$578,000

$592,000For salePrice drop↓ $14,000 (2%)

#501 225 Merton Street, Toronto (Mount Pleasant West) - Single Family for Sale

#501 225 Merton Street, Toronto (Mount Pleasant West), Ontario, M4S3H1

2 beds1 bath1 parking650 ft²$854/mo condo feeListed 52 days ago

Overview

This 2-bedroom, 1-bathroom condo in Toronto is for sale offering roughly 650 sq ft of space. Its $578,000 asking price sits right in line with the $595,000 median in Toronto.

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Description

Welcome to your own slice of paradise in the heart of Midtown, where the Kay Gardner Beltline Trail is practically your backyard. Morning run? Evening stroll? Taking Fido out for a spin? Just step outside and you're there. Inside, this spacious one-bedroom-plus-den suite has plenty to love. The primary bedroom easily accommodates a king-size bed and offers exceptional closet space, including a walk-in, along with peaceful views of the Beltline treetops. The newly renovated kitchen is fresh, bright and made for entertaining, with quartz countertops, a breakfast bar and an open-concept layout that keeps you connected to your guests. But the real showstopper? The terrace. Overlooking the lush greenery of the Beltline, it feels like your own private escape from the city. Need to work from home? The enclosed den gives you a proper office with a door you can close at the end of the day. And the location? Hard to beat. Davisville subway station, groceries, coffee shops, restaurants, gyms and the movie theatre are all just steps away. City convenience. Treetop views. The Beltline at your doorstep. This is Midtown living done right. (id:66096)

Property Details

MLS®: C13786210
Property Type: Single Family
Zoning: Residential
Bedrooms: 2
Beds (above / below): 1 above · 1 below
Bathrooms: 1
Parking: 1
Interior Size: 650 ft²
Basement: None
Heating: Forced air, Natural gas
Cooling: Central air conditioning
Garage: Garage, Underground
Condo Fee: $854/mo
Fee Includes: Common Area Maintenance, Heat, Electricity, Insurance
Ownership: Condo/Strata
Property Tax: $2,977.16/yr
Listed: 52 days ago

Rooms

Main level

Living room: 4.61 x 4.3 meters
Kitchen: 2.47 x 2.42 meters
Dining room: 4.61 x 4.3 meters
Den: 2.41 x 2.45 meters
Primary Bedroom: 3.47 x 3.41 meters

Room details as supplied by the listing brokerage. Dimensions are shown in the unit the listing states, and are approximate.

Features

Appliances: Washer, Refrigerator, Water meter, Dishwasher, Stove, Dryer
Exterior: Brick, Stucco
Lot Features: Ravine, Conservation/green belt, Elevator, Carpet Free

Features and services as supplied by the listing brokerage.

Market Timing

Days on market

52d

Toronto (Mount Pleasant West) listings, avg age

46d

Price / ft²

$890

List price

$578K

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) is available now. Want me to connect you with the agent or keep you posted on any price updates?

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Listed by BOSLEY REAL ESTATE LTD. · DAVELLE MORRISON

Location

Approximate location — exact address confirmed upon showing

Nearby Places

Area context

Neighbourhood profile (M4S)

This home lists at $578,000, about 6.6× the local median household income of $88,000.

Carrying it typically needs a household income of about $112,904 (20% down, 25-yr amortization, stress-tested) — roughly 28% 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)

$578,000· $890/ft²

For sale

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Full Cost Breakdown

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Down Payment5.67% · $32,800

Min 5.67%50%

Mortgage payment$3,023/mo

↳ CMHC premium ($21,808 capitalized)

Property tax (est.)$248/mo

Condo fee$854/mo

Total monthly$4,125

Cash Needed to Close

Down payment (5.67%)$32,800

Land transfer tax$16,070

Est. closing costs$4,234

Total cash needed$53,104

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