Building Details
Listing History for The Mercer
Amenities
Maintenance Fees
About 8 Mercer Street — The Mercer
Rising above a podium at 8 Mercer St, this L-shaped condo balances contemporary design and comfort. The Mercer stands 34 storeys tall and is constructed of steel, glass, concrete, with stone accents. And what might be the most enticing aspect of this property is that it’s located in King West neighbourhood.
Love buildings with extensive amenities? How does a 10,000 square foot terrace on the 6th floor sound? There you’ll find gardens, a lounge, a kitchen, and games room. To go with these relaxing extras, are more extras; gym, sauna, media room, party room, meeting room, concierge, security guard, and parking garage.
As is often the case in King West, you wont get as much bang for your buck in terms of price per square foot, but there are affordable studio and 1 bedroom units. The Mercer is an ideal residence for young professionals, couples, and empty nesters — provided that they enjoy a fast paced neighbourhood.
The Suites
Units within The Mercer follow the trend set by the exterior, featuring contemporary design and executive finishes. Within these King West condos for sale you can expect to find wide plank hardwood floors, granite countertops, European style kitchens, 10 foot ceilings, floor to ceiling windows, and private balconies.
Buyers have a lot of choice in this building with over 400 units in a variety of layouts and exposures; units are available in studio, 1 bedroom, 1 bedroom + den, 2 bedroom, 2 bedroom + den, and 3 bedroom floor plans. Suite sizes range from 363 square feet for a studio to 1133 for a penthouse suite on the upper floors.
With a condo in this building, it’s practically mandatory that you entertain — and your guests will always feel welcome thanks available visitor parking.
The Neighbourhood
Move over Yorkville — here comes King West. It’s no surprise that this neighbourhood has become so popular with young professionals when you consider the sheer number of restaurants and pubs in the area, and the fact that the Entertainment District is just next door. For those who manage to land in this trendy neighbourhood — there’s no place they’d rather be.
From 8 Mercers Street, you’re just steps from fantastic restaurants — literally. There’s Milagro across the street for Mexican food, turn the corner onto King and you have Aroma Fine Indian Cuisine, Maki My Way for Japanese, Fred's Not Here for surf and turf, King Street Social Kitchen & Bar for an eclectic menu — all within a 2 minute walk. Head west, and indecision might stop you in your tracks, as there are dozens of 5 star restaurants.
Gone are the days of $20 parking and packed streetcars on game days, because sports fans can reach the Rogers Centre on foot in less than 10 minutes, and Scotiabank Arena in less than 20. After a thrilling victory — or devastating defeat — there are countless pubs and clubs awaiting you; C’est What?, The Loose Moose, The Porch, The Office Pub and Town Crier, to name a few.
If sports and nightlife aren’t your thing, there’s Princess of Wales Theatre and Royal Alexandra Theatre for musicals and plays, or The Second City Toronto for stand-up comedy. You can do your best impression of a tourist and visit the CN Tower, Ripley’s Aquarium of Canada, and Harbourfront Centre. Those who are athletically inclined have an array of activities at lakeside parks in the area, or can go for a scenic jog on the Martin Goodman Trail.
Transportation
Dust off those walking shoes, because there’s no reason to ever run errands in a vehicle again — boasting a 100 Walk Score, 8 Mercer Street is as walkable as they come. Public transit riders also have an excellent location; there are east and westbound streetcars just around the corner on King, allowing for quick connections to St Andrew for subway service.
Shocking as it may be, even car owners have a great starting point; drivers can reach the Gardiner Expressway in a hurry by heading south on Spadina for the nearest on-ramp.
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Price Cut: $250 (Nov 19)
Price Cut: $200 (Nov 4)
Price Cut: $100 (Oct 23)
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Demographics
Based on the dissemination area as defined by Statistics Canada. A dissemination area contains, on average, approximately 200 – 400 households.
Price Trends
Maintenance Fees
Building Trends At The Mercer
Days on Strata
List vs Selling Price
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High Demand
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 - $653,000 | $935,000 | $950,000 | $1,030,000 - $1,140,000 |
Avg. Cost Per Sqft | $996 | $1,039 | $989 | $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 | 36 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 | 19% | 18% | 36% | 15% | 7% | 8% |
Unit Sales vs Inventory
Total number of units listed and sold in King West