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    Toronto / Downtown / King West

    704 - 8 Mercer St

    For RentThe Mercer
    4.0
    $2,500/mth
    1 Bed
    1 Bath
    0 Parking
    499 SQFT
    2 Days on Strata
    Est Lease Timeframe
    9 Days

    Listing History

    Unit Highlights

    Ownership Type:
    Condo
    Possession Date:
    March 19, 2025
    Lease Term:
    1 Year
    Property Type:
    Condo
    Utilities Included:
    Yes
    Outdoor Space:
    Balcony
    Furnished:
    Yes
    Exposure:
    East
    Locker:
    None
    Renter's Market
    Balanced
    Landlord's Market

    Utilities Included

    Rent Includes
    Hydro
    Heat
    Air Conditioning
    Water
    Excluded
    None

    Utility Type

    Air Conditioning
    Central Air
    Heat Source
    No Data
    Heating
    Forced Air

    Room Dimensions

    Living
    19.16 x 19.06ft
    Dining
    19.16 x 19.06ft
    Kitchen
    19.16 x 19.06ft

    About this Listing

    Fully Furnished 1 Bedroom 1 Bath Executive Rental. Just Bring A Suitcase! All-Inclusive utilities (minus internet) Luxury Building In The Heart Of Toronto's Entertainment/Tech District Just Bring Your Suitcase And Enjoy. Includes Hydro (Just Pay Internet/Cable) - All Cookware/Dishes Incld. Financial District, Rogers Centre, Cn Tower, Roy Thompson Hall Are 10 Min Walk. Tiff Bell Lightbox, Ttc And Underground P.A.T.H. Are 2 Min. Walk. 5 Star Amenities Including Jacuzzi, Sauna, Gym, Large Terrace W/Bbq - 24 Hr Concierge

    rare real estateMLS® #C12011926

    Amenities

    Media Room
    Security System
    Rooftop Deck
    Concierge
    Sauna
    Visitor Parking

    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.

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    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
    42
    Days on Strata
    based on recent sales

    List vs Selling Price

    On average, these condos sell for
    2%
    below
    the 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

    -3%
    Decrease in property value within the past twelve months

    Price Ranking

    37th
    Highest price per SQFT out of 112 condos in the King West area

    Sold Units

    15
    Units were Sold over the past twelve months

    Rented Units

    85
    Units were Rented over the past twelve months

    Best Value Rank

    The Mercer offers the
    ?
    best value out of 112 condos in the King West neighbourhood

    Appreciation Rank

    The Mercer has the
    ?
    highest ROI out of 112 condos in the King West neighbourhood

    Rental Yield

    The Mercer yields the
    ?
    highest rent prices out of 112 condos in the King West neighbourhood

    High Demand

    The Mercer is the
    ?
    most popular building out of 112 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$513,000 - $523,000$555,000 - $653,000$935,000No Data$1,030,000
    Avg. Cost Per Sqft$1,012$1,039$1,002$1,210No Data$1,150
    Avg. Wait for Unit Availability88 Days62 Days37 Days96 Days170 Days169 Days
    Ratio of Units in Building18%19%35%15%8%8%

    Transactions vs Inventory

    Total number of units listed and leased in King West