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            AIDA (Artificial Intelligence Digital Assistant) is currently in BETA version, and is available at no charge for a limited time.

            Some features are limited, with full access granted only to our clients and real estate agents representing ITRealty.

            All results are for informational purposes only, and we do not guarantee neither take any responsibility for AIDA's CMA accuracy. Please use it for the informational purpose only at your own risk, contact your agent (or one of ours), or a professional appraisal company for more details.

            AIDA's CMA is taking into account real estate market fluctuations for given type properties in the city and neighborhood, so sometimes CMA may significately vary from the prices properties are listed at.

            Please check below on the page for what AIDA is not including into the CMA.

            Comparative Market Analysis for MLS# C4957554

            $2,100
            1br 1ba 500-599sf

            Water

            Y

            Heating

            Y

            Hydro

            Y

            Parking

            Y

            Laundry

            Ensuite

            WalkScore

            80

            TransitScore

            77

            Compare$1,845

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            Property Details Provided By
            Property Details Provided By Toronto Real Estate Board
            Listed By

            RE/MAX HALLMARK REALTY LTD., BROKERAGE

            Learn more about this property:
            MLS# C4957554 Listing Details
            Among all comparable properties rented in condo located at 253 Merton Street in Mount Pleasant West in Toronto from Jan 2017 to Oct 2020, after adjusting rental rates accordin to market conditions at the time of sale, AIDA has calculated that:
            Minimum Rent Adjusted was:

            $1,764

            Maximum Rent Adjusted was:

            $1,926

            AIDA's ESTIMATE (based on 2 properties)
            AIDA's Comparative Market Analysis is based on comparable properties sales data adjusted according to the monthly fluctuations of the local real estate market, and is equivalent to:

            $XXX,XXX

            Which makes the Asking Price ($2,100) more than AIDA's Appraised Value by:

            $XX,XXX

            Or, in percentage equivalent, by:

            XX%

            Notes
            • Condo lockers are not taken into account.
            • Upgrades and quality of renovation are not taken into account.

            Comparables

            AIDA found 2 comparable properties rented out in condo located at 253 Merton Street in Mount Pleasant West in Toronto from Jan 2017 to Oct 2020

            Use the table's first column checkboxes to exclude/include properties into evaluation. The numbers above will automatically get recalculated accordingly.

            Sold onFloorUnit#AddressExpSQFTBed • BathGar SpacesSold PriceTime Adj %Time Adj Price
            2018-10-25***808253 Merton StSw500-5991+0 • 11.0$2,000-11.82%***
            2019-01-27***1008253 Merton StW500-5991+0 • 11.0$2,150-10.44%***

            Mount Pleasant West, Toronto Sales History More

            Mount Pleasant West, Toronto: Overall Sales Statistics for Condos
            Powered by AIDA © (itrealty.ca/aida)
            Neighborhood Sales Statistics
            Powered by AIDA © (itrealty.ca/aida)
            Neighborhood Rent Statistics
            Mount Pleasant West, Toronto: Detailed Sales & Rent Statistics for Condos
            Listing Overview

            General:

            1008 253 Merton Street is a condo apt apartment, located in Mount Pleasant West of city of Toronto, Toronto region, near Mount Pleasant/Merton/Yonge, and has been available for lease on ITRealty since 2020-10-17. This unit is located at level 9 of the building and has West exposure of Merton St. Condo registry office is TSCP, corporation number 1462.

            Lot Size and Living Area:

            1008 253 Merton Street has 4+0 rooms in total, including 1+0 bedroms, 1 baths and 1 kitchen. Please find this condo rooms details on this page above.
            Living area of this condo unit is within the range of 500-599 square feet.
            1.0 parking space(s) are owned and located undergrnd at level P1 . The locker is owned. ensuite laundry is located on main level.

            Heating and Cooling:

            The condo heat source is Gas, the heat type is Heat Pump and air-conditioning is Central Air.

            Listing Features:

            This condo is featuring Clear View, Library, Park, Public Transit, School at, or near the property.
            AIDA has also found the following features: Modern/Renovated/Well Maintained, and possible sellers motivation indicators such as Flexible Possession.

            Price & Cost Overview

            General:

            1008 253 Merton Street condo apt is listed for $2,100.

            Comparative Market Analysis:

            There are similar 1+0 bedr condo apt recently sold for an average Time Adjusted Selling Price of $1,845.
            Visit a customized Comparative Market Analysis page for more details.

            Location Overview

            General:

            Mount Pleasant West, where 253 Merton Street is located, has $785,645 Home Price Index, and $2,324 Home Rent Index. Average household income at dissemination area of 253 Merton Street is $87,296, and average polulation age is 48 years old.
            Average Home Price Index among 143 evaluated neighborhoods in city of Toronto is $1,051,366, and average Home Rent Index $2,583.

            Similar Properties & Community Details:

            There are similar to 1008 253 Merton Street 1 bedr condo apt condos listed For Sale and For Rent in city of Toronto.
            Learn about the prices of Recently Sold Condos and Recently Rented Condos near 253 Merton Street.
            You may also find useful information about the schools, real estate sales and rent statistics, home price index and more at Mount Pleasant West neighborhood in city of Toronto.

            Walkscore, Transitscore, and Bikescore:

            With Walkscore, Transitscore, and Bikescore of 80, 77, and 70 accordingly, location of 253 Merton Street overall can be described as Very Walkable, Excellent Transit, and Very Bikeable.

            1008 253 Merton Street Listings History Powered By AIDA
            Mount Pleasant West, Toronto Sales & Rent History Powered by AIDA
            Disclaimer

            All results are for informational purposes only, and we do not guarantee neither take any responsibility for AIDA's CMA accuracy. Please use it for the informational purpose only at your own risk, contact your agent (or one of ours), or a professional appraisal company for more details.

            City of Toronto Condos MOI (Months of Inventory)
            Last month sales statistics:
            It is a Sellers market. Existing inventory is less than enough for 4 months sales supply (103 days).
            Sellers are not likely to negotiate the price, but it is easier to sell your own property.
            Buy first, sell next is a possible strategy, as your own properety may go up in price while you are shopping.
            How often similar homes get rented?
            You may expect 114 to 140 properties like that to be sold in Mount Pleasant West during the next 30 days.
            Seasonal sales fluctuation is showing 82% inventory increase comparing to the average annual number, which is equvalent to 69.83 properties sold per month, and 33% increase comparing to the last six months.
            How soon can it be sold?
            This property has been on the market for 5 days, which is 24 days less than the recent sales average and can be considered as a relatively new listing that can be sold at any time if the price is right.
            Seasonal sales fluctuation is showing 12% D.O.M. increase comparing to the average annual number, which is equvalent to 25 D.O.M., and 4% increase comparing to the last six months indicating slightly declining demand for this type of property within this price range.
            At what price can it be sold?
            Similar properties currently sell at 1.03% below its asking price in Mount Pleasant West.
            The selling to asking price ratio is declining in Mount Pleasant West.
            This property has not been on the market for long enough yet to guess if it can be sold above the asking price, but it can get sold in the nearest future if the price is right.
            Have a look at comparable properties sold in the past, to get a better idea about this home market value: MLS C4957554 Comparative Market Analysis

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