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    Toronto / Downtown / King West

    1606 - 55 Mercer St

    For Sale55 Mercer Condos
    $492,500
    Studio
    1 Bath
    0 Parking
    499 SQFT
    3 Days on Strata
    Est Sell Timeframe
    9 Days

    Listing History

    Unit Highlights

    Property Type:
    Condo
    Maintenance Fees:
    $317/mth
    Taxes:
    $0 (2024)
    Cost Per Sqft:
    $987 - $1,234/sqft
    Locker:
    Owned
    Outdoor Space:
    Juliet Balcony
    Exposure:
    North
    Possession Date:
    As Soon As Possible
    Buyer's Market
    Balanced
    Seller's Market

    Maintenance Fees

    Included
    Air Conditioning
    Building Maintenance
    Building Insurance
    Excluded
    Hydro
    Heat
    Water

    Utility Type

    Air Conditioning
    Central Air
    Heat Source
    Gas
    Heating
    Forced Air

    Room Dimensions

    Living
    Combined with Kitchen, Windows Floor to Ceiling
    18.77 x 13.75ft
    Kitchen
    Combined with Dining, Built-in Appliances
    18.77 x 13.75ft
    Dining
    Combined with Living, Open Concept
    18.77 x 13.75ft

    About this Listing

    Client RemarksIntroducing a brand new condo unit with a studio layout and a single 4-piece washroom. Throughout, enjoy sleek laminated flooring and ample natural light from large windows & a Juliet balcony. The kitchen features stone countertops and built-in appliances. Enjoy 18,000 sq.ft. of amenities including outdoor fitness facilities, a basketball court, BBQ areas, fire pits, and a dog walking area. Stay active with a state of the art indoor fitness center or get productive in the work from home areas. Located in downtown Toronto's entertainment district, near landmarks like the CN Tower and Rogers Centre, with a perfect walk and transit score. A locker is included, along with 24-hour concierge service & automated parcel delivery. Full TARION warranty.

    royal lepage signature connect.ca realtyMLS® #C11911537

    Amenities

    Party Room
    Indoor Parking
    Concierge
    Guest Suites
    Sauna
    Gym Room

    Explore Neighbourhood

    Unknown
    Walkability
    Unknown
    Transit
    Unknown
    Bikeability

    Similar Listings

    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
    0 - 14
    13%
    15 - 19
    1%
    20 - 34
    25%
    35 - 49
    19%
    50 - 64
    19%
    65+
    19%
    Household Income
    $0 - $30,000
    47%
    $30,000+
    23%
    $60,000+
    14%
    $90,000+
    9%
    $125,000+
    5%
    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%

    Price Trends

    Maintenance Fees

    55 Mercer Condos vs The King West Area

    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
    4%
    below
    the list price.

    Offer Competition

    Condos in this building have an
    AVERAGE
    chance of receiving
    Multiple Offers
    compared to other buildings in King West

    Turnover of Units

    On average, each unit is owned for
    N/A
    YEARS before being sold again

    Property Value

    0%
    Increase in property value within the past twelve months

    Price Ranking

    6th
    Highest price per SQFT out of 112 condos in the King West area

    Sold Units

    9
    Units were Sold over the past twelve months

    Rented Units

    345
    Units were Rented over the past twelve months

    Best Value Rank

    55 Mercer Condos offers the
    ?
    N/A
    best value out of 112 condos in the King West neighbourhood

    Appreciation Rank

    55 Mercer Condos has the
    ?
    N/A
    highest ROI out of 112 condos in the King West neighbourhood

    Rental Yield

    55 Mercer Condos yields the
    ?
    N/A
    highest rent prices out of 112 condos in the King West neighbourhood

    High Demand

    55 Mercer Condos is the
    ?
    N/A
    most popular building out of 112 condos in the King West neighbourhood

    Transaction Insights at 55 Mercer Street

    Studio1 Bed1 Bed + Den2 Bed2 Bed + Den3 Bed3 Bed + Den
    Price Range$426,000 - $432,000$540,000$700,000 - $815,000No DataNo Data$1,073,000No Data
    Avg. Cost Per Sqft$1,211$1,269$1,258No DataNo Data$1,339No Data
    Avg. Wait for Unit Availability49 DaysNo Data76 DaysNo DataNo DataNo DataNo Data
    Ratio of Units in Building14%32%29%10%4%9%1%

    Transactions vs Inventory

    Total number of units listed and sold in King West