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    Toronto / Midtown / Mount Pleasant East

    502 - 253 Merton St

    For SaleThe Rio - Tower II Condos
    $589,000
    1 Bed
    1 Bath
    1 Parking
    650 SQFT
    4 Days on Strata
    Est Sell Timeframe
    3 Days

    Listing History

    Unit Highlights

    Property Type:
    Condo
    Maintenance Fees:
    $806/mth
    Taxes:
    $2,654 (2024)
    Cost Per Sqft:
    $906/sqft
    Locker:
    Owned
    Outdoor Space:
    Balcony
    Exposure:
    South
    Possession Date:
    Flexible TBD
    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

    Living
    Hardwood Floor, Combined with Dining, Walkout To Balcony
    19.03 x 11.06ft
    Dining
    Hardwood Floor, Combined with Living
    19.03 x 11.06ft
    Kitchen
    Tile Floor, O/Looks Dining
    8.01 x 8.01ft

    About this Listing

    Rarely available one bedroom, premium south facing unit! The bright and spacious layout features an open concept living and dining room, kitchen with peninsula and primary bedroom with wall to wall closet. Walk out to the private and quiet balcony, with luscious green views, from both the living room and the primary bedroom. Laundry and plenty of storage are located within the unit. Includes one parking space and one locker. This quiet, boutique style building is pet friendly and features 24 hour concierge/security, visitors parking, fitness centre, sauna, party room, billiards room and courtyard with gas bbq. Located in the heart of Davisville Village, just steps to subway, restaurants, shopping, cinemas and close to all services and amenities. Direct access to Kay Gardner Beltline Nature Trails for walking, jogging and biking.

    Extras253 Merton St is an exceptionally well managed property with on site manager. Maintenance fees include all utilities.

    orion realty corporationMLS® #C9351897

    Amenities

    BBQ
    Rec Room
    Bike Storage
    Games Room
    Security System
    Gym Room

    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%

    Price Trends

    Maintenance Fees

    The Rio - Tower II Condos vs The Mount Pleasant East Area

    Building Trends At The Rio - Tower II Condos

    Days on Strata

    Units at The Rio - Tower II Condos spend an average of
    22
    Days on Strata
    based on recent sales

    List vs Selling Price

    On average, these condos sell for
    2%
    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 East

    Turnover of Units

    On average, each unit is owned for
    5.3
    YEARS before being sold again

    Property Value

    -2%
    Decrease in property value within the past twelve months

    Price Ranking

    8th
    Highest price per SQFT out of 44 condos in the Mount Pleasant East area

    Sold Units

    6
    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 44 condos in the Mount Pleasant East neighbourhood

    Appreciation Rank

    The Rio - Tower II Condos has the
    ?
    highest ROI out of 44 condos in the Mount Pleasant East neighbourhood

    Rental Yield

    The Rio - Tower II Condos yields the
    ?
    highest rent prices out of 44 condos in the Mount Pleasant East neighbourhood

    High Demand

    The Rio - Tower II Condos is the
    ?
    most popular building out of 44 condos in the Mount Pleasant East neighbourhood

    Transaction Insights at 253 Merton Street

    Studio1 Bed1 Bed + Den2 Bed2 Bed + Den3 Bed
    Price RangeNo DataNo Data$630,000$720,000 - $740,020No Data$1,225,000
    Avg. Cost Per SqftNo DataNo Data$943$898No Data$999
    Avg. Wait for Unit AvailabilityNo Data216 Days268 Days254 DaysNo Data3352 Days
    Ratio of Units in Building3%29%20%44%3%3%

    Transactions vs Inventory

    Total number of units listed and sold in Mount Pleasant East