8 Mercer St 1712
Waterfront Communities C1, Downtown Toronto, M5V 0C4
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BEDROOMS1
BATHROOMS1
KITCHENS4 + 1
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Property Description
Few Years New 1 Bedroom + Den Unit In The Heart Of Toronto's Entertainment District 558 Sqft Of Luxury With 65 Sqft Balcony. Spacious Kitchen, Built-In Dining Area, European Style Full Height Cabinetry, Quartz Counters. Highly Sought After Location, Underground Path Access Across The Street, Financial District, Rogers Center,Quick Access To The Subway & Short Walk To Lake & Financial District.
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Extras
Fridge, Stove, B/I Dishwasher, Washer, Dryer, Microwave & Window Coverings. All Elfs. Excluded: Lights Fixtures At Kitchen, Den & Bedroom And Fireplace. Good For Investor Existing Aaa Tenant Just Renewed 1 Year Lease Until Apr 30, 2019
Property Features
Arts Centre, Clear View, Hospital, Public Transit
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Property Details
Street
Community
City
Property Type
Condo Apt, Apartment
Approximate Sq.Ft.
500-599
Taxes
$2,609 (2017)
Basement
None
Exterior
Concrete
Heat Included
Yes
Heat Type
Forced Air
Heat Source
Gas
Air Conditioning
Central Air
Parking 1
None
Garage Type
Undergrnd
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Room Summary
| Room | Level | Size | Features |
|---|---|---|---|
| Living | Flat | 16.40' x 13.09' | W/O To Balcony, North View, Open Concept |
| Dining | Flat | 16.40' x 13.09' | Breakfast Bar, Laminate, Combined W/Living |
| Kitchen | Flat | 16.40' x 13.09' | Open Concept, Modern Kitchen, Combined W/Dining |
| Master | Flat | 9.97' x 9.42' | Large Window, Laminate, Large Closet |
| Den | Flat | 7.15' x 6.66' | Open Concept, Laminate |
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Downtown Toronto Market Statistics
Downtown Toronto Price Trend
8 Mercer St 1712 is a 1-bedroom 1-bathroom condo listed for sale at $579,000, which is $24,376 (4.0%) lower than the average sold price of $603,376 in the last 30 days (March 25 - April 23). During the last 30 days the average sold price for a 1 bedroom condo in Downtown Toronto increased by $6,803 (1.1%) compared to the previous 30 day period (February 24 - March 24) and down $19,728 (3.2%) from the same time one year ago.Inventory Change
There were 1,599 1-bedroom condos listed in Downtown Toronto over the last 30 days (March 25 - April 23), which is up 19.3% compared with the previous 30 day period (February 24 - March 24) and up 59.1% compared with the same period last year.Sold Price Above/Below Asking ($)
1-bedroom condos in Downtown Toronto typically sold ($8,077) (1.3%) below asking price over the last 30 days (March 25 - April 23), which represents a $2,510 increase compared to the previous 30 day period (February 24 - March 24) and ($2,732) 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 (March 25 - April 23) stood at 43.1%, down from 44.4% over the previous 30 days (February 24 - March 24) and down from 73.1% 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 (March 25 - April 23), compared to 46 days before being removed from the market upon being suspended or terminated.Listing contracted with Landpower Real Estate Ltd., Brokerage
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