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    Toronto / Downtown / King West

    705 - 55 Mercer St

    For Rent55 Mercer Condos
    $3,900/mth
    3 Beds
    2 Bath
    0 Parking
    800 - 899 SQFT
    21 Days on Strata
    Est Lease Timeframe
    9 Days

    Listing History

    Unit Highlights

    Possession Date:
    November 15, 2024
    Lease Term:
    1 Year
    Property Type:
    Condo
    Utilities Included:
    No
    Outdoor Space:
    None
    Furnished:
    No
    Exposure:
    South West
    Locker:
    Owned
    Laundry:
    Ensuite
    Renter's Market
    Balanced
    Landlord's Market

    Utilities Included

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

    Utility Type

    Air Conditioning
    Central Air
    Heat Source
    Gas
    Heating
    Forced Air

    Room Dimensions

    Living
    Combined with Dining, Laminate, Large Window
    11.75 x 17.91ft
    Kitchen
    Backsplash, Open Concept, Built-in Appliances
    11.75 x 17.91ft
    Dining
    Combined with Living, Laminate, Large Window
    11.75 x 17.91ft

    About this Listing

    Live the Downtown Dream at 55 Mercer! Welcome to your new home in the vibrant heart of Toronto's Entertainment District! This bright and spacious corner unit offers 3 bedrooms, 2 bathrooms, and soaring 9-ft ceilings with floor-to-ceiling windows that flood every room with natural light. The modern kitchen boasts sleek, built-in appliances, perfect for casual meals or entertaining. Step outside your door to experience over 18,000 sq.ft. of impressive amenities, including a Fendi-furnished lobby, an outdoor basketball area, a rooftop lounge with BBQs and fire pits, and a cutting-edge fitness center with Peloton pods, yoga studio, and sauna. You will appreciate the secure parcel delivery and 24-hour concierge for ultimate peace of mind. With iconic spots like the CN Tower, Rogers Centre, top restaurants, and shops just steps away, life at 55 Mercer combines luxury and convenience with a perfect walk and transit score. Includes locker and all the perks of downtown living, right at your doorstep.

    re/max metropolis realtyMLS® #C10292065

    Amenities

    Party Room
    Concierge
    Gym Room
    Sauna
    Guest Suites
    Indoor Parking

    Explore Neighbourhood

    Unknown
    Walkability
    Unknown
    Transit
    Unknown
    Bikeability

    Similar Listings

    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

    55 Mercer Condos vs The King West Area

    Building Trends At 55 Mercer Condos

    Days on Strata

    Units at 55 Mercer Condos spend an average of
    36
    Days on Strata
    based on recent sales

    List vs Selling Price

    On average, these condos sell for
    2%
    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
    N/A
    YEARS before being sold again

    Property Value

    0%
    Increase in property value within the past twelve months

    Price Ranking

    5th
    Highest price per SQFT out of 101 condos in the King West area

    Sold Units

    6
    Units were Sold over the past twelve months

    Rented Units

    336
    Units were Rented over the past twelve months

    Best Value Rank

    55 Mercer Condos offers the
    ?
    N/A
    best value out of 101 condos in the King West neighbourhood

    Appreciation Rank

    55 Mercer Condos has the
    ?
    N/A
    highest ROI out of 101 condos in the King West neighbourhood

    Rental Yield

    55 Mercer Condos yields the
    ?
    N/A
    highest rent prices out of 101 condos in the King West neighbourhood

    High Demand

    55 Mercer Condos is the
    ?
    N/A
    most popular building out of 101 condos in the King West neighbourhood

    Transaction Insights at 55 Mercer Street

    Studio1 Bed1 Bed + Den2 Bed2 Bed + Den3 Bed3 Bed + Den
    Price Range$432,000No Data$700,000 - $815,000No DataNo Data$1,073,000No Data
    Avg. Cost Per Sqft$1,148No Data$1,241No DataNo Data$1,339No Data
    Avg. Wait for Unit AvailabilityNo DataNo Data76 DaysNo DataNo DataNo DataNo Data
    Ratio of Units in Building15%33%30%11%4%9%2%

    Transactions vs Inventory

    Total number of units listed and leased in King West