Maintenance Fees
55 Mercer Condos vs The King West Area
for sale
11 Days on Strata
611 - 55 Mercer St
$730,000
2 Beds + 1
2 Bath
0 Parking
738 SQFT
Price History
- Maintenance Fees:
- $566/mth
- Taxes:
- $0 (2024)
- Property Type:
- Condo
- Cost Per Sqft:
- $989/sqft
- Outdoor Space:
- None
- Locker:
- None
- Possession Date:
- Now
- Exposure:
- North
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
Beautifully designed 2 bedroom plus den unit in the newly built 55 Mercer Condominiums by Centrecourt. With 738 sq ft of well appointed living space, this north-facing unit offers a serene retreat in the heart of the city. As you enter, you'll be greeted by an open-concept layout that maximizes space and light. The bright living area is perfect for relaxation and entertaining, while large windows provide an abundance of natural light. The contemporary kitchen is equipped with high-quality appliances and sleek cabinetry. The separate den provides an ideal space for a home office, nursery, or cozy reading nook. As a resident of 55 Mercer, you'll enjoy access to The Mercer Club which offers 3 floors of state-of-the-art fitness, co-working and entertainment spaces. Parking available upon request.
ExtrasProperty to be sold with full TARION warranty. Built-In Appliances: Fridge, Cooktop, Dishwasher. Washer, Dryer. All Electrical Light Fixtures. Parking Available Upon Request
union capital realtyMLS® #C12534750
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
- Kitchen
- 10.24 x 23.07ft
- Combined with Dining, Built-in Appliances
- Dining
- 10.24 x 23.07ft
- Combined with Kitchen, Open Concept
- Living
- 10.24 x 23.07ft
- Combined with Dining, North View
- Primary
- 9.22 x 10.01ft
- 4 Piece Ensuite, Closet
- 2nd Bedroom
- 7.81 x 8.89ft
- Large Closet, Sliding Doors
- Den
- 7.97 x 7.64ft
- Separate Room, Sliding Doors
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
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
