Toronto, ON · M5V 3W2 · MLS® C13028614Updated
$579,000Est. $2,844/mo mortgage
55 Mercer St #601 is a 1-bedroom, 2-bathroom condo in Toronto, listed for $579,000. It has 500-599 sq ft of living space.
Coldwell Banker Summit Realty, BrokerageZara is an AI virtual agent. Advisors are licensed REALTORS® at Coldwell Banker Summit Realty, Brokerage.
Enjoy refined downtown living at 55 Mercer with this well-designed 1+den, 2 full bathroom suite. The layout is both practical and versatile, featuring a primary bedroom with a 3-piece ensuite and a separate den that can easily function as a second bedroom or home office.Residents have access to an impressive selection of amenities, including a private dining space, screening room, BBQ terrace, sauna, and a fully equipped fitness centre.Located in the heart of the city, this is a fantastic opportunity to experience modern condo living with comfort, convenience, and style.
1 bedroom, 2 bathrooms, about 500 sq ft, works out to roughly $1,158 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.
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Earlier listings of this property, list-price changes, and the most recent annual property tax on the listing.
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Closed sales on the TRREB MLS®.
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39 Queens Quay
1 bd · 2 ba · Condo
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150 Logan Avenue
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100 Dalhousie Street
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27 Bathurst Street
2 bd · 2 ba · Condo
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85 Skymark Drive
1 bd · 1 ba · Condo
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399 Spring Garden Avenue
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6 nearby sales vs. this home
Closed sales from MLS®, compared with this home's asking price.
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| Home | Sold price | $ / sqft | % of asking | Sold |
|---|---|---|---|---|
This homeUnit 601 — 55 Mercer Street 1 bd · 2 ba · 500 sqft | $579,000asking | $1,158 | — | — |
| 39 Queens Quay 1 bd · 2 ba · 700 sqft | ||||
| 150 Logan Avenue 3 bd · 2 ba · 1,000 sqft | ||||
| 100 Dalhousie Street 2 bd · 2 ba · 800 sqft | ||||
| 27 Bathurst Street 2 bd · 2 ba · 600 sqft | ||||
| 85 Skymark Drive 1 bd · 1 ba · 1,400 sqft | ||||
| 399 Spring Garden Avenue 1 bd · 1 ba · 500 sqft |
1 bd · 2 ba · 700 sqft
3 bd · 2 ba · 1,000 sqft
2 bd · 2 ba · 800 sqft
2 bd · 2 ba · 600 sqft
1 bd · 1 ba · 1,400 sqft
1 bd · 1 ba · 500 sqft
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From 55 Mercer St #601. Typical times without traffic delays; transit times aren't available yet.
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20% down · 25-yr amortization · 5.50% rate. Principal & interest only — taxes, condo fees, and insurance not included.
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Figures are Summitly estimates for illustration only — not from TRREB or the MLS® feed, and not a mortgage approval, appraisal, or financial advice.
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.
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Listing brokerage: KELLER WILLIAMS EDGE REALTY, BrokerageMLS® C13028614 · Listing data last updated
Listing data comes from the Toronto Regional Real Estate Board (TRREB) and is deemed reliable but not guaranteed. Shown on Summitly by Coldwell Banker Summit Realty, Brokerage, which is not the listing brokerage. The information provided herein must only be used by consumers that have a bona fide interest in the purchase, sale, or lease of real estate and may not be used for any commercial purpose or any other purpose. © 2026 Toronto Regional Real Estate Board. All rights reserved.
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.
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Based on 9,128 sales from Aug 9 – Nov 7, 2026 (7,132 in the prior 90 days). Aggregate MLS® figures for closed sales; individual sold prices are shown only to signed-in members.
7 for sale · 6 for rent at 55 Mercer St — plus its sale and lease history.
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For saleStations and stops, straight-line distance
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890 m11 min· Line 1, Barrie GO, Kitchener GO, Lakeshore East GO, Lakeshore West GO, Milton GO, Richmond Hill GO, Stouffville GO, UP Express
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55 Mercer St #601 is listed at $579,000 (MLS® C13028614). Summitly updates the price as soon as the MLS® record changes.
Summitly rates it Well Above Market: the asking price is 15% or more 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
Yes — it was first listed at $610,000 and is now $579,000, a drop of $31,000 (5.1%).
55 Mercer St #601 has 1 bedroom and 2 bathrooms, with about 500–599 square feet of living space. It is a condo in Toronto.
The nearest rapid-transit station is St. Andrew Station (Line 1), about 590 m (about a 7-minute walk) in a straight line. Osgoode Station is about 720 m (about a 9-minute walk), and Union Station is about 890 m (about a 11-minute walk). Distances are straight-line, not walking routes; check the transit agency for routes and schedules.
About $2,844 a month — principal and interest on $579,000 with 20% down ($115,800), 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.
Its asking price of $579,000 is about 31% below the median sold price in Toronto over the last 90 days, $844,450, across 9,128 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.
Yes — Summitly has 1 earlier MLS® listing of 55 Mercer St #601 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.
55 Mercer St #601 is in Toronto, ON. Schools, transit, parks and shops nearby are under Location & lifestyle on this page.
199 days — 55 Mercer St #601 was listed on April 22, 2026.
About $967 to $1,158 per square foot: the asking price of $579,000 over the 500–599 sq ft the listing gives as its size range.
The listing says 55 Mercer St #601 has no basement.
