$4,000/mo - 55 Mercer Street Unit 1502, Downtown Toronto
Condo for Rent in Downtown Toronto
New — Listed 4 days agoNeighbourhood: Waterfront Communities C1
- MLS Number
- C13694840
- Property Type
- Condo
- Status
- active
- Days on Site
- 4
- Bedrooms
- 3
- Bathrooms
- 2
- Square Feet
- 800 sqft
- Neighbourhood
- Downtown Toronto / Waterfront
- Locker
- Owned
- Exposure
- South West
- Balcony
- Open
- Listing Brokerage
- CENTURY 21 ATRIA REALTY INC.
Sun-Filled, Airy & Chic - Welcome to this stunning southwest-facing 3-bedroom suite with parking and locker at the luxurious Fendi-designed residence, 55 Mercer. Enjoy breathtaking CN Tower views from all bedrooms, a highly functional open-concept layout with no wasted space, and one of the best split-bedroom floor plans for maximum privacy and comfort.This elegant suite features 9-ft ceilings, floor-to-ceiling windows, a walk-out balcony, and a sleek modern kitchen finished with high-end European appliances, quartz countertop and backsplash, plus generous kitchen storage. The spa-inspired bathrooms add a refined touch, while the spacious southwest-facing primary bedroom offers a 4-piece ensuite and large mirrored closet. The second bedroom also enjoys bright southwest exposure, making this home ideal for end-users, investors, or anyone seeking stylish downtown living inthe heart of Toronto's Entertainment District. 55 Mercer is one of downtown Toronto's newest luxury residences, located steps from King West, the heart of Entertainment/ Financial District, offers unmatched walkability - with thestreet car, subway, Path, shops, theatres, restaurants, cafes, and everything you need just a short stroll from yourdoorstep. Conveniently located within walking distance to the CN Tower, Rogers Centre, Chinatown, Queen West, and many more downtown hotspots. Residents enjoy world-class amenities across three levels, including GrandLobby Furnished by FENDI, a state-of-the-art 2 level gym fitness centre with Peloton pods and HIIT training zones,yoga studio, infrared cedar saunas, co-working spaces, boardrooms, landscaped outdoor terraces, basketball-court, BBQ areas and a dog run, private dining room. Parking and locker included. Bonus: Bell high-speed internet isincluded in the maintenance fees.
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.
55 Mercer Street Unit 1502, 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
Above Market Rent
At $4,000/mo, this is asking above the typical 3-bedroom rent of ~$3,500/mo in Downtown Toronto. That premium needs to be justified — newer finishes, included parking, a premium location, or utilities included. I'll help you assess whether it's worth it or whether there's room to negotiate.
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.