55 Mercer Condos – MOVE IN January 2023
55 Mercer is a new high-rise condominium project in the heart of downtown Toronto, at King Street West and Spadina Avenue. One of the most exciting urban condo locations in years. Minutes walk from the CN Tower, the Rogers Centre, Chinatown, Queen West, and many more hot Toronto neighbourhoods, 55 Mercer is looking to become one of the downtown core’s most exciting condominium prospects. The starting price is mid $500’s.
55 Mercer Condos Highlights:
- Premium Luxury Condominium
- Less than 15 minutes walk to two subway stations, St.Andrews and Union
- 20 minutes streetcar ride to Spadina station
- Toronto Pearson International Airport is just 45 minutes away by UP Express
- Close to best restaurants, bars and attractions in Downtown Toronto
- Steps away to the Rogers Centre, CN Tower and the Toronto Convention Centre
- Located in Entertainment District in Toronto
- Next to the Fashion District and Chinatown
- surrounded by fine dining, banks, grocery stores and more!
- just 5 minutes walk from Roy Thomson Hall, Princess of Wales Theatre, TIFF Bell Lightbox, City Hall
- Short walk from University of Toronto, OCAD and Ryerson University
- only 15 minutes walk from the Harbourfront
This new premium luxury project, 55 Mercer Condos stands 47 storeys of mixed-use residential condos with a total of 543 units. Currently, this project offers 37 Studio, 358 One-Bedroom, 109 Two-Bedroom and 53 Three-Bedroom units with a five level underground parking of 101 spots in total.
- 9′ smooth ceilings
- Integrated stainless-steel appliances
- Laminate Flooring
- Quartz countertops
- Stacked washer/dryer
Top 5 Reasons to invest in 55 Mercer
When it comes to downtown living, 55 Mercer is simply unmatched. At the intersection of King and Spadina, the building is right in the centre of the Fashion District, Entertainment District, Financial District, Chinatown, and the stylish Queen West neighbourhood.
Take in Toronto’s most exciting films and rub shoulders with Hollywood celebrities at the TIFF Bell Lightbox. See a show at the Velvet Underground, the Horseshoe, the Rivoli or one of dozens more of Toronto’s best live music venues. Spend the afternoon perusing vinyl at Sonic Boom, then take a stroll through Kensington Market, or simply spend the afternoon cloud-gazing at Fort York, Victoria Memorial Square or the Grange Park.
The western wing of the downtown core has been going through a rejuvenation for the past twenty years, and new neighbourhoods like Liberty Village and King West Village to the west have been flourishing as young professionals, students, and new families all flock to the new, denser developments coming to the core. The result is a more vibrant downtown than perhaps ever before, with limitless possibilities, no matter who you are, or where your interests lie.
With the Harbourfront just a short walk away, all the natural beauty of the Toronto Islands are at your fingertips, and with Billy Bishop Airport just a few blocks down the street, long drives to catch a flight are a thing of the past. There simply isn’t a better location for the GTA urban lifestyle than 55 Mercer.
Residents will have ample choice when purchasing their home at 55 Mercer. Suites will run the gamut from 31 to an impressive 83 sq metres. There will be a total of 543 units in the building, with 37 studios, 358 one-bedrooms, 109 two-bedrooms, and 53 three-bedrooms with a five level underground parking garage with 101 spots in total. Corner units will include balconies with stunning views of the Toronto skyline. Finishings include 9 foot ceilings, stacked washers and dryers, stainless steel appliances, laminate flooring, and even quartz countertops.
Along with these luxurious finishings, residents will have access to so many amenities within the building, it may feel like a community all it’s own. Amenity room with an attached kitchen will be the perfect place to hold events, or host get-togethers. A second space that will have both indoor and outdoor components will be located on the eighth floor, and will even include a pool.
Other world-class amenities will include 24-hr indoor fitness centre, complete with peloton bikes, an outdoor fitness space and basketball court, outdoor BBQs and Fire Pits, an Entertainment Room, EV Car Share, and even a valet service!
- 24-hr concierge
- 18,000 sq.ft of indoor and outdoor amenities – over three floors
- 24-hr indoor fitness centre/Peloton Bikes
- Outdoor BBQs and Fire Pits
- Outdoor Fitness space and basketball court
- Shared co-working space
- Entertainment Room
- Prime Ground Floor AAA retail
- PFAFF EV car share
- PFAFF/Motus on-demand valet service
- FENDI Furnished Lobby
Residents can feel safe and welcome at all times with a two-storey lobby, complete 24-hr concierge, and mail room, and with 4,000 square feet of retail along Blue Jays Way, and Mercer Street, residents won’t have far to search for services like restaurants, dry cleaning and just about anything else.
55 Mercer has a “walker’s paradise” score of 100/100. Set between the historically chic Fashion District, the culturally rich Chinatown, the Entertainment District, and Old Toronto, 55 Mercer is close to just about everything in the city. Groceries, entertainment, clothes and just about anything else you could ever want or need are within minutes walk. Pedestrians can walk all of Downtowns beautiful, tree-laden sidewalks and pedestrian streets, but those looking to take shelter from the cold during the winter have the option of taking Toronto’s PATH Underground, a series of underground pedestrian tunnels, skyways and walkways.
Streetcars criss-cross throughout the downtown core, making for easy connections to the subway at stations like St. Andrews, Osgoode and Union, while others reach north to Spadina or Bathurst station to connect with the East-West subway line. Just about every TTC line converges within the downtown district, and funnelling through the hub of Union Station, in the southern end of the Entertainment District. From here, travellers, commuters and explorers alike have seemingly unlimited options. The GO Transit infrastructure runs commuter rail lines across the entire GTA and beyond, and VIA Rail provides inter-city transit along the Quebec-Windsor Corridor, the most populous region in all of Canada.
Billy Bishop Airport is only 10-15 walk, making flights across North America convenient and relaxing, but if you’re planning a trip further away, transit to Pearson International Airport is simple enough as well, thanks to the relatively new UP train, which starts at Union Station (15 minutes away from 55 Mercer) and is an express trip all the way to the Airport in Mississauga.
CentreCourt Developments is a relatively recent emergence on the Toronto Condominium scene, but they’ve made quite a splash since their founding in 2010. With projects already completed like INDX, Karma, and Peter Street Condos all within the downtown core, CentreCourt has established itself as a fixture of the Toronto skyline.
Convinced the Toronto housing market won’t slow down any time soon, CentreCourt is pursuing new projects in the city with verve and excitement. Focusing on details, communication and hands-on decision making, CentreCourt is eager to continue to prove itself as one of Toronto’s most trusted developers.
Ever since it’s founding, CentreCourt has worked hard to produce homes and communities of the highest standard, and the 55 Mercer project seems to be a continuation of their dedication to excellence.
5.Incredible investment opportunity
Some of the most exciting condo projects in the entire GTA are rising up right in it’s core. Areas around Fort York, and St. Lawrence Market are seeing a rejuvenation as new developments break ground and try to bring more density and diversity. With all the students and young professionals looking for short commutes and happening neighbourhoods, great swathes of the downtown are being lit with new youthful community energies, startups, and trendy restaurants.
Condo development boomed throughout the 2000s and 2010s as the entertainment district was filled in more densely – condos were sprouting up left, right and centre, among the district’s many tourist and entertainment hubs, and now we’re beginning to see those development priorities – community sustainability, and style, design and amenties proliferate throughout the downtown core and into surrounding neighbourhoods.
This growth has pushed even further into the centre of town with projects like 55 Mercer pushing up to the edges of Old Toronto. The core is a more vibrant place now than it ever has been, and people from all over the GTA are moving further centrally, whether it’s to be closer to work and school, or simply to live where all the action happens – prices for property in the downtown are expected to continue to rise, and investments like 55 Mercer are golden opportunities.
55 Mercer Condo has an excellent Walk and Transit Score of both 100 out of 100. This location is in the Waterfront Communities-The Island neighborhood in Toronto. Nearby parks include Clarence Square, Simcoe Park and St. Patrick’s Square.
- DEVELOPER: CentreCourt Developments
- UNITS: 543
- DEPOSIT STRUCTURE: $5,000 signing/Balance 5% in 30 days/5% in 90,270,540 days
- ESTIMATED OCCUPANCY: January 2023
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