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    Toronto / Downtown / King West

    2411 - 8 Mercer St

    For RentThe Mercer
    $3,200/mth
    2 Beds + 1
    2 Bath
    0 Parking
    800 - 899 SQFT
    2 Days on Strata
    Est Lease Timeframe
    5 Days

    Listing History

    Unit Highlights

    Possession Date:
    Immediately
    Lease Term:
    1 Year
    Property Type:
    Condo
    Utilities Included:
    No
    Outdoor Space:
    Balcony
    Furnished:
    No
    Exposure:
    North West
    Locker:
    Owned
    Laundry:
    Ensuite
    Renter's Market
    Balanced
    Landlord's Market

    Utilities Included

    Rent Includes
    Heat
    Air Conditioning
    Water
    Building Maintenance
    Building Insurance
    Excluded
    Hydro

    Utility Type

    Air Conditioning
    Central Air
    Heat Source
    Gas
    Heating
    Forced Air

    Room Dimensions

    Living
    Open Concept, Combined with Kitchen, Windows Floor to Ceiling
    20.24 x 12.93ft
    Kitchen
    Open Concept, Combined with Living, Breakfast Bar
    20.24 x 12.93ft
    Bedroom
    3 Piece Ensuite, Walkout To Balcony, Closet
    11.42 x 10.17ft

    About this Listing

    Gorgeous 2+Den Corner Unit On A High Level, In The Heart Of Entertainment District. Open Space Concept. Great Functional Layout. Amazing Neighbourhood And A Highly Desirable Location. Steps To Public Transit, Street Cars & Subway, Shopping, Theatres, Tiff, Restaurants, Parks, Path And So Much More.

    ExtrasIntegrated Hi-End Miele Appliances: B/I Fridge, Cooktop, Dishwasher, Range Hood, Microwave, Washer/Dryer. All Existing Window Coverings & Elf's

    times realty group inc.MLS® #C9355834

    Amenities

    Media Room
    Rooftop Deck
    Rec Room
    Security System
    Gym Room
    Concierge

    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
    35
    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

    38th
    Highest price per SQFT out of 103 condos in the King West area

    Sold Units

    17
    Units were Sold over the past twelve months

    Rented Units

    82
    Units were Rented over the past twelve months

    Best Value Rank

    The Mercer offers the
    ?
    best value out of 103 condos in the King West neighbourhood

    Appreciation Rank

    The Mercer has the
    ?
    highest ROI out of 103 condos in the King West neighbourhood

    Rental Yield

    The Mercer yields the
    ?
    highest rent prices out of 103 condos in the King West neighbourhood

    High Demand

    The Mercer is the
    ?
    most popular building out of 103 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$1,040$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 leased in King West