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    Toronto / Midtown / Mount Pleasant West

    508 - 195 Merton St

    For RentThe Rio IV Condos
    $2,599/mth
    Price Cut: $2,650
    1 Bed + 1
    1 Bath
    1 Parking
    646 SQFT
    23 Days on Strata
    Est Lease Timeframe
    10 Days

    Listing History

    Unit Highlights

    Possession Date:
    January 1, 2025
    Lease Term:
    1 Year
    Property Type:
    Condo
    Utilities Included:
    No
    Outdoor Space:
    Balcony
    Furnished:
    No
    Exposure:
    North
    Locker:
    Owned
    Laundry:
    Ensuite
    Renter's Market
    Balanced
    Landlord's Market

    Utilities Included

    Rent Includes
    Hydro
    Heat
    Water
    Parking
    Excluded
    Air Conditioning

    Utility Type

    Air Conditioning
    Central Air
    Heat Source
    Gas
    Heating
    Forced Air

    Room Dimensions

    Foyer
    Tile Floor
    6.89 x 3.48ft
    Living
    Laminate, Walkout To Balcony
    21 x 10.2ft
    Dining
    Laminate, Combined with Living
    21 x 10.2ft

    About this Listing

    Great Midtown Location @ Yonge/Davisville. This Bright And Spacious 1 + 1 Bedroom Unit Offers One Of The Largest And Most Practical Layouts (The Den Can Be Used As An Office Or Second Bedroom). Multiple Closets And Storage Space As Well As Double Closet In Master Bedroom. Visitors Parking, Gym, Party Room, Etc.. Just In Steps To Sobey's, Shops, Subway And Parks.

    ExtrasAll Utilities, Parking And Locker Are Inclusive. Fridge, Stove, B/I Dishwasher, Washer And Dryer, All Electrical Light Fixtures And Window Coverings.

    sutton group-admiral realty inc.MLS® #C10237176

    Amenities

    Visitor Parking
    Games Room
    Concierge
    Gym Room
    Indoor Parking
    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
    0 - 14
    13%
    15 - 19
    1%
    20 - 34
    28%
    35 - 49
    19%
    50 - 64
    19%
    65+
    17%
    Household Income
    $0 - $30,000
    48%
    $30,000+
    26%
    $60,000+
    14%
    $90,000+
    8%
    $125,000+
    3%
    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 IV Condos vs The Mount Pleasant West Area

    Building Trends At The Rio IV Condos

    Days on Strata

    Units at The Rio IV Condos spend an average of
    16
    Days on Strata
    based on recent sales

    List vs Selling Price

    On average, these condos sell for
    5%
    below
    the list price.

    Offer Competition

    Condos in this building have a
    LOW
    chance of receiving
    Multiple Offers
    compared to other buildings in Mount Pleasant West

    Turnover of Units

    On average, each unit is owned for
    6.5
    YEARS before being sold again

    Property Value

    -19%
    Decrease in property value within the past twelve months

    Price Ranking

    17th
    Highest price per SQFT out of 57 condos in the Mount Pleasant West area

    Sold Units

    5
    Units were Sold over the past twelve months

    Rented Units

    0
    Units were Rented over the past twelve months

    Best Value Rank

    The Rio IV Condos offers the
    ?
    best value out of 57 condos in the Mount Pleasant West neighbourhood

    Appreciation Rank

    The Rio IV Condos has the
    ?
    highest ROI out of 57 condos in the Mount Pleasant West neighbourhood

    Rental Yield

    The Rio IV Condos yields the
    ?
    highest rent prices out of 57 condos in the Mount Pleasant West neighbourhood

    High Demand

    The Rio IV Condos is the
    ?
    most popular building out of 57 condos in the Mount Pleasant West neighbourhood

    Transaction Insights at 195 Merton Street

    Studio1 Bed1 Bed + Den2 Bed2 Bed + Den3 Bed
    Price RangeNo Data$650,000No Data$724,900 - $1,115,000No DataNo Data
    Avg. Cost Per SqftNo Data$1,130No Data$941No DataNo Data
    Avg. Wait for Unit AvailabilityNo Data217 Days250 Days150 Days1114 DaysNo Data
    Ratio of Units in Building2%27%24%42%2%3%

    Transactions vs Inventory

    Total number of units listed and leased in Mount Pleasant West