Maintenance Fees
The Mercer vs The King West Area
$2,8801 bd2 ba1 pk785 sqft
For RentThe Mercer
4.0
245 Days on Strata
$2,880/mth
Price Cut: $3,150
Price Cut: $3,150
1 Bed + 1
2 Bath
1 Parking
785 SQFT
Listing History
Details
Property Type:
Condo
Possession Date:
September 1, 2024
Lease Term:
1 Year
Utilities Included:
No
Outdoor Space:
Balcony
Furnished:
No
Exposure:
South
Locker:
None
Laundry:
Ensuite
Amenities
Rec Room
Visitor Parking
Party Room
Concierge
Rooftop Deck
Sauna
Guest Suites
Gym
Media Room
Security System
About this Listing
Heart Of Entertainment District At King And John. One Bedroom + Den (Can Be Used As A Second Bedroom) Highly Coveted, Mercer Building At King/John. Features Two Full Bathrooms, Marble And Granite Countertops, Hardwood Throughout . Modern European Kitchen With Panel Fridge, Top Of The Line Miele Appliances. Ensuite Washer And Dryer. Floor To Ceiling Windows. Club Mercer Fitness Centre, Party Room, Sauna, The Terrace Private Lounges.
century 21 people`s choice realty inc.MLS® #C9248323
Fees & Utilities
Utilities Included
Rent Includes
Heat
Water
Parking
Building Maintenance
Not Included
Hydro
Air Conditioning
Utility Type
Air Conditioning
Central Air
Heat Source
Gas
Heating
Forced Air
Room Dimensions
Living
Hardwood Floor
15.09 x 10.89ft
Kitchen
Open Concept, Stainless Steel Appliances
12.76 x 16.11ft
Primary
hardwood floor, Closet
10.99 x 9.09ft
2nd Bedroom
Closet, hardwood floor
9.09 x 8.17ft
Renter's Market
Balanced
Landlord's Market
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10/10
Walkability
Congratulations, you're the mayor of Walksville! Everything's at your doorstep.
10/10
Transit
Meet the heartbeat of the city — transit so smooth, you’ll never miss a beat.
6/10
Bikeability
The bike lane starts to feel like a second home.
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Demographics
Based on the dissemination area as defined by Statistics Canada. A dissemination area contains, on average, approximately 200 – 400 households.
Population
24,225
Average Individual Income
$66,367
Average Household Size
3 persons
Average Age
0
Average Household Income
$109,098
Dominant Housing Type
High Rise Apartment
Population By Age
Household Income
Housing Types & Tenancy
High Rise Apartment
36%
Detached
33%
Semi Detached
21%
Low Rise Apartment
4%
Duplex
3%
Marital Status
Commute
Languages (Primary Language)
Other
71%
Mandarin
14%
Cantonese
9%
Tamil
2%
Arabic
1%
Tagalog
1%
Spanish
1%
Korean
1%
Education
University and Above
43%
High School
21%
College
15%
None
13%
University Below Batchelor
3%
Apprenticeship
2%
Major Field of Study
Business Management
25%
Architecture & Engineering
18%
Health & Related Fields
11%
Social Sciences
10%
Math & Computer Sciences
9%
Humanities
6%
Physical Sciences
5%
Education
4%
Visual & Performing Arts
3%
Personal, Protective & Transportation Services
2%
Building Trends At The Mercer
Days on Strata
Units at The Mercer spend an average of
40
Days on Strata
based on recent sales
List vs Selling Price
On average, these condos sell for
2%
below
the list price.
Offer Competition
Condos in this building have an
AVERAGEchance of receiving
Multiple Offers
compared to other buildings in King West
Turnover of Units
On average, each unit is owned for
7
YEARS before being sold againProperty Value
-6%
Decrease in property value within the past twelve months
Price Ranking
32nd
Highest price per SQFT out of 112 condos in the King West area
Sold Units
11
Units were Sold over the past twelve months
Rented Units
80
Units were Rented over the past twelve months
Best Value Rank
The Mercer offers the best value out of 112 condos in the King West neighbourhood
?
Appreciation Rank
The Mercer has the highest ROI out of 112 condos in the King West neighbourhood
?
Rental Yield
The Mercer yields the highest rent prices out of 112 condos in the King West neighbourhood
?
High Demand
The Mercer is the most popular building out of 112 condos in the King West neighbourhood
?
Market Insights
Transaction Insights at The Mercer
| Studio | 1 Bed | 1 Bed + Den | 2 Bed | 2 Bed + Den | 3 Bed | |
|---|---|---|---|---|---|---|
| Price Range | $416,000 - $446,000 | $518,000 - $523,000 | $555,000 - $653,000 | $935,000 | No Data | $1,030,000 |
| Avg. Cost Per Sqft | $966 | $1,041 | $960 | $1,210 | No Data | $1,150 |
| Price Range | $1,850 - $2,100 | $2,300 - $2,400 | $2,300 - $2,900 | $1,500 - $3,400 | $3,200 - $3,599 | $4,000 - $5,200 |
| Avg. Wait for Unit Availability | 88 Days | 66 Days | 36 Days | 96 Days | 170 Days | 169 Days |
| Avg. Wait for Unit Availability | 18 Days | 22 Days | 11 Days | 28 Days | 57 Days | 63 Days |
| Ratio of Units in Building | 18% | 19% | 35% | 15% | 8% | 8% |
Market Inventory
Total number of units listed and leased in King West
