55 Mercer St #509, Toronto

Name: 55 Mercer Street, Unit 509
SKU: C14113248
Price: 999900 CAD
Availability: InStock

3 Bed, 2 Bath Condo in Toronto

Unit 509 at 55 Mercer Street

RARE 3+1 Bedroom with parking & locker in the heart of downtown toronto!** Welcome to the prestigious No. 55 Mercer Residences, where luxury, space and urban convenience come together! Offering approximately 1,050 sq. ft. of living space, this exceptional 3+1 bedroom, 2 bathroom suite delivers a rare combination of size, versatility and functionality in Toronto's vibrant Entertainment District. Three bedrooms plus a flexible den offer ample space for families, professionals, guests or a home office. Complete with ONE PARKING SPACE AND LOCKER, highly sought-after conveniences in the downtown core! Experience an extraordinary lifestyle with approximately 18,000 sq. ft. of indoor and outdoor amenities spanning three levels, including a stunning FENDI-furnished lobby, 24-hour concierge, state-of-the-art fitness centre, Peloton bikes, yoga studio, sauna, outdoor fitness area, basketball court, co-working spaces, boardroom, private dining and entertainment areas, guest suites, outdoor lounges, BBQ facilities and fire pits. Enjoy the best of downtown living with King West, the Financial District, PATH network, TTC, Union Station, Rogers Centre, CN Tower, Scotiabank Arena, theatres, shopping, exceptional restaurants and Toronto's waterfront all within easy reach. Whether you're working from home, raising a family, entertaining or investing, this spacious residence offers the perfect balance of comfort, convenience and an exciting urban lifestyle. **AN Outstanding opportunity to own a spacious 3+1 bedroom residence with parking and locker in one of toronto's most exciting downtown communities!

3 bedrooms, 2 bathrooms, about 1,000 sq ft, works out to roughly $1,000 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 #509

Every detail from the listing, in one place.

Type: Condo
Style: 1 Storey/Apt
Living space: 1000-1199 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: 1 Storey/Apt
Property class: Condo Apartment

55 Mercer St #509 Price & Sale History

Earlier listings of this property, list-price changes, and the most recent annual property tax on the listing.

Oct 23, 2026For saleListedThis listingMLS® C14113248$999,900
LeasedPreviously listedMLS® C12670172View listing (opens in a new tab)

See what it sold for, free. Board rules need a free account before we can show sold and past prices.

Sourced from MLS®. Includes earlier listings of this property on record.

What's it worth?

How 55 Mercer St #509 Compares to the Toronto Market

Zara compares it with recent sales of similar homes nearby. It's a guide, not an appraisal.

Zara’s estimate

Above Market· based on 15,688 recent sales

Value your own home →How accurate are Zara’s estimates?

Summitly estimate, not from TRREB, the MLS® or the listing brokerage. Not an appraisal. How it works

Toronto market, last 90 days

Median sold price: $845,000
Average sold price: $1,081,664
Average days on market: 31
Homes sold: 9,624

Closed sales on the TRREB MLS®.

Full Toronto market report

Market pulse · Toronto

Toronto market

Median sold price$845,000Last 90 days
Average days on market31Homes sold in about 31 days on average.
Sale-to-list ratio4930.4%On average, homes sold at or above asking.
Active listings12,828Homes for sale here right now.
Median vs prior 90 days+1.2%Compared with Apr 27 – Jul 26, 2026: prices up.

Based on 9,624 sales from Jul 26 – Oct 24, 2026 (6,804 in the prior 90 days). Aggregate MLS® figures for closed sales; individual sold prices are shown only to signed-in members.

Recently sold nearby in Toronto

Sold prices are shown free to signed-in members, as board rules require.

6 nearby sales vs. this home

Closed sales from MLS®, compared with this home's asking price.

See what these homes actually sold for

Free with a Summitly account. Sign in once and sold prices unlock across the site.

Home	Sold price	$ / sqft	% of asking	Sold
This homeUnit 509 — 55 Mercer Street 3 bd · 2 ba · 1,000 sqft	$999,900asking	$1,000	—	—
32 Trolley Crescent 2 bd · 2 ba · 700 sqft
7 Lorraine Drive 2 bd · 2 ba · 800 sqft
21 Overlea Boulevard 2 bd · 2 ba · 900 sqft
17 Bathurst Street 2 bd · 2 ba · 600 sqft
18 Graydon Hall Drive 2 bd · 2 ba · 700 sqft
101 Peter Street 2 bd · 2 ba · 700 sqft

32 Trolley Crescent
2 bd · 2 ba · 700 sqft
7 Lorraine Drive
2 bd · 2 ba · 800 sqft
21 Overlea Boulevard
2 bd · 2 ba · 900 sqft
17 Bathurst Street
2 bd · 2 ba · 600 sqft
18 Graydon Hall Drive
2 bd · 2 ba · 700 sqft
101 Peter Street
2 bd · 2 ba · 700 sqft

More in this building

10 for sale · 6 for rent at 55 Mercer St — plus its sale and lease history.

See all of 55 Mercer St

Living in Toronto: Location & Amenities

Transit, schools, parks and everyday places near this home. Select any place to open it on Google Maps.

Transit nearby

Stations and stops, straight-line distance

St. Andrew StationLine 1590 m7 min walk
Osgoode StationLine 1720 m9 min walk
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

Places from OpenStreetMap (© OpenStreetMap contributors) and Summitly's station list. Distances are straight-line, not routes.

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.

St. Andrew Station
590 m7 minClosest· Line 1
Homes near St. Andrew Station
Osgoode Station
720 m9 min· Line 1
Homes near Osgoode Station
Union Station
890 m11 min· Line 1, Barrie GO, Kitchener GO, Lakeshore East GO, Lakeshore West GO, Milton GO, Richmond Hill GO, Stouffville GO, UP Express
Homes near Union Station

Straight-line distances from the listing; walking times assume about 80 m a minute. Places © OpenStreetMap contributors, a community-maintained map that may miss or misplace some places. Directions and place details open on Google Maps.

How long is your commute?

From 55 Mercer St #509. Typical times without traffic delays; transit times aren't available yet.

Costs, Mortgage & Rental Return for 55 Mercer St #509

What it could cost each month, today's rates from our mortgage partner, and what it could return as a rental.

Mortgage: $4,912; 20% down · 25 years · 5.5% assumed
Property tax: $550; 0.66% mill rate · ON
Total per month: $5,462; Before utilities, insurance and fees

Figures are Summitly estimates for illustration only — not from TRREB or the MLS® feed, and not a mortgage approval, appraisal, or financial advice.

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Monthly cost

Enter a rate to see the monthly cost

Down payment

Rate (%)

Years

An estimate, not a quote. Utilities and insurance are extra.

Affordability calculator

Estimated monthly payment

$4,912

/mo

based on the purchase price of $999,900

Down payment20%

$199,980 cash

Amortization25 yr

$799,920 financed

Rate5.50%

$673,743 total interest

Principal54%$799,920

Interest46%$673,743

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.

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Questions About 55 Mercer St #509

How much is 55 Mercer St #509 listed for?

55 Mercer St #509 is listed at $999,900 (MLS® C14113248). Summitly updates the price as soon as the MLS® record changes.

Is $999,900 a good price for 55 Mercer St #509?

Summitly rates it Above Market: the asking price is 5% to 15% 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 #509 changed?

No — 55 Mercer St #509 is still listed at its original asking price of $999,900.

How many bedrooms and bathrooms does 55 Mercer St #509 have?

55 Mercer St #509 has 3 bedrooms and 2 bathrooms, with about 1,000–1,199 square feet of living space. It is a condo in Toronto.

Is 55 Mercer St #509 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 #509?

About $4,912 a month — principal and interest on $999,900 with 20% down ($199,980), 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 #509 compare with other homes in Toronto?

Its asking price of $999,900 is about 18% above the median sold price in Toronto over the last 90 days, $845,000, across 9,624 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 #509 been sold before?

Yes — Summitly has 1 earlier MLS® listing of 55 Mercer St #509 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 #509?

55 Mercer St #509 is in Toronto, ON. Schools, transit, parks and shops nearby are under Location & lifestyle on this page.

How long has 55 Mercer St #509 been on the market?

1 day — 55 Mercer St #509 was listed on October 23, 2026.

What is the price per square foot of 55 Mercer St #509?

About $834 to $1,000 per square foot: the asking price of $999,900 over the 1,000–1,199 sq ft the listing gives as its size range.

Does 55 Mercer St #509 have parking or a garage?

Yes — the listing gives 1 parking space. Garage: Yes.

What you should know