Saved Properties
    Saved Searches
          Recently viewed properties

            AIDA

            Real Estate Artificial Intelligence Digital Assistant

            Disclaimer

            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# C4630629

            $4,950
            2+1br 3ba 1200-1399sf

            Water

            N

            Heating

            N

            Hydro

            N

            Parking

            Y

            Laundry

            Ensuite

            WalkScore

            76

            TransitScore

            0

            Compare$5,129

            Please Login for the Map View

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

            HOMELIFE LANDMARK REALTY INC., BROKERAGE

            Learn more about this property:
            MLS# C4630629 Listing Details
            Among all comparable properties rented in condo located at 55 Merchants Wharf Street in Waterfront Communities C8 in Toronto from Jan 2017 to Nov 2019, after adjusting rental rates accordin to market conditions at the time of sale, AIDA has calculated that:
            Minimum Rent Adjusted was:

            $5,076

            Maximum Rent Adjusted was:

            $5,238

            AIDA's ESTIMATE (based on 4 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 ($4,950) less 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 4 comparable properties rented out in condo located at 55 Merchants Wharf Street in Waterfront Communities C8 in Toronto from Jan 2017 to Nov 2019

            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
            2018-05-07***32455 Merchants' Wharf StW1200-13992+1 • 31.0$4,8508.01%***
            2018-05-13***112055 Merchants' Wharf StNe1200-13992+0 • 31.0$4,7008.01%***
            2018-05-26***42255 Merchants' Wharf StSe1200-13992+1 • 31.0$4,7008.01%***
            2018-07-29***102055 Merchants' Wharf StE1200-13992+0 • 31.0$4,9004.62%***

            Waterfront Communities C8, Toronto Sales History More

            Waterfront Communities C8, Toronto: Overall Sales Statistics for Condos
            Neighborhood Sales Statistics
            Neighborhood Rent Statistics
            Waterfront Communities C8, Toronto: Detailed Sales & Rent Statistics for Condos
            622 55 Merchants Wharf Street Property & Location AIDA Analytics
            Listing Details

            General:

            622 55 Merchants Wharf Street is a condo apt apartment, located in Waterfront Communities C8 of city of Toronto, Toronto region, near Queen's Quay E./Lower Sherbour, and has been available for lease on ITRealty since 2019-11-09 14:17:02. This unit is located at level 6 of the building and has South-East exposure of Merchants' Wharf St. Condo registry office is TSCC, corporation number 2640.

            Lot Size and Living Area:

            622 55 Merchants Wharf Street has 5+1 rooms in total, including 2+1 bedroms, 3 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 1200-1399 square feet. 55 Merchants Wharf Street building is appriximately New years old.
            1.0 parking space(s) are owned and located undergrnd at level . The locker is owned. ensuite laundry is located on main level.

            Heating and Cooling:

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

            Listing Features:

            This condo is featuring Lake/Pond, Park, Public Transit at, or near the property.
            AIDA has also found the following features: Swimming Pool, AIDA Recommended, and possible sellers motivation indicators such as Listing Ad says Motivated Seller.

            Price & Cost Details

            General:

            622 55 Merchants Wharf Street condo apt is listed for $4,950.

            Comparative Market Analysis:

            There are similar 2+1 bedr condo apt recently sold for an average Time Adjusted Selling Price of $5,129.
            Visit a customized Comparative Market Analysis page for more details.

            Location Details

            General:

            Waterfront Communities C8, where 55 Merchants Wharf Street is located, has $760,886 Home Price Index, and $2,704 Home Rent Index. Average household income at dissemination area of 55 Merchants Wharf Street is $40,320, and average polulation age is 40 years old.
            Average Home Price Index among 142 evaluated neighborhoods in city of Toronto is $956,582, and average Home Rent Index $2,648.

            Similar Properties & Community Details:

            There are similar to 622 55 Merchants Wharf Street 2 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 55 Merchants Wharf Street.
            You may also find useful information about the schools, real estate sales and rent statistics, home price index and more at Waterfront Communities C8 neighborhood in city of Toronto.

            Walkscore, and Bikescore:

            With Walkscore, and Bikescore of 76, and 98 accordingly, location of 55 Merchants Wharf Street overall can be described as Very Walkable, and Biker's Paradise.

            Waterfront Communities C8, Toronto AIDA Analytics

            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 (41 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 6 to 7 properties like that to be sold in Waterfront Communities C8 during the next 30 days.
            Seasonal sales fluctuation is showing 43% inventory increase comparing to the average annual number, which is equvalent to 4.42 properties sold per month, and 9% increase comparing to the last six months.
            How soon it can be sold?
            This property has been on the market for 6 days, which is 25 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 9% D.O.M. increase comparing to the average annual number, which is equvalent to 28 D.O.M., and 11% increase comparing to the last six months indicating slightly declining demand for this type of property within this price range.
            At what price it can be sold?
            Similar properties currently sell very close to its asking price in Waterfront Communities C8.
            The selling to asking price ratio is declining in Waterfront Communities C8.
            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 C4630629 Comparative Market Analysis

            Have Questions? We can help.

            Every property is different. Automated appraisals can't accurately tell you how much a property is really worth.

            Talk to an expert to find today's market price for any given property before you put in an offer. Free no obligation property evaluation. Limited to our clients only.

            Have a property to sell?

            Ask us for a comprehensive property evaluation at no charge, based on the Comparative Market Analysis and the personal experience of local agents.

            Free Property Evaluation