The Rio II
253 Merton St, Midtown | Central
Features
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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
Building Sales History
Oct 2026 — 2 Listed | 0 Sold
34 days on market
MLS® # C13765884
Oct 9, 2026
New
Sep 10, 2026
Listed For Sale
$1,129,900
36 days on market
MLS® # C13753262
Oct 6, 2026
Price Change
Sep 8, 2026
Listed For Sale
$499,000
Mount Pleasant West Insights
Sale Price
Average
Median


