Skip to main

    Highlights

    Property Type:
    Condo
    Number of Storeys:
    12
    Number of Units:
    124
    Condo Completion:
    2003
    Condo Demand:
    High
    Unit Size Range:
    396 - 1,964 SQFT
    Unit Availability:
    Low
    Property Management:

    Amenities

    Sauna
    Rec Room
    Indoor Parking
    Security System
    Party Room
    Gym
    Bike Storage
    Concierge
    Visitor Parking
    Amenity details for reference only. Independently verify accuracy.

    About 225 Merton StThe Rio IIl

    Following the success of the Conservatory Group’s first development in the area, The Rio, they teamed up with Heather Downs Developments in order to build the Rio II Condos at 225 Merton, which brought even more luxury residences to the Mount Pleasant East neighbourhood. In fact, the Rio development has been such a success that it warranted a third iteration — The Rio IV Condos.

    Completed in 2002, the developers consulted the local community and the municipal government to ensure the condo served the best interests of both prospective residents and the neighbourhood at large. As a result, 225 Merton proves to be an attractive fixture in the area, whether one lives inside the building or not.

    Designed by the Toronto-based E.I. Richmond Architects, the building structure consists of a 12-storey tower placed atop a stout, 5-storey podium. This aesthetic might be considered postmodern — a refined mix of many styles.

    The postmodern style starts with the Rio II Condos’ concrete exterior, featuring understated yet modern sculptural details. This concrete offers the perfect canvas for the contemporary, gleaming, glass-walled balconies and triple framed windows. Finally, these different styles come together so well thanks to E.I. Richmond Architect’s inspired application of classical proportions to the building.

    In addition to its architecture’s sophisticated aesthetics and proportions, the Rio II Condos attracts many prospective residents since it contains a remarkable collection of amenities. This includes an exercise room along with a sauna and a whirlpool, a party room, with its own kitchen, a versatile meeting room, a billiards room, a common patio equipped to barbecue and set inside a lush courtyard garden, and finally, a 24-hour concierge service staffing the chic lobby.

    The Suites

    At 225 Merton, there are 124 suites, ranging in size from approximately 400 to 1,400 square feet. This includes one-, two-, and three-bedroom layouts which all feel quite comfortable, especially since most living spaces extend onto either a private patio, a terrace, or balcony. That’s right, some suites generously boast access to multiple outdoor spaces.

    Inside, the suites feature intelligently designed floor plans, maximizing the way natural light is able to flow through the generously-sized windows that fill the suites. This gives 225 Merton’s homes a bright and fresh atmosphere. Even though many of the Rio II Condos’ former residents have customized their suites over the years, all Toronto condos for sale here remain warm and welcoming to the core.

    The Neighbourhood

    225 Merton is the closest of the Rio Condos to Mount Pleasant Road — granted all are within a single city block. Nonetheless, residents often enjoy Davisville’s eclectic commercial scene along Mount Pleasant, as well as the grassy fields of June Rowlands Park, which contains a baseball diamond, tennis and basketball courts, and a picnic area.

    There are many unique offerings on Mount Pleasant, highlighted by the Granite Brewery. At the corner of Eglinton and Mount Pleasant, Nova Scotian Kevin Keefe opened the Granite Brewery in 1991, offering some of the first craft beers in Toronto. Today his daughter, Mary Beth Keefe, is the brew master — their selections may be even better. Residents may find themselves here often, with a different rotation of tasty brews every season.

    Transportation

    Even without a car, residents can get around the city with ease. The TTC’s Davisville Station sits on Yonge Street, just steps north of Merton Street. After a ten-minute walk from the Rio II Condos, travelers can catch trains from Davisville that are heading north and south through the city on the Yonge-University-Spadina line.

    For those who prefer to drive, residents have their choice of different fast-paced midtown roadways on which to venture throughout the city. Drivers will become quite familiar with Bayview Avenue, though: this is the next major street east of the building after Mount Pleasant, and leads south to the closet highway, the Don Valley Parkway — often in just under ten minutes.

    Water
    Included
    Hydro
    Not Included
    Heat
    Not Included
    Air Conditioning
    Not Included

    Listing History for The Rio IIl

    Jun, 2025
    225 Merton St, unit 602 for sale
    Unit 602
    Jun 26, 202513 days on strata
    Sold for $620,000Listed for $629,0001 bd | 1 ba | 648 sqft | 1 pkg
    225 Merton St St, unit 610 for sale
    Unit 610
    Jun 02, 2025119 days on strata
    TerminatedListed for $679,9001 bd + 1 | 1 ba | 648 sqft | 1 pkg
    Receive listing updates for Mount Pleasant West

    Reviews for The Rio IIl

    No reviews yet. Be the first to leave a review!

    1

    Listings For Sale

    Interested in receiving new listings for sale?

    0

    Listings For Rent

    Interested in receiving new listings for rent?

    Similar Condos

    Explore Mount Pleasant West

    Map

    © OpenStreetMap
    map of location
    View My Travel Time
    8/10
    Walkability
    You’re in stride with amenities—most of your needs are just a playlist away.
    8/10
    Transit
    Transit's there for you, like a loyal golden retriever.
    5/10
    Bikeability
    You'll have a love-hate relationship with your gears. Mostly hate.

    Demographics

    Based on the dissemination area as defined by Statistics Canada. A dissemination area contains, on average, approximately 200 – 400 households.

    Population
    11,711
    Average Individual Income
    $59,569
    Average Household Size
    3 persons
    Average Age
    45
    Average Household Income
    $98,571
    Dominant Housing Type
    High Rise Apartment
    Population By Age
    0 - 14
    13%
    15 - 19
    1%
    20 - 34
    28%
    35 - 49
    19%
    50 - 64
    19%
    65+
    17%
    Household Income
    $0 - $30,000
    48%
    $30,000+
    26%
    $60,000+
    14%
    $90,000+
    8%
    $125,000+
    3%
    Housing Types & Tenancy
    High Rise Apartment
    44%
    Detached
    28%
    Low Rise Apartment
    12%
    Semi Detached
    11%
    Duplex
    3%
    Marital Status
    Commute
    Languages (Primary Language)
    Other
    69%
    Mandarin
    14%
    Cantonese
    11%
    Tagalog
    2%
    Telugu
    1%
    Arabic
    1%
    Spanish
    1%
    Hindi
    1%
    Education
    University and Above
    41%
    High School
    23%
    College
    15%
    None
    14%
    University Below Batchelor
    3%
    Apprenticeship
    2%
    Major Field of Study
    Business Management
    28%
    Architecture & Engineering
    19%
    Social Sciences
    11%
    Health & Related Fields
    10%
    Math & Computer Sciences
    8%
    Physical Sciences
    5%
    Humanities
    4%
    Education
    3%
    Visual & Performing Arts
    3%
    Personal, Protective & Transportation Services
    2%
    Agriculture & Natural Resources
    1%



    Days on Strata

    Units at The Rio IIl spend an average of
    9
    Days on Strata
    based on recent sales

    List vs Selling Price

    On average, these condos sell for
    100%
    of the list price.
    Or in other words, the
    entire list price

    Offer Competition

    Condos in this building have an
    AVERAGE
    chance of receiving
    Multiple Offers
    compared to other buildings in Mount Pleasant West

    Turnover of Units

    On average, each unit is owned for
    5.6
    YEARS before being sold again

    Property Value

    -1%
    Decrease in property value within the past twelve months

    Price Ranking

    9th
    Highest price per SQFT out of 80 condos in the Mount Pleasant West area

    Sold Units

    3
    Units were Sold over the past twelve months

    Rented Units

    5
    Units were Rented over the past twelve months

    Best Value Rank

    The Rio IIl offers the
    ?
    best value out of 80 condos in the Mount Pleasant West neighbourhood

    Appreciation Rank

    The Rio IIl has the
    ?
    highest ROI out of 80 condos in the Mount Pleasant West neighbourhood

    Rental Yield

    The Rio IIl yields the
    ?
    highest rent prices out of 80 condos in the Mount Pleasant West neighbourhood

    High Demand

    The Rio IIl is the
    ?
    most popular building out of 80 condos in the Mount Pleasant West neighbourhood

    Market Insights

    Transaction Insights at The Rio IIl

    Studio1 Bed1 Bed + Den2 Bed2 Bed + Den3 Bed
    Price RangeNo Data$620,000No Data$765,000$1,400,000No Data
    Avg. Cost Per SqftNo Data$970No Data$994$773No Data
    Avg. Wait for Unit AvailabilityNo Data203 Days165 Days182 Days592 DaysNo Data
    Ratio of Units in Building1%32%19%40%9%2%

    Market Inventory

    Total number of units listed and sold in Mount Pleasant West