Maintenance Fees
55 Mercer Condos vs The King West Area
$549,000Studio1 ba1 pk370 sqft
For Sale55 Mercer Condos
62 Days on Strata
$549,000
Price Cut: $565,000
Price Cut: $565,000
Studio
1 Bath
1 Parking
370 SQFT
Listing History
Unit Highlights
Property Type:
Condo
Maintenance Fees:
$433/mth
Taxes:
$2,546 (2024)
Cost Per Sqft:
$1,484/sqft
Outdoor Space:
Juliet Balcony
Locker:
Owned
Exposure:
West
Possession Date:
To Be Arranged
Laundry:
Ensuite
Amenities
BBQs Allowed
Indoor Parking
Guest Suites
Sauna
Concierge
Business Centre
Party Room
Rooftop Deck
Gym Room
About this Listing
Introducing a brand new 370 sq ft studio unit at 55 Mercer Condos with 1 Parking & 1 Bike Locker, a modern development by CentreCourt Developments Inc. Located at King St W & John St in Torontos vibrant Entertainment District, this studio offers sleek laminated flooring, large windows, and a Juliet balcony. The kitchen features stone countertops and built-in mordern appliances. Enjoy Roof top Mercer Club amenities including outdoor Outdoor lounge, private dining area, Bar, BBQ stations, Co-working space, Boardroom. Building also features 24hr concerige, Gym, Guest suite etc. The underground PATH system, located just 150 meters away, provides easy access to the downtown core.This prime location is a walkers paradise with everything you need within reach. Experience urban living at its finest!
re/max excel titanMLS® #C11955722
Fees & Utilities
Maintenance Fees
Included in Fees
Parking
Building Maintenance
Building Insurance
Not Included
Hydro
Heat
Air Conditioning
Water
Utility Type
Air Conditioning
Central Air
Heat Source
Gas
Heating
Forced Air
Room Dimensions
Living
Combined with Kitchen
18.77 x 13.75ft
Kitchen
Combined with Living, Built-in Appliances
18.77 x 13.75ft
Bathroom
4 Piece Bath
6.56 x 6.56ft
Buyer's Market
Balanced
Seller's Market
Similar Listings
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Walkability
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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 55 Mercer Condos
Days on Strata
Units at 55 Mercer Condos spend an average of
41
Days on Strata
based on recent sales
List vs Selling Price
On average, these condos sell for
6%
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
N/A
Property Value
0%
Increase in property value within the past twelve months
Price Ranking
1st
Highest price per SQFT out of 112 condos in the King West area
Sold Units
10
Units were Sold over the past twelve months
Rented Units
236
Units were Rented over the past twelve months
Best Value Rank
55 Mercer Condos offers the best value out of 112 condos in the King West neighbourhood
?
N/A
Appreciation Rank
55 Mercer Condos has the highest ROI out of 112 condos in the King West neighbourhood
?
N/A
Rental Yield
55 Mercer Condos yields the highest rent prices out of 112 condos in the King West neighbourhood
?
N/A
High Demand
55 Mercer Condos is the most popular building out of 112 condos in the King West neighbourhood
?
N/A
Market Insights
Transaction Insights at 55 Mercer Condos
| Studio | 1 Bed | 1 Bed + Den | 2 Bed | 2 Bed + Den | 3 Bed | 3 Bed + Den | |
|---|---|---|---|---|---|---|---|
| Price Range | $426,000 - $432,000 | $540,000 - $564,990 | $700,000 - $815,000 | $900,000 | No Data | $1,073,000 | No Data |
| Avg. Cost Per Sqft | $1,223 | $1,362 | $1,247 | $1,321 | No Data | $1,339 | No Data |
| Price Range | $1,900 - $2,400 | $2,100 - $3,000 | $2,250 - $3,500 | $2,500 - $3,780 | $2,600 - $3,400 | $3,500 - $4,600 | $3,900 - $4,500 |
| Avg. Wait for Unit Availability | 49 Days | 35 Days | 76 Days | No Data | No Data | No Data | No Data |
| Avg. Wait for Unit Availability | 9 Days | 4 Days | 4 Days | 11 Days | 19 Days | 12 Days | 44 Days |
| Ratio of Units in Building | 15% | 34% | 30% | 10% | 4% | 9% | 1% |
Market Inventory
Total number of units listed and sold in King West
