Skip to main

    220 - 225 Merton St

    For SaleThe Rio IIl
    $999,999
    2 Beds
    2 Bath
    1 Parking
    1,193 SQFT
    134 Days on Strata
    Est Sell Timeframe
    12 Days

    Listing History

    Unit Highlights

    Property Type:
    Condo
    Maintenance Fees:
    $1,408/mth
    Taxes:
    $4,324 (2023)
    Cost Per Sqft:
    $838/sqft
    Locker:
    Owned
    Outdoor Space:
    Balcony
    Exposure:
    South West
    Possession Date:
    To Be Determined
    Laundry:
    Ensuite
    Buyer's Market
    Balanced
    Seller's Market

    Maintenance Fees

    Included
    Hydro
    Heat
    Air Conditioning
    Water
    Parking
    Building Maintenance
    Building Insurance
    Excluded
    None

    Utility Type

    Air Conditioning
    Central Air
    Heat Source
    Gas
    Heating
    Forced Air

    Room Dimensions

    Foyer
    4 Piece Bath, Large Closet, Combined with Laundry
    7.91 x 6.4ft
    Kitchen
    Breakfast Area, Pantry, Built-in Appliances
    8.17 x 17.49ft
    Bedroomeakfast
    Tile Floor, Large Window, Combined with Kitchen
    10.5 x 10.99ft

    About this Listing

    Located in Merton Street's esteemed Rio 3 building and overlooking the scenic Kay Gardner Beltline Trail, this jewel of a condominium is the epitome of prime Midtown Toronto living, close to both Yorkville and Summerhill. The rare corner unit, a split 2-bedroom, 2-bath residence, sprawling across an impressive 1,193 square feet, is one of the largest in the building and boasts a well-designed floor plan that includes a spacious L-shaped living and dining room with extra wide plank floors and is perfect for entertaining. Its large, well-designed eat-in kitchen is equipped with stainless steel appliances and a highly coveted full pantry, along with a cozy breakfast area, that is full of natural light.The primary bedroom features a 4-piece ensuite bathroom and a spacious walk-in closet, adding a touch of luxury and convenience. The unit's covered balcony, shaded by a massive park tree, offers privacy and a stunning view of the green beltline,enhancing the living experience. Additional features include a note worthy desk nook and plenty of storage space, ensuring both comfort and practicality. Residents benefit from easy reach to essential amenities, as the building is just a five-minute walk from the Yonge subway line for smooth downtown access, and close to grocery stores, restaurants, and unique shopping experiences on Yonge Street. The Rio3 building offers exceptional facilities including a 24-hour concierge, an exercise room, ample visitor parking, and robust security measures. Included with the condo are modern conveniences and built-in closet shelving. The condo also includes one underground parking space and a storage locker. Having been recently renovated with fresh paint, opulent lighting and updated cabinetry facade, this condo not only promises an exceptional lifestyle but also stands out as a meticulously maintained space ready for immediate move-in.

    sotheby`s international realty canadaMLS® #C8451780


    Amenities

    Indoor Parking
    Bike Storage
    Games Room
    Concierge
    Gym Room
    Party Room

    Explore Neighbourhood

    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.

    Similar Listings

    Demographics

    Based on the dissemination area as defined by Statistics Canada. A dissemination area contains, on average, approximately 200 – 400 households.

    Population
    11,711
    Average Individual Income
    $59,569
    Average Household Size
    3 persons
    Average Age
    45
    Average Household Income
    $98,571
    Dominant Housing Type
    High Rise Apartment
    Population By Age
    0 - 14
    13%
    15 - 19
    1%
    20 - 34
    28%
    35 - 49
    19%
    50 - 64
    19%
    65+
    17%
    Household Income
    $0 - $30,000
    48%
    $30,000+
    26%
    $60,000+
    14%
    $90,000+
    8%
    $125,000+
    3%
    Housing Types & Tenancy
    High Rise Apartment
    44%
    Detached
    28%
    Low Rise Apartment
    12%
    Semi Detached
    11%
    Duplex
    3%
    Marital Status
    Commute
    Languages (Primary Language)
    Other
    69%
    Mandarin
    14%
    Cantonese
    11%
    Tagalog
    2%
    Telugu
    1%
    Arabic
    1%
    Spanish
    1%
    Hindi
    1%
    Education
    University and Above
    41%
    High School
    23%
    College
    15%
    None
    14%
    University Below Batchelor
    3%
    Apprenticeship
    2%
    Major Field of Study
    Business Management
    28%
    Architecture & Engineering
    19%
    Social Sciences
    11%
    Health & Related Fields
    10%
    Math & Computer Sciences
    8%
    Physical Sciences
    5%
    Humanities
    4%
    Education
    3%
    Visual & Performing Arts
    3%
    Personal, Protective & Transportation Services
    2%
    Agriculture & Natural Resources
    1%

    Maintenance Fees

    The Rio IIl vs The Mount Pleasant West Area

    Days on Strata

    Units at The Rio IIl spend an average of
    19
    Days on Strata
    based on recent sales

    List vs Selling Price

    On average, these condos sell for
    1%
    below
    the list price.

    Offer Competition

    Condos in this building have an
    AVERAGE
    chance of receiving
    Multiple Offers
    compared to other buildings in Mount Pleasant West

    Turnover of Units

    On average, each unit is owned for
    5.6
    YEARS before being sold again

    Property Value

    -7%
    Decrease in property value within the past twelve months

    Price Ranking

    31st
    Highest price per SQFT out of 57 condos in the Mount Pleasant West area

    Sold Units

    7
    Units were Sold over the past twelve months

    Rented Units

    10
    Units were Rented over the past twelve months

    Best Value Rank

    The Rio IIl offers the
    ?
    best value out of 57 condos in the Mount Pleasant West neighbourhood

    Appreciation Rank

    The Rio IIl has the
    ?
    highest ROI out of 57 condos in the Mount Pleasant West neighbourhood

    Rental Yield

    The Rio IIl yields the
    ?
    highest rent prices out of 57 condos in the Mount Pleasant West neighbourhood

    High Demand

    The Rio IIl is the
    ?
    most popular building out of 57 condos in the Mount Pleasant West neighbourhood

    Transaction Insights at 225 Merton Street

    Studio1 Bed1 Bed + Den2 Bed2 Bed + Den3 Bed
    Price RangeNo Data$499,000 - $622,500$580,000 - $647,000$700,000 - $1,049,000No DataNo Data
    Avg. Cost Per SqftNo Data$960$967$913No DataNo Data
    Avg. Wait for Unit AvailabilityNo Data205 Days201 Days167 Days389 DaysNo Data
    Ratio of Units in Building1%32%19%39%9%2%

    Transactions vs Inventory

    Total number of units listed and sold in Mount Pleasant West