High-Rise Condo

Nobu Residences

by Madison Group

15 Mercer Street, Toronto, ON M5V1H2

Year Built

2024

Total Units

660

Avg $/sqft

$1,073

Storeys

Overview

If you’re looking for a Toronto condo for sale, then Nobu Residences is a great choice. Standing 45 storeys tall at 15 Mercer Street, 35 Mercer Street, this development provides residents with an excellent starting point to explore the King West neighbourhood. The property was completed in 2024 by Madison Group, and is comprised of 660 units, ranging in size from 400 to 1400 square feet.

This condo is very conveniently located, with a well above average Walk Score of 97 and a low demand ranking, based on Strata.ca’s analytics. Maintenance fees are $0.77 per-square-foot, which is lower than the neighbourhood average of $0.88 per-square-foot.

Developer

Madison Group

Year Built

2024

Property Type

High-Rise Condo

Storeys

Total Units

660

Management

Tbd

Amenities

Indoor Pool

Fitness Centre

Sauna

Rooftop Garden

Visitor Parking

Theatre Room

Party Room

Bike Storage

24/7 Concierge

Price History

546 records

Loading history…

Market Stats

Prices in Nobu Residences are up 0.3% compared to last year.

$1,073

Avg $/sqft

+0.3%

YoY change

Avg days on market

Location & Walkability

Walk Score

97/100

Daily errands on foot

Transit Score

100/100

TTC, GO, subway access

Bike Score

95/100

Bike lanes & infrastructure

Neighbourhood in Toronto

King West

vibrant urban active

King West is a vibrant neighbourhood in Toronto known for its lively atmosphere. It offers a mix of urban living with access to various amenities.

No homes currently for sale No rental listings available Schools rated 7 Close to city amenities

Day to dayLivability

Schools near listings

out of 10 · averaged over 10 past and present listings

Fraser Institute ratings within 2 km of each listing, closer schools weighted more

Each score is an average over this area's own listings and is shown only where at least 5 of them carry one. Scores are reported by listing agents, not measured by HOMEH.

What it costsAffordability

Median asking price

In Ontario

$716,900

Median monthly rent

In Ontario

$2,499

On the marketMarket snapshot

For sale

For rent

Recently sold

Recently leased

Market data as of 2026-08-16. Sold and leased figures are neighbourhood medians over the last 12 months, published only where at least 5 homes closed — never a single sale.

The honest readPros & cons

What people love

Lively atmosphere with urban conveniences
Good school ratings
Access to various amenities

Keep in mind

No current housing options available
Prices may be above city median

The feel of the placeLifestyle

Daily life in King West is dynamic with many options for dining and entertainment. It attracts a diverse crowd looking for an active urban lifestyle.

Great for young professionals first-time buyers

Within the boundaryWhat's nearby

The boundary

1.2 km²

Every count and every census figure on this page was measured inside this line — not within a circle drawn around a centre point.

Parks

Playgrounds

Transit stations

Grocery stores

Restaurants

Cafés

Gyms

Pharmacies

Counted across all 1.2 km² of King West. From OpenStreetMap, as of 2026-10-12.

The schoolsWhich schools, and how they rate

7.4/10

Average rating of the 1 rated school in this area

Elementary

Secondary

Niagara Street Junior Public School
Public · Grades JK–6 · Toronto DSB
7.4/107.3 over 5 yrs
626th of 3,045 Ontario elementary schools
305 students · EQAO 2024-2025
ALPHA Alternative Junior School
Public · Grades JK–6 · Toronto DSB
Not rated
75 students
Oasis Alternative Secondary School
Public · Grades 9–12 · Toronto DSB
Not rated
80 students

Ontario Ministry of Education school registry; ratings from the Fraser Institute report card. These are the schools that stand inside King West, not a catchment — most Ontario boards do not publish attendance boundaries, and we will not draw a line we cannot source. Confirm enrolment with the school board before you buy.

The peopleWho lives here

25,090

Population (2021)

1.1 km²

Area

22,396

People per km²

33.2

Median age

$98,675

Median income

46%

Own their home

1.6

People per household

15,860

Households

Every age

Children (under 15)6.3%
Working age (15–64)88.9%
Seniors (65+)4.8%

What is built here

Townhouses2.6%
Duplexes1.4%
Low-rise apartments6.1%
High-rise apartments89.3%

Own or rent

46%Owners

54%Renters

Across 15,860 households

When it was built

Mostly 2011–2015

1960 or earlier4%
1961–19802%
1981–19907%
1991–200010%
2001–200514%
2006–201015%
2011–201526%
2016–202123%

Share of occupied homes, by the era they were built in. Bars are drawn against the busiest era, not against each other, because the eras are not the same length. The eight shares are unlikely to total exactly 100: Statistics Canada rounds each era's count to the nearest 5 before publishing it, so we print what the census reports rather than adjusting a figure to make the column add up.

32.3%
Born outside Canada: 72%
Hold a degree or higher: 79.9%
Employment rate: 22%
Commute by transit: 38.7%
Commute by car: 1.3
Children per family: $81,558
Median income after tax: $133,285
Average household income: 11.9%
Living on a low income: $2,062/mo
Renters pay, per month: $2,243/mo
Owners pay, per month: $742,732
Median home value at census: 43%
Renters spending 30%+ of income on housing: 33.2%
Owners spending 30%+ of income on housing

Statistics Canada, Census of Population 2021. Added up from 12 census areas inside the boundary. Medians and rates are a population-weighted average of dissemination-area figures.

Sources: HOMEH listings, Statistics Canada, Census of Population 2021, OpenStreetMap, HOMEH school registry