Building Image

The Rio II

253 Merton St, Midtown | Central

Features

Request more info

Price/Sqft Range

387 sqft - 1408 sqft

Avg Price/Sqft

$781 / sq. ft.

Completed

Built: 2002

Building Scale

Floors: 13 | Total Units: 124

Building Details

Building Type

High-Rise condo

Property Management

Built in 2002

Condo Corp

TSCC-1462

Date Registered

Sep 16, 2002

Maintenance Fees Include

Air Conditioning

Common Element

Heat

Hydro

Building Insurance

Parking

Water

Description

1 - About The Rio II

  • Address: 253 Merton St, Toronto
  • Neighbourhood: Mount Pleasant West, Midtown | Central, Toronto
  • Storeys: 13
  • Units: 124
  • Year Built: 2002
  • Builder: Heather Downs Developments
  • Building Type: High-Rise condo
  • Suite Sizes: 387 sqft - 1408 sqft
  • Average Price: $781 / sq. ft.

2 - Overview of The Rio II

Completed in 2002, The Rio II is a high-rise condominium situated in the Mount Pleasant West community of Midtown Toronto. This 13-storey tower houses 124 residential units and represents a purpose-built residential development rather than an industrial conversion.

The building's design reflects contemporary condominium architecture of the early 2000s, without the exposed brick or industrial elements characteristic of warehouse conversions. Located at 253 Merton Street, the tower serves as a bridge between the higher-density corridors of Midtown and the quieter residential streets that define this neighbourhood.

The Rio II offers residents a strategic position within Toronto's urban fabric, providing access to both the energy of Midtown living and the residential character of Mount Pleasant West.

3 - Suite Sizes & Value

The Rio II features suite layouts ranging from 387 square feet to 1,408 square feet, accommodating both first-time buyers and those seeking more spacious accommodations. The building's diverse floor plans include compact one-bedroom units ideal for urban professionals and larger layouts suitable for families or those requiring additional living space.

Average Price: $781 / sq. ft.

This pricing structure positions The Rio II competitively within the Mount Pleasant West market, offering value for those seeking established Midtown living. The range of suite sizes ensures various entry points for potential owners looking to establish themselves in this central Toronto neighbourhood.

4 - Building Amenities & Features

The Rio II provides residents with essential building amenities designed for comfortable urban living. The 13-storey structure includes modern building systems and maintenance services typical of professionally managed condominium properties.

As an established building from 2002, The Rio II offers the reliability of mature construction with updated building management practices that ensure ongoing resident satisfaction and property maintenance.

5 - Location Highlights

  • Merton Street Corridor: A well-established residential street known for its consistent architectural character and convenient access to local services and infrastructure.
  • Mount Pleasant West: A sought-after residential enclave that balances proximity to major urban amenities with neighbourhood charm, positioned strategically between Yonge Street and surrounding Midtown areas.
  • Midtown Connectivity: The location provides residents with excellent access to Toronto's transit network and the diverse amenities that define Midtown living.

6 - Lifestyle Near The Rio II

Residents of The Rio II enjoy life in Mount Pleasant West, one of Toronto's most desirable residential pockets. The neighbourhood combines the convenience of urban infrastructure with the appeal of tree-lined streets and local community character.

The area offers easy access to Yonge Street's commercial corridor while maintaining a distinct residential atmosphere. This balance makes it an attractive choice for professionals seeking both downtown accessibility and neighbourhood tranquility within Toronto's core.

7 - About the Developer

Heather Downs Developments Inc. (HDD) is an established Ontario-based real estate development company specializing in residential and commercial projects. The firm has demonstrated particular expertise in the Midtown Toronto market.

HDD's focused approach to development is evident in their concentrated presence along Merton Street, where they successfully delivered both The Rio II and The Rio III project at 195 Merton Street. This local concentration reflects their understanding of the Mount Pleasant West market and commitment to the neighbourhood's continued development.


Neighborhood

Park
Public Transit

Building Sales History

Feb 2026 — 1 Listed | 1 Sold

29 days on market

MLS® # C12719220

Feb 20, 2026

Sold

Jan 21, 2026

Listed For Sale

$669,000

Mount Pleasant West Insights

growth

Sale Price

Average

Median

Generated based on property type and location. Average values are derived using median calculations.