$2,300/mo - 55 Mercer Street Unit 4305, Downtown Toronto
Condo for Rent in Downtown Toronto
47 days on market- MLS Number
- C13062458
- Property Type
- Condo
- Status
- active
- Days on Site
- 47
- Bedrooms
- 1
- Bathrooms
- 1
- Square Feet
- N/A sqft
- Neighbourhood
- Downtown Toronto / Waterfront
- Locker
- None
- Exposure
- West
- Balcony
- Open
- Listing Brokerage
- UNION CAPITAL REALTY
55 Mercer sits in the heart of the entertainment, financial and tech districts. Steps from the most dynamic start-up market, a short walk from the best of King West, Transit & PATH. This 1 bedroom corner unit offers premium breathtaking views with lakeview and gorgeous sunset views. Modern open-concept layout, 9ft ceilings in principal rooms, smooth finished ceiling, Stone kitchen counter tops and bathroom counter top, B/I appliances, modern kitchen finishes, practical and functional floorplan, wrap around large windows and high-end finishes and Internet included. With access to Mercer Club amenities, it combines sophistication with convenience. Experience upscale living surrounded by famous restaurants, cafes, theaters, sports arenas, and more! 99 out of 100 walk score. The amenities at 55 Mercer are nothing short of excellent. The grand lobby is where it all begins. Dressed in natural wood and stone, accented with Fendi furniture, the lobby is a study in refinement. With linear elements that dramatize its double-height, bronze inlay mirrors that reflect light and wooden slats that create a soothing sense of movement, this plush 24-hour attended space sets the tone. The Mercer Club with its state-of-the-art fitness, co-working and entertainment spaces, offers a lifestyle that's richly satisfying. Spread over three floors, its interiors feature timeless finishes and furnishings with custom details that enhance every encounter. The fitness area comes outfitted with Peloton pods, separate high-intensity cardio, cross-training zones, and a yoga studio. Everything high achievers want. A dog run, half size basketball court, outdoor gym, landscaped terraces designed for entertaining.
Discover Downtown Toronto / Waterfront
Downtown Toronto / Waterfront 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 Downtown Toronto / Waterfront
- •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
Downtown Toronto / Waterfront 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 4305, 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 $2,300/mo, this is in line with typical 1-bedroom rents in Downtown Toronto (~$2,300/mo). The rent itself may be firm, but there's often room to negotiate on lease terms — move-in date, appliance inclusions, or parking.
Negotiation Opportunity
At 47 days on site, this property has exceeded the typical selling timeline for Downtown Toronto. This creates leverage for buyers. The seller may be motivated by carrying costs, life circumstances, or previous deals falling through. I'd recommend a strategic offer below asking with terms that favour you.
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 0 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.
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.
Let's Walk Through It Together
Photos can't tell you about traffic noise, natural light at different times of day, or how well the landlord maintains the property. When we view it together, I'll assess the condition of appliances, HVAC, and finishes — and flag anything that might become a headache. I'll also help you understand the lease terms before you sign anything.