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    Toronto / Midtown / Mount Pleasant West

    1205 - 253 Merton St

    For SaleThe Rio - Tower II Condos
    $719,000
    2 Beds
    1 Bath
    1 Parking
    769 SQFT
    20 Days on Strata
    Est Sell Timeframe
    12 Days

    Listing History

    Unit Highlights

    Property Type:
    Condo
    Maintenance Fees:
    $926/mth
    Taxes:
    $2,997 (2024)
    Cost Per Sqft:
    $935/sqft
    Locker:
    Owned
    Outdoor Space:
    Balcony
    Exposure:
    South East
    Possession Date:
    60 days or TBA
    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
    Electric
    Heating
    Fan Coil

    Room Dimensions

    Foyer
    Marble Floor, Hardwood Floor, Closet
    10.01 x 3.84ft
    Living
    Hardwood Floor, Se View, Walkout To Balcony
    22.57 x 10.24ft
    Dining
    Hardwood Floor, Open Concept, Combined with Living
    22.57 x 10.24ft

    About this Listing

    Bright, spacious and airy 2-bedroom suite in the heart of Davisville Village with 'forever' southeast views. An immaculately kept suite with updates. Natural light abounds through all living areas. The primary bedroom supports a king-sized bed, and the 2nd bedroom is ideal for a child, over-night guest or a home office. 2 walkouts lead to southeast views over a sweeping treetop canopy of protected greenspace and the feel of Central Park. The courtyard has a gas barbecue and offers direct access to the Kay Gardner Beltline through a secured gate. Just a 10-minute walk to Davisville Station and an exceptional array of restaurants and cafes that line Yonge Street & Mount Pleasant Road. An impeccably well-managed and very pet-friendly vertical village of only 124 suites. Maintenance fees include heat, hydro, central air and water and parking

    sotheby`s international realty canadaMLS® #C9416196

    Amenities

    Security System
    Visitor Parking
    Sauna
    Party Room
    Rec 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
    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
    21
    Days on Strata
    based on recent sales

    List vs Selling Price

    On average, these condos sell for
    1%
    above
    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
    5.5
    YEARS before being sold again

    Property Value

    -4%
    Decrease in property value within the past twelve months

    Price Ranking

    17th
    Highest price per SQFT out of 57 condos in the Mount Pleasant West area

    Sold Units

    7
    Units were Sold over the past twelve months

    Rented Units

    3
    Units were Rented over the past twelve months

    Best Value Rank

    The Rio - Tower II Condos offers the
    ?
    best value out of 57 condos in the Mount Pleasant West neighbourhood

    Appreciation Rank

    The Rio - Tower II Condos has the
    ?
    highest ROI out of 57 condos in the Mount Pleasant West neighbourhood

    Rental Yield

    The Rio - Tower II Condos yields the
    ?
    highest rent prices out of 57 condos in the Mount Pleasant West neighbourhood

    High Demand

    The Rio - Tower II Condos is the
    ?
    most popular building out of 57 condos in the Mount Pleasant West neighbourhood

    Transaction Insights at 253 Merton Street

    Studio1 Bed1 Bed + Den2 Bed2 Bed + Den3 Bed
    Price RangeNo DataNo Data$630,000$720,000 - $811,000No Data$1,225,000
    Avg. Cost Per SqftNo DataNo Data$943$894No Data$999
    Avg. Wait for Unit AvailabilityNo Data216 Days268 Days252 DaysNo Data3352 Days
    Ratio of Units in Building3%30%19%44%3%3%

    Transactions vs Inventory

    Total number of units listed and sold in Mount Pleasant West