55 Mercer St #2807 is a 1-bedroom, 1-bathroom condo in Toronto, listed for $479,900. It has 0-499 sq ft of living space.
1Experience Downtown Living At Its Finest In This Stylish 1-Bedroom Suite At 55 Mercer!
2Featuring Large Windows, A Bright Open-Concept Layout And Sleek Built-In Stainless Steel Appliances.
3Ideally Located In The Heart Of Toronto's Entertainment District, Steps To King Street Transit, Restaurants, Cafes, Theatres, TIFE Bell Lightbox, Rogers Centre, CN Tower, The financial District And PATH
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Zara is an AI virtual agent. Advisors are licensed REALTORS® at Coldwell Banker Summit Realty, Brokerage.
1 Bed, 1 Bath Condo in Toronto
Unit 2807 at 55 Mercer Street
Experience Downtown Living At Its Finest In This Stylish 1-Bedroom Suite At 55 Mercer! Featuring Large Windows, A Bright Open-Concept Layout And Sleek Built-In Stainless Steel Appliances. Enjoy An Impressive Collection Of Amenities Including 24-Hour Concierge, State-Of-The-Art Fitness Centre With Peloton Pods, Yoga Studio, Sauna, Outdoor Basketball Court, Private Dining Room, Guest Suites, Party Room And Outdoor Lounge With BBQs And Firepit. Ideally Located In The Heart Of Toronto's Entertainment District, Steps To King Street Transit, Restaurants, Cafes, Theatres, TIFE Bell Lightbox, Rogers Centre, CN Tower, The financial District And PATH
1 bedroom, 1 bathroom, 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 #2807
Every detail from the listing, in one place.
Type
Condo
Style
Apartment
Living space
0-499 sq ftas stated on the listing
Basement
None
Features & systems
Parking & garage
Garage
Yes
Parking spaces
0
Interior
Basement
None
Lot & land
Lot size (sqft)
0
Listing & possession
Property style
Apartment
Property class
Condo Apartment
55 Mercer St #2807 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
$2,358
/mo
based on the purchase price of $479,900
$95,980 cash
$383,920 financed
$323,361 total interest
Principal54%$383,920
Interest46%$323,361
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.
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.
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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 $480K.
Average days on market31Homes sold in about 31 days on average.
Sale-to-list ratio5039.8%On average, homes sold at or above asking.
Active listings12,916Homes for sale here right now.
Median vs prior 90 days+2.8%Compared with Apr 18 – Jul 17, 2026: prices up.
Based on 9,411 sales from Jul 17 – Oct 15, 2026 (6,682 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 · 7 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 #2807 is listed at $479,900 (MLS® C13673596). Summitly updates the price as soon as the MLS® record changes.
Has the price of 55 Mercer St #2807 changed?
Yes — it was first listed at $499,900 and is now $479,900, a drop of $20,000 (4.0%).
How many bedrooms and bathrooms does 55 Mercer St #2807 have?
55 Mercer St #2807 has 1 bedroom and 1 bathroom, with about 0–499 square feet of living space. It is a condo in Toronto.
Is 55 Mercer St #2807 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 #2807?
About $2,358 a month — principal and interest on $479,900 with 20% down ($95,980), 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 #2807 compare with other homes in Toronto?
Its asking price of $479,900 is about 43% below the median sold price in Toronto over the last 90 days, $849,000, across 9,411 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 #2807 been sold before?
Yes — Summitly has 1 earlier MLS® listing of 55 Mercer St #2807 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 55 Mercer St #2807?
55 Mercer St #2807 is in Toronto, ON. Schools, transit, parks and shops nearby are under Location & lifestyle on this page.
How long has 55 Mercer St #2807 been on the market?
63 days — 55 Mercer St #2807 was listed on August 13, 2026.
What is the price per square foot of 55 Mercer St #2807?
About $962 per square foot: the asking price of $479,900 over the 0–499 sq ft the listing gives.
Does 55 Mercer St #2807 have parking or a garage?
Garage: Yes.
Does 55 Mercer St #2807 have a basement, and is it finished?
The listing says 55 Mercer St #2807 has no basement.
