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$1,999,000
Toronto
11 Merrill Avenue West, Toronto (Woodbine Corridor), Ontario, M4C1C4
This 7-bedroom, 5-bathroom home in Toronto is for sale offering roughly 2,250 sq ft of space. It has been on the market 36 days, fresher than the Toronto average of 53 days.
Rare opportunity on the Danforth! Completely rebuilt detached home featuring 3+1 bedrooms and 4 bathrooms, plus a two-bedroom + den laneway house. This property offers a perfect blend of modern design and warm interior finishes, with high-end craftsmanship throughout. Impeccable attention to detail is evident in the custom millwork, flooring, and quartz countertops. Floor-to-ceiling windows flood the home with natural light, creating a seamless flow between living spaces, while heated bathroom floors add everyday luxury. The lower level includes a self-contained legal 1-bedroom in-law/nanny or income suite with a separate entrance. The two-storey laneway house features 2 bedrooms plus a den, polished concrete radiant heated floors, and separate hydro and gas meters. The laneway living room can be converted back to parking if desired, and there is ample street parking available. The main house is currently tenanted at $4,926/month, the laneway house at $3,508/month, and the basement was previously rented at $2,100/month. Gross Rent is $ 10,534 monthly. Tenants pay their own gas and electricity. Ideally located within walking distance to Woodbine and Coxwell subway stations, as well as the restaurants and shops along the Danforth. This is an exceptional opportunity offering luxury urban living with the added benefit of meaningful rental income. (id:66096)
Features and services as supplied by the listing brokerage.
Extended: 36 days on market, against an average age of 53 days across the listings currently for sale in this city
Homes here sell faster than most markets
Sold homes in this market spent an average of 33 days on the market over the past year, against a median of 48 days across the markets we publish.
Homes here sell below asking price
Homes in this market sold for an average of 94.6 percent of their asking price over the past year, below the 96.4 percent median across the markets we publish.
This 7-bed single family in Toronto (Woodbine Corridor) has been listed for 36 days, which is 17 days fresher than the city average of 53. Act while there is still low competition.
Approximate location — exact address confirmed upon showing
This home lists at $1,999,000, about 24.1× the local median household income of $83,000.
Carrying it typically needs a household income of about $390,475 (20% down, 25-yr amortization, stress-tested) — roughly 370% above the area median.
Source: Statistics Canada, 2021 Census (FSA M4C)
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Loading rates, 30-yr amortization
Cash Needed to Close
Rates via our partner mortgage brokers at iShopRates · Estimates only, not financial advice
Room details as supplied by the listing brokerage. Dimensions are shown in the unit the listing states, and are approximate.