$1,175,000 - 35 Merton Street Unit 1606, Leaside
Condo for Sale in Leaside
51 days on market- MLS Number
- C13052252
- Property Type
- Condo
- Status
- active
- Days on Site
- 51
- Bedrooms
- 3
- Bathrooms
- 2
- Square Feet
- 1,200 sqft
- Neighbourhood
- Leaside / Davisville
- Locker
- Owned
- Exposure
- South East
- Balcony
- Open
- Listing Brokerage
- CHESTNUT PARK REAL ESTATE LIMITED
Suite 1606 is a bright and spacious southeast corner residence with over 1,200 square feet, flooded with natural light and features incredible, unobstructed south views over the Toronto skyline and Belt Line Park. Enter into a large foyer with an impressive closet with space for all seasons attire which takes you through to the expansive open concept living and dining area, which are ideal for entertaining. The updated east-facing kitchen includes stainless steel appliances, granite countertops, and a cozy breakfast bar. The den off the kitchen walks out to the south-facing balcony and is perfect for enjoying quiet moments. The Bedrooms are generously proportioned and the primary features a large east-facing window, a walk-in closet, and a four-piece ensuite bath. The building's location is close to a plethora of great mid-town Toronto dining and shopping experiences. Hiking and cycling enthusiasts will appreciate the proximity to an expansive trail system and green spaces, and for commuters, the Davisville subway stop is just around the corner. The monthly maintenance fees are incredibly inclusive and cover the cost of heat, hydro, water, common elements, Bell Better Package TV 300 channels, Bell Fibre Internet 1.5G High Speed, parking, and building insurance. 35 Merton St is a building cherished by its owners and well cared for by all.
Estimate your monthly payments for this property
Estimated Payment
$5,197.42/mo
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.
35 Merton Street Unit 1606, 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 $979/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 51 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.
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: Leaside properties have averaged 5-7% annual appreciation over the past decade. Your estimated monthly carrying costs would be around $4,896 (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.