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    501 - 8 Mercer Street

    For SaleThe Mercer
    $595,000
    1 Bed + 1
    1 Bath
    0 Parking
    567 SQFT
    51 Days on Strata
    Est Sell Timeframe
    16 Days

    Listing History

    Unit Highlights

    Property Type:
    Condo
    Cost Per Sqft:
    $1,049/sqft
    Maintenance Fees:
    $368/mth
    Taxes:
    $2,812 (2023)
    Locker:
    Owned
    Outdoor Space:
    Balcony
    Exposure:
    North
    Possession Date:
    Immediately/TBA
    Buyer's Market
    Balanced
    Seller's Market

    Maintenance Fees

    Included
    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
    Open Concept, Combined with Dining, Walkout To Balcony
    16.41 x 13.09ft
    Dining
    Combined with Living, Combined with Living, Laminate
    16.41 x 13.09ft
    Kitchen
    Built-in Appliances, Centre Island, Backsplash
    16.41 x 13.09ft

    About this Listing

    **"The Mercer" 1 Bedroom + Den Unit In Toronto's Entertainment District** A luxurious 567 Sq Ft + 68 Sq Ft Open Balcony To Enjoy**Open Concept Layout With Contemporary Design & Finishes**Kitchen Features European Style Cabinets, Integrated Appliances, Quartz Counters & Centre Island** Living/Dining Walk Out To Balcony**Excellent & Extensive Amenities Incl: 2nd Floor Sauna/Spa, Fitness Centre With Hot Tub, Yoga Studio, Party Rm, Screening Rm**10,000 Sq Ft 6th Floor Terrace With Private Lounges, BBQs, Kitchen/Dining Area & Reflective Pool**Heart Of Entertainment District & Close To Financial, Fashion District, Restaurants**TTC At The Door Step**Across The Street To P.A.T.H. Underground Concourse & St. Andrew Subway**please note photos attached are virtually staged

    ExtrasB/I Fridge, B/I Cook Top, B/I Oven, Range Hood, Microwave, Washer & Dryer, Existing Window Coverings & Existing Light Fixtures.

    landpower real estate ltd.MLS® #C8145390


    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%

    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
    AVERAGE
    chance of receiving
    Multiple Offers

    Turnover of Units

    On average, each unit is owned for
    6.7
    YEARS before being sold again

    Property 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

    Studio1 Bed1 Bed + Den2 Bed2 Bed + Den3 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
    Avg. Wait for Unit Availability88 Days61 Days35 Days91 Days170 Days161 Days
    Ratio of Units in Building18%19%35%15%7%8%

    Maintenance Fees

    The Mercer vs The King West Area

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