Welcome To 55 Mercer, Nestled In The Heart Of The Entertainment District. This Brand New 1 Bedroom 515 Sqft. With Open-Concept Layout Seamlessly Connects The Living, Dining, And Kitchen Areas, Perfect For Entertaining Or Relaxing. Large Windows Flood TheSpace With Natural Light, Creating An Inviting Atmosphere. Enjoy Access To 3 Floors Of State-Of-The-Art Fitness Facilities, Co-Working Spaces,Rooftop Garden, And Party Room. Steps Away From TIFF, Rogers Centre, And CN Tower, Nobu, Along With World-Class Shopping, Restaurants,And Cafes. *Experience The Best Of City Living Today!* Brand New And Covered By Full TARION Warranty!
1 bedroom, 1 bathroom, about 500 sq ft, works out to roughly $830 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 55 Mercer St #318
Every detail from the listing, in one place.
Type
Condo
Style
Apartment
Living space
500-599 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
55 Mercer St #318 Price & Sale History
Earlier listings of this property, list-price changes, and the most recent annual property tax on the listing.
For saleListedThis listingMLS® C13673490$415,000
Sourced from MLS®. Includes earlier listings of this property on record.
What's it worth?
How 55 Mercer St #318 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
$2,039
/mo
based on the purchase price of $415,000
$83,000 cash
$332,000 financed
$279,631 total interest
Principal54%$332,000
Interest46%$279,631
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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Zara · AI virtual agent
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Your agent shows you the home, checks the paperwork and negotiates your offer, on your side, not the seller's.
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 $415K.
Average days on market31Homes sold in about 31 days on average.
Sale-to-list ratio4931.9%On average, homes sold at or above asking.
Active listings12,173Homes for sale here right now.
Median vs prior 90 days+1.2%Compared with Apr 28 – Jul 27, 2026: prices up.
Based on 9,621 sales from Jul 27 – Oct 25, 2026 (6,856 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
10 for sale · 6 for rent at 55 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 Express890 m11 min walk
Loading schools, parks, groceries and more nearby…
Transit
St. Andrew Station (Line 1)7 min walk
Osgoode Station (Line 1)9 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)11 min walk
Nearest subway, GO and LRT stations first, then bus and streetcar stops.
55 Mercer St #318 is listed at $415,000 (MLS® C13673490). Summitly updates the price as soon as the MLS® record changes.
Is $415,000 a good price for 55 Mercer St #318?
Summitly rates it Good Deal: the asking price is 3% to 10% 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 55 Mercer St #318 changed?
No — 55 Mercer St #318 is still listed at its original asking price of $415,000.
How many bedrooms and bathrooms does 55 Mercer St #318 have?
55 Mercer St #318 has 1 bedroom and 1 bathroom, with about 500–599 square feet of living space. It is a condo in Toronto.
Is 55 Mercer St #318 close to transit?
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.
How much would the monthly mortgage be on 55 Mercer St #318?
About $2,039 a month — principal and interest on $415,000 with 20% down ($83,000), 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 55 Mercer St #318 compare with other homes in Toronto?
Its asking price of $415,000 is about 51% below the median sold price in Toronto over the last 90 days, $845,000, across 9,621 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 55 Mercer St #318 been sold before?
Summitly has no earlier MLS® sale or lease of 55 Mercer St #318 on record from the last two years. Older records aren't shown under TRREB rules.
Where is 55 Mercer St #318?
55 Mercer St #318 is in Toronto, ON. Schools, transit, parks and shops nearby are under Location & lifestyle on this page.
How long has 55 Mercer St #318 been on the market?
73 days — 55 Mercer St #318 was listed on August 13, 2026.
What is the price per square foot of 55 Mercer St #318?
About $693 to $830 per square foot: the asking price of $415,000 over the 500–599 sq ft the listing gives as its size range.
Does 55 Mercer St #318 have a basement, and is it finished?
The listing says 55 Mercer St #318 has no basement.
