$789,900 - 30 Merchant Lane Unit 142, Downtown Toronto
Condo for Sale in Downtown Toronto
54 days on market- MLS Number
- C13031556
- Property Type
- Condo
- Status
- active
- Days on Site
- 54
- Bedrooms
- 3
- Bathrooms
- 2
- Square Feet
- 1,000 sqft
- Neighbourhood
- Downtown Toronto / Waterfront
- Locker
- Owned
- Exposure
- East West
- Balcony
- Terrace
- Listing Brokerage
- BOSLEY REAL ESTATE LTD.
Sun-Soaked Style in the Heart of the Junction Triangle! Step into this effortlessly cool 2-bedroom condo townhouse that blends modern upgrades with smart, functional living. Bathed in natural light, every corner of this home feels bright, open, and inviting. The newly renovated kitchen brings serious style with sleek finishes and contemporary flair-perfect for everything from quick breakfasts to hosting dinner parties with friends. Brand-new hardwood flooring, updated baseboards, and refinished stairs add a fresh, polished modern feel throughout. Need space to focus? A dedicated office nook makes creating or working from home easy and comfortable. Need space for everything else? You'll love the abundant storage unit that keeps life organized without sacrificing style. Step outside of your own private terrace-ideal for morning coffee, evening drinks, or a little urban garden. This thoughtfully designed layout maximizes every inch, and with an owned heat-on-demand tankless water system, comfort and efficiency comes built in. Location-wise, you're right where you want to be. Nestled in the ever-popular Junction Triangle, with easy access to Roncesvalles, High Park, and Bloor West Village - think great coffee, local eats, green space, and seamless transit connections all within reach 'including the TTC, GO, and Up Express! The well-maintained complex also features a playground and dog park- perfect for families and pet lovers alike. Modern living. Prime location. Zero compromises. Come see it before it's gone.
Estimate your monthly payments for this property
Estimated Payment
$4,052.60/mo
Includes CMHC insurance ($22,038)
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 Downtown Toronto / Waterfront
Downtown Toronto / Waterfront 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 Downtown Toronto / Waterfront
- •Convenient location in Downtown Toronto / Waterfront
- •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
Downtown Toronto / Waterfront 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.
30 Merchant Lane Unit 142, Downtown Toronto / Waterfront
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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
Competitive Pricing
At $790/sqft, this is priced below the area average. This could represent genuine value, but let's investigate why. In my experience, underpriced homes often have deferred maintenance, unfavourable layouts, or motivated sellers. I'll help you determine which it is.
Negotiation Opportunity
At 54 days on site, this property has exceeded the typical selling timeline for Downtown Toronto. 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.
Starter Home Potential
3 bedrooms works well for couples planning families or small families with one child. Consider whether you might outgrow the space in 5-7 years. If so, factor in potential moving costs when making your decision. Alternatively, some buyers convert a bedroom to an office and make it work long-term.
Investment Perspective
Looking at this as an investment: Downtown Toronto properties have averaged 5-7% annual appreciation over the past decade. Your estimated monthly carrying costs would be around $3,291 (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.