55 Mercer Luxury Residence

55 Mercer Luxury Residence is a new 51-storey high-rise apartment condo completed in 2023, located at 55 Mercer Street in Toronto's Entertainment District. The building comprises approximately 686-square-foot units on average, with recent sales averaging around $596,000 and current listings asking roughly $754,000. Monthly condo fees average about $525, or $0.84 per square foot, covering heat, water, hydro, and building insurance. The building features a grand FENDI-furnished lobby, a 24-hour concierge, and over 18,000 square feet of amenities including a multi-level fitness centre, co-working spaces, rooftop garden, basketball court, and dog facilities. Located steps from King West dining, Rogers Centre, the PATH system, and rapid transit, it offers excellent access to Toronto's entertainment and financial districts. Before purchasing, buyers should have the status certificate, reserve fund study, budget, financial statements, board minutes, and by-laws reviewed by a professional.