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8 Mercer St 1904, Downtown Toronto
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1
BEDROOMS
1
BATHROOMS
1
KITCHENS
4
ROOMS
C3671358
MLSID
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Property Description
The Mercer Condo. Modern, Stylish Downtown Living At It's Best. This Gorgeous & Bright Unit Features 9 Ft Smooth Ceilings, Brand New High Quality Light Colored Laminate Floors Throughout (2016), Sleek Miele Built-In Appliances, Modern Finishes, Huge Open Balcony With Sweeping City Views & More. Located In The Heart Of The Downtown & Walking Distance To Subway, Underground Path Network, Tiff Bell Light Box & Min's Drive To The Gardiner. Don't Miss Out!
Listing History
List Date End Date Days Listed List Price Sold Price Status
2023-08-03 2023-08-08 5 $2,600 $2,600 Leased
2022-07-27 2022-07-29 2 $2,500 $2,500 Leased
2021-12-01 2021-12-12 11 $2,200 $2,200 Leased
2021-06-30 2021-07-19 20 $2,100 $2,100 Leased
Extras
Miele B/I Fridge, Miele B/I Stove, Miele B/I Dishwasher, B/I Oven, S/S B/I Microwave & Range, Stacked Washer & Dryer, All Elfs, Custom Window Blinds. Amenities Incl: Sauna/Hot-Tub, Large & Modern Gym W/ Yoga Studio, Party Room, Bbq Terrace.
Property Details
Street
Property Type
Condo Apt, Apartment
Approximate Sq.Ft.
500-599
Taxes
$2,502 (2015)
Basement
None
Exterior
Concrete
Heat Included
Yes
Heat Type
Forced Air
Heat Source
Gas
Air Conditioning
Central Air
Parking 1
None
Garage Type
Undergrnd
Room Summary
RoomLevelSizeFeatures
LivingFlat13.06' x 13.62'Combined W/Dining, Laminate, Large Window
DiningFlat13.06' x 13.62'Combined W/Living, Laminate, W/O To Balcony
MasterFlat8.69' x 9.19'Large Closet, Sliding Doors, Laminate
Downtown Toronto Market Statistics
Downtown Toronto Price Trend
8 Mercer St 1904 is a 1-bedroom 1-bathroom condo listed for sale at $407,900, which is $193,519 (32.2%) lower than the average sold price of $601,419 in the last 30 days (February 28 - March 28). During the last 30 days the average sold price for a 1 bedroom condo in Downtown Toronto increased by $4,160 (0.7%) compared to the previous 30 day period (January 29 - February 27) and down $13,480 (2.2%) from the same time one year ago.
Inventory Change
There were 1,430 1-bedroom condos listed in Downtown Toronto over the last 30 days (February 28 - March 28), which is up 23.7% compared with the previous 30 day period (January 29 - February 27) and up 31.1% compared with the same period last year.
Sold Price Above/Below Asking ($)
1-bedroom condos in Downtown Toronto typically sold ($10,838) (1.8%) below asking price over the last 30 days (February 28 - March 28), which represents a $600 decrease compared to the previous 30 day period (January 29 - February 27) and ($7,678) less than the same period last year.
Sales to New Listings Ratio
Sold-to-New-Listings ration (SNLR) is a metric that represents the percentage of sold listings to new listings over a given period. The value below 40% is considered Buyer's market whereas above 60% is viewed as Seller's market. SNLR for 1-bedroom condos in Downtown Toronto over the last 30 days (February 28 - March 28) stood at 45.3%, down from 48.7% over the previous 30 days (January 29 - February 27) and down from 65.0% one year ago.
Average Days on Market when Sold vs Delisted
An average time on the market for a 1-bedroom 1-bathroom condo in Downtown Toronto stood at 26 days when successfully sold over the last 30 days (February 28 - March 28), compared to 47 days before being removed from the market upon being suspended or terminated.
Listing contracted with Homelife Superstars Real Estate Limited, Brokerage
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