$3,700/mo - 8 Mercer Street Unit 2611, Downtown Toronto
New Construction for Rent in Downtown Toronto
Neighbourhood: Waterfront Communities C1
- MLS Number
- C13473612
- Property Type
- New Construction
- Status
- active
- Days on Site
- 15
- Bedrooms
- 3
- Bathrooms
- 2
- Square Feet
- 800 sqft
- Neighbourhood
- Downtown Toronto / Waterfront
- Locker
- Owned
- Exposure
- North West
- Balcony
- Open
- Listing Brokerage
- PROPERTY.CA INC.
Welcome to elevated urban living at The Mercer, a striking 33-storey landmark in the heart of Toronto's Entertainment District. This bright corner suite offers 2 bedrooms plus a versatile den, soaring 9-foot ceilings, and floor-to-ceiling windows that flood the open-concept layout with natural light. The modern kitchen is fully loaded with integrated top-of-the-line Miele appliances (fridge, dishwasher, built-in oven, ceramic cooktop, and microwave), all anchored by a huge centre island perfect for cooking and entertaining. Step onto the large balcony and take in panoramic city views overlooking the iconic TIFF Bell Lightbox, day or night. Ensuite stacked washer and dryer and a smart, functional floor plan complete the suite. The well-managed building delivers a resort-style amenity collection, including 24-hour concierge, fitness centre, party room, rooftop terrace lounge with BBQ area, plus a relaxing sauna, spa, and hot tub. Location does not get better than this. Enjoy a perfect Walk and Transit Score of 100/100, a 5-minute walk to St. Andrew Subway Station and a short stroll to the 27 km PATH. Health and wellness are right at your doorstep, with Health One all-in-one medical centre across the street, plus RCVRI wellness centre and Axis Therapy & Performance right downstairs. Perfect for downtown families and professionals, MetroHall Daycare sits across the street with several more daycares within a 5-minute walk. Steps to King West's Theatre District (Royal Alexandra and Princess of Wales Theatres), top restaurants, cafes, and boutique hotels, with The Well just a 10-minute walk away. Walk to Union Station, Rogers Centre, and the Financial District. A prime opportunity for anyone to live in!
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.
8 Mercer Street Unit 2611, 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
Fairly Priced Rental
At $3,700/mo, this is in line with typical 3-bedroom rents in Downtown Toronto (~$3,500/mo). The rent itself may be firm, but there's often room to negotiate on lease terms — move-in date, appliance inclusions, or parking.
Market Position
At 15 days on site, this property has had reasonable exposure. It hasn't sold immediately (which often indicates overpricing), but isn't languishing either. There's likely room for a 3-5% negotiation from asking price.
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.
Lease Terms to Negotiate
Don't just focus on the monthly rent — the lease terms matter just as much. I always advise my rental clients to clarify: what's included (parking, storage, utilities), the lease length options, the landlord's policy on renewals, and whether small personalizations like painting are permitted. These details can make or break your experience over 12–24 months.