over the last 30 days (January 21 - February 19), which represents a $3,965 increase compared to the previous 30 day period (December 22 - January 20) and ($14,808) 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 (January 21 - February 19) stood at 26.8%, down from 33.1% over the previous 30 days (December 22 - January 20) and down from 45.4% 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 32 days when successfully sold over the last 30 days (January 21 - February 19), compared to 73 days before being removed from the market upon being suspended or terminated.Listing contracted with Homelife New World Realty Inc.
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