$459,000
Toronto
#1710 8 Mercer Street, Toronto (Waterfront Communities), Ontario, M5V0C4
This 1-bedroom, 1-bathroom condo in Toronto is for sale offering roughly 550 sq ft of space. Listed at $459,000, it is attractively priced about 27% below the $629,900 median asking price in Toronto. It has been on the market 32 days, fresher than the Toronto average of 57 days.
Experience downtown living at its best at The Mercer! This bright, west-facing one-bedroom suite offers an inviting blend of modern style, comfort and indoor-outdoor living. High ceilings and an expansive wall of floor-to-ceiling windows enhance the sense of space and flood the open-concept living and dining area with natural light, while a walkout opens onto a generous 90 sq. ft. balcony. With plenty of room to relax, dine and take in the city views, you may find yourself spending as much time outdoors as in. Full-height sliding doors allow the bedroom to be completely enclosed for privacy or opened to the living area for a more spacious, connected feel. The streamlined kitchen pairs crisp white upper cabinets with warm wood-grain cabinetry and stone countertops, complemented by a full suite of integrated appliances. It's an ideal choice for first-time buyers, professionals, investors or those seeking a convenient city pied-a-terre. Residents enjoy an impressive collection of amenities, including a 24-hour concierge, fully equipped fitness centre, yoga room, sauna and spa area, party room, and an expansive rooftop terrace with lounge and dining areas and BBQs. The Mercer is located in the Entertainment District, just steps from King Street West, TIFF Bell Lightbox, acclaimed restaurants, cafes, theatres and nightlife. Walk to the Financial District, PATH, Rogers Centre, CN Tower, Scotiabank Arena, Union Station and the waterfront. With the King streetcar and St. Andrew subway station nearby, the best of downtown Toronto is within easy reach. (id:66096)
Room details as supplied by the listing brokerage. Dimensions are shown in the unit the listing states, and are approximate.
Features and services as supplied by the listing brokerage.
Extended: 32 days on market, against an average age of 57 days across the listings currently for sale in this city
Homes here sell faster than most markets
Sold homes in this market spent an average of 33 days on the market over the past year, against a median of 48 days across the markets we publish.
Homes here sell below asking price
Homes in this market sold for an average of 94.6 percent of their asking price over the past year, below the 96.4 percent median across the markets we publish.
This 1-bed single family in Toronto (Waterfront Communities) has been listed for 32 days, which is 25 days fresher than the city average of 57. Act while there is still low competition.
Approximate location — exact address confirmed upon showing
This home lists at $459,000, about 5.0× the local median household income of $91,000.
Carrying it typically needs a household income of about $89,659 (20% down, 25-yr amortization, stress-tested) — within reach of the area median.
Source: Statistics Canada, 2021 Census (FSA M5V)
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