The Mercer
2Listings for Salefor Sale
7Listings for Rentfor Rent
8 Mercer St
The Mercer
8 Mercer Stexpand addresses list
    2Listings for Salefor Sale
    7Listings for Rentfor Rent
    Walk Score
    100
    Transit Score
    100
    Bike Score
    65
    © MapTiler © OpenStreetMap
    0
    CONDO Demand
    Average
    Unit Availability
    Above Average
    Property Type
    Condo
    Developer
    Beverhall Homes and Graywood Developments Ltd
    Condo Completion
    2015
    Property Management
    Del Property Management Inc.
    Unit Size Range
    349 - 1600 SQFT
    Number of Units
    412
    Number of Storeys
    34

    8 Mercer St, Toronto

    About this condo

    Condo Overview

    Rising above a podium at 8 Mercer St, this L-shaped condo balances contemporary design and comfort. The Mercer stands 34 storeys tall and is constructed of steel, glass, concrete, with stone accents. And what might be the most enticing aspect of this property is that it’s located in King West neighbourhood.

    Love buildings with extensive amenities? How does a 10,000 square foot terrace on the 6th floor sound? There you’ll find gardens, a lounge, a kitchen, and games room. To go with these relaxing extras, are more extras; gym, sauna, media room, party room, meeting room, concierge, security guard, and parking garage.

    As is often the case in King West, you wont get as much bang for your buck in terms of price per square foot, but there are affordable studio and 1 bedroom units. The Mercer is an ideal residence for young professionals, couples, and empty nesters — provided that they enjoy a fast paced neighbourhood.

    The Suites

    Units within The Mercer follow the trend set by the exterior, featuring contemporary design and executive finishes. Within these King West condos for sale you can expect to find wide plank hardwood floors, granite countertops, European style kitchens, 10 foot ceilings, floor to ceiling windows, and private balconies.

    Buyers have a lot of choice in this building with over 400 units in a variety of layouts and exposures; units are available in studio, 1 bedroom, 1 bedroom + den, 2 bedroom, 2 bedroom + den, and 3 bedroom floor plans. Suite sizes range from 363 square feet for a studio to 1133 for a penthouse suite on the upper floors.

    With a condo in this building, it’s practically mandatory that you entertain — and your guests will always feel welcome thanks available visitor parking.

    The Neighbourhood

    Move over Yorkville — here comes King West. It’s no surprise that this neighbourhood has become so popular with young professionals when you consider the sheer number of restaurants and pubs in the area, and the fact that the Entertainment District is just next door. For those who manage to land in this trendy neighbourhood — there’s no place they’d rather be.

    From 8 Mercers Street, you’re just steps from fantastic restaurants — literally. There’s Milagro across the street for Mexican food, turn the corner onto King and you have Aroma Fine Indian Cuisine, Maki My Way for Japanese, Fred's Not Here for surf and turf, King Street Social Kitchen & Bar for an eclectic menu — all within a 2 minute walk. Head west, and indecision might stop you in your tracks, as there are dozens of 5 star restaurants.

    Gone are the days of $20 parking and packed streetcars on game days, because sports fans can reach the Rogers Centre on foot in less than 10 minutes, and Scotiabank Arena in less than 20. After a thrilling victory — or devastating defeat — there are countless pubs and clubs awaiting you; C’est What?, The Loose Moose, The Porch, The Office Pub and Town Crier, to name a few.

    If sports and nightlife aren’t your thing, there’s Princess of Wales Theatre and Royal Alexandra Theatre for musicals and plays, or The Second City Toronto for stand-up comedy. You can do your best impression of a tourist and visit the CN Tower, Ripley’s Aquarium of Canada, and Harbourfront Centre. Those who are athletically inclined have an array of activities at lakeside parks in the area, or can go for a scenic jog on the Martin Goodman Trail.

    Transportation

    Dust off those walking shoes, because there’s no reason to ever run errands in a vehicle again — boasting a 100 Walk Score, 8 Mercer Street is as walkable as they come. Public transit riders also have an excellent location; there are east and westbound streetcars just around the corner on King, allowing for quick connections to St Andrew for subway service.

    Shocking as it may be, even car owners have a great starting point; drivers can reach the Gardiner Expressway in a hurry by heading south on Spadina for the nearest on-ramp.

    2

    Listings For Sale

    Interested in receiving new listings for sale?

    7

    Listings For Rent

    Interested in receiving new listings for rent?

    Amenities

    Visitor Parking
    Recreation Room
    Party/Meeting Room
    Security System
    Gym
    Guest Suites
    Concierge
    Rooftop Deck/Garden
    Media Room
    Sauna

    Maintenance Fees Cover

    Maintenance fees include

    Water

    Owner / renter pays separately

    Hydro
    Heat
    Air Conditioning

    Past Sold & Rented Listings

    Stats, Trends & Rankings

    Price Per Square Foot
    The Mercer vs The King West Area

    $87.00
    More Expensive
    per SQFT compared to the neighbourhood average
    The Mercer's Avg
    price per SQFT
    $1,112
    / SQFT
    Neighbourhood Avg
    price per SQFT
    $1,025
    / SQFT

    Building Trends At The Mercer

    Days on Market

    Units at The Mercer spend an average of
    22
    Days on Market
    based on recent sales

    List vs Selling Price

    On average, these condos sell for
    2%
    above
    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
    5.8
    YEARS before being sold again

    Property Value

    -3%
    Decrease in property value within the past twelve months

    Price Ranking

    14th
    Highest price per SQFT out of 91 condos in the King West area

    Sold Units

    33
    Units were Sold over the past twelve months

    Rented Units

    143
    Units were Rented over the past twelve months

    Best Value

    The Mercer offers the
    ?
    best value out of 91 condos in the King West neighbourhood

    Return on Investment

    The Mercer has the
    ?
    highest ROI out of 91 condos in the King West neighbourhood

    Rental Yield

    The Mercer yields the
    ?
    highest rent prices out of 91 condos in the King West neighbourhood

    High Demand

    The Mercer is the
    ?
    most popular building out of 91 condos in the King West neighbourhood

    Sales vs Rental Values For This Condo

    Studio361 - 564 SQFT
    Average Cost Per Sqft$1,099
    Sales Price Range$483,000 - $529,000
    Rental Price Range$1,300 - $1,800
    1 Bed490 - 773 SQFT
    Average Cost Per Sqft$1,074
    Sales Price Range$520,000 - $636,800
    Rental Price Range$1,400 - $2,500
    1 Bed + Den525 - 788 SQFT
    Average Cost Per Sqft$1,112
    Sales Price Range$590,000 - $685,000
    Rental Price Range$1,600 - $2,600
    2 Bed723 - 912 SQFT
    Average Cost Per Sqft$1,114
    Sales Price Range$875,000 - $885,000
    Rental Price Range$1,200 - $3,450
    2 Bed + Den808 - 1099 SQFT
    Average Cost Per Sqft$1,036
    Sales Price Range$840,000 - $995,000
    Rental Price Range$2,600 - $4,075
    3 Bed912 - 1099 SQFT
    Average Cost Per Sqft$1,094
    Sales Price Range$985,000 - $985,000
    Rental Price Range$3,000 - $4,400

    How Often Are Units Listed?

    Studio361 - 564 SQFT
    Average Sales Availability
    Every72Days
    Average Rental Availability
    Every15Days
    Ratio of Unit Type in Building18%
    1 Bed490 - 773 SQFT
    Average Sales Availability
    Every48Days
    Average Rental Availability
    Every17Days
    Ratio of Unit Type in Building19%
    1 Bed + Den525 - 788 SQFT
    Average Sales Availability
    Every31Days
    Average Rental Availability
    Every9Days
    Ratio of Unit Type in Building36%
    2 Bed723 - 912 SQFT
    Average Sales Availability
    Every74Days
    Average Rental Availability
    Every21Days
    Ratio of Unit Type in Building16%
    2 Bed + Den774 - 1099 SQFT
    Average Sales Availability
    Every169Days
    Average Rental Availability
    Every59Days
    Ratio of Unit Type in Building6%
    3 Bed912 - 1200 SQFT
    Average Sales Availability
    Every144Days
    Average Rental Availability
    Every61Days
    Ratio of Unit Type in Building7%

    Maintenance Fees
    The Mercer vs The King West Area

    $0.16
    Less Expensive
    per SQFT compared to the neighbourhood average
    The Mercer's Avg
    monthly maintenance
    fee per SQFT
    $0.56
    / SQFT
    Neighbourhood Avg
    monthly maintenance
    fee price per SQFT
    $0.72
    / SQFT

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