Skip to main

    220 - 225 Merton St

    For SaleThe Rio IIl
    $999,999
    2 Beds
    2 Bath
    1 Parking
    1,193 SQFT
    94 Days on Strata
    Est Sell Timeframe
    4 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

    Rec Room
    Bike Storage
    Games Room
    Security System
    Gym Room
    Concierge

    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
    15,396
    Average Individual Income
    $62,966
    Average Household Size
    3 persons
    Average Age
    45
    Average Household Income
    $112,148
    Dominant Housing Type
    Detached
    Population By Age
    0 - 14
    12%
    15 - 19
    2%
    20 - 34
    20%
    35 - 49
    17%
    50 - 64
    23%
    65+
    24%
    Household Income
    $0 - $30,000
    51%
    $30,000+
    24%
    $60,000+
    12%
    $90,000+
    7%
    $125,000+
    4%
    Housing Types & Tenancy
    Detached
    52%
    Semi Detached
    21%
    Low Rise Apartment
    11%
    High Rise Apartment
    8%
    Duplex
    6%
    Marital Status
    Commute
    Languages (Primary Language)
    English
    53%
    Cantonese
    16%
    Mandarin
    15%
    Other
    11%
    Tamil
    3%
    Tagalog
    1%
    Spanish
    1%
    Education
    University and Above
    32%
    High School
    26%
    None
    17%
    College
    16%
    Apprenticeship
    3%
    University Below Batchelor
    3%
    Major Field of Study
    Business Management
    25%
    Architecture & Engineering
    18%
    Health & Related Fields
    12%
    Social Sciences
    11%
    Math & Computer Sciences
    7%
    Humanities
    5%
    Physical Sciences
    5%
    Education
    4%
    Visual & Performing Arts
    3%
    Personal, Protective & Transportation Services
    2%
    Agriculture & Natural Resources
    1%

    Maintenance Fees

    The Rio IIl vs The Mount Pleasant East Area

    Days on Strata

    Units at The Rio IIl spend an average of
    17
    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 East

    Turnover of Units

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

    Property Value

    -8%
    Decrease in property value within the past twelve months

    Price Ranking

    13th
    Highest price per SQFT out of 50 condos in the Mount Pleasant East area

    Sold Units

    8
    Units were Sold over the past twelve months

    Rented Units

    9
    Units were Rented over the past twelve months

    Best Value Rank

    The Rio IIl offers the
    ?
    best value out of 50 condos in the Mount Pleasant East neighbourhood

    Appreciation Rank

    The Rio IIl has the
    ?
    highest ROI out of 50 condos in the Mount Pleasant East neighbourhood

    Rental Yield

    The Rio IIl yields the
    ?
    highest rent prices out of 50 condos in the Mount Pleasant East neighbourhood

    High Demand

    The Rio IIl is the
    ?
    most popular building out of 50 condos in the Mount Pleasant East neighbourhood

    Transaction Insights at 225 Merton Street

    Studio1 Bed1 Bed + Den2 Bed2 Bed + Den3 Bed
    Price RangeNo Data$499,000 - $622,500$580,000 - $674,000$700,000 - $1,049,000No DataNo Data
    Avg. Cost Per SqftNo Data$960$965$913No DataNo Data
    Avg. Wait for Unit AvailabilityNo Data200 Days191 Days161 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 East