Rare 631 sqft corner 1+Den suite at the prestigious NOBU Residences Toronto, offered at one of the lowest price-per-square-foot opportunities currently available in the building, with monthly maintenance fees conveniently less than $0.77 per sqft. The functional layout features 9 ft ceilings and a spacious den ideal for a home office or flexible guest space. Modern kitchen with built-in high-end appliances, ambient lighting, and generous storage. The bedroom includes blackout window coverings, and the unit comes with all existing window coverings. Residents enjoy access to the building's amenities, including state-of-the-art facilities, while world-class dining is available nearby with the NOBU restaurant. Direct access to Toronto's vibrant Entertainment District and nearby transit, including PATH connectivity, completes the package. An exceptional opportunity for both investors and homeowners seeking the energy and convenience of downtown Toronto.
1 bedroom, 1 bathroom, about 600 sq ft, works out to roughly $778 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 #525
Every detail from the listing, in one place.
Type
Condo
Style
Apartment
Living space
600-699 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 #525 Price & Sale History
Earlier listings of this property, list-price changes, and the most recent annual property tax on the listing.
For saleListedThis listingMLS® C14149546$467,000
Sourced from MLS®. Includes earlier listings of this property on record.
What's it worth?
How 15 Mercer St #525 Compares to the Toronto Market
Zara compares it with recent sales of similar homes nearby. It's a guide, not an appraisal.
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
$2,294
/mo
based on the purchase price of $467,000
$93,400 cash
$373,600 financed
$314,669 total interest
Principal54%$373,600
Interest46%$314,669
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 1–3 bed homes for sale in Toronto around $467K.
Average days on market32Homes sold in about 32 days on average.
Sale-to-list ratio5185.0%On average, homes sold at or above asking.
Active listings12,165Homes for sale here right now.
Median vs prior 90 days−0.2%Compared with May 8 – Aug 6, 2026: prices down.
Based on 9,142 sales from Aug 6 – Nov 4, 2026 (7,119 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 · 4 for rent at 15 Mercer St — plus its sale and lease history.
15 Mercer St #525 is listed at $467,000 (MLS® C14149546). Summitly updates the price as soon as the MLS® record changes.
Is $467,000 a good price for 15 Mercer St #525?
Summitly rates it Excellent Deal: the asking price is 10% or more below 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 #525 changed?
No — 15 Mercer St #525 is still listed at its original asking price of $467,000.
How many bedrooms and bathrooms does 15 Mercer St #525 have?
15 Mercer St #525 has 1 bedroom and 1 bathroom, with about 600–699 square feet of living space. It is a condo in Toronto.
How much would the monthly mortgage be on 15 Mercer St #525?
About $2,294 a month — principal and interest on $467,000 with 20% down ($93,400), 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 #525 compare with other homes in Toronto?
Its asking price of $467,000 is about 44% below the median sold price in Toronto over the last 90 days, $840,000, across 9,142 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 #525 been sold before?
Summitly has no earlier MLS® sale or lease of 15 Mercer St #525 on record from the last two years. Older records aren't shown under TRREB rules.
Where is 15 Mercer St #525?
15 Mercer St #525 is in Toronto, ON. Schools, transit, parks and shops nearby are under Location & lifestyle on this page.
How long has 15 Mercer St #525 been on the market?
15 Mercer St #525 was listed today (November 4, 2026).
What is the price per square foot of 15 Mercer St #525?
About $668 to $778 per square foot: the asking price of $467,000 over the 600–699 sq ft the listing gives as its size range.
Does 15 Mercer St #525 have a basement, and is it finished?
The listing says 15 Mercer St #525 has no basement.
What is the land transfer tax on 15 Mercer St #525?
About $11,630 at the asking price of $467,000: $5,815 Ontario land transfer tax plus $5,815 Toronto municipal land transfer tax. First-time buyers can get up to $4,000 back from Ontario and up to $4,475 from Toronto. Legal fees and other closing costs are extra.
