Maintenance Fees
55 Mercer Condos vs The King West Area
$4,9003 bds2 ba1 pk1,000 - 1,199 sqft
For Rent55 Mercer Condos
23 Days on Strata
$4,900/mth
Price Cut: $5,600
Price Cut: $5,600
3 Beds + 1
2 Bath
1 Parking
1,000 - 1,199 SQFT
Listing History
Unit Highlights
Property Type:
Condo
Possession Date:
May 1, 2025
Lease Term:
1 Year
Utilities Included:
No
Outdoor Space:
None
Furnished:
No
Exposure:
North
Locker:
Owned
Laundry:
Main
Amenities
BBQs Allowed
Indoor Parking
Guest Suites
Sauna
Concierge
Business Centre
Party Room
Rooftop Deck
Gym Room
About this Listing
3 Months Free Hydro! A Luxurious Residence Nestled in the Heart of Toronto, Offering Contemporary Living in a Newly Constructed Building in 2024. This Sophisticated Condo Boasts 3 Bedrooms and a Closed Den, with 2 Bathrooms, Spacious Layout Meticulously Designed Open Concept Living/Dining Space. A Modern Oasis Where Every Detail Has Been Carefully Curated. The Kitchen Provides Both Functionality and Style, Creating a Sleek and Efficient Culinary Space. The Open-Concept Layout Seamlessly Connects the Kitchen to the Living and Dining Areas, Promoting a Sense of Flow and Unity Throughout the Residence. Experience a Lifestyle of Convenience and Leisure. Stay Active in the State-of-the-Art Gym, and Enjoy Stylish Communal Spaces. The Residence Also Offers Central Places to Shop, With a Variety of Boutiques, Shops, and Dining Options Within Walking Distance, Making it a True Urban Retreat. Residents of 55 Mercer Will Enjoy Top-notch Amenities Unseen Elsewhere, BBQ Terrace, Basketball court and Yoga Studio. Unit is Tenanted with Different Furniture. Den Can Be Used as a Bedroom Too.
ExtrasFridge, Stove, DW, Microwave, Washer, Dryer, 1 storage locker
rock star real estate inc.MLS® #C12021371
Fees & Utilities
Utilities Included
Rent Includes
Parking
Not Included
Hydro
Heat
Air Conditioning
Water
Utility Type
Air Conditioning
Central Air
Heat Source
No Data
Heating
Forced Air
Room Dimensions
Living
3.28 x 3.28ft
Dining
3.28 x 3.28ft
Kitchen
3.28 x 3.28ft
Bedroom
3.28 x 3.28ft
2nd Bedroom
3.28 x 3.28ft
3rd Bedroom
3.28 x 3.28ft
Den
3.28 x 3.28ft
Renter's Market
Balanced
Landlord's Market
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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 leased in King West
