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    8 Mercer Street

    The Mercer
    4for Sale
    14for Rent

    Building Details

    Property Type:
    Condo
    Number of Storeys:
    34
    Number of Units:
    412
    Condo Completion:
    2015
    Condo Demand:
    Medium
    Unit Size Range:
    349 - 1,200 SQFT
    Unit Availability:
    Medium
    Property Management:

    Listing History for The Mercer

    Receive listing updates for King West

    Amenities

    Party Room
    Security System
    Visitor Parking
    Concierge
    Gym Room
    Media Room

    Maintenance Fees

    Included
    Water
    Excluded
    Hydro
    Heat
    Air Conditioning

    About 8 Mercer StreetThe Mercer

    Rising above a podium at 8 Mercer St, this L-shaped condo balances contemporary design and comfort. The Mercer stands 34 storeys tall and is constructed of steel, glass, concrete, with stone accents. And what might be the most enticing aspect of this property is that it’s located in King West neighbourhood.

    Love buildings with extensive amenities? How does a 10,000 square foot terrace on the 6th floor sound? There you’ll find gardens, a lounge, a kitchen, and games room. To go with these relaxing extras, are more extras; gym, sauna, media room, party room, meeting room, concierge, security guard, and parking garage.

    As is often the case in King West, you wont get as much bang for your buck in terms of price per square foot, but there are affordable studio and 1 bedroom units. The Mercer is an ideal residence for young professionals, couples, and empty nesters — provided that they enjoy a fast paced neighbourhood.

    The Suites

    Units within The Mercer follow the trend set by the exterior, featuring contemporary design and executive finishes. Within these King West condos for sale you can expect to find wide plank hardwood floors, granite countertops, European style kitchens, 10 foot ceilings, floor to ceiling windows, and private balconies.

    Buyers have a lot of choice in this building with over 400 units in a variety of layouts and exposures; units are available in studio, 1 bedroom, 1 bedroom + den, 2 bedroom, 2 bedroom + den, and 3 bedroom floor plans. Suite sizes range from 363 square feet for a studio to 1133 for a penthouse suite on the upper floors.

    With a condo in this building, it’s practically mandatory that you entertain — and your guests will always feel welcome thanks available visitor parking.

    The Neighbourhood

    Move over Yorkville — here comes King West. It’s no surprise that this neighbourhood has become so popular with young professionals when you consider the sheer number of restaurants and pubs in the area, and the fact that the Entertainment District is just next door. For those who manage to land in this trendy neighbourhood — there’s no place they’d rather be.

    From 8 Mercers Street, you’re just steps from fantastic restaurants — literally. There’s Milagro across the street for Mexican food, turn the corner onto King and you have Aroma Fine Indian Cuisine, Maki My Way for Japanese, Fred's Not Here for surf and turf, King Street Social Kitchen & Bar for an eclectic menu — all within a 2 minute walk. Head west, and indecision might stop you in your tracks, as there are dozens of 5 star restaurants.

    Gone are the days of $20 parking and packed streetcars on game days, because sports fans can reach the Rogers Centre on foot in less than 10 minutes, and Scotiabank Arena in less than 20. After a thrilling victory — or devastating defeat — there are countless pubs and clubs awaiting you; C’est What?, The Loose Moose, The Porch, The Office Pub and Town Crier, to name a few.

    If sports and nightlife aren’t your thing, there’s Princess of Wales Theatre and Royal Alexandra Theatre for musicals and plays, or The Second City Toronto for stand-up comedy. You can do your best impression of a tourist and visit the CN Tower, Ripley’s Aquarium of Canada, and Harbourfront Centre. Those who are athletically inclined have an array of activities at lakeside parks in the area, or can go for a scenic jog on the Martin Goodman Trail.

    Transportation

    Dust off those walking shoes, because there’s no reason to ever run errands in a vehicle again — boasting a 100 Walk Score, 8 Mercer Street is as walkable as they come. Public transit riders also have an excellent location; there are east and westbound streetcars just around the corner on King, allowing for quick connections to St Andrew for subway service.

    Shocking as it may be, even car owners have a great starting point; drivers can reach the Gardiner Expressway in a hurry by heading south on Spadina for the nearest on-ramp.

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    4

    Listings For Sale

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    14

    Listings For Rent

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    Explore King West

    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 condos

    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%

    Maintenance Fees

    The Mercer vs The King West Area

    Days on Strata

    Units at The Mercer spend an average of
    39
    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
    7
    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

    17
    Units were Sold over the past twelve months

    Rented Units

    84
    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$416,000 - $495,000$518,000 - $523,000$555,000 - $653,000$935,000$950,000$1,030,000 - $1,140,000
    Avg. Cost Per Sqft$1,013$1,039$989$1,212$1,053$1,158
    Avg. Wait for Unit Availability88 Days66 Days36 Days93 Days180 Days169 Days
    Ratio of Units in Building19%18%36%15%7%8%

    Unit Sales vs Inventory

    Total number of units listed and sold in King West