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    Toronto / Downtown / King West

    1107 - 8 Mercer St

    For SaleThe Mercer
    $649,900
    1 Bed + 1
    1 Bath
    0 Parking
    585 SQFT
    3 Days on Strata
    Est Sell Timeframe
    8 Days

    Listing History

    Unit Highlights

    Property Type:
    Condo
    Maintenance Fees:
    $391/mth
    Taxes:
    $3,033 (2024)
    Cost Per Sqft:
    $1,111/sqft
    Locker:
    Owned
    Outdoor Space:
    Balcony
    Exposure:
    South
    Possession Date:
    Immediately
    Buyer's Market
    Balanced
    Seller's Market

    Maintenance Fees

    Included
    Building Maintenance
    Excluded
    Hydro
    Heat
    Air Conditioning
    Water

    Utility Type

    Air Conditioning
    Central Air
    Heat Source
    Gas
    Heating
    Forced Air

    Room Dimensions

    Living
    Combined with Dining, Hardwood Floor, Walkout To Balcony
    13.32 x 9.74ft
    Dining
    Combined with Living, Hardwood Floor, Walkout To Balcony
    13.32 x 9.74ft
    Kitchen
    Modern Kitchen, Hardwood Floor, Backsplash
    12.99 x 9.42ft

    About this Listing

    Exceptional opportunity to live in the vibrant heart of Toronto! This stunning 1-bedroom + den unit comes fully furnished, including all furniture, dinnerware, decorative pieces, and more, nothing to do but move in! Enjoy a walkout balcony with beautiful city views. The open-concept layout features high-end finishes throughout, with a modern kitchen equipped with premium Miele appliances. Located steps from iconic landmarks like the CN Tower, Rogers Centre, Ripleys Aquarium, and the waterfront. Plus, youll have easy access to public transit, world-class dining, shopping, and the bustling Entertainment, Financial, and Fashion districts. Dont miss your chance to experience fully furnished, hassle-free urban living at its finest!

    ExtrasAmazing amenities include: Scandinavian-inspired sauna & spa, media room, party room, fitness centre with hot tub, 6th floor lounge 10,000 Sqft terrace with BBQs, concierge, visitor parking

    deerbrook realty inc.MLS® #C9379007

    Amenities

    Security System
    Media Room
    Gym Room
    Sauna
    Guest Suites
    Visitor Parking

    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
    33
    Days on Strata
    based on recent sales

    List vs Selling Price

    On average, these condos sell for
    100%
    of the list price.
    Or in other words, the
    entire 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
    6.9
    YEARS before being sold again

    Property Value

    -5%
    Decrease in property value within the past twelve months

    Price Ranking

    42nd
    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

    Studio1 Bed1 Bed + Den2 Bed2 Bed + Den3 Bed
    Price Range$385,000 - $495,000$520,000 - $588,000$555,000 - $630,000$935,000$950,000$1,140,000
    Avg. Cost Per Sqft$1,012$1,064$1,007$1,212$1,053$1,167
    Avg. Wait for Unit Availability88 Days66 Days35 Days93 Days180 Days161 Days
    Ratio of Units in Building18%18%36%15%7%8%

    Transactions vs Inventory

    Total number of units listed and sold in King West