$828,000 - 18 Merton Street Unit 506, Leaside
Condo for Sale in Leaside
76 days on market- MLS Number
- C12944466
- Property Type
- Condo
- Status
- active
- Days on Site
- 76
- Bedrooms
- 2
- Bathrooms
- 3
- Square Feet
- 1,000 sqft
- Neighbourhood
- Leaside / Davisville
- Locker
- Owned
- Exposure
- South
- Balcony
- Open
- Listing Brokerage
- SAGE REAL ESTATE LIMITED
There is a lot to like about this bright and spacious two-bedroom, three-bathroom loft. Spanning two levels, Suite 506 offers over 1,000 square feet of living space and feels even larger thanks to the dramatic 17-foot ceilings in the dining room and expansive floor-to-ceiling, wall-to-wall windows that flood the space with natural light. The updated kitchen features custom Pedini cabinetry, quartz countertops, and premium Bosch appliances. Both the kitchen and dining area provide direct access to a large, covered balcony that is a perfect extension of the living space. The spacious living room is enhanced by custom built-in shelving and a custom integrated entertainment unit, creating both functionality and style. The standout feature is the massive primary bedroom, which easily accommodates a king-sized bed, dresser, and nightstands. It includes a walk-in closet, a 4-piece ensuite with a window, and a walkout to a private balcony. The second bedroom also offers a walk-in closet and its own 4-piece ensuite, ideal for guests or family. Additional upgrades include custom under-stair storage, sleek glass stair railings, and a recently renovated main floor powder room featuring new tile, vanity, and toilet, along with the addition of extra storage space. The unit includes one parking space and one locker. Please note "other" in room details is the balcony. Residents enjoy access to building amenities such as a fitness centre and an outdoor patio with BBQ. 18 Merton Street is a boutique-style building that offers a true sense of community and is perfectly situated in a vibrant neighbourhood where you are just steps from shops, restaurants, grocery stores, pubs, parks, and the TTC Davisville subway station. Outdoor enthusiasts will love having the Beltline Trail right at their doorstep-ideal for walking, running, or cycling.
Estimate your monthly payments for this property
Estimated Payment
$4,248.07/mo
Includes CMHC insurance ($23,101)
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.
18 Merton Street Unit 506, Leaside / Davisville
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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 $828/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 76 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.
Bathroom Count Matters
With 3 bathrooms, morning routines are much smoother. Multiple bathrooms significantly improve daily livability and are a major selling point for resale. Buyers consistently pay more for adequate bathroom counts - this is a strong feature.
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 $3,450 (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.