The Mercer is a fantastic condo at 8 Mercer St. We have condos for sale and assignments for sale and for rent. We’re actibely seeking buyers, sellers, landlords and prospective tenants to add to our roster. If you own a unit at The Mercer Condos, or looking to buy, sell, assign or rent, contact Yossi Kaplan for further info.
Selling & Assigning at The Mercer: if you have purchased and an owner, and would like to know your selling options, such as: how much will you get? time to sell? cost of selling? and any other question, contact Yossi.
Buying & Investing: looking to invest in this centrally located condo? you’re doing something right! Contact Yossi for available units, prices and best units to buy!
Landlords & Tenants: if you are looking to lease (landlords) your condos to tenants, or, looking to rent a unit, contact Yossi to get going fast!
The Mercer is located on 8 Mercer between King West and john Street and the building contains 33 floors and 415 units sized from 363 to 1133 sq ft. Prices will start around $250,000.
Units are spacious and feature 9 and 10′ ceilings. Amenities are fantastic (scroll below for pics) and include all that you would want in a sophisticated downtown condo.
Prices at The Mercer will be on par with similar area buildings such as Festival Tower, Cinema Tower, The Bond and many more. King and John is an excellent area to live, and has many options for the smart buyer and renters to choose from.
You can expect the following – bearing no significant market changes:
Bachelors at low 300s.
One Beds from low 300’s to 400’s
One Plus Den from mid 300’s to upper 400’s.
Two Beds from High 400’s to upper 500’s
Three Beds, penthouses and high-floor units with good views will command a significant increase. This is true to all downtown building and is the way condos are priced now.
If you are looking for budget condos at these high-end buildings, go for lower floors with no views. You’ll get the same space at a discount over high-floor open view similar units. These are usually the units being leased to renters. They are cheaper to buy, hence produce a better ROI over same-size units on high floors which produce slightly higher rents, yet require more downpayment and higher mortgages.
On the other hand, high-floor units with open views are usually easy to sell and are always in demand, since the scarcity of views only gets worse, never better.
Questions? Contact Yossi!