The Rio III Condos — Toronto Pre-Construction
The Rio III is a resale pre-construction condos development by Heather Downs Developments Inc. in Toronto's Davisville Village. Get pricing, floor plans, d…
The Rio III Quick Facts
| Project Name | The Rio III |
|---|---|
| Developer | Heather Downs Developments Inc. |
| Address | 195 Merton Street |
| City | Toronto |
| Neighbourhood | Davisville Village |
| Region | Greater Toronto Area |
| Building Type | Condo |
| Sales Status | Resale |
| Storeys | 12 |
| Suite Sizes | 400 – 1 sq ft |
| Pricing | Register for pricing |
| Occupancy | 2004-01-01 |
| Walk Score | 83 |
| Transit Score | 84 |
About The Rio III in Toronto
The Rio III Condos is a completed condominium development by Heather Downs Developments Inc. at 195 Merton Street in the Davisville Village neighbourhood of Toronto. The 12-storey project rises 38 metres (124.7 feet) and contains 124 suites. The Rio III Condos was completed in 2004. Suites range from 400 to 1,596 sq. ft. The location has a Walk Score of 83 and a Transit Score of 84.
The Rio III is also marketed as The Rio III Condos, and listed in the developer's material as The Rio III Condos.
The Rio III Floor Plans & Price List
Floor plans, the current price list and deposit structure for The Rio III are released to registered buyers first. Request the The Rio III floor plans and pricing.
Amenities & Finishes
- ["-Gym / Exercise Room\r\n-Public Transit\r\n-Elevator\r\n-Sauna\r\n-Pets Allowed\r\n-Party Room\r\n-Meeting / Function Room\r\n-Security Guard\r\n-Concierge\r\n-Visitor Parking\r\n-Parking Garage\r\n-Enter Phone System"]
Location: 195 Merton Street
The Rio III is located at 195 Merton Street, Toronto in the Davisville Village neighbourhood, Greater Toronto Area.
- Walk Score: 83/100
- Transit Score: 84/100
Explore more pre-construction projects in Toronto or browse the Greater Toronto Area region.
About the Developer: Heather Downs Developments Inc.
The Rio III is being developed by Heather Downs Developments Inc..
See all Heather Downs Developments Inc. pre-construction projects.
How to Buy at The Rio III
- Register early. Allocation at The Rio III in Toronto is released to platinum brokerages before any public opening, so the best floor plans and lowest release pricing go to registered buyers first.
- Review the price list and deposit structure. Deposit structures for The Rio III are confirmed at each release and can differ for end users, investors and international buyers.
- Submit a worksheet. Worksheets rank your preferred suites or lots; they are not binding until the developer issues an allocation.
- Sign and use your cooling-off period. Ontario pre-construction condominium purchases carry a 10-day statutory rescission period for lawyer and lender review. Freehold purchases do not.
Closing Costs & Investor Notes for The Rio III
Budget beyond the purchase price at The Rio III: development and education levies (usually capped by amendment), Tarion enrolment, utility meter hook-ups, land transfer tax plus the Toronto municipal land transfer tax, HST treatment (the federal/provincial new-housing rebate applies to buyers who occupy or, for investors, the rental rebate applies with a one-year lease), and legal fees.
Assignment rights, rental-during-occupancy rights and capped levies vary release to release at The Rio III. Confirm each in the current agreement of purchase and sale before you sign.
The Rio III — Frequently Asked Questions
Where is The Rio III located?
The Rio III is located at 195 Merton Street, Toronto in the Davisville Village neighbourhood.
Who is the developer of The Rio III?
The Rio III is being developed by Heather Downs Developments Inc..
How much do units at The Rio III cost?
Pricing for The Rio III has not been publicly released. Registered buyers receive the price list first.
When is occupancy at The Rio III?
Estimated occupancy for The Rio III is 2004-01-01.
How many units are in The Rio III?
The Rio III is planned as a 12-storey condo development.
How do I get platinum or VIP access to The Rio III?
Circle Real Estate provides platinum access to The Rio III, including first access to floor plans, the price list and worksheet submission. Register on this page to be added to the VIP list.
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Register for The Rio III pricing, floor plans and VIP access on Circle Real Estate.
Last verified: 2026-10-18. Source: RedBricks project feed. Published by Circle Real Estate Brokerage. Prices and incentives are subject to change without notice. E. & O.E.