Experience luxury downtown living at the iconic Nobu Residences. This bright and functional 2-bedroom, 2-bathroom suite offers 719 sq. ft. of thoughtfully designed living space with unobstructed city views. Enjoy a spectacular skyline outlook, including views toward the renowned Toronto International Film Festival (TIFF) district.Located in one of Toronto's most prestigious mixed-use developments, you're just steps from Union Station, the waterfront, TTC transit, world-class restaurants, theatres, Rogers Centre, Scotiabank Arena, and the Financial District.
2 bedrooms, 2 bathrooms, about 700 sq ft, works out to roughly $899 per square foot, the bed-to-bath ratio is generous. Chat with Zara if you'd like a deeper read on whether this condo fits your budget and timing.
Inside 15 Mercer St #1605
Every detail from the listing, in one place.
Type
Condo
Style
Apartment
Living space
700-799 sq ftas stated on the listing
Basement
None
Features & systems
Parking & garage
Parking spaces
0
Interior
Basement
None
Lot & land
Lot size (sqft)
0
Listing & possession
Property style
Apartment
Property class
Condo Apartment
15 Mercer St #1605 Price & Sale History
Earlier listings of this property, list-price changes, and the most recent annual property tax on the listing.
Independent mortgage broker · OAC · rates subject to change and underwritingMortgage Squad →
Referral disclosure: Summitly may refer you to Mortgage Squad Advisors, an affiliated mortgage partner. You are free to choose any lender or mortgage professional.
Monthly cost
Enter a rate to see the monthly cost
An estimate, not a quote. Utilities and insurance are extra.
Affordability calculator
Estimated monthly payment
$3,090
/mo
based on the purchase price of $629,000
$125,800 cash
$503,200 financed
$423,826 total interest
Principal54%$503,200
Interest46%$423,826
20% down · 25-yr amortization · 5.50% rate. Principal & interest only — taxes, condo fees, and insurance not included.
Want rate-drop alerts and a saved shortlist?
Figures are Summitly estimates for illustration only — not from TRREB or the MLS® feed, and not a mortgage approval, appraisal, or financial advice.
Rental income potential
Est. monthly rent
low–high
Gross yield
rent × 12 ÷ price
Cap rate (est.)
net of tax + fees
Summitly AI estimate for discussion only — not from TRREB or the MLS® feed, and not an appraisal or investment advice. Yield and cap rate are derived from the estimated rent versus the asking price.
For homeowners nearby
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Mortgage financing is arranged through Mortgage Squad Advisors. Summitly is the technology platform that powers this site. Estimated values, AI insights, calculator results, and rental projections shown on this page are generated by Summitly and are not provided by, reviewed by, or sourced from TRREB, the MLS®, or the listing brokerage; they are not appraisals or opinions of value. The trademarks REALTOR®, REALTORS®, and the REALTOR® logo are controlled by the Canadian Real Estate Association (CREA) and identify real estate professionals who are members of CREA. The Coldwell Banker® name and logo are trademarks of Coldwell Banker Real Estate LLC.
Similar homes for sale nearby in Toronto
Other 1–2 bed homes for sale in Toronto around $629K.
Average days on market32Homes sold in about 32 days on average.
Sale-to-list ratio5114.8%On average, homes sold at or above asking.
Active listings12,802Homes for sale here right now.
Median vs prior 90 days0.0%Compared with May 4 – Aug 2, 2026.
Based on 9,270 sales from Aug 2 – Oct 31, 2026 (6,989 in the prior 90 days). Aggregate MLS® figures for closed sales; individual sold prices are shown only to signed-in members.
More in this building
9 for sale · 3 for rent at 15 Mercer St — plus its sale and lease history.
Union StationLine 1, Barrie GO, Kitchener GO, Lakeshore East GO, Lakeshore West GO, Milton GO, Richmond Hill GO, Stouffville GO, UP Express820 m10 min walk
Loading schools, parks, groceries and more nearby…
Transit
St. Andrew Station (Line 1)6 min walk
Osgoode Station (Line 1)8 min walk
Union Station (Line 1, Barrie GO, Kitchener GO, Lakeshore East GO, Lakeshore West GO, Milton GO, Richmond Hill GO, Stouffville GO, UP Express)10 min walk
Nearest subway, GO and LRT stations first, then bus and streetcar stops.
15 Mercer St #1605 is listed at $629,000 (MLS® C14134816). Summitly updates the price as soon as the MLS® record changes.
Is $629,000 a good price for 15 Mercer St #1605?
Summitly rates it Fair Price: the asking price is Within 3% below to 5% above Zara's estimate, an estimate built from recent sales in Toronto. The rating is an automated opinion, not an appraisal; "What's it worth?" on this page shows how it is worked out. See Zara's estimate
Has the price of 15 Mercer St #1605 changed?
No — 15 Mercer St #1605 is still listed at its original asking price of $629,000.
How many bedrooms and bathrooms does 15 Mercer St #1605 have?
15 Mercer St #1605 has 2 bedrooms and 2 bathrooms, with about 700–799 square feet of living space. It is a condo in Toronto.
Is 15 Mercer St #1605 close to transit?
The nearest rapid-transit station is St. Andrew Station (Line 1), about 510 m (about a 6-minute walk) in a straight line. Osgoode Station is about 660 m (about a 8-minute walk), and Union Station is about 820 m (about a 10-minute walk). Distances are straight-line, not walking routes; check the transit agency for routes and schedules.
How much would the monthly mortgage be on 15 Mercer St #1605?
About $3,090 a month — principal and interest on $629,000 with 20% down ($125,800), a 25-year amortization and an assumed 5.5% interest rate. The mortgage calculator on this page lets you change the down payment, amortization and rate.
How does 15 Mercer St #1605 compare with other homes in Toronto?
Its asking price of $629,000 is about 25% below the median sold price in Toronto over the last 90 days, $840,000, across 9,270 closed sales on the TRREB MLS®. A city median mixes every type and size of home, so the comparable sales on this page are the closer guide.
Has 15 Mercer St #1605 been sold before?
Yes — Summitly has 1 earlier MLS® listing of 15 Mercer St #1605 on record. Their prices and dates are shown to signed-in members under TRREB rules: sign in free to see them in the Listing history above.
Where is 15 Mercer St #1605?
15 Mercer St #1605 is in Toronto, ON. Schools, transit, parks and shops nearby are under Location & lifestyle on this page.
How long has 15 Mercer St #1605 been on the market?
1 day — 15 Mercer St #1605 was listed on October 30, 2026.
What is the price per square foot of 15 Mercer St #1605?
About $787 to $899 per square foot: the asking price of $629,000 over the 700–799 sq ft the listing gives as its size range.
Does 15 Mercer St #1605 have a basement, and is it finished?
The listing says 15 Mercer St #1605 has no basement.
