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    for sale
    67 Days on Strata

    312 - 55 Mercer St

    55 Mercer Condos
    $495,000
    1 Bed
    1 Bath
    0 Parking
    515 SQFT
    Strata is Hiring Realtors | Apply Now

    Price History

    Maintenance Fees:
    $403/mth
    Taxes:
    $0 (2024)
    Property Type:
    Condo
    Cost Per Sqft:
    $961/sqft
    Outdoor Space:
    None
    Locker:
    None
    Possession Date:
    Now
    Exposure:
    North

    Amenities

    Concierge
    Gym
    Media Room
    Party Room
    Rooftop Deck
    Sauna

    About this Listing

    Welcome To 55 Mercer, Nestled In The Heart Of The Entertainment District. This Brand New 1 Bedroom 515 Sqft. With Open-Concept Layout Seamlessly Connects The Living, Dining, And Kitchen Areas, Perfect For Entertaining Or Relaxing. Large Windows Flood The Space With Natural Light, Creating An Inviting Atmosphere. Enjoy Access To 3 Floors Of State-Of-The-Art Fitness Facilities, Co-Working Spaces, Rooftop Garden, And Party Room. Steps Away From TIFF, Rogers Centre, And CN Tower, Nobu, Along With World-Class Shopping, Restaurants, And Cafes. *Experience The Best Of City Living Today!*

    ExtrasB/I Fridge, Stove, Dishwasher, range hood, Washer/Dryer, B/I Microwave.

    bay street group inc.MLS® #C12404142

    Utilities & Inclusions

    Hydro
    Not Included
    Heat
    Not Included
    Air Conditioning
    Not Included
    Water
    Not Included
    Parking
    Not Included
    Building Maintenance
    Included
    Building Insurance
    Included
    Heating Type
    Forced Air
    Heat Source
    Gas
    Air Conditioning Type
    Central Air

    Dimensions

    Bedroom
    10.17 x 10.83ft
    Laminate
    Kitchen
    12.8 x 15.42ft
    Combined with Dining, Open Concept
    Living
    12.8 x 15.42ft
    Combined with Dining, Windows Floor to Ceiling
    Buyer's Market
    Balanced
    Seller's Market

    Building Spotlight

    Similar Listings

    Explore King West

    Map

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    map of location
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    Walkability
    Unknown
    Transit
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    Bikeability

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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
    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%

    Building Trends At 55 Mercer Condos

    Days on Strata

    Units at 55 Mercer Condos spend an average of
    48
    Days on Strata
    based on recent sales

    List vs Selling Price

    On average, these condos sell for
    1%
    below
    the list price.

    Offer Competition

    Condos in this building have a
    LOW
    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

    -1%
    Decrease in property value within the past twelve months

    Price Ranking

    4th
    Highest price per SQFT out of 120 condos in the King West area

    Sold Units

    9
    Units were Sold over the past twelve months

    Rented Units

    202
    Units were Rented over the past twelve months

    Best Value Rank

    55 Mercer Condos offers the
    ?
    N/A
    best value out of 120 condos in the King West neighbourhood

    Appreciation Rank

    55 Mercer Condos has the
    ?
    N/A
    highest ROI out of 120 condos in the King West neighbourhood

    Rental Yield

    55 Mercer Condos yields the
    ?
    N/A
    highest rent prices out of 120 condos in the King West neighbourhood

    High Demand

    55 Mercer Condos is the
    ?
    N/A
    most popular building out of 120 condos in the King West neighbourhood

    Market Insights

    Transaction Insights at 55 Mercer Condos

    Studio1 Bed1 Bed + Den2 Bed2 Bed + Den3 Bed3 Bed + Den
    Price Range$430,000 - $445,000$540,000 - $573,000$713,800$830,000 - $900,000No DataNo DataNo Data
    Avg. Cost Per Sqft$1,213$1,337$1,117$1,218No DataNo DataNo Data
    Avg. Wait for Unit Availability72 Days54 Days95 Days16 DaysNo DataNo DataNo Data
    Ratio of Units in Building15%33%31%11%3%9%1%

    Market Inventory

    Total number of units listed and sold in King West