Maintenance Fees
55 Mercer Condos vs The King West Area
for sale
49 Days on Strata
3509 - 55 Mercer St
$649,900
1 Bed + 1
2 Bath
0 Parking
600 - 699 SQFT
Price History
- Maintenance Fees:
- $472/mth
- Taxes:
- $0 (2024)
- Property Type:
- Condo
- Cost Per Sqft:
- $930 - $1,083/sqft
- Outdoor Space:
- Balcony
- Locker:
- None
- Possession Date:
- Nov 1
- Exposure:
- North East
Amenities
Gym
Media Room
Party Room
Rooftop Deck
About this Listing
Downtown Living, Elevated! Welcome to sky-high sophistication in this brand-new 1+Den corner unit, perched on the 35th floor with floor-to-ceiling windows framing jaw-dropping views of the CN Tower and city skyline. Designed for modern living, the den (with its own door) doubles as a guest room or private office, while two full bathrooms add rare convenience. The chefs kitchen boasts quartz counters and built-in stainless steel appliances, and the primary suite opens to a private balconyperfect for soaking in the buzz of Toronto. Step outside and youre in the heart of it all: stroll to Rogers Centre for the game, Nobu for dinner, TIFF for film premieres, or the CN Tower just for fun. Streetcars and subways are minutes away, making the entire city your backyard. World-class amenities top it off - Peloton studios, rooftop terrace, basketball court, two-story gym, sleek workspaces, and more. This is the ultimate downtown lifestyle, where every day feels like an event.
ExtrasBuilt-in Fridge, stove, range hood, microwave, dish washer. Washer and Dryer.
exp realtyMLS® #C12443138
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
- Living
- 12.7 x 13.85ft
- Laminate, Windows Floor to Ceiling, Combined with Dining
- Kitchen
- 12.7 x 13.85ft
- Laminate, Windows Floor to Ceiling, Open Concept
- Dining
- 12.7 x 13.85ft
- Laminate, Windows Floor to Ceiling, Combined with Kitchen
- Primary
- 9.06 x 11.75ft
- Balcony, Windows Floor to Ceiling, 4 Piece Ensuite
- Den
- 8.24 x 6.14ft
- Laminate, Windows Floor to Ceiling, Separate Room
Buyer's Market
Balanced
Seller'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
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
LOWchance 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
-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 best value out of 120 condos in the King West neighbourhood
?
N/A
Appreciation Rank
55 Mercer Condos has the highest ROI out of 120 condos in the King West neighbourhood
?
N/A
Rental Yield
55 Mercer Condos yields the highest rent prices out of 120 condos in the King West neighbourhood
?
N/A
High Demand
55 Mercer Condos is the most popular building out of 120 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 | $430,000 - $445,000 | $540,000 - $573,000 | $713,800 | $830,000 - $900,000 | No Data | No Data | No Data |
| Avg. Cost Per Sqft | $1,213 | $1,337 | $1,117 | $1,218 | No Data | No Data | No Data |
| Price Range | $1,795 - $2,100 | $1,399 - $3,000 | $2,250 - $3,300 | $2,700 - $3,500 | $2,800 - $2,975 | $3,900 - $4,500 | $4,500 - $4,700 |
| Avg. Wait for Unit Availability | 72 Days | 54 Days | 95 Days | 16 Days | No Data | No Data | No Data |
| Avg. Wait for Unit Availability | 9 Days | 4 Days | 4 Days | 11 Days | 42 Days | 15 Days | 85 Days |
| Ratio of Units in Building | 15% | 33% | 31% | 11% | 3% | 9% | 1% |
Market Inventory
Total number of units listed and sold in King West
