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For RentThe MercerEst Lease Timeframe 9 Days
$2,450/mth
1 Bed + 1
1 Bath
0 Parking
600 SQFT
15 Days on Strata
Listing History
Unit Highlights
Possession Date:
November 1, 2024
Lease Term:
1 Year
Property Type:
Condo
Utilities Included:
No
Outdoor Space:
Balcony
Furnished:
No
Exposure:
South
Locker:
Owned
Laundry:
Ensuite
Renter's Market
Balanced
Landlord's Market
Utilities Included
Rent Includes
Heat
Air Conditioning
Water
Building Insurance
Excluded
Hydro
Utility Type
- Air Conditioning
- Central Air
- Heat Source
- Gas
- Heating
- Forced Air
Room Dimensions
Living
Combined with Dining, Hardwood Floor, Walkout To Balcony
13.42 x 10.34ft
Dining
Combined with Living, Hardwood Floor, Open Concept
8.99 x 8.17ft
Prim Bdrm
Hardwood Floor, Built-in Closet
10.37 x 9.42ft
About this Listing
Live In Luxury! South Facing One Bdrm Plus Den Condo In Toronto Entertainment District At Mercer, Nearly 600 Sq Ft Of Interior Footage. Open Concept, High End Finishing. Direct Access To The Path System Right Across The Street. Walk To Toronto Entertainment District, King West, Financial District, Fashion District, Queen West, Rogers Centre, 5 Star Amenities. Parking Space Available For RENT.
ExtrasFridge, Dishwasher, Built-In Oven, Microwave, Stove, Stacked Washer & Dryer, All Blinds, All Electrical Light Fixtures
berkshire hathaway homeservices toronto realtyMLS® #C9476995
Amenities
Concierge
Party Room
Rec Room
Rooftop Deck
Media Room
Security System
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
Household Income
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
37
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
AVERAGEchance of receiving
Multiple Offers
compared to other buildings in King West
Turnover of Units
On average, each unit is owned for
6.9
YEARS before being sold againProperty Value
-6%
Decrease in property value within the past twelve months
Price Ranking
40th
Highest price per SQFT out of 101 condos in the King West area
Sold Units
18
Units were Sold over the past twelve months
Rented Units
80
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
| 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 - $630,000 | $935,000 | $950,000 | $1,030,000 - $1,140,000 |
| Avg. Cost Per Sqft | $996 | $1,026 | $1,007 | $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 | 35 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 | 18% | 18% | 36% | 15% | 7% | 8% |
Transactions vs Inventory
Total number of units listed and leased in King West
