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For RentThe MercerEst Lease Timeframe 22 Days
$2,200/mth
Price Cut: $2,500
1 Bed
1 Bath
0 Parking
500 - 599 SQFT
52 Days on Strata
Listing History
Unit Highlights
Property Type:
Condo
Utilities Included:
No
Outdoor Space:
Balcony
Furnished:
No
Exposure:
South East
Locker:
None
Possession Date:
February 26, 2024
Lease Term:
1 Year
Renter's Market
Balanced
Landlord's Market
Utilities Included
Rent Includes
Heat
Air Conditioning
Water
Building Maintenance
Building Insurance
Excluded
Hydro
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
12.99 x 13.48ft
Dining
Laminate, Combined with Living, Open Concept
12.99 x 13.48ft
Kitchen
Laminate, Custom Backsplash, Built-in Appliances
11.81 x 9.19ft
About this Listing
Fresh Paint 1 Bedroom In The Heart Of Toronto Downtown Entertainment/Fashion/Financial Distract On King&John, Boutique Lifestyle W/Contemporary Architecture, Created W/Gracious Living In Mind, Amazing View, Walking Distance To Uft, Ryerson University, Subway, Street Car, Ttc Bus, Rogers Centre Roy Thompson Hall, Cn Tower, Excellent Restaurants. 10,000 Sq Ft Amenities Including Sauna, Spa, Fitness Center With Hot Tub, Party And Screening Room, Visitor Parking
ExtrasEuropean Style Kitchen, 5 Top Of The Line Appl, Fridge, Stove, Dishwasher, Washer & Dryer. Tenants Pay Hydro& Tenants Insurance. No Pets And Non Smoker.
right at home realtyMLS® #C8143260
Amenities
Media Room
Rec Room
Sauna
Party Room
Guest Suites
Concierge
Nearby Amenities
10/10
Walkability
Congratulations, you're the mayor of Walksville! Everything's at your doorstep.
10/10
Transit
Meet the heartbeat of the city — transit so smooth, you’ll never miss a beat.
6/10
Bikeability
The bike lane starts to feel like a second home.
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%
Price Trends
Building Trends At The Mercer
Days on Strata
Units at The Mercer spend an average of
30
Days on Strata
based on recent sales
List vs Selling Price
On average, these condos sell for
2%
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
6.7
YEARS before being sold againProperty Value
-2%
Decrease in property value within the past twelve months
Price Ranking
20th
Highest price per SQFT out of 98 condos in the King West area
Sold Units
15
Units were Sold over the past twelve months
Rented Units
80
Units were Rented over the past twelve months
Best Value Rank
The Mercer offers the best value out of 98 condos in the King West neighbourhood
?
Appreciation Rank
The Mercer has the highest ROI out of 98 condos in the King West neighbourhood
?
Rental Yield
The Mercer yields the highest rent prices out of 98 condos in the King West neighbourhood
?
High Demand
The Mercer is the most popular building out of 98 condos in the King West neighbourhood
?
Transaction Insights at 8 Mercer Street
| Studio | 1 Bed | 1 Bed + Den | 2 Bed | 2 Bed + Den | 3 Bed | |
|---|---|---|---|---|---|---|
| Price Range | $385,000 - $495,000 | $520,000 - $629,000 | $595,000 - $637,000 | $932,888 | $950,000 | $1,140,000 |
| Avg. Cost Per Sqft | $1,054 | $1,127 | $1,095 | $1,222 | $1,053 | $1,190 |
| Price Range | $2,050 - $2,350 | $2,150 - $2,700 | $2,300 - $3,150 | $2,800 - $3,900 | $3,500 - $3,900 | $4,000 - $4,200 |
| Avg. Wait for Unit Availability | 88 Days | 61 Days | 35 Days | 91 Days | 170 Days | 161 Days |
| Avg. Wait for Unit Availability | 17 Days | 18 Days | 10 Days | 24 Days | 56 Days | 61 Days |
| Ratio of Units in Building | 18% | 19% | 35% | 15% | 7% | 8% |
Maintenance Fees
The Mercer vs The King West Area
