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    Toronto / Midtown / Mount Pleasant West

    510 - 253 Merton St N

    For SaleThe Rio - Tower II Condos
    $660,000
    1 Bed + 1
    1 Bath
    1 Parking
    645 SQFT
    27 Days on Strata
    Est Sell Timeframe
    25 Days

    Listing History

    Unit Highlights

    Ownership Type:
    Condo
    Property Type:
    Condo
    Maintenance Fees:
    $811/mth
    Taxes:
    $2,693 (2024)
    Cost Per Sqft:
    $1,023/sqft
    Locker:
    Owned
    Outdoor Space:
    Terrace
    Exposure:
    North
    Possession Date:
    May 15, 2025
    Laundry:
    Main
    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
    Electric
    Heating
    Forced Air

    Room Dimensions

    Living
    Combined with Dining, Hardwood Floor, Walkout To Balcony
    21.2 x 10.53ft
    Dining
    Combined with Living, Hardwood Floor, O/Looks Living
    21.2 x 10.53ft
    Kitchen
    Open Concept, Breakfast Bar, Pantry
    9.02 x 8.76ft

    About this Listing

    Welcome To This Spacious And Well-designed 1+1 Condo on Merton St! This Rare Offering Features Ample Storage, Including A Walk-In Closet With Custom Organizers, Double Front Hall Closet & Double Laundry Closet. The Versatile +1 Can Be Used As A Second Bedroom Or A Spacious Home Office. A Large Balcony With Two Access Doors Provides A Private Outdoor Retreat. Comes With Ensuite Washer/Dryer, A Locker & One Owned Parking Spot With The Option To take over the rental of a second parking space.This pet-friendly, well-managed building offers all-inclusive Maintenance Fees, 24hr Security/Concierge, Visitor Parking, & Ample Amenities ,Including A Brand New Gym, Yoga Room, Sauna, Billiards & More. The Courtyard Opens Directly Onto The Beltline Trail, Perfect For Walking, Running, Or Biking. Steps to June Rowlands Park, Home to Summer Farmers Markets, Minutes To Fruit Markets, Cafs & Shops. Only A 10 Min Walk To The Subway. A Rare Opportunity To Live On Merton- Don't Miss Out!

    coldwell banker the real estate centreMLS® #C11973491

    Amenities

    Visitor Parking
    Party Room
    Rec Room
    Concierge
    Security System
    Sauna

    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%

    Price Trends

    Maintenance Fees

    The Rio - Tower II Condos vs The Mount Pleasant West Area

    Building Trends At The Rio - Tower II Condos

    Days on Strata

    Units at The Rio - Tower II Condos spend an average of
    39
    Days on Strata
    based on recent sales

    List vs Selling Price

    On average, these condos sell for
    2%
    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

    -3%
    Decrease in property value within the past twelve months

    Price Ranking

    30th
    Highest price per SQFT out of 70 condos in the Mount Pleasant West area

    Sold Units

    5
    Units were Sold over the past twelve months

    Rented Units

    5
    Units were Rented over the past twelve months

    Best Value Rank

    The Rio - Tower II Condos offers the
    ?
    best value out of 70 condos in the Mount Pleasant West neighbourhood

    Appreciation Rank

    The Rio - Tower II Condos has the
    ?
    highest ROI out of 70 condos in the Mount Pleasant West neighbourhood

    Rental Yield

    The Rio - Tower II Condos yields the
    ?
    highest rent prices out of 70 condos in the Mount Pleasant West neighbourhood

    High Demand

    The Rio - Tower II Condos is the
    ?
    most popular building out of 70 condos in the Mount Pleasant West neighbourhood

    Transaction Insights at 253 Merton Street

    Studio1 Bed1 Bed + Den2 Bed2 Bed + Den3 Bed
    Price RangeNo Data$553,000$630,000$710,000 - $811,000No Data$1,225,000
    Avg. Cost Per SqftNo Data$900$943$906No Data$999
    Avg. Wait for Unit AvailabilityNo Data235 Days268 Days250 DaysNo Data3352 Days
    Ratio of Units in Building3%29%20%44%3%3%

    Transactions vs Inventory

    Total number of units listed and sold in Mount Pleasant West