1802-55 Mercer St
Waterfront Communities C1, Toronto, Ontario M5V 1H2
- Bedrooms
- 3
- Bathrooms
- 2
- Size
- 800–899sq ft
- Per sq ft
- $1,530at the range’s middle
- Tax a year
- $4,6002025 tax year
- Parking
- 11 underground
- Days on market
- Members
The brief
About 1802-55 Mercer St
1802-55 Mercer St is a 3-bedroom, 2-bathroom condo in Waterfront Communities C1, Toronto, listed for sale at an asking price of $1,300,000 (MLS® C13118006).
Welcome to 55 Mercer Luxury Residence, this upgraded corner unit is situated in a perfect location. Boasting with 3 bedrooms, 2 bathrooms with 9' ceiling and large windows in every room with upgraded closet doors. Modern open concept kitchen with custom quartz island. Amenities include luxury lobby furnished by Fendi, 24-hour concierge, private dining room, outdoor lounge w/BBQ and fire pit, basketball court, 2 level gym and dog walking area. 100 walk and transit score. Toronto's underground PATH system is 150 meters away. 1 locker and parking included.
Insights
Condition Score
Good71/1001 documented update signal
Source: Listing age, structured features and disclosed update language; not an inspection.
Cashflow Quality
Shortfall21/100−$2,749/mo against the cost of owning (20% down, 4.8%, 25 yrs)
Source: Median of 66 condos with 3 bedrooms for lease in Waterfront Communities C1 right now. Cost of owning counts the mortgage, property tax and the condo fee.
Condition uses listing-record signals, not an inspection.
The home
Key facts
- Tax
- $4,600 / 2025
- MLS® number
- C13118006
- Board
- TRREB MLS®
- Property Type
- Condo Apt
- Days on market
- Size
- 800-899 sqft
- Listed on
- Parking
- 1 Underground, 1 Parking
Property details
Property
- Property Type
- Condo Apt
- Style
- Apartment
- Community
- Waterfront Communities C1
- Municipality
- Toronto
Building
- Size
- 800-899 sqft
- Construction
- Brick
Inside
- Bedrooms
- 3
- Bathrooms
- 2
- Bathroom Details
- 1 × 4pc Flat, 1 × 4pc Flat
- Basement Type
- None
- Kitchens
- 1
Parking
- Garage Type
- Underground
- Garage
- 1
- Additional Parking
- 0
- Total Parking
- 1
Utilities
- Cooling
- Central Air
- Heating Type
- Forced Air
Additional
- Fireplace
- No
- Den
- Yes
- Family room
- Yes
- Condo maint.
- $760
Rooms
| Room | Size | Features | Level |
|---|---|---|---|
| Primary | 0.0 × 0.0 m | 3 Pc Ensuite | Flat |
| 2nd Br | 0.0 × 0.0 m | — | Main |
| 3rd Br | 0.0 × 0.0 m | — | Main |
| Kitchen | 0.0 × 0.0 m | — | Main |
| Bathroom | 0.0 × 0.0 m | 3 Pc Bath | Main |
| Living | 0.0 × 0.0 m | — | Main |
Listing history
Buy/sell history for 1802-55 Mercer St, Toronto, Ontario
Sale history on this site covers the last 2 years, the window permitted under the TRREB MLS® VOW agreement.
| Date Start | Date End | List Price | Price | Event | Listing ID |
|---|---|---|---|---|---|
| Date StartN/A | N/A | $1,300,000 | N/A | For Sale | C13118006 |
Members see the full history. Prices are hidden from signed-out visitors.
The numbers
Mortgage Calculator
Plan with the current asking price
CMHC insurance: not required at 20% down. Payments use Canadian semi-annual compounding.
Mortgage Details
4.8% · 5-year term · 25-year amortization · 20% down
- Total down payment
- $260,000
- Total mortgage amount
- $1,040,000
- Total interest payment
- $739,300
- Total purchase cost
- $2,039,300
- Mortgage payment
- $5,931/mo
Cash Flow Analysis
If you rented this home out at 20% down
Break-even down payment
57%Monthly carrying cost
$7,074- Rent $4,325
- Shortfall $2,749
Rental income opens at $4,325, the median asking rent of 66 comparable homes for lease in Waterfront Communities C1. Type over it with the rent you expect. This is a planning tool, not advice.
Land transfer tax on this home
- Ontario land transfer tax
- $22,475
- Toronto municipal land transfer tax
- $22,475
- Total land transfer tax
- $44,950
- First-time buyer rebates (Ontario up to $4,000 + Toronto up to $4,475)
- −$8,475
- Total for first-time buyers
- $36,475
See how this is worked out
- 0.5% on the first $55,000
- $275
- 1.0% from $55,000 to $250,000
- $1,950
- 1.5% from $250,000 to $400,000
- $2,250
- 2.0% from $400,000 to $1,300,000
- $18,000
- Ontario total
- $22,475
Toronto’s municipal tax uses the same brackets at this price, so it adds another $22,475.
An estimate at the asking price, for a home with one or two single-family residences. Your lawyer confirms the exact amount.
Estimate
Estimated value requires sign in
Market estimates use sold comparables and are available after you sign in and accept MLS® VOW terms.
The estimate is an automated value built from public and MLS® data. It is not an appraisal; ask Yossi Kaplan, MBA, Salesperson for a full comparative market analysis.
Comparable sales
Comparable sales require sign in
Closing prices and sold comps are available to registered visitors who accept MLS® VOW terms on this site.
The land
Land and environment
Public records about this location. Not part of the MLS® listing and not provided by the listing brokerage.
Water and conservation3
- Not in Toronto and Region Conservation Authority’s mapped regulated areaAt the address
- No mapped wetland within 120 m120 m
- No water-supply well recorded within 250 m87 test or monitoring holes also recorded.250 m
Toronto and Region Conservation Authority · Province of Ontario open data
Planning and building activity5
- Outside the Greenbelt, Oak Ridges Moraine and Niagara Escarpment plan areasAt the address
- 98 building permits issued within 250 m in the last 2 years250 m
- 21 open development applications within 250 mAn application is a proposal: it may change, be refused or never be built.250 m
- Nearest airport: 1.2 km1.2 km
- Mapped parcel: about 14,810 sq ftMeasured from the municipal parcel map, which can differ from the survey and from the lot size in the listing.At the address
Province of Ontario open data · Municipal building permits · Municipal development applications · toronto.parcels
Around the home2
- Nearest rail line: 310 m310 m
- A trail on the Ontario trail network within 1 km1 km
Province of Ontario open data
Environmental records4
- No licensed pit or quarry within 2 km2 km
- No recorded oil, gas or salt well within 250 m250 m
- 1 facility within 1 km reports pollutant releases to Environment CanadaThe nearest is Enwave Energy Corporation — Pearl Street Steam Plant, 570 m away. Facilities report to the National Pollutant Release Inventory above set thresholds; reporting a release is not a finding of harm.1 km
- 2 federal contaminated sites within 1 kmAll of them are closed. The federal inventory covers federal land only, not provincial or private sites.1 km
Province of Ontario open data · Government of Canada open data
Power and internet3
- Electricity is distributed here by Toronto Hydro-Electric System LimitedAt the address
- Wired internet 50/10 Mbps or faster is listed at a household 30 m awayFixed wireless 50/10 Mbps or faster. LTE mobile coverage listed. ISED’s National Broadband Data at the nearest household point (30 m from the listing); 50/10 Mbps is its top category and includes faster plans. Confirm with a provider for this address.30 m
- Across the surrounding area: fibre to the home, cable, DSL internet listedFibre to the home: Beanfield Metroconnect, Bell, CIK Telecom, Dotto One, FibreStream, Rally, Rogers. Cable: Rogers. DSL: Bell. Fixed wireless: Rogers, SkyChoice Communications. Mobile: Bell, Freedom Mobile, Rogers, Telus. Satellite: Xplore. ISED’s list for the surrounding ~25 km² area; check with a provider for this address.Area-wide
Ontario Energy Board · Innovation, Science and Economic Development Canada
Each record is placed at the distance its own line states. None of it is an inspection of the property. Confirm anything that matters to you with the municipality, Toronto and Region Conservation Authorityor the record’s publisher.
Contains information licensed under the Open Government Licence – Canada. Contains information licensed under the Open Government Licence – Ontario. Contains information licensed under the Open Government Licence – Toronto. Contains information made available under the Toronto and Region Conservation Authority Open Data Licence v1.0.
Heritage and ravine protection
- Not found on the Heritage Register
- Not in a mapped Heritage Conservation District
- Not in the mapped ravine protection area
What this means: None of these City records was found at this address. That does not rule out other approvals, such as a conservation authority permit, so check before you plan work.
City of Toronto Heritage Register, Heritage Conservation Districts and the Ravine and Natural Feature Protection by-law, read at this address from the City’s maps. Contains information licensed under the Open Government Licence – Toronto.
Zoning
By-law
See Former City of Toronto By-Law No. 438-86What this means:the City’s 2013 zoning by-law does not cover this land, so the former municipality’s by-law still sets what may be built. Confirm the rules with the City before you plan.
City of Toronto zoning map, read at this address. Open the City’s zoning map. Contains information licensed under the Open Government Licence – Toronto.
Permit history
No building permits on file at this address.
Signals around this home
Changing nearby. 6 open development applications within 800 m of this home.
35 MERCER STCondominiumUnder Review
The current application concerns the hotel component of the project, which includes 35 units at Levels 41-45 of the west tower and 15 units of parking at Level A (including 12 stacked parking units).
30 m away15 MERCER STCondominiumUnder Review
The current application concerns the hotel component of the project, which includes 35 units at Levels 41-45 of the west tower and 15 units of parking at Level A (including 12 stacked parking units).
70 m away277 WELLINGTON ST WOfficial plan or zoning amendmentOMB Appeal
Zoning By-law Amendment to facilitate redevelopment of the site with new 66-storey mixed use building. 116 square metres of retail use and 9,169 square metres of office space is proposed within the 9-storey podium, along with 37,170 square metres of residential gross floor area within the tower. A total of 645 residential units are proposed.
90 m away277 WELLINGTON ST WCondominiumUnder Review
*** Draft Plan of Condominium for 645 residential dwelling units.
90 m away277 WELLINGTON ST WSite planUnder Review
Site Plan Control application for a new 66-storey mixed use building (residential with office and retail).
90 m away319 KING ST WSite planUnder Review
Site Plan approval application at 301-319 King Street West to facilitate the re-development of the site with a 50-storey (157 metre tall including the mechanical penthouse) mixed-use building containing retail, restaurant and office uses within the first 3 floors and 403 residential units above. A total of 97 parking spaces are proposed within a four level underground parking garage. Portions of the heritage buildings on the site are proposed to be retained and integrated into the podium. This application is being reviewed in conjunction with an application to Amend the Zoning By-law (File No. 13-144733 STE 20 OZ) approved by the OLT.
110 m away
City of Toronto Open Data — Development Applications and Building Permits (cleared permits since 2017). An application is a proposal: it may change, be refused or never be built. Contains information licensed under the Open Government Licence – Toronto.
The market
Condos for sale in Waterfront Communities C1 right now
- For sale now
- 630
- Median asking price
- $629K
- New in 7 days
- 69
- Price cuts
- 21%
Middle half: $539K to $837K
251 in 28 days
132 listings
This home is asking 107% above the median, higher than three quarters of them.
See all homes in Waterfront Communities C1Asking prices and counts of the MLS® listings on this site as of today. Asking figures only, never sold or leased prices.
Market area · filters apply to the charts below
The street
Map and tour
Transit nearby
| Station | Lines | Distance |
|---|---|---|
| St Andrew Station | TTC subway: Line 1 Yonge-University | 600 m |
| Osgoode Station | TTC subway: Line 1 Yonge-University | 750 m |
| Union Station | TTC subway: Line 1 Yonge-UniversityGO Transit train: Barrie, Kitchener, Lakeshore East, Lakeshore West, Milton, Richmond Hill, StouffvilleUP Express train | 950 m |
| St Patrick Station | TTC subway: Line 1 Yonge-University | 1.1 km |
| King Station | TTC subway: Line 1 Yonge-University | 1.1 km |
The nearest subway, light rail, train, bus rapid transit stations 5 km, as the crow flies. Source: TTC schedule data (GTFS) from the Toronto Transit Commission under the Open Government Licence – Toronto; GO Transit and UP Express schedule data (GTFS) from Metrolinx under the Open Government Licence – Ontario – Metrolinx, downloaded October 18, 2026. Contains information licensed under the Open Government Licence – Toronto. Data used in this product or service is provided with the permission of Metrolinx. Metrolinx makes no representations or warranties of any kind, express or implied, with respect to the Data and assumes no responsibility for the accuracy or currency of the data used in this product or service. Contains information licensed under the Open Government Licence – Ontario – Metrolinx.
Schools nearby
| Elementary | Type | Distance | EQAO average 2024–25 |
|---|---|---|---|
| Ogden Junior Public SchoolToronto DSB | Public · grades JK–6 | 600 m | 72%Grade 6 average |
| Bishop Macdonell Catholic SchoolToronto CDSB | Catholic · grades JK–8 | 700 m | 84%Grade 6 average |
| Jean Lumb Public SchoolToronto DSB | Public · grades JK–8 | 750 m | 83%Grade 6 average |
| École élémentaire Pierre-Elliott-TrudeauConseil scolaire Viamonde | French-language public · grades JK–6 | 2 km | 94%Grade 6 average |
| Secondary | Type | Distance | Grade 9 math 2024–25 |
|---|---|---|---|
| Heydon Park Secondary SchoolToronto DSB | Public · grades 9–12 | 1.1 km | 8%Grade 9 math |
| City SchoolToronto DSB | Public · grades 9–12 | 1.2 km | — |
| St Michael's Choir (Sr) SchoolToronto CDSB | Catholic · grades 9–12 | 1.5 km | 96%Grade 9 math |
| Collège français secondaireConseil scolaire Viamonde | French-language public · grades 9–12 | 2.2 km | 86%Grade 9 math |
EQAO: share of students at or above the provincial standard, 2024–25 (Ontario open data). These are the schools nearest this home, not the schools it is assigned to: boundaries change, and some schools take students by application. Confirm with the board before you buy. Contains information licensed under the Open Government Licence – Ontario.
The verdict
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