$650,000 - 139 Merton Street Unit 246, Leaside
Condo for Sale in Leaside
73 days on market- MLS Number
- C12962136
- Property Type
- Condo
- Status
- active
- Days on Site
- 73
- Bedrooms
- 2
- Bathrooms
- 1
- Square Feet
- 700 - 1,099 sqft
- Neighbourhood
- Leaside / Davisville
- Locker
- Owned
- Exposure
- South East
- Balcony
- Terrace
- Listing Brokerage
- CHESTNUT PARK REAL ESTATE LIMITED
Beautiful bright south-east corner 2-storey loft. One bedroom plus den, 750sf interior space plus a private south-facing covered terrace (BBQ allowed). Newer floors (2023) and newer window coverings (2023). Modern open-concept kitchen with granite countertops, full-size appliances, a large window in the kitchen, plus an extra-large pantry for loads of storage. The large pantry can easily be converted back to a 2-piece powder room, which was a part of the original builder floor plan (current owner converted the 2-piece bathroom to the pantry; all the plumbing is still there to be used). Spacious living and dining room area with soaring high 16-foot ceilings. Walk out to the private south-facing terrace featuring gorgeous sunny and private treed views. Great-sized Bedroom and den/home office on the second level with a large walk-in closet with custom shelving and gorgeous south-east treed views. Spacious 4-piece bathroom with a window. Large walk-in laundry room with fabulous additional storage space. Locker included. Low maintenance fees with all utilities included. Party room, underground visitor parking, bike storage. Direct access to the Kay Gardner Beltline Trail at the back of the building. Five minutes walk to the Davisville subway station. Enjoy the abundance of amenities along Yonge St & Mount Pleasant Rd. Short Walk To Yonge & Eglinton and Yonge & St Clair. Experience Midtown Toronto living at its finest! Parking space possibly available to rent from an owner in the building.
Estimate your monthly payments for this property
Estimated Payment
$3,334.84/mo
Includes CMHC insurance ($18,135)
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.
139 Merton Street Unit 246, 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 $929/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 73 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 700 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 $2,708 (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.