Live where the city happens. This one-bedroom at the Mercer, 8 Mercer Street, sits on a cobblestone street in the Entertainment District, steps from King West dining, TIFF Bell Lighthouse and the theatres. Rogers Centre, the CN Tower, PATH and St. Andrew TTC Subway Station are an easy walk away. Hardwood throughout. The 2015 Graywood tower offers 24-hour concierge, fitness, a party room and rooftop terrace. Discover why living here feels like having the best seat in the city. Suite 517 is ready to welcome you home.
1 bedroom, 1 bathroom, about 500 sq ft, works out to roughly $878 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 8 Mercer St #517
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
8 Mercer St #517 Price & Sale History
Earlier listings of this property, list-price changes, and the most recent annual property tax on the listing.
For saleListedThis listingMLS® C14159622$439,000
Sourced from MLS®. Includes earlier listings of this property on record.
What's it worth?
How 8 Mercer St #517 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
$2,157
/mo
based on the purchase price of $439,000
$87,800 cash
$351,200 financed
$295,803 total interest
Principal54%$351,200
Interest46%$295,803
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.
For homeowners nearby
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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 $439K.
Average days on market32Homes sold in about 32 days on average.
Sale-to-list ratio5192.3%On average, homes sold at or above asking.
Active listings11,863Homes for sale here right now.
Median vs prior 90 days+0.5%Compared with May 11 – Aug 9, 2026: prices up.
Based on 9,129 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.
More in this building
3 for sale · 4 for rent at 8 Mercer St — plus its sale and lease history.
8 Mercer St #517 is listed at $439,000 (MLS® C14159622). Summitly updates the price as soon as the MLS® record changes.
Is $439,000 a good price for 8 Mercer St #517?
Summitly rates it Fair Price: the asking price is Within 3% below to 5% 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 8 Mercer St #517 changed?
No — 8 Mercer St #517 is still listed at its original asking price of $439,000.
How many bedrooms and bathrooms does 8 Mercer St #517 have?
8 Mercer St #517 has 1 bedroom and 1 bathroom, with about 500–599 square feet of living space. It is a condo in Toronto.
How much would the monthly mortgage be on 8 Mercer St #517?
About $2,157 a month — principal and interest on $439,000 with 20% down ($87,800), 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 8 Mercer St #517 compare with other homes in Toronto?
Its asking price of $439,000 is about 48% below the median sold price in Toronto over the last 90 days, $844,000, across 9,129 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 8 Mercer St #517 been sold before?
Summitly has no earlier MLS® sale or lease of 8 Mercer St #517 on record from the last two years. Older records aren't shown under TRREB rules.
Where is 8 Mercer St #517?
8 Mercer St #517 is in Toronto, ON. Schools, transit, parks and shops nearby are under Location & lifestyle on this page.
How long has 8 Mercer St #517 been on the market?
1 day — 8 Mercer St #517 was listed on November 6, 2026.
What is the price per square foot of 8 Mercer St #517?
About $733 to $878 per square foot: the asking price of $439,000 over the 500–599 sq ft the listing gives as its size range.
Does 8 Mercer St #517 have a basement, and is it finished?
The listing says 8 Mercer St #517 has no basement.
What is the land transfer tax on 8 Mercer St #517?
About $10,510 at the asking price of $439,000: $5,255 Ontario land transfer tax plus $5,255 Toronto municipal land transfer tax. First-time buyers can get up to $4,000 back from Ontario and up to $4,475 from Toronto. Legal fees and other closing costs are extra.