Maintenance Fees
The Mercer vs The King West Area
for sale
49 Days on Strata
507 - 8 Mercer St
$678,900
1 Bed + 1
1 Bath
1 Parking
636 SQFT
Price History
- Maintenance Fees:
- $490/mth
- Taxes:
- $3,703 (2025)
- Property Type:
- Condo
- Cost Per Sqft:
- $1,067/sqft
- Outdoor Space:
- Balcony
- Locker:
- Owned
- Possession Date:
- TBD
- Exposure:
- South
Amenities
Concierge
Gym
Media Room
Party Room
Visitor Parking
Rooftop Deck
About this Listing
Welcome to The Mercer. This 1 Bedroom + Den Suite Features Designer Kitchen Cabinetry With Stainless Steel Appliances, Stone Countertops & a Breakfast Bar. Bright High Floor-To-Ceiling Windows With Hardwood Flooring Throughout. A Spacious Sized Master Bedroom With a Mirrored Double Closet. This location is in the heart of the best that Toronto has to offer! Literally - Walk Score of 98, Transit score 100, Bike score 90! Steps To The Underground P.A.T.H., City's Finest Restaurants, Sports/Concert Venues, Lounges & Theatres On King St. West, The Financial & Entertainment Districts. The Building Features a 24hr Concierge, visitor parking, fitness center, hot tub, sauna, media room, outdoor terrace, and party room. 1 secure underground parking spot and locker included. Functional open concept plan. Den large enough to use as a dining room! Upgraded and high end engineered flooring throughout (as-is). The spacious living and dining areas seamlessly blend, leading to a generous yet private balcony perfect to enjoy your favorite morning home brew! The upgraded Hollywood kitchen is truly the heart of the home. Featuring an eat in extended layout, enlarged center island with breakfast bar, neutral quartz countertops and backsplash, upgraded lighting, and a separate laundry room. Large primary suite!
century 21 innovative realty inc.MLS® #C12445088
Utilities & Inclusions
- Hydro
- Not Included
- Heat
- Included
- Air Conditioning
- Not Included
- Water
- Included
- Parking
- Included
- Building Maintenance
- Included
- Building Insurance
- Included
- Heating Type
- Forced Air
- Heat Source
- Gas
- Air Conditioning Type
- Central Air
Dimensions
- Kitchen
- 9.02 x 8.2ft
- hardwood floor, Breakfast Bar, Built-in Appliances
- Living
- 13.42 x 10.34ft
- hardwood floor, Open Concept
- Den
- 9.58 x 5.25ft
- hardwood floor, Semi Ensuite
- Primary
- 10.24 x 9.42ft
- hardwood floor, Semi Ensuite, Double Closet
- Dining
- 9.02 x 8.2ft
- hardwood floor, Breakfast Bar, Combined with Kitchen
Buyer's Market
Balanced
Seller's Market
Building Spotlight
Similar Listings
Explore King West
Map
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.
Mortgage Calculator
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
34
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
AVERAGEchance of receiving
Multiple Offers
compared to other buildings in King West
Turnover of Units
On average, each unit is owned for
7.2
YEARS before being sold againProperty Value
-8%
Decrease in property value within the past twelve months
Price Ranking
52nd
Highest price per SQFT out of 120 condos in the King West area
Sold Units
7
Units were Sold over the past twelve months
Rented Units
72
Units were Rented over the past twelve months
Best Value Rank
The Mercer offers the best value out of 120 condos in the King West neighbourhood
?
Appreciation Rank
The Mercer has the highest ROI out of 120 condos in the King West neighbourhood
?
Rental Yield
The Mercer yields the highest rent prices out of 120 condos in the King West neighbourhood
?
High Demand
The Mercer is the most popular building out of 120 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 | No Data | $480,000 - $513,000 | No Data | $870,000 | $740,000 - $758,000 | $890,000 - $900,000 |
| Avg. Cost Per Sqft | No Data | $975 | No Data | $1,164 | $929 | $964 |
| Price Range | $1,800 - $2,000 | $1,600 - $2,400 | $2,200 - $2,870 | $3,150 - $3,850 | $3,200 - $3,550 | $3,800 - $4,100 |
| Avg. Wait for Unit Availability | 88 Days | 70 Days | 35 Days | 102 Days | 183 Days | 165 Days |
| Avg. Wait for Unit Availability | 19 Days | 22 Days | 12 Days | 30 Days | 52 Days | 70 Days |
| Ratio of Units in Building | 18% | 18% | 36% | 15% | 8% | 8% |
Market Inventory
Total number of units listed and sold in King West
