$1,950/mo - 15 Mercer Street Unit 711 (Master Bedroom), Downtown Toronto
Condo for Rent in Downtown Toronto
New — Listed 4 days agoNeighbourhood: Waterfront Communities C1
- MLS Number
- C13521990
- Property Type
- Condo
- Status
- active
- Days on Site
- 4
- Bedrooms
- 3
- Bathrooms
- 1
- Square Feet
- 800 sqft
- Neighbourhood
- Downtown Toronto / Waterfront
- Locker
- None
- Exposure
- North
- Balcony
- None
- Listing Brokerage
- TRUSTWELL REALTY INC.
Experience elevated downtown living in this sophisticated 2-bedroom +Den residence at the prestigious Nobu Residences. Thoughtfully designed with contemporary elegance, this spacious suite offers an exceptional blend of style, comfort, and functionality. The open-concept living and dining area is bathed in natural light, complemented by sleek modern finishes and an efficient layout perfect for both everyday living and entertaining. The versatile den provides the ideal space for a home office, study, or reading lounge. The serene primary bedroom serves as a private retreat, featuring floor-to-ceiling windows that fill the space with natural light, generous closet space, and a luxurious ensuite bathroom designed with upscale finishes for a spa-inspired experience. Residents of Nobu Residences enjoy access to an exceptional collection of luxury amenities, including a state-of-the-art fitness centre, hot/cold spa, outdoor BBQ, 24-hour concierge service, and exclusive resident amenities designed to complement a sophisticated urban lifestyle. Ideally situated in the heart of the city's vibrant Entertainment District, you're just steps from world-class dining, shopping, theatres, transit, and cultural attractions. This exceptional Nobu Residences suite delivers luxury living at one of the city's most coveted addresses. Current tenant is a young female professional working in the financial district, looking for like-minded female professional to share the space.
Discover Waterfront Communities C1
Waterfront Communities C1 is a vibrant community in the Greater Toronto Area, offering excellent amenities, schools, and transportation options. This area is popular with families and professionals seeking a balanced lifestyle with access to urban conveniences and natural spaces.
Why Live in Waterfront Communities C1
- •Convenient location in Downtown Toronto / Waterfront
- •Access to local shops and dining
- •Good public transit connections
- •Community parks and green spaces
- •Well-maintained neighbourhoods
Nearby Schools
Transit & Commuting
- •MiWay bus routes throughout the area
- •GO Transit stations within driving distance
- •Easy highway access to 401/403/QEW
- •Walking distance to local amenities
Parks & Amenities
- •Local parks and recreational facilities
- •Community centres
- •Shopping plazas nearby
- •Restaurants and cafes
Lifestyle & Community
Waterfront Communities C1 offers a wonderful quality of life with a mix of residential charm and urban convenience. Residents enjoy easy access to schools, parks, and shopping, making it an ideal location for families and professionals alike.
15 Mercer Street Unit 711 (Master Bedroom), Downtown Toronto / Waterfront
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How this lease stacks up against the local rental market
Estimated Monthly Budget
Things to Confirm Before Signing
· Are utilities included, or separate?
· How many parking spots are included?
· Is the landlord open to a 1-year or 2-year lease?
· Are pets and small renovations (paint, hooks) allowed?
· When was the last rent increase, if there is a prior tenant?
Utility estimates are approximate and vary by season, habits, and what the landlord includes. Always confirm inclusions with the listing agent.
Joe's Thoughts
Honest perspective from 30+ years of GTA real estate experience
Competitive Rent
At $1,950/mo, this is priced below the typical 3-bedroom rent of ~$3,500/mo in Downtown Toronto. Well-priced rentals move fast — worth acting on. That said, let's check what's driving the lower ask: landlord flexibility, lease term restrictions, or simply a motivated landlord.
Just Listed - Act Strategically
This property hit the market within the last week. In Downtown Toronto's current market, desirable homes often receive multiple offers within 5-7 days. If you're seriously interested, I recommend booking a showing immediately. However, never let urgency override due diligence - we'll still do proper inspections.
Condo Considerations
For condos, I always review the status certificate thoroughly. Key things I look for: reserve fund health (should be well-funded), any upcoming special assessments, rules that might affect your lifestyle (pets, rentals, renovations), and the corporation's financial statements. We'll want to verify the monthly fees and what they include.
Efficient Living
At 800 sqft, this is a more compact space. The upside: lower utility bills, less maintenance, and easier cleaning. Consider how you'll use the space - built-in storage, multi-functional furniture, and good organization become important. Great for singles, couples, or those who prefer a low-maintenance lifestyle.
Starter Home Potential
3 bedrooms works well for couples planning families or small families with one child. Consider whether you might outgrow the space in 5-7 years. If so, factor in potential moving costs when making your decision. Alternatively, some buyers convert a bedroom to an office and make it work long-term.
About Waterfront Communities C1
I know Waterfront Communities C1 well from working with many buyers and sellers here. Each pocket has its own character - let me share what I've learned about this specific street and block. During our showing, I'll point out local amenities, school catchments, and what similar homes have sold for recently.