$489,000
For sale: Apartment

Experience downtown living at its best at The Mercer! This bright, west-facing one-bedroom suite offers an inviting blend of modern style, comfort and indoor-outdoor living. High ceilings and an expansive wall of floor-to-ceiling windows enhance the sense of space and flood the open-concept living and dining area with natural light, while a walkout opens onto a generous 90 sq. ft. balcony. With plenty of room to relax, dine and take in the city views, you may find yourself spending as much time outdoors as in. Full-height sliding doors allow the bedroom to be completely enclosed for privacy or opened to the living area for a more spacious, connected feel. The streamlined kitchen pairs crisp white upper cabinets with warm wood-grain cabinetry and stone countertops, complemented by a full suite of integrated appliances. It's an ideal choice for first-time buyers, professionals, investors or those seeking a convenient city pied-à-terre. Residents enjoy an impressive collection of amenities, including a 24-hour concierge, fully equipped fitness centre, yoga room, sauna and spa area, party room, and an expansive rooftop terrace with lounge and dining areas and BBQs. The Mercer is located in the Entertainment District, just steps from King Street West, TIFF Bell Lightbox, acclaimed restaurants, cafés, theatres and nightlife. Walk to the Financial District, PATH, Rogers Centre, CN Tower, Scotiabank Arena, Union Station and the waterfront. With the King streetcar and St. Andrew subway station nearby, the best of downtown Toronto is within easy reach.
Sold data
Apartment homes in Toronto (Waterfront Communities) took a median of 29 days to sell over the last 90 days, with the quickest quarter selling within 16 days and the slowest quarter taking more than 54, across 2,841 recorded sales.
That clock counts only the listing each home finally sold on. Measured from the first time these properties came to market, including any earlier listings that were withdrawn and re-entered, the median is 56 days.
The median sale price was $568,000.
Homes sold for about 3.3% below asking on average, so there was room to negotiate.
About 13% of sales closed above the list price.
Around 19% of sellers reduced their price before finding a buyer.
Based on 2,841 recorded sales in the last 90 days. Aggregate statistics only; individual sale prices are not shown.
Schools
Toronto (Waterfront Communities) has 529 Fraser Institute–rated schools (425 elementary and 104 secondary), averaging 6.2/10.
School ratings from the Fraser Institute's Ontario school report cards.
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