$1,250,000

For saleJust listed

#116 253 Merton Street, Toronto (Mount Pleasant West) - Single Family for Sale

#116 253 Merton Street, Toronto (Mount Pleasant West), Ontario, M4S3H2

2 beds2 baths2 parking1,300 ft²$1,846/mo condo feeListed 5 days ago

Overview

This 2-bedroom, 2-bathroom condo in Toronto is for sale offering roughly 1,300 sq ft of space. It has been on the market 5 days, fresher than the Toronto average of 45 days.

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Description

A Truly One-Of-A-Kind, Fully Renovated 2-Bedroom, 2-Bathroom Main-Floor Residence Offering An Exceptional Blend Of Luxury, Space, And Tranquility. This Rare, Sun-Filled South-Facing Suite Features Soaring Ceilings, Expansive Living And Dining Areas, And A Large Private Patio Overlooking Lush Gardens With Direct Walk-out Access To The Kay Gardner Beltline Trail and Mount Pleasant Cemetery. Completely Reimagined With High-End Finishes Throughout, Including Stunning New Flooring, A Custom-Designed Chef's Kitchen With Premium Stainless Steel Appliances, Elegant Stone Countertops, An Oversized Island, And Beautiful Custom Millwork. Both Bathrooms Have Been Fully Renovated With Contemporary Finishes And Thoughtful Design. The Spacious Primary Retreat Features A Luxurious Ensuite And Walk-In Closet With Custom Built-In Organizers. Extensive Bespoke Cabinetry, Custom Closet Systems, And Designer Details Throughout Provide Exceptional Storage And Everyday Functionality. Enjoy The Rare Convenience Of Two Parking Spaces, Including One Near The Elevator, And Two Lockers. Maintenance Fees Include Heat, Hydro, And Water. A Remarkable Turnkey Residence Offering The Comfort Of A Home, The Convenience Of Condo Living, And Unparalleled Access To Nature In One Of Toronto's Most Desirable Neighbourhoods. (id:66096)

Property Details

MLS®: C14130692
Property Type: Single Family
Bedrooms: 2
Beds (above / below): 2 above · 0 below
Bathrooms: 2
Parking: 2
Interior Size: 1,300 ft²
Basement: None
Heating: Forced air, Natural gas
Cooling: Central air conditioning
Garage: Garage, Underground
Condo Fee: $1,846/mo
Fee Includes: Common Area Maintenance, Heat, Electricity, Water, Insurance, Parking
Ownership: Condo/Strata
Property Tax: $5,325.14/yr
Listed: 5 days ago

Features

Appliances: Washer, Refrigerator, Dishwasher, Stove, Dryer, Microwave, Blinds, Window Coverings
Exterior: Concrete
Lot Features: In suite Laundry

Features and services as supplied by the listing brokerage.

Market Timing

Days on market

Toronto (Mount Pleasant West) listings, avg age

45d

Price / ft²

$962

List price

$1.25M

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.

Haho

This 2-bed single family in Toronto (Mount Pleasant West) has been listed for 5 days, which is 40 days fresher than the city average of 45. Act while there is still low competition.

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Listed by HOUSESIGMA INC. · ASHKAN RAHIMI-SERESHT

Location

Approximate location — exact address confirmed upon showing

Nearby Places

Area context

Neighbourhood profile (M4S)

This home lists at $1,250,000, about 14.2× the local median household income of $88,000.

Carrying it typically needs a household income of about $244,169 (20% down, 25-yr amortization, stress-tested) — roughly 177% above the area median.

Median household income: $88,000
Population: 30,754
Median age: 38
Owner / renter: 39% / 61%
Avg. household size: 1.9

Source: Statistics Canada, 2021 Census (FSA M4S)

$1,250,000· $962/ft²

For sale

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Full Cost Breakdown

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Down Payment8% · $100,000

Min 8%50%

Mortgage payment$6,376/mo

↳ CMHC premium ($46,000 capitalized)

Property tax (est.)$444/mo

Condo fee$1,846/mo

Total monthly$8,666

Cash Needed to Close

Down payment (8%)$100,000

Land transfer tax$42,950

Est. closing costs$6,250

Total cash needed$149,200

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