Mid-Rise Condo

The Rio - Tower II Condos

by Heather Downs Developments Inc.

253 Merton Street, Toronto, ON M4S 1A9

Year Built

2002

Total Units

124

Avg $/sqft

$845

Storeys

Available Units in The Rio - Tower II Condos

Unit for sale

From $499,000

For Sale

Listed for:

Listed Sep 8, 2026

$499,000

Unit 606, 253 Merton Street

Toronto (Mount Pleasant West), ON M4S 3H2

1Bedroom

1Bathroom

1Parking

600-699Sq Ft

Condo ApartmentFor Sale

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Units for rent

Live MLS · Updated daily

Overview

It’s a good thing pets are welcome at 253 Merton Street: surrounded by parks, ravines, and even a 9-kilometre trail on an old railway line, this building is a dream for both residents and their furry friends.

Constructed in 2002 by Heather Downs Developments Inc., the Rio Tower II Condos rises to 13 storeys and contains 124 units. Its simple façade is covered mostly in stucco, with plenty of glass hinting at the bright homes found inside.

Although the building has been around for nearly two decades now, it certainly measures up to contemporary buildings as far as amenities go. Residents can entertain in the party room, break a sweat in the gym (or in the hot tub), relax in the billiards room and library, have a cookout on the communal patio, which happens to be conveniently equipped with barbecues. On top of all that, there’s a 24-hour concierge on staff, plus underground parking with spots for guests.

Developer

Heather Downs Developments Inc.

Year Built

2002

Property Type

Mid-Rise Condo

Storeys

Total Units

124

Management

Percel Inc.

Amenities

Underground Parking

Rec Room

Fitness Centre

Sauna

Visitor Parking

Party Room

Bike Storage

24/7 Concierge

Price History

24 records

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Market Stats

Prices in The Rio - Tower II Condos are down 4.7% compared to last year.

$845

Avg $/sqft

-4.7%

YoY change

Avg days on market

Location & Walkability

Walk Score

84/100

Daily errands on foot

Transit Score

81/100

TTC, GO, subway access

Bike Score

55/100

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.

Mount Pleasant West, Toronto — HOMEH neighbourhood guide

Toronto, Ontario

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

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.

Parks

Playgrounds

Transit stations

Grocery stores

Restaurants

Cafés

Gyms

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

Elementary

Secondary

North Toronto Collegiate Institute
Public · Grades 9–12 · Toronto DSB
8.4/108.8 over 5 yrs
46th 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 yrs
337th 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 yrs
1,231st 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

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)