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    1. 225 Merton St, unit 1002 for sale - image #1
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    1002 - 225 Merton Street

    Mount Pleasant, Midtown, Toronto
    For SaleThe Rio IIl
    $645,000
    1 Bed
    1 Bath
    1 Parking
    615 SQFT
    23 Days on Strata
    Est Sell Timeframe
    3 Days

    Listing History

    Unit Highlights

    Property Type:
    Condo
    Cost Per Sqft:
    $1,049/sqft
    Maintenance Fees:
    $741/mth
    Taxes:
    $2,425 (2023)
    Locker:
    Owned
    Outdoor Space:
    Balcony
    Exposure:
    North
    Possession Date:
    Immediately
    Buyer's Market
    Balanced
    Seller's Market

    Maintenance Fees

    Included
    Hydro
    Heat
    Air Conditioning
    Water
    Parking
    Building Maintenance
    Building Insurance
    Excluded
    None

    Unit Details

    Air Conditioning
    Central Air
    Heat Source
    Gas
    Heating
    Forced Air
    Ensuite Laundry
    Yes

    Room Dimensions

    Kitchen
    Open Concept, Stainless Steel Appliances
    7.38 x 7.97ft
    Dining
    Combined with Living
    19.36 x 10.34ft
    Living
    Combined with Dining, Walkout To Balcony
    9.84 x 10.34ft

    About this Listing

    Welcome to The Rio! A Boutique Building In The Heart of Midtown Toronto. This Beautiful 1 Bedroom Unit Boasts Incredible Unobstructed Views. The Northern Exposure Allows Natural Light To Fill The Open-Concept Living/Dining Room All Day Long! Kitchen with peninsula, 4-Piece Bathroom, In Suite Washer & Dryer And A Spacious Primary Bedroom With A Large Closet. This Is The Perfect Unit For A First-Time Home Buyer Or Condo Downsizer! Includes Parking & Locker. Close To Some Midtown's Best Shopping & Dining. Steps To Davisville TTC Station & The Kay Gardiner Beltline Trail!

    ExtrasA Very Well Run Building For Over 20 Years. Monthly Maintenance Fees Include All Utilities! Parking & Locker Included. Excellent Amenities Include Gym, Sauna, Party Room, Library, Bike Storage, Visitor Parking, 24/7 Concierge.

    re/max west realty inc.MLS® #C8230980

    Amenities

    Bike Storage
    Rec Room
    Indoor Parking
    Sauna
    Party Room
    Concierge

    Nearby Amenities

    8/10
    Walkability
    You’re in stride with amenities—most of your needs are just a playlist away.
    8/10
    Transit
    Transit's there for you, like a loyal golden retriever.
    5/10
    Bikeability
    You'll have a love-hate relationship with your gears. Mostly hate.

    Demographics

    Based on the dissemination area as defined by Statistics Canada. A dissemination area contains, on average, approximately 200 – 400 households.

    Population
    15,396
    Average Individual Income
    $62,966
    Average Household Size
    3 persons
    Average Age
    45
    Average Household Income
    $112,148
    Dominant Housing Type
    Detached
    Population By Age
    Household Income
    Housing Types & Tenancy
    Detached
    52%
    Semi Detached
    21%
    Low Rise Apartment
    11%
    High Rise Apartment
    8%
    Duplex
    6%
    Marital Status
    Commute
    Languages (Primary Language)
    English
    53%
    Cantonese
    16%
    Mandarin
    15%
    Other
    11%
    Tamil
    3%
    Tagalog
    1%
    Spanish
    1%
    Education
    University and Above
    32%
    High School
    26%
    None
    17%
    College
    16%
    Apprenticeship
    3%
    University Below Batchelor
    3%
    Major Field of Study
    Business Management
    25%
    Architecture & Engineering
    18%
    Health & Related Fields
    12%
    Social Sciences
    11%
    Math & Computer Sciences
    7%
    Humanities
    5%
    Physical Sciences
    5%
    Education
    4%
    Visual & Performing Arts
    3%
    Personal, Protective & Transportation Services
    2%
    Agriculture & Natural Resources
    1%

    Price Trends

    Building Trends At The Rio IIl

    Days on Strata

    Units at The Rio IIl spend an average of
    20
    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 an
    AVERAGE
    chance of receiving
    Multiple Offers

    Turnover of Units

    On average, each unit is owned for
    5.6
    YEARS before being sold again

    Property Value

    -4%
    Decrease in property value within the past twelve months

    Price Ranking

    16th
    Highest price per SQFT out of 53 condos in the Mount Pleasant area

    Sold Units

    5
    Units were Sold over the past twelve months

    Rented Units

    8
    Units were Rented over the past twelve months

    Best Value Rank

    The Rio IIl offers the
    ?
    best value out of 53 condos in the Mount Pleasant neighbourhood

    Appreciation Rank

    The Rio IIl has the
    ?
    highest ROI out of 53 condos in the Mount Pleasant neighbourhood

    Rental Yield

    The Rio IIl yields the
    ?
    highest rent prices out of 53 condos in the Mount Pleasant neighbourhood

    High Demand

    The Rio IIl is the
    ?
    most popular building out of 53 condos in the Mount Pleasant neighbourhood

    Transaction Insights at 225 Merton Street

    Studio1 Bed1 Bed + Den2 Bed2 Bed + Den3 Bed
    Price RangeNo Data$600,000 - $622,500$640,000 - $674,000$700,000No DataNo Data
    Avg. Cost Per SqftNo Data$1,040$985$953No DataNo Data
    Avg. Wait for Unit AvailabilityNo Data202 Days188 Days156 Days389 DaysNo Data
    Ratio of Units in Building1%33%19%39%8%2%

    Maintenance Fees

    The Rio IIl vs The Mount Pleasant Area

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