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    225 Merton Street

    1for Sale
    0for Rent

    Building Details

    Property Type:
    Condo
    Number of Storeys:
    12
    Number of Units:
    124
    Condo Completion:
    2003
    Condo Demand:
    Medium
    Unit Size Range:
    390 - 1,964 SQFT
    Unit Availability:
    Medium
    Property Management:

    Listing History for The Rio IIl

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    Amenities

    Concierge
    Party Room
    Rec Room
    Security System
    Sauna
    Indoor Parking

    Maintenance Fees

    Included
    Water
    Excluded
    Hydro
    Heat
    Air Conditioning

    About 225 Merton StreetThe Rio IIl

    Following the success of the Conservatory Group’s first development in the area, The Rio, they teamed up with Heather Downs Developments in order to build the Rio II Condos at 225 Merton, which brought even more luxury residences to the Mount Pleasant East neighbourhood. In fact, the Rio development has been such a success that it warranted a third iteration — The Rio IV Condos.

    Completed in 2002, the developers consulted the local community and the municipal government to ensure the condo served the best interests of both prospective residents and the neighbourhood at large. As a result, 225 Merton proves to be an attractive fixture in the area, whether one lives inside the building or not.

    Designed by the Toronto-based E.I. Richmond Architects, the building structure consists of a 12-storey tower placed atop a stout, 5-storey podium. This aesthetic might be considered postmodern — a refined mix of many styles.

    The postmodern style starts with the Rio II Condos’ concrete exterior, featuring understated yet modern sculptural details. This concrete offers the perfect canvas for the contemporary, gleaming, glass-walled balconies and triple framed windows. Finally, these different styles come together so well thanks to E.I. Richmond Architect’s inspired application of classical proportions to the building.

    In addition to its architecture’s sophisticated aesthetics and proportions, the Rio II Condos attracts many prospective residents since it contains a remarkable collection of amenities. This includes an exercise room along with a sauna and a whirlpool, a party room, with its own kitchen, a versatile meeting room, a billiards room, a common patio equipped to barbecue and set inside a lush courtyard garden, and finally, a 24-hour concierge service staffing the chic lobby.

    The Suites

    At 225 Merton, there are 124 suites, ranging in size from approximately 400 to 1,400 square feet. This includes one-, two-, and three-bedroom layouts which all feel quite comfortable, especially since most living spaces extend onto either a private patio, a terrace, or balcony. That’s right, some suites generously boast access to multiple outdoor spaces.

    Inside, the suites feature intelligently designed floor plans, maximizing the way natural light is able to flow through the generously-sized windows that fill the suites. This gives 225 Merton’s homes a bright and fresh atmosphere. Even though many of the Rio II Condos’ former residents have customized their suites over the years, all Toronto condos for sale here remain warm and welcoming to the core.

    The Neighbourhood

    225 Merton is the closest of the Rio Condos to Mount Pleasant Road — granted all are within a single city block. Nonetheless, residents often enjoy Davisville’s eclectic commercial scene along Mount Pleasant, as well as the grassy fields of June Rowlands Park, which contains a baseball diamond, tennis and basketball courts, and a picnic area.

    There are many unique offerings on Mount Pleasant, highlighted by the Granite Brewery. At the corner of Eglinton and Mount Pleasant, Nova Scotian Kevin Keefe opened the Granite Brewery in 1991, offering some of the first craft beers in Toronto. Today his daughter, Mary Beth Keefe, is the brew master — their selections may be even better. Residents may find themselves here often, with a different rotation of tasty brews every season.

    Transportation

    Even without a car, residents can get around the city with ease. The TTC’s Davisville Station sits on Yonge Street, just steps north of Merton Street. After a ten-minute walk from the Rio II Condos, travelers can catch trains from Davisville that are heading north and south through the city on the Yonge-University-Spadina line.

    For those who prefer to drive, residents have their choice of different fast-paced midtown roadways on which to venture throughout the city. Drivers will become quite familiar with Bayview Avenue, though: this is the next major street east of the building after Mount Pleasant, and leads south to the closet highway, the Don Valley Parkway — often in just under ten minutes.

    The Rio IIl Reviews

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    Explore Neighbourhood

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    Transit
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    5/10
    Bikeability
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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
    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%

    Maintenance Fees

    The Rio IIl vs The Mount Pleasant West Area

    Days on Strata

    Units at The Rio IIl spend an average of
    23
    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 Mount Pleasant West

    Turnover of Units

    On average, each unit is owned for
    5.6
    YEARS before being sold again

    Property Value

    -7%
    Decrease in property value within the past twelve months

    Price Ranking

    28th
    Highest price per SQFT out of 57 condos in the Mount Pleasant West area

    Sold Units

    8
    Units were Sold over the past twelve months

    Rented Units

    10
    Units were Rented over the past twelve months

    Best Value Rank

    The Rio IIl offers the
    ?
    best value out of 57 condos in the Mount Pleasant West neighbourhood

    Appreciation Rank

    The Rio IIl has the
    ?
    highest ROI out of 57 condos in the Mount Pleasant West neighbourhood

    Rental Yield

    The Rio IIl yields the
    ?
    highest rent prices out of 57 condos in the Mount Pleasant West neighbourhood

    High Demand

    The Rio IIl is the
    ?
    most popular building out of 57 condos in the Mount Pleasant West neighbourhood

    Transaction Insights at 225 Merton Street

    Studio1 Bed1 Bed + Den2 Bed2 Bed + Den3 Bed
    Price RangeNo Data$499,000 - $622,500$577,000 - $647,000$700,000 - $1,049,000No DataNo Data
    Avg. Cost Per SqftNo Data$960$953$913No DataNo Data
    Avg. Wait for Unit AvailabilityNo Data205 Days165 Days172 Days389 DaysNo Data
    Ratio of Units in Building1%32%19%39%9%2%

    Unit Sales vs Inventory

    Total number of units listed and sold in Mount Pleasant West