4102-55 Mercer Street, Toronto, ON
Waterfront Communities C1, Toronto · MLS® C12893454
About this home
Perched on the 41st floor, this stunning southwest corner suite at 55 Mercer offers breathtaking, unobstructed views of the CN Tower, Rogers Centre, the Toronto skyline, and Lake Ontario. Floor-to-ceiling windows flood the home with natural light while showcasing spectacular city views from every room.This rare and highly functional three-bedroom, two-bathroom layout maximizes every square foot with a bright, open-concept living and dining area, a modern kitchen with an island, and seamless access to a private balcony overlooking the city. The versatile third bedroom is perfect for a home office, guest room, or growing family. Completed in 2024, 55 Mercer is one of downtown Toronto's newest luxury residences, located steps from King West, the Financial District, Rogers Centre, and the city's best restaurants, shopping, and entertainment. Residents enjoy world-class amenities across three levels, including a state-of-the-art fitness centre with Peloton pods and HIIT training zones, yoga studio, infrared cedar saunas, co-working spaces, boardrooms, landscaped outdoor terraces, basketball half-court, BBQ areas and a dog run. Parking and locker included. Bonus: Bell high-speed internet is included in the maintenance fees for approximately the next 5 years. A rare opportunity to own a high-floor corner residence with iconic skyline views in the heart of downtown Toronto.
Key facts
- Property type
- Condo Apartment, Apartment
- MLS®
- C12893454
- Bedrooms
- 3
- Bathrooms
- 2
- Size
- 800-899
- Cross streets
- King St/Blue Jays Way
- Parking
- 1 garage (underground)
- Basement
- None
- Heating
- Fan Coil
- A/C
- Central Air
- Exterior
- Brick
- Maintenance
- $761/mo
- Exposure
- South West
- Property tax
- $5,052 / 2025
- Days on market
- 123
- Listing brokerage
- COMFREE
Rooms
Heads up: the asking price here sits well above what comparable listings suggest. That can point to premium finishes, a bigger lot, or simply an ambitious ask, so it is worth a close look before you offer. I would not put an automatic figure on this one. Tell me you are interested and I will pull the most comparable recent sales and give you a straight answer on what it will really take.
Ask Moe if this price is fairThe assigned public school is Ogden Junior Public School. EQAO is only one input, and families here also look at French Immersion, boundary, and private options, the full breakdown is below.
On location, this is a more car-dependent spot, so buyers here typically drive. Transit is limited nearby. Worth weighing if transit access matters to you.
What the listing highlightsThese are claims from the listing. The only way to know for sure is to see it in person, and I am happy to book you a private showing.
- Open-concept layout: modern, sought-after flow.
- Lifestyle
The closest active listings by size, beds, and price, so you can see what this home is up against.
The 5 closest of 6 active listings nearby.
See all comparable homes122 days longer than the Toronto average (1 days).
View comparable listingsPrice per square foot vs the area average.
Neighbourhood & location
Waterfront Communities C1, Toronto, ON
Enter a workplace or destination and we’ll show the door-to-door time by car, transit and bike.
Getting around
Car-DependentA walkability read built from the amenities around this home: how close the nearest transit stop is, and how many grocery, dining, park, and pharmacy destinations fall within a 15-minute walk. It is a guide, not a guarantee. Places data from Google.
Almost all errands require a car.
Within a 15-minute (1.5 km) walk.
How asking prices compare in the closest areas to this home. Longer bars mean a pricier market.
Typical asking price of active listings of the same type, per area (outliers removed). Toronto.
Get the full neighbourhood report (schools, parks, transit & safety) →
The public and Catholic schools this address is zoned for, with EQAO results (the share of students meeting Ontario's provincial standard).
School attendance boundaries and EQAO results are Ontario government data and can change. Confirm the current catchment with the school board before relying on it.
Affordability & Mortgage
Income needed assumes a ~32% GDS ratio; weekly is mortgage principal & interest only. Price ÷ income is the home price over the income needed. Fixed reference assumptions so listings compare on equal footing, not a lending decision.
Calculate and customize your mortgage and other expenses
Adjust the down payment, rate, and amortization, and add property tax, condo fees, and heating to see your true monthly cost.
Your numbers
Conventional (20%+ down). Best insured 5-year fixed 3.99% via Ratehub.ca (as of July 18, 2026); conventional rates run a little higher.
Mortgage amount $911,110 · 4.14% over 25 years
Total monthly cost
- Mortgage payment (monthly equivalent)
- $4,862
- Property tax
- $421
- Condo / maintenance fees
- $761
- Heating
- $0
- Estimated monthly cost
- $6,044
Add your own property tax, condo fees, and heating on the left for a sharper total.
One-time closing costs
- Ontario land transfer tax
- $19,253
- Toronto municipal land transfer tax
- $19,253
- Estimated closing costs
- $38,506
Plus your down payment of $227,778. Legal fees, title insurance, and adjustments are extra and vary by deal.
Mortgage stress test
Lenders qualify you at the greater of your rate plus 2% or 5.25%. You do not pay this rate. It just shows you could still handle payments if rates rose, so aim to stay comfortable at this higher number.
Over the full 25 years
At the end of your 5-year term
- Total paid over the term
- $291,721
- Principal paid down
- $116,030
- Interest paid
- $175,691
- Balance remaining
- $795,080
Talk to Team Asgarian about your options
Rates and programs change often. We will connect you with a trusted mortgage professional and build a plan that fits your budget and goals.
Estimates only, not a mortgage quote or pre-approval. Figures use Canadian semi-annual compounding, current minimum down-payment rules, CMHC premium tiers, and Ontario (plus Toronto, when selected) land transfer tax. Actual rates, taxes, insurance, and closing costs vary by lender and property. Confirm every number with your mortgage professional.
Investor snapshot
Thinking of this home as an investment? We will pull real comparable rents and run the full numbers with you.
Talk about the numbersEstimates only. Rent is modelled on above-grade size and local norms, so a finished basement or second suite (a separate entrance often means one) can push real rent well above this. Taxes, fees, and vacancy vary by property, and cap rate is before financing. A starting point, not a final number, let us run the real ones with you.
Helpful resources
All information deemed reliable but not guaranteed. For personal, non-commercial use only. Listing courtesy of COMFREE. MLS®/PropTx.