NO55 Mercer is a newer high-rise condominium on the edge between the Entertainment District and the King West corridor, a few blocks north of the central waterfront. The building is developed by Greenpark Group and represents a meaningfully different generation of design and finish than the earlier CityPlace stock to the west.
Suite layouts run from compact one-bedroom units up through larger two-bedroom and two-plus-den configurations, with an average bedroom count near 1.8. The address suits buyers who want a downtown lifestyle anchored to King West restaurants and the entertainment core.
NO55 Mercer is a recent Greenpark Group condominium on Mercer Street, between Blue Jays Way and John Street. The building sits within walking distance of Stackt Market, the Bisha Hotel, TIFF Bell Lightbox, and the King West restaurant cluster, placing it at the intersection of three of downtown Toronto's most active commercial districts.
The suite mix is broader than in many CityPlace towers, with sizes ranging from roughly 500 to 1,199 square feet and an average bedroom count of approximately 1.8 across active listings. The building includes a meaningful share of two-bedroom and two-plus-den layouts in addition to its one-bedroom inventory, which broadens the buyer pool beyond singles and couples into smaller families and shared professional households.
Amenities are comprehensive, with sixteen catalogued features including a concierge, gym, indoor and outdoor pools, sauna, party and recreation rooms, a game room, a media room, guest suites, a rooftop deck and garden, BBQs allowed on terraces, visitor parking, bike storage, and elevators. The dual-pool configuration and the inclusion of guest suites position the building as a more amenity-rich option within its competitive set in the Entertainment District.
Mercer Street runs east-west between Blue Jays Way and Spadina, threading through what was historically a warehouse district and is now a dense mix of hotels, restaurants, condominiums, and entertainment venues. The location is squarely within the Entertainment District for cultural and dining purposes, with King West and its restaurant strip a block north and the central waterfront a short walk south.
Transit is well served. The 504 King and 510 Spadina streetcars provide surface-transit access, and Union Station with its GO Transit, UP Express, and subway connections is roughly a ten-minute walk to the east. St Andrew Station on Line 1 is similarly close. Bike share stations are dense in this part of the core, and the Martin Goodman Trail along the waterfront is easily reachable.
Day-to-day amenities are abundant. The Rogers Centre, Scotiabank Arena, CN Tower, Ripley's Aquarium, Roy Thomson Hall, and TIFF Bell Lightbox are all within walking distance. Restaurants on King West, Adelaide, and Wellington are a defining feature of life in the neighbourhood, and Stackt Market and the Bentway provide hybrid community and event space just to the south. Grocery options include the Sobeys in CityPlace and the Loblaws at Maple Leaf Gardens, with smaller specialty shops scattered through the district.
The resident base at NO55 Mercer is anchored in downtown professionals who prioritize walking access to King West, the financial core, and the entertainment district. Buyers and renters often include couples, dual-income professional households, and single occupants in finance, law, technology, and creative industries. The presence of two-bedroom and two-plus-den layouts also draws a meaningful share of smaller families and roommate households.
Compared with the CityPlace clusters to the west, the building tends to attract residents who place a higher value on restaurant and nightlife proximity and who are comfortable with the activity level of the Entertainment District. Turnover is typical of new downtown condominium product, with a mix of long-term owner-occupants and investor-held units.
Active sale listings at NO55 Mercer price in the range of roughly $1,119 per square foot, which reflects the building's newer vintage, Entertainment District location, and broader suite mix relative to older CityPlace stock. Maintenance fees average approximately $0.81 per square foot per month, with a band from roughly $0.55 to $1.10 depending on the suite. Active rental listings price near $4.04 per square foot per month, supported by strong demand from professionals working in the financial and entertainment districts. The pricing positions the building at a premium to CityPlace and closer to the upper end of Entertainment District comparables.
NO55 Mercer is at 55 Mercer Street, between Blue Jays Way and John Street, on the edge between the Entertainment District and King West in downtown Toronto. The building is roughly a ten-minute walk from Union Station, St Andrew Station, and the central waterfront, and it sits within walking distance of the Rogers Centre, the CN Tower, TIFF Bell Lightbox, and the King West restaurant strip. The 504 King and 510 Spadina streetcars are the closest surface-transit lines.
NO55 Mercer is a recent Greenpark Group development that came online in the early 2020s as part of the ongoing densification of the Entertainment District. Compared with the earlier waves of CityPlace condominium construction to the west, the building reflects a more contemporary generation of design language, suite layouts, and amenity programming. Buyers should always confirm the registration date and warranty status on a per-suite basis with their lawyer when reviewing a status certificate.
Active listings at NO55 Mercer range from roughly 500 to 1,199 square feet, with an average bedroom count near 1.8 across the inventory. The suite mix is broader than in many CityPlace towers, with a meaningful share of two-bedroom and two-plus-den layouts in addition to one-bedroom units. The wider mix opens the building to smaller families, dual-income couples, and shared professional households in addition to the typical single-occupant downtown buyer.
NO55 Mercer offers a comprehensive amenity package with sixteen catalogued features, including a concierge, gym, indoor and outdoor pools, sauna, party room, recreation room, game room, media room, guest suites, rooftop deck and garden, BBQs allowed on terraces, visitor parking, bike storage, and elevators. The dual-pool configuration and inclusion of guest suites are notable for a building of its scale and position it as a more amenity-rich option than several competing Entertainment District towers.
Maintenance fees average approximately $0.81 per square foot per month, with a band from roughly $0.55 to $1.10 across active listings. The fee composition reflects the comprehensive amenity package, security and concierge staffing, and the building's operating profile. Buyers should review the status certificate and reserve fund study at the listing level to understand exactly what utilities and parking assessments are included, since fee structures vary across suites and the overall amenity package can influence long-term reserve contributions.
Active rental listings at NO55 Mercer price near $4.04 per square foot per month. Tenant demand is anchored in downtown professionals working in finance, technology, law, consulting, and the broader entertainment and hospitality industries that surround the building. The newer vintage and amenity package generally support faster leasing times than older CityPlace inventory, and investors often see steady demand from one-year professional tenancies. As with any newly built tower, supply from concurrent investor lease-ups can affect pricing in short windows.
NO55 Mercer prices at a meaningful premium to older CityPlace stock such as Spectra and Quartz, reflecting newer construction, a broader suite mix, and an Entertainment District location anchored to King West rather than the southern waterfront. Buyers choosing between the two clusters typically weigh contemporary finishes and restaurant proximity at NO55 Mercer against lower entry prices and immediate waterfront access in CityPlace. Both areas offer comprehensive amenity packages and walking access to Union Station, but the resident profile and day-to-day character differ meaningfully.
Talk to Scott Miralami, Broker · Central Home Realty Inc., Brokerage. Floor-plan questions, recent sales, buying or selling at NO55 Mercer — Scott answers personally.
We're working to bring verified sold and leased price history for this building to CondoGo. Leave your email and we'll let you know if it becomes available.
Sold & leased data is governed by TRREB rules. No spam — we'll only email you about this.