$648,000 - 119 Merton Street Unit 412, Leaside
Condo for Sale in Leaside
45 days on marketNeighbourhood: Mount Pleasant West
- MLS Number
- C13543846
- Property Type
- Condo
- Status
- active
- Days on Site
- 45
- Bedrooms
- 1
- Bathrooms
- 2
- Square Feet
- 700 - 1,099 sqft
- Neighbourhood
- Leaside / Davisville
- Locker
- Owned
- Exposure
- South West
- Balcony
- Open
- Listing Brokerage
- SOTHEBY'S INTERNATIONAL REALTY CANADA
Attention first time home buyers! Welcome to The Metro Lofts! This light-filled, two-storey loft offers 720 sq ft of smart, functional living space in a highly sought-after midtown community. The main floor features a modern kitchen with stainless steel appliances and a breakfast bar, opening onto a bright living area with sunny southwest exposure and treetop views. Step outside onto your own private balcony - the perfect spot for morning coffee. A main-floor powder room keeps the upstairs entirely separate from guests. Upstairs, the bedroom retreat features its own private full ensuite bath. Two bathrooms - including the main-floor powder room - is a rare find in a one-bedroom loft, and ideal for anyone who values privacy or hosts overnight guests. Unbeatable location just steps to the Kay Gardner Beltline, ravine trails, and the TTC, with an easy walk to both Davisville and Yonge & St. Clair shops and dining.
Estimate your monthly payments for this property
Estimated Payment
$3,324.58/mo
Includes CMHC insurance ($18,079)
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 Mount Pleasant West
Mount Pleasant West 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 Mount Pleasant West
- •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
Mount Pleasant West 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 412, 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 $926/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.
Market Position
At 45 days on site, this property has had reasonable exposure. It hasn't sold immediately (which often indicates overpricing), but isn't languishing either. There's likely room for a 3-5% negotiation from asking price.
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.
About Mount Pleasant West
I know Mount Pleasant West well from working with many buyers and sellers here. Each pocket has its own character - let me share what I've learned about this specific street and block. During our showing, I'll point out local amenities, school catchments, and what similar homes have sold for recently.
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 $2,700 (mortgage, taxes, insurance). Consider whether you're comfortable with this as both a home and a financial commitment.