Published 19 October 2026 · By Jatin Dua, Broker of Record, RE/MAX Quantum Realty
Building at a glance · Wellington Place
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15 & 35 Mercer St, Toronto
Built
2024
Storeys
45
Suites
657
Corporation
TSCC-3043
Walk Score
99
Free · about 45 seconds · no obligation
What is your unit at Nobu Residences worth today?
Floor, exposure, parking and this building’s own recent sales move the number. Your estimate appears instantly, and a written CMA from me is one tap after.
- Uses this building’s own recent sales
- Adjusts for floor, view and parking
- Your number appears instantly
How you get around
Scores from Walk Score®
Walk Score
Walker's Paradise
Transit Score
Rider's Paradise
Bike Score
Biker's Paradise
Transit, nearest first
- 504King St West at John St West Side504 King / 508 Lake Shore streetcarSteps away
- 1St Andrew stationLine 1 Yonge–University0.5 km
- GOUnion Station GOBarrie / Kitchener / Lakeshore East / Lakeshore West / Milton / Richmond Hill / Stouffville lines0.8 km
- UPUnion stationUP Express · Pearson to Union0.8 km
- 19BayTTC bus0.9 km
- 97YongeTTC bus0.9 km
- 114Queens Quay EastTTC bus0.9 km
TTC is renewing streetcar track at Long Branch Loop through late 2026; some Lake Shore streetcar trips run as buses.
Distances are straight-line from the building.
How far is everything?
From the front door, in kilometres.
Schools for this address
Public schools from the TDSB school locator, checked 18 October 2026. Boundaries change: confirm with the board before you buy.
ElementaryJK–6
Ogden Junior Public School
33 Phoebe St, Toronto
0.6 km · ~9 min walk
Zoned for this address
MiddleGr 7–8
Ryerson Community School
96 Denison Ave, Toronto
1.2 km · ~19 min walk
Zoned for this address
High schoolGr 9–12
Harbord Collegiate Institute
286 Harbord St, Toronto
2.6 km
Zoned for this address
Catholic elementary
Bishop Macdonell Catholic Elementary
0.8 km · ~13 min walk
Nearest, confirm zoning
Catholic elementary
St Mary Catholic Elementary School
1.2 km · ~19 min walk
Nearest, confirm zoning
Catholic secondary
St Joseph's College School
2.1 km
Nearest, confirm zoning
French-language · Viamonde (public)
Ecole Elementaire Gabrielle Roy
1.9 km
Nearest, confirm zoning
Catholic (TCDSB) and French-language schools shown are the nearest to the building, not confirmed zoning. Check the TCDSB school locator, Viamonde or MonAvenir.
By the numbers
What units at Nobu Residences actually trade for
| Unit type | Sold | Median price | Leased | Median rent |
|---|---|---|---|---|
| 1 bed | 3 | $530,000 | 33 | $2,320/mo |
| 2 bed | 26 | $712,500 | 112 | $3,200/mo |
| 3 bed + | 5 | $1,155,000 | 10 | $4,450/mo |
Table covers the last 24 months. TRREB MLS® System aggregates; a median is shown only with 3 or more deals, and sizes come from listing ranges. Not an appraisal: get an estimate for your unit.
Living here
Renters, Airbnb and elevators at Nobu Residences
Do mostly owners or renters live here?
Renter-heavy building. Of 392 deals here in the last 24 months, 345 were leases and 47 were sales. A high lease share usually means more investor owners, more move-ins and a deeper pool of rental comparables.
Can you Airbnb a unit at Nobu Residences?
No active City registrations here right now. In Toronto you can only host in your principal residence, a whole unit for at most 180 nights a year, with a $390 yearly registration and 6% accommodation tax. You cannot buy here to run it as a full-time Airbnb. Check the condo’s rules in the status certificate before you count on it.
How reliable are the elevators?
Ontario requires residential buildings to report any elevator outage lasting 48 hours or more, and this address has none on record. Elevators still need modernizing every 25 to 30 years, so check the reserve fund study for the date.
Sources: TRREB MLS® System lease and sale counts; City of Toronto short-term rental registrations (Open Data, 18 Oct 2026); TSSA Residential Elevator Availability portal.
Before you buy here
Five things the listing will not tell you about Nobu Residences
- Reserve fund health. Ask for the latest reserve fund study and its date. A thin fund in an older building usually means fee jumps or a special assessment.
- Special assessments and big repairs. Check the status certificate for planned levies and for balcony, garage, window or elevator work.
- Insurance deductible. Find the corporation’s deductible for water damage. If it is higher than your own policy covers, raise your coverage before closing.
- Fee trend. Compare this year’s budget with last year’s. Rises of 2–5% a year are typical; bigger jumps need an explanation.
- Lawsuits and rules. Look for legal claims against the corporation, and for rules on pets, short-term rentals and leasing.
Send me the status certificate and I will flag anything that matters before your conditional period runs out.
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Eat, drink and shop nearby
Within about a 10-minute walk.
Caribbean
Jamaican Spiked Patties
Steps away
Burgers
A&W
Steps away
Chicken
Popeyes
Steps away
Pizza
Jz's Pizza
Steps away
Bar
Sakura Lounge
Steps away
Coffee
Second Cup
Steps away
Places from OpenStreetMap. Check hours before you go.
Parks nearby
- Grasett Park
- Isabella Valancy Crawford Park
- Simcoe Park
Nearest grocery
No Frills
0.4 km · ~6 min walk
Prices: TRREB MLS® System aggregate medians for 15 & 35 Mercer St, last 12 months (updated 18 October 2026), compiled by Jatin Dua, Broker of Record, RE/MAX Quantum Realty Inc., Brokerage; deemed reliable, not guaranteed. Schools: TDSB school locator; Catholic and French schools: nearest by distance. Transit and scores: Walk Score® and TTC/GO station locations. Nearby places: OpenStreetMap. Distances are straight-line estimates.
Nobu Residences on Mercer Street is the building buyers ask me about because of the name on the door. The Nobu restaurant opened at the base in 2024 and the hotel followed in 2025, but the condos above are mostly compact one- and two-bedroom suites in a brand-new building, and that is how I would judge them. The brand is a bonus, not the reason to buy. I’m Jatin Dua, RE/MAX Quantum Realty.
Quick answer
Nobu Residences is a two-tower, 45-storey condominium at 15 and 35 Mercer Street, between John Street and Blue Jays Way in the Entertainment District, downtown Toronto. It was developed by Madison Group with Westdale Properties and designed by Teeple Architects. Listing data shows 657 suites, and the condominium corporation, TSCC-3043, was registered on 11 March 2024. Suites run from about 416 to 1,389 square feet. The top five floors of the west tower are a 36-suite Nobu hotel, and the Nobu restaurant occupies two levels at the base.
Nobu Residences at a glance
What the Nobu name actually means for owners
Nobu is a restaurant and hotel brand, and here it has three parts. The two-level Nobu restaurant and bar opened at 25 Mercer in August 2024, its first location in Canada, with interiors by Studio Munge. The 36-suite Nobu Hotel occupies floors 41 to 45 of the west tower and began taking guests in June 2025. The condominium suites sit below and in the east tower.
For an owner, the brand means a busy, well-known address and a restaurant downstairs. It does not automatically mean hotel services in your suite. Ask exactly what, if anything, the residential corporation gets from the hotel, whether there are any shared facilities, and how costs are divided between the condo, the hotel and the commercial units. That is in the declaration and shared facilities agreement, and it matters more than the logo.
Teeple towers behind heritage facades
Teeple Architects designed two 45-storey towers on a glazed podium. Three heritage buildings were kept as facades along Mercer Street: two industrial buildings from around 1909 at 15 and 19 Mercer, and the 1938 former Pilkington Glass factory at 31 Mercer. The new structure was built behind them, and the hotel sits above the old glass factory.
The result is a street front that still looks like the old warehouse district, with modern towers set back behind it. Retail, the restaurant, the hotel and the residential lobbies take the ground and second floors, and condo suites start on the third floor.
Amenities are on the ninth and tenth floors. As planned, they include a fitness centre and an outdoor Zen garden terrace. Listing data is thin on the full amenity list, so tour the floors and get the list from management rather than from a sales brochure.
The restaurant is a big part of the base. UrbanToronto reported it at roughly 15,000 square feet over two levels, with a bar lounge, outdoor seating and private dining rooms. That is a lot of evening activity directly below the residential floors, which is worth thinking about if your suite is low and faces Mercer.
Thinking about buying or selling here?
I work this area every week and I will give you a straight answer, including when the answer is to wait. No pressure, and no drip campaign you cannot get out of.
Call or text 833-330-1925 Send me a message
Jatin Dua, Broker of Record — RE/MAX Quantum Realty Inc., Brokerage. Not intended to solicit buyers or sellers currently under contract with another brokerage.
Compact suites in a premium building
Suites run from about 416 to 1,389 square feet, but most of what is for sale now is under 800. The current listings include one-plus-dens in the 500s and 600s, and several two-bedrooms in the 600 to 799 square foot range. A two-bedroom in under 700 square feet means small bedrooms; check that each has a window and fits a bed with space to walk around it.
This is a 2024 building, so original owners are still the main sellers, and many bought as investors. Expect a lot of near-identical suites listed for sale and for lease at the same time. That makes pricing easy to compare, but it also means a seller needs a reason to stand out: a higher floor, a better view, a proper den or a larger plan.
A building this new also has a short track record. The first years after registration are when the corporation sets its real budget, the developer hands over control to an owner-elected board, and the first reserve fund study replaces the developer’s estimates. Fees in new buildings often rise once actual operating costs are known. Ask for the current budget, the most recent board minutes and the reserve fund study, and look for any notice of a fee increase before you firm up an offer.
Mercer Street day to day
Mercer is a short street between John Street and Blue Jays Way, a block south of King Street West, in the middle of the Entertainment District. You are a few minutes on foot from TIFF Bell Lightbox, Roy Thomson Hall, the Rogers Centre and the financial district, with restaurants on every side.
It is not quiet. Nightlife, event crowds and a busy restaurant and hotel at the base mean taxis and foot traffic late into the evening, and Mercer Street has more towers going up around it, including NO55 Mercer next door. If you want a calm street, this is the wrong one. If you want to walk everywhere, it is hard to beat. The data panel on this page has transit and walkability details.
What Nobu Residences costs
The building average is about $1,014 per square foot, one of the higher figures in the Entertainment District, which reflects how new the building is and the brand premium.
At the time I wrote this, 15 suites were for sale and 10 for lease. One-plus-dens were asking roughly $499,000 to $538,888, and two-bedrooms roughly $639,900 to $728,000. Fees on those listings ran from about $420 to $545 a month, or about $0.75 per square foot.
Listing data does not say what the fee includes, so get the budget from the status certificate and ask which utilities are metered to each suite. In new buildings like this, heat, cooling and hydro are often on your own account, which would make the fee less of a bargain than it looks. For actual sold figures, use the aggregate data on this page or ask me for a building sold report.
Building specifications
| Building name | Nobu Residences |
| Address | 15 and 35 Mercer St, Toronto |
| Developer | Madison Group with Westdale Properties |
| Architect | Teeple Architects |
| Storeys | Two towers, 45 storeys each |
| Total suites | 657 (per listing data; about 660 per UrbanToronto) |
| Hotel | 36-suite Nobu Hotel on floors 41 to 45 of the west tower |
| Condo corporation | TSCC-3043 |
| Registered | 11 March 2024 |
| Suite sizes | Approximately 416 to 1,389 sq ft |
| Maintenance fees | About $0.75 per sq ft on current listings |
| Heritage | Facades of 15 and 19 Mercer (c. 1909) and 31 Mercer, the 1938 Pilkington Glass factory |
Amenities at Nobu Residences
The amenity floors are on levels nine and ten, and the restaurant and hotel at the base bring a level of activity few condo buildings have. Confirm what residents can use and what belongs to the hotel, because the two are run separately.
Jatin’s honest take on Nobu Residences
Who this building suits
Professionals who want to live in the middle of the Entertainment District and walk to work, buyers who like a new building with a recognisable name, and investors looking for a suite that leases on location and brand. It suits people who eat out often and do not mind noise.
What I’d want you to check
Read the declaration and shared facilities agreement to see how the condo, hotel and commercial parts split costs. Find out what the fee includes and which utilities you pay. As a 2024 building, it is still in the warranty and deficiency period, so ask about open Tarion claims and the first reserve fund study. Measure small two-bedrooms. Confirm parking and locker arrangements and read the rules on leasing and pets.
The value question
At about $1,014 per square foot, you are paying for a new building, a strong location and a brand. With many investor units on the market at once, I would not pay a premium for the name alone. A well-placed suite with a good view and a usable plan is worth the price; a small interior-facing unit should be bought on its numbers, not its logo.
Free building report: Nobu Residences
Send me your email and I’ll put together a current report on Nobu Residences — real sold comparables, what’s listed right now, and what the maintenance fees actually cover.
- Every sale in the building over the last 12 months
- Current active listings and asking prices
- Maintenance fee breakdown and what’s included
- My read on which exposures and floors hold value
Tell me what you are planning
Three quick answers so I come back with something useful, usually the same day.
Thinking about buying or selling here?
I work this area every week and I will give you a straight answer, including when the answer is to wait. No pressure, and no drip campaign you cannot get out of.
Call or text 833-330-1925 Send me a message
Jatin Dua, Broker of Record — RE/MAX Quantum Realty Inc., Brokerage. Not intended to solicit buyers or sellers currently under contract with another brokerage.
Nobu Residences — frequently asked questions
Who developed Nobu Residences?
Madison Group, with Westdale Properties. Teeple Architects designed the towers.
How tall are the towers?
Both towers are 45 storeys.
How many suites are there?
Listing data shows 657 condo suites; UrbanToronto reported about 660. Condo suites start on the third floor.
Is there a Nobu hotel in the building?
Yes. The 36-suite Nobu Hotel occupies floors 41 to 45 of the west tower and began taking guests in June 2025.
When did the Nobu restaurant open?
The two-level restaurant and bar at 25 Mercer opened in August 2024, the brand’s first in Canada.
What heritage buildings were kept?
The facades of two industrial buildings from around 1909 at 15 and 19 Mercer, and the 1938 former Pilkington Glass factory at 31 Mercer.
When was the building registered?
The corporation, TSCC-3043, was registered on 11 March 2024.
What amenities does Nobu Residences have?
Amenities are on the ninth and tenth floors and were planned to include a fitness centre and an outdoor Zen garden terrace, plus concierge.
What do the maintenance fees include?
Listing data does not show fee inclusions. Get the budget from the status certificate and ask which utilities are metered separately.
How does it compare with NO55 Mercer next door?
NO55 Mercer, at 99 Blue Jays Way and 55 Mercer, is CentreCourt’s 47-storey building registered in 2023. Nobu carries the brand and heritage frontage; compare fees and inclusions suite by suite.
How much do condos at Nobu Residences sell for?
Over the last 12 months the median resale at Nobu Residences was $727,500, across 34 sales. The typical unit sold in 43 days at about 97% of the asking price. That works out to roughly $986 per square foot.
How much is rent at Nobu Residences?
The median lease at Nobu Residences over the last 12 months was $3,100/mo, from 155 leases. Units typically leased in 10 days.
What does each unit type cost at Nobu Residences?
Over the last 24 months: One-bedrooms sold for a median $530,000 and rented for $2,320/mo; Two-bedrooms sold for a median $712,500 and rented for $3,200/mo; Three-bedrooms sold for a median $1,155,000 and rented for $4,450/mo. Each median uses three or more deals.
What rental yield does Nobu Residences offer an investor?
At a median price of $727,500 and a median rent of $3,100 a month, the gross yield is about 5.1%, before maintenance fees, property tax, insurance and mortgage interest. Net cash flow depends on the fee and your down payment, so run the numbers for the exact unit.
Do mostly owners or renters live at Nobu Residences?
Mostly renters. Of the deals here in the last 24 months, 88% were leases and 12% were sales.
Can you Airbnb a unit at Nobu Residences?
Only in limited cases. Toronto allows short-term rentals only in your principal residence, a whole unit for at most 180 nights a year, with a $390 yearly City registration and 6% accommodation tax. The City’s register shows no active short-term rental registrations at this address. The condo’s declaration and rules can ban short stays outright, so check them in the status certificate.
Has Nobu Residences had elevator outages?
None on record. Ontario requires residential buildings to report elevator outages of 48 hours or more to TSSA, and this address has no reported outage since July 2022.
What schools is Nobu Residences zoned for?
For TDSB public schools, the address is zoned for Ogden Junior Public School (Elementary, JK–6), Ryerson Community School (Middle, Gr 7–8), Harbord Collegiate Institute (High school, Gr 9–12). Catholic and French-language schools are listed on this page by distance. Boundaries change, so confirm with the board before you buy.
What is the closest subway or GO station to Nobu Residences?
The nearest subway is St Andrew station (Line 1 Yonge–University), 0.5 km away; the nearest GO station is Union Station GO on the Barrie / Kitchener / Lakeshore East / Lakeshore West / Milton / Richmond Hill / Stouffville lines, 0.8 km; UP Express runs from Union station, 0.8 km; the 504 King / 508 Lake Shore streetcar stops 0.1 km away; the closest bus is the Bay (TTC bus). Distances are straight-line from the building.
What is the Walk Score of Nobu Residences?
Walk Score 99, Transit Score 100 and Bike Score 90. Most daily errands can be done on foot.
Which parks are near Nobu Residences?
Grasett Park, Isabella Valancy Crawford Park, Simcoe Park are the closest green spaces.
What is my unit at Nobu Residences worth?
Use the free AI estimator at the top of this page. It uses this building’s own recent sales and adjusts for floor, view and parking, and your number appears instantly. For a written CMA, I will price your exact unit against the latest comparable sales.
How do I find out when a unit at Nobu Residences lists or sells?
Join the building alerts on this page. I watch this building by hand and will tell you when a unit lists, sells or drops in price, with my read on whether it is priced right.
Looking at King West, Liberty Village and CityPlace more broadly? Start with my Toronto community guide — the neighbourhoods, what each pocket is like, and how they compare.
Condo Valuation
What’s your condo
worth today?
Three quick steps. Condos don’t price like houses — your floor, your view, and whether you own parking move the number more than anything else. This weighs all of them.
Reading recent condo sales…
Estimated market value
—
$0–$0
Most likely $0 · about $0 per square foot
What moved the number
Starting from what comparable units in your area sell for, here’s what your specifics added or subtracted.
Market context
—
—
Two units, same floor plan,
$90,000 apart.
That happens constantly in condos — one has the parking, the right exposure, or a board that keeps the reserve fund healthy. A model can’t see your status certificate. I can.
About the author — Jatin Dua, Toronto condo broker
I’m Jatin Dua, Broker of Record at RE/MAX Quantum Realty. I work condo buildings across Toronto and the GTA every week, including King West, Liberty Village and CityPlace. What buyers and sellers usually need is someone who knows the individual buildings: which exposures get the light, which corporations keep healthy reserve funds, and which units are priced past what they will appraise for.
If you’re buying or selling at Nobu Residences, I’ll give you the honest version — including when I think you should walk away. Reach me at [email protected] or 833-330-1925, or book a free consultation.
More King West, Liberty Village and CityPlace building guides: 123 Portland · 263 Wellington West · 300 Front Street West · 32 Camden Street Lofts · 330 Richmond · 357 King West
More resources: GTA condo directory · Building sold report · Book a call
© 2026 Jatin Dua, Broker of Record, RE/MAX Quantum Realty Inc., Brokerage. The building data on this page was compiled and verified by Jatin Dua. Reproduction or republication, in whole or in part, requires written permission. To request permission, call 833-330-1925.