The Rio III Condos
0Listings for Salefor Sale
0Listings for Rentfor Rent
195 Merton St
The Rio III Condos
195 Merton Stexpand addresses list
    0Listings for Salefor Sale
    0Listings for Rentfor Rent
    Walk Score
    83
    Transit Score
    83
    Bike Score
    56
    © MapTiler © OpenStreetMap
    0
    CONDO Demand
    high
    Unit Availability
    low
    Property Type
    Condo
    Developer
    Heather Downs Developments Inc.
    Condo Completion
    2004
    Property Management
    Goldview Property Management Ltd
    Unit Size Range
    400 - 1400 SQFT
    Number of Units
    124
    Number of Storeys
    12

    195 Merton St, Toronto

    About this condo

    Condo Overview

    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 II.

    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.

    0

    Listings For Sale

    Interested in receiving new listings for sale?

    0

    Listings For Rent

    Interested in receiving new listings for rent?

    Amenities

    Visitor Parking
    Recreation Room
    Party/Meeting Room
    Games Room
    Underground Parking
    Security System
    Gym
    Concierge
    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 Rio III Condos vs The Mount Pleasant Area

    $84.00
    More Expensive
    per SQFT compared to the neighbourhood average
    The Rio III Condos's Avg
    price per SQFT
    $1,000
    / SQFT
    Neighbourhood Avg
    price per SQFT
    $916
    / SQFT

    Building Trends At The Rio III Condos

    Days on Market

    Units at The Rio III Condos spend an average of
    10
    Days on Market
    based on recent sales

    List vs Selling Price

    On average, these condos sell for
    3%
    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
    5.7
    YEARS before being sold again

    Property Value

    2%
    Increase in property value within the past twelve months

    Price Ranking

    7th
    Highest price per SQFT out of 41 condos in the Mount Pleasant area

    Sold Units

    7
    Units were Sold over the past twelve months

    Rented Units

    5
    Units were Rented over the past twelve months

    Best Value

    The Rio III Condos offers the
    ?
    best value out of 41 condos in the Mount Pleasant neighbourhood

    Return on Investment

    The Rio III Condos has the
    ?
    highest ROI out of 41 condos in the Mount Pleasant neighbourhood

    Rental Yield

    The Rio III Condos yields the
    ?
    highest rent prices out of 41 condos in the Mount Pleasant neighbourhood

    High Demand

    The Rio III Condos is the
    ?
    most popular building out of 41 condos in the Mount Pleasant neighbourhood

    Sales vs Rental Values For This Condo

    1 Bed568 - 590 SQFT
    Average Cost Per Sqft$928
    Sales Price Range$655,000 - $655,000
    Rental Price Range$1,800 - $1,800
    1 Bed + Den646 - 667 SQFT
    Average Cost Per Sqft$981
    Sales Price Range$654,000 - $654,000
    Rental Price Range$2,100 - $2,200
    2 Bed774 - 1266 SQFT
    Average Cost Per Sqft$944
    Sales Price Range$780,000 - $1,250,000
    Rental Price Range$2,300 - $2,550
    2 Bed + Den1400 - 1400 SQFT
    Average Cost Per Sqft$1,070
    Sales Price Range$1,550,000 - $1,550,000
    Rental Price Range
    N/A

    How Often Are Units Listed?

    Studio
    Average Sales Availability
    N/A
    Average Rental Availability
    N/A
    Ratio of Unit Type in Building3%
    1 Bed549 - 662 SQFT
    Average Sales Availability
    Every203Days
    Average Rental Availability
    Every429Days
    Ratio of Unit Type in Building28%
    1 Bed + Den595 - 668 SQFT
    Average Sales Availability
    Every179Days
    Average Rental Availability
    Every433Days
    Ratio of Unit Type in Building26%
    2 Bed749 - 1309 SQFT
    Average Sales Availability
    Every156Days
    Average Rental Availability
    Every337Days
    Ratio of Unit Type in Building39%
    2 Bed + Den1400 - 1400 SQFT
    Average Sales Availability
    Every1587Days
    Average Rental Availability
    N/A
    Ratio of Unit Type in Building3%
    3 Bed1134 - 1386 SQFT
    Average Sales Availability
    Every2368Days
    Average Rental Availability
    N/A
    Ratio of Unit Type in Building4%

    Maintenance Fees
    The Rio III Condos vs The Mount Pleasant Area

    $0.14
    More Expensive
    per SQFT compared to the neighbourhood average
    The Rio III Condos's Avg
    monthly maintenance
    fee per SQFT
    $0.93
    / SQFT
    Neighbourhood Avg
    monthly maintenance
    fee price per SQFT
    $0.79
    / SQFT

    Similar condos