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    Toronto / Midtown / Mount Pleasant West

    617 - 225 Merton St

    For SaleThe Rio IIl
    $629,900
    Price Cut: $639,900
    1 Bed
    1 Bath
    1 Parking
    634 SQFT
    76 Days on Strata
    Est Sell Timeframe
    12 Days

    Listing History

    Unit Highlights

    Property Type:
    Condo
    Maintenance Fees:
    $776/mth
    Taxes:
    $2,725 (2024)
    Cost Per Sqft:
    $994/sqft
    Locker:
    Owned
    Outdoor Space:
    Balcony
    Exposure:
    South
    Possession Date:
    October 15, 2024
    Laundry:
    Ensuite
    Buyer's Market
    Balanced
    Seller's Market

    Maintenance Fees

    Included
    Hydro
    Heat
    Air Conditioning
    Water
    Parking
    Building Maintenance
    Building Insurance
    Excluded
    None

    Utility Type

    Air Conditioning
    Central Air
    Heat Source
    Gas
    Heating
    Fan Coil

    Room Dimensions

    Living
    Laminate, Combined with Dining, Walkout To Balcony
    13.26 x 10.83ft
    Dining
    Laminate, Combined with Living, Open Concept
    6.07 x 12.66ft
    Kitchen
    Ceramic Floor, Double Sink, Backsplash
    8.66 x 8.99ft

    About this Listing

    Bright And Spacious One-Bedroom South-Facing Suite (652S.F. + Balcony With Two Walk-Outs). Great Sized Living/Dining Rooms Area With South Treed Views With Private Balcony. King Sized Bedroom With Double Closet. The Foyer Has A Double Mirrored Closet. All Utilities Are Included. One Owned Parking Spot And One Owned Locker. Amazing Building! Walk To Everything, Subway-Yonge & Davisville, Shops, Restaurants All Within A Short Stroll! South Facing Balcony, En-Suite Laundry.. 24 Hour Concierge, Visitor Parking, Gym, Sauna, Party Room, Walking/Jogging Trail Behind Condo-Kay Gardiner Beltline Trail.

    re/max hallmark realty ltd.MLS® #C9308926

    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 IIl vs The Mount Pleasant West Area

    Building Trends At The Rio IIl

    Days on Strata

    Units at The Rio IIl spend an average of
    24
    Days on Strata
    based on recent sales

    List vs Selling Price

    On average, these condos sell for
    1%
    below
    the list price.

    Offer Competition

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

    Turnover of Units

    On average, each unit is owned for
    5.6
    YEARS before being sold again

    Property Value

    -11%
    Decrease in property value within the past twelve months

    Price Ranking

    23rd
    Highest price per SQFT out of 57 condos in the Mount Pleasant West area

    Sold Units

    7
    Units were Sold over the past twelve months

    Rented Units

    8
    Units were Rented over the past twelve months

    Best Value Rank

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

    Appreciation Rank

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

    Rental Yield

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

    High Demand

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

    Transaction Insights at 225 Merton Street

    Studio1 Bed1 Bed + Den2 Bed2 Bed + Den3 Bed
    Price RangeNo Data$499,000 - $600,000$577,000 - $647,000$700,000 - $1,049,000No DataNo Data
    Avg. Cost Per SqftNo Data$893$953$913No DataNo Data
    Avg. Wait for Unit AvailabilityNo Data205 Days165 Days172 Days389 DaysNo Data
    Ratio of Units in Building1%32%19%39%9%2%

    Transactions vs Inventory

    Total number of units listed and sold in Mount Pleasant West