Welcome to 55 Mercer Luxury Residence, this upgraded corner unit is situated in a perfect location. Boasting with 3 bedrooms, 2 bathrooms with 9' ceiling and large windows in every room with upgraded closet doors. Floor-to-ceiling windows flood the home with natural light while showcasing spectacular city views from every room. located steps from King West, the Financial District, Rogers Centre, and the city's best restaurants, shopping, and entertainment. Residents enjoy world-class amenities across three levels, including a state-of-the-art fitness centre with Peloton pods and HIIT training zones, yoga studio, infrared cedar saunas, co-working spaces, boardrooms, landscaped outdoor terraces, basketball half-court, BBQ areas and a dog run. Parking and locker included. A rare opportunity to own a high-floor corner residence with iconic skyline views in the heart of downtown Toronto. One Parking and One Locker included
3 bedrooms, 2 bathrooms, about 800 sq ft, works out to roughly $1,124 per square foot. Chat with Zara if you'd like a deeper read on whether this condo fits your budget and timing.
Inside 55 Mercer St #1202
Every detail from the listing, in one place.
Type
Condo
Style
Apartment
Living space
800-899 sq ftas stated on the listing
Parking
1 spaceYes garage
Basement
None
Features & systems
Parking & garage
Garage
Yes
Parking spaces
1
Interior
Basement
None
Lot & land
Lot size (sqft)
0
Listing & possession
Property style
Apartment
Property class
Condo Apartment
55 Mercer St #1202 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
$4,417
/mo
based on the purchase price of $899,000
$179,800 cash
$719,200 financed
$605,755 total interest
Principal54%$719,200
Interest46%$605,755
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 2–3 bed homes for sale in Toronto around $899K.
Average days on market32Homes sold in about 32 days on average.
Sale-to-list ratio5138.8%On average, homes sold at or above asking.
Active listings12,178Homes for sale here right now.
Median vs prior 90 days+0.8%Compared with Apr 26 – Jul 25, 2026: prices up.
Based on 9,226 sales from Jul 25 – Oct 23, 2026 (6,811 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 · 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 #1202 is listed at $899,000 (MLS® C13750202). Summitly updates the price as soon as the MLS® record changes.
Is $899,000 a good price for 55 Mercer St #1202?
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
Has the price of 55 Mercer St #1202 changed?
Yes — it was first listed at $999,000 and is now $899,000, a drop of $100,000 (10.0%).
How many bedrooms and bathrooms does 55 Mercer St #1202 have?
55 Mercer St #1202 has 3 bedrooms and 2 bathrooms, with about 800–899 square feet of living space. It is a condo in Toronto.
Is 55 Mercer St #1202 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 #1202?
About $4,417 a month — principal and interest on $899,000 with 20% down ($179,800), 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 55 Mercer St #1202 compare with other homes in Toronto?
Its asking price of $899,000 is about 7% above the median sold price in Toronto over the last 90 days, $842,000, across 9,226 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 #1202 been sold before?
Summitly has no earlier MLS® sale or lease of 55 Mercer St #1202 on record from the last two years. Older records aren't shown under TRREB rules.
Where is 55 Mercer St #1202?
55 Mercer St #1202 is in Toronto, ON. Schools, transit, parks and shops nearby are under Location & lifestyle on this page.
How long has 55 Mercer St #1202 been on the market?
47 days — 55 Mercer St #1202 was listed on September 6, 2026.
What is the price per square foot of 55 Mercer St #1202?
About $1,000 to $1,124 per square foot: the asking price of $899,000 over the 800–899 sq ft the listing gives as its size range.
Does 55 Mercer St #1202 have parking or a garage?
Yes — the listing gives 1 parking space. Garage: Yes.
