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208 - 225 Merton Street
For SaleThe Rio IIlEst Sell Timeframe 3 Days
$659,000
1 Bed + 1
1 Bath
1 Parking
651 SQFT
19 Days on Strata
Listing History
Unit Highlights
Property Type:
Condo
Cost Per Sqft:
$1,012/sqft
Maintenance Fees:
$785/mth
Taxes:
$2,272 (2023)
Locker:
Owned
Outdoor Space:
Balcony
Exposure:
North
Possession Date:
June 1, 2024
Buyer's Market
Balanced
Seller's Market
Maintenance Fees
Included
Hydro
Heat
Air Conditioning
Water
Parking
Building Maintenance
Excluded
None
Unit Details
- Air Conditioning
- Central Air
- Heat Source
- Gas
- Heating
- Forced Air
- Ensuite Laundry
- Yes
Room Dimensions
Living
Laminate, Combined with Dining, Walkout To Balcony
20.21 x 10.5ft
Dining
Laminate, Combined with Living, Open Concept
20.21 x 10.5ft
Kitchen
Stainless Steel Appliances, Breakfast Bar, Ceramic Floor
8.89 x 8.76ft
About this Listing
Attention Investors And First-time Buyers! Welcome to 225 Merton - Well Maintained, Boutique Style Condo! Ideal Location In Midtown. One Of The Best Streets In Davisville. Bright 1+1 Unit W/Large Balcony, Parking And Locker. The Kay Gardner Beltline Trail Is At Your Door Step For Peaceful Walks. Walking Distance To Yonge Street and Mount Pleasant With Excellent Restaurants And Shops. Davisville Subway Is Just Around The Corner!
ExtrasDen Can Be Used As A 2nd Bdrm. Fantastic Amenities Include Gym, Sauna, Party Room, Library, Bike Storage, 24/7 Concierge.
tfn realty inc.MLS® #C8238180
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
AVERAGEchance of receiving
Multiple Offers
Turnover of Units
On average, each unit is owned for
5.6
YEARS before being sold againProperty 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
| Studio | 1 Bed | 1 Bed + Den | 2 Bed | 2 Bed + Den | 3 Bed | |
|---|---|---|---|---|---|---|
| Price Range | No Data | $600,000 - $622,500 | $640,000 - $674,000 | $700,000 | No Data | No Data |
| Avg. Cost Per Sqft | No Data | $1,040 | $985 | $953 | No Data | No Data |
| Price Range | No Data | $2,500 | $2,500 - $3,100 | $2,750 - $3,100 | $4,000 | No Data |
| Avg. Wait for Unit Availability | No Data | 202 Days | 188 Days | 156 Days | 389 Days | No Data |
| Avg. Wait for Unit Availability | No Data | 204 Days | 251 Days | 572 Days | 3046 Days | No Data |
| Ratio of Units in Building | 1% | 33% | 19% | 39% | 8% | 2% |
Maintenance Fees
The Rio IIl vs The Mount Pleasant Area
