33 days on Market

55 Mercer St #1711, Toronto, Ontario M5V 3W2

In the same building:
-
Condo
2
2
~700-799 sqft
$1,099,000
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Condo
2
2
~700-799 sqft

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Highlights

Estimated ValueNot available

Price/Sqft$1,473/sqft

Est. Mortgage$4,720/mo

Maintenance fees$603/mo

Tax Amount (2024)-

Days On Market33 days


Description

Step Into The Ultimate Urban Lifestyle With This Chic 2-Bedroom, 2-Bathroom Condo In The Heart Of Downtown Toronto. Just Steps From Nobu And The Bisha Hotel, This Sun-Soaked Unit Is Perfect For Those Who Love City Living And Value Effortless Convenience. The Experience Of Luxury And Elegance Begins The Moment You Step Into The Stunning Lobby. Enjoy Modern Finishes Such As Quartz Countertops, 9-Ft Ceilings, And A Spacious Open-Concept Layout. Everything You Need From Dining And Entertainment To Shopping And Transit Is Just Minutes Away. With Iconic Spots Like The Rogers Centre, CN Tower, TIFF Lightbox, And Union Station All Within Walking Distance Making This Property Perfect For Someone Who Values Both City Living & The Comfort Of A Thoughtfully Designed & Well Appointed Unit.


Property Details

StyleApartment
View-
Age of propertyNew
SqFt~700-799 SqFt
Lot Size-
Parking Spaces-
MLS ®NumberC10430114
Community NameEntertainment District
Data SourceTRREB
Listing bySLAVENS & ASSOCIATES REAL ESTATE INC.

Features

Heating: Forced Air
Cooling: Central Air

Flat Floor

Dining

3.05 x 3.96

Laminate / Open Concept / Combined W/Kitchen

Living

3.05 x 3.96

Laminate / Combined W/Dining / South View

Kitchen

2.90 x 3.43

Laminate / B/I Appliances / Open Concept

Prim Bdrm

2.57 x 3.38

Mirrored Closet / 4 Pc Ensuite / W/O To Balcony


Features

Patio: Open
Balcony: Open

14Story
Inclusions
Hydro
Water
Parking
Cable
Heat

Property listed by SLAVENS & ASSOCIATES REAL ESTATE INC., Brokerage

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Market Data - Entertainment District

Strong Buyer's Market

Condo - for the past 30 days

Buyer's market Seller's market

Avg. Days on Market

Past 30 days

43 days

Compared to

2023

37 days

2022

22 days

2021

23 days

New Listings

Past 30 days

398 listings

Compared to

2023

317 listings

2022

215 listings

2021

131 listings

Units sold

Past 30 days

45 units

Compared to

2023

59 units

2022

45 units

2021

120 units

Median Sold Price

Past 30 days

$660,000

Compared to

2023

$656,000

2022

$710,000

2021

$739,750


Population and Demographics

Overview

Total population 32132
Average household income $172,021

Age (%)

20 to 34
57%
35 to 49
22%
50 to 64
9%
0 to 19
7%
65 and plus
5%

Household composition (%)

Single person
57%
Single family
32%
Multi person
11%
Multi family
0%

Mother tongue (%)

English
63%
Mandarin
10%
Yue (Cantonese)
4%
Spanish
3%
French
3%
Russian
2%
Arabic
2%
Hindi
2%
Korean
1%
Iranian Persian
1%
Others
1%

House tenancy (%)

Renters
61%
Owners
39%

Schools and amenities

Estimated Budget