253 Merton St
MLS Restricted Listing
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Listing History
Jan 31, 2025 • 8 days on Strata
leased$2,300
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Unit Highlights
Off Market Listing
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Renter's Market
Balanced
Landlord's Market
Utilities Included
Rent Includes
Hydro
Air Conditioning
Parking
Excluded
Heat
Water
Utility Type
- Air Conditioning
- Central Air
- Heat Source
- Gas
- Heating
- Forced Air

Building Spotlight
Amenities
Indoor Parking
Bike Storage
Rec Room
Party Room
Concierge
Sauna
Explore Neighbourhood
8/10
Walkability
You’re in stride with amenities—most of your needs are just a playlist away.
8/10
Transit
Transit's there for you, like a loyal golden retriever.
5/10
Bikeability
You'll have a love-hate relationship with your gears. Mostly hate.
Similar Listings
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
Household Income
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%
Price Trends
Maintenance Fees
The Rio - Tower II Condos vs The Mount Pleasant West Area
Building Trends At The Rio - Tower II Condos
Days on Strata
Units at The Rio - Tower II Condos spend an average of
39
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
AVERAGEchance 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 againProperty Value
-3%
Decrease in property value within the past twelve months
Price Ranking
29th
Highest price per SQFT out of 70 condos in the Mount Pleasant West area
Sold Units
5
Units were Sold over the past twelve months
Rented Units
5
Units were Rented over the past twelve months
Best Value Rank
The Rio - Tower II Condos offers the best value out of 70 condos in the Mount Pleasant West neighbourhood
?
Appreciation Rank
The Rio - Tower II Condos has the highest ROI out of 70 condos in the Mount Pleasant West neighbourhood
?
Rental Yield
The Rio - Tower II Condos yields the highest rent prices out of 70 condos in the Mount Pleasant West neighbourhood
?
High Demand
The Rio - Tower II Condos is the most popular building out of 70 condos in the Mount Pleasant West neighbourhood
?
Transaction Insights at 253 Merton Street
Studio | 1 Bed | 1 Bed + Den | 2 Bed | 2 Bed + Den | 3 Bed | |
---|---|---|---|---|---|---|
Price Range | No Data | $553,000 | $630,000 | $710,000 - $811,000 | No Data | $1,225,000 |
Avg. Cost Per Sqft | No Data | $900 | $943 | $906 | No Data | $999 |
Price Range | No Data | $2,300 - $2,600 | $2,550 | $3,100 | No Data | No Data |
Avg. Wait for Unit Availability | No Data | 235 Days | 268 Days | 250 Days | No Data | 3352 Days |
Avg. Wait for Unit Availability | No Data | 166 Days | 336 Days | 203 Days | No Data | No Data |
Ratio of Units in Building | 3% | 29% | 20% | 44% | 3% | 3% |
Transactions vs Inventory
Total number of units listed and leased in Mount Pleasant West