Maintenance Fees
55 Mercer Condos vs The King West Area
for sale
54 Days on Strata
3001 - 55 Mercer St
$794,999
1 Bed + 1
1 Bath
1 Parking
700 - 799 SQFT
Price History
- Maintenance Fees:
- $561/mth
- Taxes:
- $0 (2024)
- Property Type:
- Condo
- Cost Per Sqft:
- $995 - $1,136/sqft
- Outdoor Space:
- Balcony
- Locker:
- None
- Possession Date:
- TBD
- Exposure:
- South
Amenities
Concierge
Rooftop Deck
Media Room
Gym
Bike Storage
Guest Suites
Party Room
Sauna
Games Room
Indoor Parking
Amenity details for reference only. Independently verify accuracy.
About this Listing
South - Facing Condo In The Heart Of Downtown Toronto. With Amazing Views Of The CN Tower & Skydome. Offering Contemporary Living In A Newly Luxurious Building Constructed In 2024. Located On The 30th Floor With Stunning Views Of Downtown Toronto. Stunning Brand New Condo Unit With 1 Bedroom + 1 Den & 1 Three Piece Washroom. Laminate Floors Throughout The Unit. Large Windows, 9' Ceilings, Modern Kitchen W/ Quartz Countertop And Built In Appliances. Grand Lobby Furnished By FENDI Features 18,000 sq. ft Of Indoor And Outdoor Amenities For Residents To Enjoy, Outdoor Fitness And Basketball Court, BBQ's And Fire Pits, Dog Walking Area. 24 HR Indoor Fitness Centre With Peloton Bikes, Valet Parking, and many more. Located in the Vibrant Entertainment District, steps away from Union Station, the Financial District, and the Waterfront all just a short walk away. Unit Comes With Parking !!
ExtrasFridge, Oven, Dishwasher, Cooktop, Range Hood, Microwave & Stacked Washer/Dryer
re/max real estate centre inc.MLS® #C12433263
Utilities & Inclusions
- Hydro
- Not Included
- Heat
- Not Included
- Air Conditioning
- Not Included
- Water
- Not Included
- Parking
- Included
- Building Maintenance
- Included
- Building Insurance
- Included
- Heating Type
- Forced Air
- Heat Source
- Gas
- Air Conditioning Type
- Central Air
Dimensions
- Living
- 27.43 x 9.81ft
- Combined with Kitchen, Open Concept
- Primary
- 11.75 x 9.32ft
- Large Window, Large Closet, Laminate
- Den
- 7.22 x 10.4ft
- Sliding Doors, Laminate
- Bathroom
- 0 x 0ft
Buyer's Market
Balanced
Seller's Market
Building Spotlight
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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
203
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
