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    Toronto / Downtown / King West

    401 - 8 Mercer St

    For SaleThe Mercer
    4.0
    $622,000
    1 Bed + 1
    1 Bath
    0 Parking
    635 SQFT
    45 Days on Strata
    Est Sell Timeframe
    9 Days

    Listing History

    Unit Highlights

    Property Type:
    Condo
    Maintenance Fees:
    $389/mth
    Taxes:
    $2,812 (2023)
    Cost Per Sqft:
    $980/sqft
    Locker:
    Owned
    Outdoor Space:
    Balcony
    Exposure:
    North East
    Possession Date:
    60 days
    Laundry:
    Ensuite
    Buyer's Market
    Balanced
    Seller's Market

    Maintenance Fees

    Included
    Air Conditioning
    Water
    Building Maintenance
    Building Insurance
    Excluded
    Hydro
    Heat

    Utility Type

    Air Conditioning
    Central Air
    Heat Source
    Gas
    Heating
    Forced Air

    Room Dimensions

    Great Rm
    Combined with Dining, Walkout To Balcony, Hardwood Floor
    13.91 x 16.41ft
    Kitchen
    Combined with Great Room, Centre Island, Ceramic Floor
    13.91 x 16.41ft
    Prim Bdrm
    Large Closet, Windows Floor to Ceiling, Hardwood Floor
    9.42 x 10.01ft

    About this Listing

    The Mercer Residence At King West Village, Heart of Entertainment District & Close To Financial, Fashion District, Great Restaurants, TTC At The Door Step. Across The Street To Underground Path To St. Andrew Subway. 1 Bedroom + Study. A Luxurious 567 Sqft Living Space w/68 Sqft Open Balcony to Enjoy. Unit features a large center island / breakfast bar and beautiful Laminate Flooring throughout. A well maintained unit facing north-east with bright sunlight in morning.

    homelife/romano realty ltd.MLS® #C10419948

    Amenities

    Sauna
    Rooftop Deck
    Security System
    Gym Room
    Visitor Parking
    Party 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.

    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

    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

    35th
    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

    88
    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 sold in King West