55 Mercer St

55 Mercer Street is a high-rise apartment condominium in Toronto's Waterfront Communities neighbourhood, completed within the last five years. The 33-storey building contains residential units averaging around 750 square feet, with recent sales near $760,000 and monthly condo fees averaging roughly $600. The property is managed by 360 Community Management and situated within walking distance of 196 restaurants, 78 cafés, and nine grocery stores, with the University–King rapid transit station about ten minutes' walk away. Before finalizing an offer, prospective buyers should have a real estate lawyer review the status certificate, reserve fund study, financial statements, and by-laws to understand the building's financial health and governance structure.