No. 55 Mercer — Rental Market Data

No. 55 Mercer carries 9 active listings as of August 31, 2026, with a price range spanning from $2,180 per month to $5,000 per month, an average asking rent of $3,164 per month, and a median asking rent of $2,900 per month. Active suites average 611 square feet at an average asking rate of $5.27 per square foot. The 1-bedroom layout represents the dominant active tier with a 22.2% share, indicating balanced inventory representation across both compact entry-level suites and multi-bedroom executive floor plans.

The 1-bedroom layout serves as the dominant active configuration at No. 55 Mercer, accounting for 2 listings and a 22.2% inventory share. Active inventory is further distributed across five additional tier categories. The 2-bedroom configuration comprises 2 listings representing a 22.2% share with an average asking rent of $3,100 per month across an average of 600 square feet at $5.17 per square foot, while the 3-bedroom+ tier offers 2 listings sharing a 22.2% portion averaging $4,600 per month across 850 square feet at $5.41 per square foot. Additionally, single-listing options include a 1-bedroom + den spanning 650 square feet asking $2,800 per month at $4.31 per square foot, a 2-bedroom + den encompassing 750 square feet asking $3,200 per month at $4.27 per square foot, and a studio unit spanning 400 square feet asking $2,180 per month at $5.45 per square foot.

No. 55 Mercer exhibits a minimum entry rent of $2,180 per month and a peak asking rent of $5,000 per month, establishing a dollar spread of $2,820 per month or a 129.4% percentage spread. The median asking rent sits at $2,900 per month across all active inventory. The entry-level option is represented by a 400-square-foot studio unit asking $5.45 per square foot, whereas the peak suite configuration is anchored by larger 3-bedroom+ layouts reaching up to 850 square feet asking $5.88 per square foot.

No. 55 Mercer commands an active den premium of $350 per month accompanied by a square footage delta of 250 square feet. This yields a marginal cost of $1.40 per square foot for the additional den space. Meanwhile, active parking premium data cannot be reliably isolated due to an insufficient paired sample.

No. 55 Mercer asks an average rent of $3,164 per month at $5.27 per square foot, comparing favorably to the broader Entertainment District submarket asking benchmark of $3,542 per month at $5.53 per square foot. The lower nominal monthly outlay is driven by more compact suite sizing rather than cheaper unit pricing. The building's asking rate per square foot trades at a 4.7% discount versus submarket asking benchmarks while capturing 5.9% of total submarket active inventory.

No. 55 Mercer achieves an average lease rent that aligns competitively against the overall comp average of $2,941 per month across nearby established benchmarks. The adjacent competitor set includes The Icon I (270 Wellington St W), which recorded an average lease rent of $2,808 per month at $4.17 per square foot across an average of 671 square feet; The Icon II (250 Wellington St W), posting an average lease rent of $2,857 per month at $4.06 per square foot across 716 square feet; King Blue - King Tower (125 Blue Jays Way), averaging $3,124 per month at $4.21 per square foot across 749 square feet; and 263 Wellington West (263 Wellington St W), reporting an average lease rent of $2,975 per month at $3.41 per square foot across 876 square feet.

No. 55 Mercer establishes its value proposition by offering highly optimized, modern living spaces that trade at higher rates per square foot relative to larger, older footprints in the immediate micro-market. Renters evaluating No. 55 Mercer versus older alternatives like 263 Wellington West (which averages 876 square feet at $3.41 per square foot) or The Icon II (averaging 716 square feet at $4.06 per square foot) are trading down in total physical square footage to secure superior layout efficiency, state-of-the-art mechanical systems, lower ongoing utility burdens, and brand-new interior finishes. While older towers offer more sprawling historical floor plans at lower nominal rates per square foot, the subject building captures demand from tenants willing to pay a premium for contemporary construction quality and cutting-edge urban convenience.

No. 55 Mercer delivers an extensive, lifestyle-forward amenity package that surpasses many legacy properties in the Entertainment District. The subject building distinguishes itself through five signature features: a dedicated Business Centre, a full-sized Basketball Court, an exclusive Luxury EV Carshare Program, an onsite Dog Run, and a comprehensive Sauna & Steam Room. In contrast, older peers like The Icon I and The Icon II rely on traditional staples such as indoor pools and hot tubs, while King Blue - King Tower includes specialized cultural spaces like Theatre Museum Canada alongside standard fitness facilities. This robust amenity ecosystem makes No. 55 Mercer exceptionally attractive to modern urban professionals and tech-forward residents seeking active wellness spaces and progressive shared infrastructure.