$935,000 - 119 Merton Street Unit 422, Leaside
Condo for Sale in Leaside
49 days on market- MLS Number
- C13063578
- Property Type
- Condo
- Status
- active
- Days on Site
- 49
- Bedrooms
- 2
- Bathrooms
- 2
- Square Feet
- 900 sqft
- Neighbourhood
- Leaside / Davisville
- Locker
- Owned
- Exposure
- South East
- Balcony
- Open
- Listing Brokerage
- CHESTNUT PARK REAL ESTATE LIMITED
Stunning, bright, south-east corner 2 bedrooms and 2 bathrooms, two-level loft in prime Midtown Toronto featuring gorgeous, forever protected, rarely available south-facing treed views overlooking greenspace. Fabulous 935sf of open concept living space plus the large south-facing balcony (BBQ's allowed). The very reasonable maintenance fees include all utilities. One parking space and two lockers are included. Beautiful engineered hardwood floors on both levels. The modern open concept chef's kitchen features gorgeous natural stone counters, stainless steel appliances, lots of cabinet space, a corner cabinet pull-out organizer, a large pantry, a breakfast bar and a bonus window. The spacious living and dining room area features 17-foot soaring high ceilings (where open to above) with large wrap-around windows on both levels. Walk out to the south-facing balcony for your quiet time with the trees and the birds, where you can enjoy your morning coffee, evening dinner and wine, or quiet time with your favourite book. The separate front foyer includes a coat closet, lots of space for your shoes and additional storage space, plus a renovated 3-piece bathroom with a step-in shower. Great additional storage space under the stairs. The upper level features a spacious king-sized bedroom, two closets with built-in shelving and glorious south-east views. The second bedroom includes a double door closet, ceiling light with a fan, and beautiful south-east views. The beautiful 4-piece bathroom features a vanity with quartz counters, a fully tiled shower/deep tub, and a washer and dryer. Linen closet. Newer fan coils (2022). Amenities include a party room, a games room, underground visitor parking. Kay Gardner Beltline trail behind the building. It's a short walk to Davisville subway station and all the fabulous amenities along Yonge and Mount Pleasant. Property manager on site. The floor can possibly be extended on the upper level for added square footage, must get approval.
Estimate your monthly payments for this property
Estimated Payment
$4,797.03/mo
Includes CMHC insurance ($26,087)
5-yr fixed avg.
Rates shown are estimates based on typical Ontario 5-year fixed rates. Canadian mortgages use semi-annual compounding as required by law. CMHC insurance applies to purchases under $1.5M with less than 20% down. Estimated property tax uses an approximate 0.85% rate. Contact us for current rate options and pre-approval.
Discover Leaside / Davisville
Leaside / Davisville is a vibrant community in the Greater Toronto Area, offering excellent amenities, schools, and transportation options. This area is popular with families and professionals seeking a balanced lifestyle with access to urban conveniences and natural spaces.
Why Live in Leaside / Davisville
- •Convenient location in Leaside / Davisville
- •Access to local shops and dining
- •Good public transit connections
- •Community parks and green spaces
- •Well-maintained neighbourhoods
Nearby Schools
Transit & Commuting
- •MiWay bus routes throughout the area
- •GO Transit stations within driving distance
- •Easy highway access to 401/403/QEW
- •Walking distance to local amenities
Parks & Amenities
- •Local parks and recreational facilities
- •Community centres
- •Shopping plazas nearby
- •Restaurants and cafes
Lifestyle & Community
Leaside / Davisville offers a wonderful quality of life with a mix of residential charm and urban convenience. Residents enjoy easy access to schools, parks, and shopping, making it an ideal location for families and professionals alike.
119 Merton Street Unit 422, Leaside / Davisville
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Rental income estimator & ROI calculator
Monthly Cash Flow Breakdown
Note: These are estimates only. Actual figures may vary based on market conditions, property condition, and other factors. Consult with a financial advisor for personalized advice.
Joe's Thoughts
Honest perspective from 30+ years of GTA real estate experience
Fair Market Value
At $1039/sqft, this property is priced in line with current Leaside market conditions. The pricing suggests the seller has done their homework. We may have modest room for negotiation, typically 2-4% in today's market.
Negotiation Opportunity
At 49 days on site, this property has exceeded the typical selling timeline for Leaside. This creates leverage for buyers. The seller may be motivated by carrying costs, life circumstances, or previous deals falling through. I'd recommend a strategic offer below asking with terms that favour you.
Condo Considerations
For condos, I always review the status certificate thoroughly. Key things I look for: reserve fund health (should be well-funded), any upcoming special assessments, rules that might affect your lifestyle (pets, rentals, renovations), and the corporation's financial statements. We'll want to verify the monthly fees and what they include.
Efficient Living
At 900 sqft, this is a more compact space. The upside: lower utility bills, less maintenance, and easier cleaning. Consider how you'll use the space - built-in storage, multi-functional furniture, and good organization become important. Great for singles, couples, or those who prefer a low-maintenance lifestyle.
Investment Perspective
Looking at this as an investment: Leaside properties have averaged 5-7% annual appreciation over the past decade. Your estimated monthly carrying costs would be around $3,896 (mortgage, taxes, insurance). Consider whether you're comfortable with this as both a home and a financial commitment.
Let's See It Together
Photos only tell part of the story. During our showing, I'll point out things the camera doesn't capture: neighbourhood feel, natural light quality, traffic noise, and overall condition. I'll also share what comparable homes have sold for and help you craft a winning strategy if you decide to move forward.