1002-55 Mercer Street, Toronto, ON
Waterfront Communities C1, Toronto · MLS® C13541416
About this home
Experience sophisticated downtown living in this rare 3-bedroom, 2-bathroom corner suite at the prestigious 55 Mercer Condos. Featuring 9-foot smooth ceilings, wide-plank laminate flooring, and expansive floor-to-ceiling corner windows, this bright and spacious residence is filled with natural light and showcases a contemporary open-concept design. The stylish chef-inspired kitchen is beautifully appointed with quartz countertops, integrated premium appliances, sleek cabinetry, and ample workspace, flowing seamlessly into the generous living and dining area-perfect for entertaining or relaxing in style. The primary bedroom offers a private retreat complete with a luxurious 4-piece ensuite and mirrored closet, while the two additional bedrooms feature large windows, mirrored closets, and flexible space ideal for family, guests, or a home office. A storage locker is included, along with complimentary high-speed internet for the first year.Situated in the heart of Toronto's vibrant Entertainment District, you'll be steps from world-class dining, cafés, theatres, shopping, the Financial District, the PATH, TTC, Rogers Centre, CN Tower, Scotiabank Arena, and countless lifestyle amenities.Residents enjoy an exceptional collection of luxury amenities, including a spectacular indoor pool, fully equipped fitness centre, yoga studio, sauna and steam rooms, party room, games room, conference centre, elegant dining room, visitor parking, and 24-hour concierge/security.An exceptional opportunity to enjoy luxury living in one of downtown Toronto's most desirable condominium residences.
Key facts
- Property type
- Condo Apartment, Apartment
- MLS®
- C13541416
- Bedrooms
- 3
- Bathrooms
- 2
- Size
- 900-999
- Cross streets
- King St W. And Blue Jays Way
- Parking
- 0 parking
- Basement
- None
- Heating
- Forced Air
- A/C
- Central Air
- Exterior
- Concrete
- Exposure
- South West
- Days on market
- 13
- Listing brokerage
- EXP REALTY
Rooms
laminate · large window · open concept
laminate · mirrored closet · large window
laminate · mirrored closet · 4 pc ensuite
laminate · open concept · combined w/kitchen
laminate · mirrored closet · large window
laminate · backsplash · quartz counter
Listed at $4,200/mo, this rental is right in line with comparable rentals. The number above is my independent estimate of value, not the asking price.
In Waterfront Communities C1 lately, landlords have been getting about 99% of asking and homes lease in about 18 days.
Based on 98 similar rentals that recently leased nearby, adjusted for size, beds, and baths.Median of 98 recently leased comparable homes — actual closing prices, not asks — adjusted for size, beds, and baths.
How I got there
Here is the exact math behind the estimate. I start from the closest comparable listing and adjust for the real differences (size, beds, baths) to land on a like-for-like value for this home.
- Closest comparable, leased for $3,800/mo
- Bedrooms +$150/mo
- Adjusts to $3,950/mo
That comparable adjusts to $3,950/mo; the $4,156/mo estimate above is the median of all 98 comparables, which is steadier than any single home.This estimate is grounded in actual lease prices from the last 15 months, not asking prices. Condition, finishes, and exact inclusions are still my in-person call.
The 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.
Total price vs nearby homes. Fair value about $4,156/mo, median of 98 comparables.
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.
- Pool: lifestyle appeal, but adds maintenance, insurance, and resale is mixed. Weigh carefully
- 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 active listings nearby.
See all comparable homesOn the market now.
View comparable listingsNot enough sq ft data to place this home on the area price curve.
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.
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 22, 2026); conventional rates run a little higher.
Mortgage amount $3,360 · 4.14% over 25 years
Total monthly cost
- Mortgage payment (monthly equivalent)
- $18
- Property tax
- $3
- Condo / maintenance fees
- $0
- Heating
- $0
- Estimated monthly cost
- $21
Add your own property tax, condo fees, and heating on the left for a sharper total.
One-time closing costs
- Ontario land transfer tax
- $21
- Toronto municipal land transfer tax
- $21
- Estimated closing costs
- $42
Plus your down payment of $840. 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
- $1,076
- Principal paid down
- $428
- Interest paid
- $648
- Balance remaining
- $2,932
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.
Helpful resources
All information deemed reliable but not guaranteed. For personal, non-commercial use only. Listing courtesy of EXP REALTY. MLS®/PropTx.