$740,000 - 30 Merchant Lane Unit 140, Downtown Toronto
Condo for Sale in Downtown Toronto
New — Listed 2 days agoNeighbourhood: Dufferin Grove
- MLS Number
- C13698990
- Property Type
- Condo
- Status
- active
- Days on Site
- 2
- Bedrooms
- 2
- Bathrooms
- 2
- Square Feet
- 1,000 sqft
- Neighbourhood
- Downtown Toronto / Waterfront
- Locker
- Owned
- Exposure
- West
- Balcony
- Terrace
- Listing Brokerage
- Royal LePage Real Estate Associates
Welcome To This Bright And Spacious 2-Bedroom, 2-Bathroom Condo Townhouse In A Sought After Community. 1,000 Sq. Ft. Of Well-Designed Living Space Across Multiple Levels. This Very Well-Maintained Home Offers A Functional Layout, Abundant Natural Light, And A Private Outdoor Space In One Of Toronto's Most Convenient West-End Neighbourhoods. The Main Level Features A Living And Dining Area With A Modern Kitchen Equipped With Stainless Steel Appliances. Both Bedrooms Are Well-Proportioned, With The Primary Bedroom Offering Excellent Closet Space And The Second Bedroom Providing Flexible Space For A Queen-Sized Bed, Nursery, Or Home Office. A Separate Den Provides An Ideal Dedicated Workspace. Enjoy 2 Bathrooms, Generous Storage Including A Locker Located In The Underground Parking Area. Step Outside To Your Private Patio With BBQs Permitted, Perfect For Morning Coffee, Outdoor Dining, Entertaining, Or Relaxing. Additional Features Include Underground Parking, Storage Locker, Visitor Parking, Playground, And Private Dog Run. This Pet-Friendly Community Is Quiet, Well Maintained, And Surrounded By Families And Professionals. Ideally Located In The Heart Of The Junction Triangle, Just Minutes To Roncesvalles, The Junction, Dufferin Grove, High Park, And Bloor West Village. Enjoy Easy Access To Dundas West And Lansdowne TTC Stations, GO Transit, The UP Express, Bike Paths, Cafes, Restaurants, Breweries, Shops, Parks, And Everyday Essentials. A Fantastic Opportunity To Enjoy Modern Townhouse Living With A Highly Functional Layout, Private Outdoor Space, Parking, Storage, And Exceptional Access To Transit And Everything Toronto's West End Has To Offer.
Estimate your monthly payments for this property
Estimated Payment
$3,796.58/mo
Includes CMHC insurance ($20,646)
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 Dufferin Grove
Dufferin Grove 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 Dufferin Grove
- •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
Dufferin Grove 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 140, 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 $740/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.
Just Listed - Act Strategically
This property hit the market within the last week. In Downtown Toronto's current market, desirable homes often receive multiple offers within 5-7 days. If you're seriously interested, I recommend booking a showing immediately. However, never let urgency override due diligence - we'll still do proper inspections.
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.
About Dufferin Grove
I know Dufferin Grove 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: Downtown Toronto properties have averaged 5-7% annual appreciation over the past decade. Your estimated monthly carrying costs would be around $3,083 (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.