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    The Rio IV Condos

    195 Merton Street

    0for Sale
    0for Rent
    © OpenStreetMap
    map of location

    Building Details

    Property Type:
    Condo
    Number of Storeys:
    12
    Number of Units:
    124
    Condo Completion:
    2004
    Condo Demand:
    High
    Unit Size Range:
    400 - 1,400 SQFT
    Unit Availability:
    Low

    Listing History for The Rio IV Condos

    Amenities

    Security System
    Party Room
    Concierge
    Sauna
    Indoor Parking
    Gym Room

    Maintenance Fees

    Included
    None
    Excluded
    Hydro
    Heat
    Air Conditioning
    Water

    About 195 Merton StreetThe Rio IV Condos

    Catering to the many prospective homeowners attracted to midtown’s Mount Pleasant neighbourhood, the Conservatory Group’s Rio III Condos are a popular fixture at 195 Merton Street. Developed to bring sought-after luxury residences to this well-established neighbourhood, plenty of of careful consideration went into the execution of the Rio 3 Condos. As the name suggests, this property is the third phase of this development, and follows The Rio and The Rio IIl.

    The Conservatory Group called upon the experienced E.I. Richmond Architects to design 195 Merton. E.I. Richmond’s commitment to designing structures that fit fluidly into their environment served the site well, as their design for the building showcases a unique combination of different aesthetics.

    Completed in 2003, 195 Merton consists of a wide, 5-storey podium with a 12-storey tower rising above. The exterior concrete has been cast with modern details, elegantly complementing the condos’ gleaming windows and glass-walled balconies. Everything is arranged according to time-tested, classical proportions: onlooking eyes are lead towards the centre, where the design culminates in a chic glass awning situated above the building entrance.

    After entering the building through this awning, residents will be happy to find the building's lobby staffed by a 24-hour concierge service. The space has also been refurbished by JCO & Associates, an indication of the pride those living here have for their homes.

    Residents are also proud for another reason beyond the brilliant architecture and neighbourhood charm: homeowners living at 195 Merton have access to some great amenities as well. This includes a well-equipped exercise room, a sauna, a meeting room, a billiards room, and a spacious party room facing south towards the lush natural landscapes of the Kay Gardner Beltline.

    The Suites

    Residents also have reason to be proud of their individual suites. Homes at the Rio 3 Condos boast bright and fresh atmospheres, courtesy of floor-to-ceiling windows. It’s no surprise many residents have customized their suites, either, taking advantage of how natural light adds warmth to many different aesthetics in the process.

    Fortunately for those interested in the Rio 3 Condos,Toronto condos for sale in the building appear on the market from time to time, as the property contains an ample 124 suites. Ranging in size from approximately 600 to 1,300 square feet, the suites consist of one-bedroom, one-bedroom plus den, as well as two-bedroom floor plans. Moreover, many suites boast access to a private patio, terrace or even multiple balconies.

    The Neighbourhood

    Formerly an industrial road, Merton Street has completely changed since those days. The only sign of an industrial history may be the fact that Merton is so wide — otherwise the street is quaint and quiet. The street is also lined with some gorgeous gardens and mature trees.

    Moreover, 195 Merton backs right onto the Kay Gardner Beltline, whose recreational trail provides a pleasant pathway to the vast fields of Oriole Park, a little west on Yonge Street and just at the end of the block.

    While Oriole Park is quite popular with families, as it contains the Nashama Playground designed with considerable accessibility features, many of the Rio III Condos residents may want to venture further west on the Beltline Trail. Doing so will land explorers at the Water Saunders Park Memorial Park, a little before Dufferin Street. This long walk will be worth it, as it leads near the Little Jamaica neighbourhood on Eglinton Avenue West.

    Transportation

    Of course, the lengthy Beltline Trail — also leading deep into the Don Valley — makes up just a small part of the well-developed infrastructure in midtown Toronto. Drivers find traffic often moves exceptionally well in the area, and when it does decide to cooperate, residents can access the highway in less than ten minutes. To do so, drivers need only head south on Bayview Avenue, the next major street east of the Rio 3 Condos after Mount Pleasant Road. Bayview carves into the valley (like the Beltline but for cars), taking drivers directly to an on-ramp for the Don Valley Parkway.

    For those residents who prefer traveling by way of public transit, the closest TTC Station, Davisville, is just around the corner at Yonge and Chaplin Crescent. Passengers can hop onto a train from Davisville in order to head north or south along the Yonge-University-Spadina subway line.

    Alternatively, residents can also hop onto the 74 bus, which travels along nearby Mount Pleasant and happens to stop right at Merton. When heading south, the 74 takes riders to St. Clair Station, on the same subway line as Davisville but just one stop south.

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    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%

    Days on Strata

    Units at The Rio IV Condos spend an average of
    9
    Days on Strata
    based on recent sales

    List vs Selling Price

    On average, these condos sell for
    1%
    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
    6.3
    YEARS before being sold again

    Property Value

    -4%
    Decrease in property value within the past twelve months

    Price Ranking

    11th
    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

    5
    Units were Rented over the past twelve months

    Best Value Rank

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

    Appreciation Rank

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

    Rental Yield

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

    High Demand

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

    Transaction Insights at 195 Merton Street

    Studio1 Bed1 Bed + Den2 Bed2 Bed + Den3 Bed
    Price RangeNo DataNo DataNo Data$772,500 - $1,400,000No DataNo Data
    Avg. Cost Per SqftNo DataNo DataNo Data$1,026No DataNo Data
    Avg. Wait for Unit AvailabilityNo Data197 Days203 Days149 Days1114 DaysNo Data
    Ratio of Units in Building3%28%25%41%3%4%

    Maintenance Fees

    The Rio IV Condos vs The Mount Pleasant Area

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