Year Built
2004
Mid-Rise Condo
The Rio IV Condos
by Heather Downs Developments Inc.
195 Merton Street, Toronto, ON M4S 3G9
Total Units
124
Avg $/sqft
$913
Storeys
12
Available Units in The Rio IV Condos
1
Unit for sale
From $539,000
1
Unit for rent
From $3,199/mo
Live MLS · Updated daily
Overview
Catering to the many prospective homeowners attracted to midtown’s Mount Pleasant neighbourhood, the Conservatory Group’s Rio III Condos are a popular fixture at 195 Merton Street. Developed to bring sought-after luxury residences to this well-established neighbourhood, plenty of of careful consideration went into the execution of the Rio 3 Condos. As the name suggests, this property is the third phase of this development, and follows The Rio and The Rio IIl.
The Conservatory Group called upon the experienced E.I. Richmond Architects to design 195 Merton. E.I. Richmond’s commitment to designing structures that fit fluidly into their environment served the site well, as their design for the building showcases a unique combination of different aesthetics.
Completed in 2003, 195 Merton consists of a wide, 5-storey podium with a 12-storey tower rising above. The exterior concrete has been cast with modern details, elegantly complementing the condos’ gleaming windows and glass-walled balconies. Everything is arranged according to time-tested, classical proportions: onlooking eyes are lead towards the centre, where the design culminates in a chic glass awning situated above the building entrance.
After entering the building through this awning, residents will be happy to find the building's lobby staffed by a 24-hour concierge service. The space has also been refurbished by JCO & Associates, an indication of the pride those living here have for their homes.
Residents are also proud for another reason beyond the brilliant architecture and neighbourhood charm: homeowners living at 195 Merton have access to some great amenities as well. This includes a well-equipped exercise room, a sauna, a meeting room, a billiards room, and a spacious party room facing south towards the lush natural landscapes of the Kay Gardner Beltline.
Developer
Heather Downs Developments Inc.
Year Built
2004
Property Type
Mid-Rise Condo
Storeys
12
Total Units
124
Management
Goldview Property Management Ltd
Amenities
Underground Parking
Rec Room
Security System
Fitness Centre
Sauna
Visitor Parking
Party Room
24/7 Concierge
Price History
24 recordsLoading history…
Market Stats
Prices in The Rio IV Condos are down 4.9% compared to last year.
$913
Avg $/sqft
-4.9%
YoY change
46
Avg days on market
Location & Walkability
Walk Score
83/100
Daily errands on foot
Transit Score
83/100
TTC, GO, subway access
Bike Score
56/100
Bike lanes & infrastructure
Neighbourhood in Toronto
Mount Pleasant West
family-friendly walkable convenient community-oriented
Mount Pleasant West is a vibrant neighbourhood in Toronto. It offers a mix of amenities and good schools, making it suitable for families and young professionals.
Toronto, Ontario
© Wikimedia Commons contributors (CC BY-SA)
At a glance
What it costsAffordability
Median asking price
In Ontario
$716,900
Median monthly rent
In Ontario
$2,499
On the marketMarket snapshot
For sale
0
For rent
0
Recently sold
Sign in to see sold data
Recently leased
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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
- Great access to public transit
- Many grocery stores nearby
- Plenty of parks and green spaces
- Diverse dining options
- Strong community feel
Keep in mind
- Median sale price is above city average
- Higher rental prices compared to city median
The feel of the placeLifestyle
Daily life in Mount Pleasant West is active and convenient, with many services within walking distance. The area has a friendly community vibe.
Great for first-time buyers families young professionals
Within the boundaryWhat's nearby
The boundary
1.3 km²
Every count and every census figure on this page was measured inside this line — not within a circle drawn around a centre point.
10
Parks
14
Playgrounds
4
Transit stations
12
Grocery stores
52
Restaurants
28
Cafés
12
Gyms
10
Pharmacies
Counted across all 1.3 km² of Mount Pleasant West. From OpenStreetMap, as of 2026-10-12.
The schoolsWhich schools, and how they rate
7.6/10
Average rating of the 3 rated schools in this area
6
Elementary
4
Secondary
North Toronto Collegiate Institute
Public · Grades 9–12 · Toronto DSB
8.4/108.8 over 5 yrs46th of 742 Ontario secondary schools
1,220 students · EQAO 2024-2025
Davisville Junior Public School
Public · Grades JK–6 · Toronto DSB
8.0/107.8 over 5 yrs337th of 3,045 Ontario elementary schools
590 students · EQAO 2024-2025
St Monica Catholic School
Catholic · Grades JK–8 · Toronto CDSB
6.5/106.8 over 5 yrs1,231st of 3,045 Ontario elementary schools
345 students · EQAO 2024-2025
Caesar International Academy
Independent
Not rated
Eglinton Junior Public School
Public · Grades JK–5 · Toronto DSB
Not rated
500 students · EQAO 2024-2025
John Fisher Junior Public School
Public · Grades JK–6 · Toronto DSB
Not rated
310 students · EQAO 2024-2025
Ontario Ministry of Education school registry; ratings from the Fraser Institute report card. These are the schools that stand inside Mount Pleasant 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
39,387
Population (2021)
1.4 km²
Area
29,173
People per km²
37
Median age
$78,495
Median income
26%
Own their home
1.7
People per household
22,625
Households
Every age
- Children (under 15)9.0%
- Working age (15–64)77.1%
- Seniors (65+)13.9%
What is built here
- Detached houses2.1%
- Semi-detached0.8%
- Townhouses0.9%
- Low-rise apartments8.2%
- High-rise apartments87.4%
Own or rent
26%Owners
75%Renters
Across 22,625 households
When it was built
Mostly 1961–1980
- 1960 or earlier10%
- 1961–198028%
- 1981–19907%
- 1991–20009%
- 2001–20055%
- 2006–201010%
- 2011–20155%
- 2016–202126%
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.
- 42.7%
- Born outside Canada
- 62.4%
- Hold a degree or higher
- 65.4%
- Employment rate
- 43.4%
- Commute by transit
- 39.3%
- Commute by car
- 1.4
- Children per family
- $67,256
- Median income after tax
- $97,527
- Average household income
- 16.6%
- Living on a low income
- $1,780/mo
- Renters pay, per month
- $1,963/mo
- Owners pay, per month
- $801,579
- Median home value at census
- 46%
- Renters spending 30%+ of income on housing
- 29.4%
- Owners spending 30%+ of income on housing
Statistics Canada, Census of Population 2021. Added up from 24 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, Photo: © Wikimedia Commons contributors (CC BY-SA)
