For SaleThe MercerEst Sell Timeframe 9 Days
$599,000
Price Cut: $610,000
1 Bed + 1
1 Bath
0 Parking
635 SQFT
138 Days on Strata
Listing History
Unit Highlights
Property Type:
Condo
Maintenance Fees:
$389/mth
Taxes:
$2,811 (2023)
Cost Per Sqft:
$943/sqft
Locker:
Owned
Outdoor Space:
Balcony
Exposure:
North West
Possession Date:
60 days
Laundry:
Ensuite
Buyer's Market
Balanced
Seller's Market
Maintenance Fees
Included
Water
Building Maintenance
Building Insurance
Excluded
Hydro
Heat
Air Conditioning
Utility Type
- Air Conditioning
- Central Air
- Heat Source
- Gas
- Heating
- Forced Air
Room Dimensions
Great Rm
Open Concept, Combined with Kitchen, Walkout To Balcony
13.91 x 16.41ft
Kitchen
Backsplash, Centre Island, Built-in Appliances
13.91 x 16.41ft
Prim Bdrm
4 Piece Ensuite, Windows Floor to Ceiling, Hardwood Floor
9.42 x 10.01ft
About this Listing
The Mercer Residence At King West Village, Heart Of Entertainment District & Close To Financial,Fashion District, great Restaurants, TTC At The Door Step. Across The Street To Underground Path ToSt. Andrew Subway.1 Bedroom + Study. A luxurious 567 Sqft living space w/68 Sqft open Balcony to enjoy. Unit features a large Centre island /breakfast bar and beautiful Laminate flooring throughout. A well maintained unit facing north-east with bright sunlight in morning.
ExtrasB/I Fridge, B/I Cook Top, B/I Oven, Range Hood, Microwave, Washer & Dryer, Window Coverings &Existing Light Fixtures.
homelife/romano realty ltd.MLS® #C8441200
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
Household Income
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
AVERAGEchance 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 againProperty 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
| Studio | 1 Bed | 1 Bed + Den | 2 Bed | 2 Bed + Den | 3 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 |
| Price Range | $2,000 - $2,100 | $2,150 - $2,450 | $2,300 - $3,000 | $1,500 - $3,500 | $3,200 - $3,600 | $4,000 - $5,200 |
| Avg. Wait for Unit Availability | 88 Days | 66 Days | 35 Days | 93 Days | 180 Days | 169 Days |
| Avg. Wait for Unit Availability | 17 Days | 19 Days | 10 Days | 24 Days | 57 Days | 63 Days |
| Ratio of Units in Building | 18% | 18% | 36% | 15% | 7% | 8% |
Transactions vs Inventory
Total number of units listed and sold in King West
