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    Toronto / Downtown / King West

    1311 - 8 Mercer St

    For RentThe Mercer
    4.0
    $3,500/mth
    2 Beds + 1
    2 Bath
    1 Parking
    828 SQFT
    13 Days on Strata
    Est Lease Timeframe
    8 Days

    Listing History

    Unit Highlights

    Possession Date:
    Immediately
    Lease Term:
    1 Year
    Property Type:
    Condo
    Utilities Included:
    No
    Outdoor Space:
    Balcony
    Furnished:
    Partially
    Exposure:
    North West
    Locker:
    Owned
    Laundry:
    Ensuite
    Renter's Market
    Balanced
    Landlord's Market

    Utilities Included

    Rent Includes
    Heat
    Air Conditioning
    Water
    Parking
    Building Maintenance
    Building Insurance
    Excluded
    Hydro

    Utility Type

    Air Conditioning
    Central Air
    Heat Source
    Electric
    Heating
    Forced Air

    Room Dimensions

    Living
    Open Concept, Combined with Kitchen, Windows Floor to Ceiling
    20.24 x 12.93ft
    Kitchen
    Open Concept, Combined with Living, Breakfast Bar
    20.24 x 12.93ft
    Prim Bdrm
    3 Piece Ensuite, Walkout To Balcony, Windows Floor to Ceiling
    11.42 x 10.17ft

    About this Listing

    Luxury 2 Bedroom Corner Unit Plus Den With 2 Full Washrooms Located At The Heart Of King West/Entertainment District! 828 Sq Ft Of Bright And Spacious Living With Chique And Contemporary Finishes. This Beautiful Unit Features A Whole Wall Of Floor To Ceiling Windows, European Style, Open Concept Kitchen With Island And S/S Appliances. Also Has 112 Sq Fr Of Outdoor Balcony Space With Access Through Both The Bedrooms. This Unit Has Floor To Ceiling Windows And A Private Balcony W/ Breathtaking Views Of The Downtown City Views! This Condo Provides Everything That Downtown Living Has To offer. Steps To TTC Bus/Street Car/ Subway/ Rogers Centre/ Restaurants/ CN Tower/ Scotiabank Theatre Cineplex Aquarium/ No Frills Supermarket. Also Just Across The Street From PATH! Lastly, TIFF Bell Lightbox For Year Round Film Screening. Do Not Miss This Chance To See The One! Parking is Available at +$300 per month.

    landpower real estate ltd.MLS® #C11887757

    Amenities

    Party Room
    Media Room
    Rooftop Deck
    Sauna
    Rec Room
    Gym Room

    Explore Neighbourhood

    10/10
    Walkability
    Congratulations, you're the mayor of Walksville! Everything's at your doorstep.
    10/10
    Transit
    Meet the heartbeat of the city — transit so smooth, you’ll never miss a beat.
    6/10
    Bikeability
    The bike lane starts to feel like a second home.

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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.

    Population
    24,225
    Average Individual Income
    $66,367
    Average Household Size
    3 persons
    Average Age
    0
    Average Household Income
    $109,098
    Dominant Housing Type
    High Rise Apartment
    Population By Age
    0 - 14
    13%
    15 - 19
    1%
    20 - 34
    25%
    35 - 49
    19%
    50 - 64
    19%
    65+
    19%
    Household Income
    $0 - $30,000
    47%
    $30,000+
    23%
    $60,000+
    14%
    $90,000+
    9%
    $125,000+
    5%
    Housing Types & Tenancy
    High Rise Apartment
    36%
    Detached
    33%
    Semi Detached
    21%
    Low Rise Apartment
    4%
    Duplex
    3%
    Marital Status
    Commute
    Languages (Primary Language)
    Other
    71%
    Mandarin
    14%
    Cantonese
    9%
    Tamil
    2%
    Arabic
    1%
    Tagalog
    1%
    Spanish
    1%
    Korean
    1%
    Education
    University and Above
    43%
    High School
    21%
    College
    15%
    None
    13%
    University Below Batchelor
    3%
    Apprenticeship
    2%
    Major Field of Study
    Business Management
    25%
    Architecture & Engineering
    18%
    Health & Related Fields
    11%
    Social Sciences
    10%
    Math & Computer Sciences
    9%
    Humanities
    6%
    Physical Sciences
    5%
    Education
    4%
    Visual & Performing Arts
    3%
    Personal, Protective & Transportation Services
    2%

    Price Trends

    Maintenance Fees

    The Mercer vs The King West Area

    Building Trends At The Mercer

    Days on Strata

    Units at The Mercer spend an average of
    40
    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 King West

    Turnover of Units

    On average, each unit is owned for
    7
    YEARS before being sold again

    Property Value

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

    Price Ranking

    36th
    Highest price per SQFT out of 101 condos in the King West area

    Sold Units

    14
    Units were Sold over the past twelve months

    Rented Units

    89
    Units were Rented over the past twelve months

    Best Value Rank

    The Mercer offers the
    ?
    best value out of 101 condos in the King West neighbourhood

    Appreciation Rank

    The Mercer has the
    ?
    highest ROI out of 101 condos in the King West neighbourhood

    Rental Yield

    The Mercer yields the
    ?
    highest rent prices out of 101 condos in the King West neighbourhood

    High Demand

    The Mercer is the
    ?
    most popular building out of 101 condos in the King West neighbourhood

    Transaction Insights at 8 Mercer Street

    Studio1 Bed1 Bed + Den2 Bed2 Bed + Den3 Bed
    Price Range$416,000 - $495,000$518,000 - $523,000$555,000 - $653,000$935,000No Data$1,030,000
    Avg. Cost Per Sqft$1,013$1,039$1,002$1,212No Data$1,150
    Avg. Wait for Unit Availability88 Days66 Days36 Days93 Days180 Days169 Days
    Ratio of Units in Building19%18%36%15%7%8%

    Transactions vs Inventory

    Total number of units listed and leased in King West