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    The Rio

    35 Merton Street

    0for Sale
    0for Rent
    © OpenStreetMap
    map of location

    Building Details

    Property Type:
    Condo
    Number of Storeys:
    15
    Number of Units:
    112
    Condo Completion:
    2000
    Condo Demand:
    High
    Unit Size Range:
    550 - 2,100 SQFT
    Unit Availability:
    Low

    Listing History for The Rio

    Amenities

    Sauna
    Party Room
    Rec Room
    Security System
    Bike Storage
    Concierge

    Maintenance Fees

    Included
    None
    Excluded
    Hydro
    Heat
    Air Conditioning
    Water

    About 35 Merton StreetThe Rio

    Translating to river, Rio is a fitting name for the Conservatory Group’s vibrant condos on Merton Street, in the Mount Pleasant neighbourhood of midtown Toronto. At 35 Merton Street, the Rio I Condos comprise the tallest of this development. However, the building reaches only to 15 storeys, as these were designed to integrate well into the relaxed atmosphere of the neighbourhood: the The Rio IIl and The Rio IV Condos both stand 12 storeys tall.

    Completed in 2000, E.I Richmond Architects’ design for 35 Merton boasts a refined postmodern style. While the builders cast the concrete exterior with modern sophistication in mind, what makes the Rio I Condos postmodern is how the plethora of windows and deep balconies central facing out towards Merton are all arranged in timeless, classical proportions.

    As architecturally distinguished as they are, 35 Merton’s spectacular amenities are yet another element that attracts many prospective buyers: residents can exercise in the building’s exclusive fitness facilities, followed by a sumptuous relaxation session in the sauna or Jacuzzi.

    Moreover, 35 Merton’s secluded garden becomes another oasis for its residents to take advantage of — and many may also consider the condos’ common library similarly. Conversely, for those who want to host friends and family, there are also rooms appointed for parties and business meetings, as well as ample parking for visitors.

    Finally, when the Rio I Condos’ residents come home to their sophisticated building, they’re welcomed by a suitably stylish lobby. Elegantly appointed, the lobby exudes a warm ambience, especially considering the 24-hour concierge service.

    The Suites

    Luckily for the many prospective buyers eyeing Toronto condos for sale in this neighbourhood, the building contains 112 suites, which range in size from approximately 600 to 1,350 square feet. This includes one- and two-bedroom layouts, many of which boast access to private balconies that overlook Mount Pleasant’s treetops. Residents living in units that face south, on the other hand, can take in the beauty of the city’s skyline on a daily basis.

    Inside, the living spaces at 35 Merton’s suites are carefully designed and filled with light courtesy of their many large windows. Even though many residents have proudly customized their homes over the years, their ambience warmly welcomes the varying tastes of any incoming homeowner.

    The Neighbourhood

    Being surrounded by such an abundance of green space means residents can easily enjoy an active, yet equally urban lifestyle. The tall trees behind the building are part of the Kay Gardner Beltline Trail, which leads to the grassy fields of Oriole Park — a short walk west. Adventurous types will love hearing that this trail is also part of a vast network of paths that lead deep into the Don Valley towards the east.

    When making a day of exploring these trails, residents can pick up some food at the Sobeys Urban Fresh around the corner on Balliol Street, or one of the many restaurants along Yonge at the west end of Merton. Explorers will eventually be lead to the Evergreen Brickworks, a cultural centre bringing new life to the Don Valley’s former quarry.

    Transportation

    The Beltline isn’t the only line nearby — the subway’s Yonge-University-Spadina line is around the corner as well, with Davisville being the closest station. Convenient for residents of the Rio I Condos who prefer public transit, Davisville Station is accessible at street level on the south west corner of Yonge and Chaplin Crescent.

    Additionally, those who usually drive can do so with ease, whether in their neighbourhood or beyond. The traffic in midtown tends to move well, meaning drivers can head up Yonge directly to the Highway 401 in no time.

    Alternatively, drivers can also easily access the Don Valley Parkway: at the east end of Merton, Bayview Avenue leads south down into the Don Valley toward the DVP, with the entire trip often taking less than ten minutes.

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    Nearby Amenities

    9/10
    Walkability
    One small step for you. One giant leap towards never needing a gym membership.
    8/10
    Transit
    So frequent, you might accidentally start collecting tickets.
    4/10
    Bikeability
    A perfect balance of challenge and 'Hey, I didn’t know there was a bike shop here!'

    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%

    Days on Strata

    Units at The Rio spend an average of
    10
    Days on Strata
    based on recent sales

    List vs Selling Price

    On average, these condos sell for
    3%
    below
    the list price.

    Offer Competition

    Condos in this building have a
    LOW
    chance of receiving
    Multiple Offers

    Turnover of Units

    On average, each unit is owned for
    7.8
    YEARS before being sold again

    Property Value

    6%
    Increase in property value within the past twelve months

    Price Ranking

    13th
    Highest price per SQFT out of 53 condos in the Mount Pleasant area

    Sold Units

    3
    Units were Sold over the past twelve months

    Rented Units

    4
    Units were Rented over the past twelve months

    Best Value Rank

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

    Appreciation Rank

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

    Rental Yield

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

    High Demand

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

    Transaction Insights at 35 Merton Street

    Studio1 Bed2 Bed2 Bed + Den3 Bed
    Price RangeNo DataNo Data$780,000 - $1,170,000$1,349,900No Data
    Avg. Cost Per SqftNo DataNo Data$989$1,061No Data
    Avg. Wait for Unit AvailabilityNo Data241 Days88 Days1106 Days1196 Days
    Ratio of Units in Building3%19%67%8%5%

    Maintenance Fees

    The Rio vs The Mount Pleasant Area

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