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    Toronto / Downtown / King West

    1203 - 8 Mercer St

    For RentThe Mercer
    $2,200/mth
    Studio
    1 Bath
    0 Parking
    442 SQFT
    37 Days on Strata
    Est Lease Timeframe
    9 Days

    Listing History

    Unit Highlights

    Possession Date:
    November 1, 2024
    Lease Term:
    1 Year
    Property Type:
    Condo
    Utilities Included:
    No
    Outdoor Space:
    Balcony
    Furnished:
    Yes
    Exposure:
    East
    Locker:
    None
    Laundry:
    Ensuite
    Renter's Market
    Balanced
    Landlord's Market

    Utilities Included

    Rent Includes
    Heat
    Air Conditioning
    Water
    Building Maintenance
    Building Insurance
    Excluded
    Hydro

    Utility Type

    Air Conditioning
    Central Air
    Heat Source
    Gas
    Heating
    Forced Air

    Room Dimensions

    Living
    Combined with Dining, Walkout To Balcony, Large Window
    0 x 0ft
    Dining
    Combined with Living
    0 x 0ft
    Kitchen
    Centre Island, Open Concept, Modern Kitchen
    0 x 0ft

    About this Listing

    Discover city living at its finest in this ideally situated studio unit at 8 Mercer St, right in the pulsating heart of Toronto. Featuring an open-concept layout optimized for space and functionality, this east-facing residence is bathed in abundant natural light. The cutting-edge kitchen is a chef's dream, complete with plentiful storage, state-of-the-art built-in appliances, and an expansive center island. Located just steps away from the city's vibrant entertainment, fashion, and financial districts, you'll enjoy unparalleled convenience. Easy access to the TTC subway and the PATH system places theatres, restaurants, and more right at your doorstep. This unit also offers a rich array of amenities, including a sauna, gym, party room, visitor parking, and much more, elevating your living experience to the next level.

    ExtrasEnjoy premium amenities on the second floor, from a well-equipped fitness center with a hot tub to a sauna. The party room and visitor parking add convenience for guests. The 6th-floor terrace features 10,000 sq. ft. of space,

    royal lepage signature realtyMLS® #C9364335

    Amenities

    Security System
    Guest Suites
    Rooftop Deck
    Visitor Parking
    Sauna
    Media Room

    Explore Neighbourhood

    10/10
    Walkability
    Congratulations, you're the mayor of Walksville! Everything's at your doorstep.
    10/10
    Transit
    Meet the heartbeat of the city — transit so smooth, you’ll never miss a beat.
    6/10
    Bikeability
    The bike lane starts to feel like a second home.

    Similar Listings

    Demographics

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

    Population
    24,225
    Average Individual Income
    $66,367
    Average Household Size
    3 persons
    Average Age
    0
    Average Household Income
    $109,098
    Dominant Housing Type
    High Rise Apartment
    Population By Age
    0 - 14
    13%
    15 - 19
    1%
    20 - 34
    25%
    35 - 49
    19%
    50 - 64
    19%
    65+
    19%
    Household Income
    $0 - $30,000
    47%
    $30,000+
    23%
    $60,000+
    14%
    $90,000+
    9%
    $125,000+
    5%
    Housing Types & Tenancy
    High Rise Apartment
    36%
    Detached
    33%
    Semi Detached
    21%
    Low Rise Apartment
    4%
    Duplex
    3%
    Marital Status
    Commute
    Languages (Primary Language)
    Other
    71%
    Mandarin
    14%
    Cantonese
    9%
    Tamil
    2%
    Arabic
    1%
    Tagalog
    1%
    Spanish
    1%
    Korean
    1%
    Education
    University and Above
    43%
    High School
    21%
    College
    15%
    None
    13%
    University Below Batchelor
    3%
    Apprenticeship
    2%
    Major Field of Study
    Business Management
    25%
    Architecture & Engineering
    18%
    Health & Related Fields
    11%
    Social Sciences
    10%
    Math & Computer Sciences
    9%
    Humanities
    6%
    Physical Sciences
    5%
    Education
    4%
    Visual & Performing Arts
    3%
    Personal, Protective & Transportation Services
    2%

    Price Trends

    Maintenance Fees

    The Mercer vs The King West Area

    Building Trends At The Mercer

    Days on Strata

    Units at The Mercer spend an average of
    37
    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 King West

    Turnover of Units

    On average, each unit is owned for
    6.9
    YEARS before being sold again

    Property Value

    -6%
    Decrease in property value within the past twelve months

    Price Ranking

    40th
    Highest price per SQFT out of 101 condos in the King West area

    Sold Units

    18
    Units were Sold over the past twelve months

    Rented Units

    78
    Units were Rented over the past twelve months

    Best Value Rank

    The Mercer offers the
    ?
    best value out of 101 condos in the King West neighbourhood

    Appreciation Rank

    The Mercer has the
    ?
    highest ROI out of 101 condos in the King West neighbourhood

    Rental Yield

    The Mercer yields the
    ?
    highest rent prices out of 101 condos in the King West neighbourhood

    High Demand

    The Mercer is the
    ?
    most popular building out of 101 condos in the King West neighbourhood

    Transaction Insights at 8 Mercer Street

    Studio1 Bed1 Bed + Den2 Bed2 Bed + Den3 Bed
    Price Range$408,000 - $495,000$518,000 - $523,000$555,000 - $630,000$935,000$950,000$1,030,000 - $1,140,000
    Avg. Cost Per Sqft$996$1,026$1,007$1,212$1,053$1,158
    Avg. Wait for Unit Availability88 Days66 Days35 Days93 Days180 Days169 Days
    Ratio of Units in Building18%18%36%15%7%8%

    Transactions vs Inventory

    Total number of units listed and leased in King West