1606-35 Merton Street, Toronto, ON
Mount Pleasant West, Toronto · MLS® C13052252
About this home
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.
Key facts
- Property type
- Condo Apartment, Apartment
- MLS®
- C13052252
- Bedrooms
- 3 (2 + 1)
- Bathrooms
- 2
- Size
- 1200-1399
- Cross streets
- Merton St and Yonge St
- Parking
- 1 garage (underground)
- Basement
- None
- Heating
- Forced Air
- A/C
- Central Air
- Exterior
- Concrete
- Maintenance
- $1,753/mo
- Exposure
- South East
- Property tax
- $4,879 / 2025
- Days on market
- 85
- Listing brokerage
- CHESTNUT PARK REAL ESTATE LIMITED
Rooms
hardwood floor · large closet · mirrored closet
hardwood floor · open concept · combined w/living
hardwood floor · combined w/kitchen · w/o to balcony
tile floor · 4 pc bath
4 pc ensuite · tile floor
hardwood floor · south view · w/o to balcony
hardwood floor · ensuite bath · walk-in closet(s)
granite counters · stainless steel appl · breakfast area
hardwood floor · east view · murphy bed
Listed at $1,175,000, this home is right in line with comparable homes. The number above is my independent estimate of value, not the asking price.
In Mount Pleasant West lately, sellers have been getting about 97% of asking and homes sell in about 42 days.
Based on 89 similar homes that recently sold nearby, adjusted for size, beds, and baths.Median of 89 recently sold comparable homes — actual closing prices, not asks — adjusted for size, beds, and baths. The city (MPAC) assessment points to about $862K, lower than the comparables and worth a second look.
How I got there
Here is the exact math behind the estimate. I start from the closest comparable listing and adjust for the real differences (size, beds, baths) to land on a like-for-like value for this home.
- Closest comparable, sold for $810K
- Bathrooms +$15K
- Adjusts to $825K
That comparable adjusts to $825K; the $1.17M estimate above is the median of all 89 comparables, which is steadier than any single home.This estimate is grounded in actual closing prices from the last 15 months, not asking prices. Lot, condition, and finishes are still my in-person call.
On schools, this address is zoned for North Toronto Collegiate Institute, one of the higher-rated public schools in the area. A strong catchment tends to hold value and widen your resale pool, especially with family buyers.
Total price vs nearby homes. Fair value about $1.17M, median of 89 comparables.
What the listing highlightsThese are claims from the listing. The only way to know for sure is to see it in person, and I am happy to book you a private showing.
- Primary suite: a key comfort and resale feature. Lifestyle
- Open-concept layout: modern, sought-after flow. Lifestyle
The closest active listings by size, beds, and price, so you can see what this home is up against.
The 3 closest active listings nearby.
See all comparable homesThis home lists 13% below the area average of $1,034/sqft.
84 days longer than the Toronto average (1 days).
View comparable listingsPrice per square foot vs the area average.
Neighbourhood & location
Mount Pleasant West, Toronto, ON
Enter a workplace or destination and we’ll show the door-to-door time by car, transit and bike.
How asking prices compare in the closest areas to this home. Longer bars mean a pricier market.
Typical asking price of active listings of the same type, per area (outliers removed). Toronto.
Get the full neighbourhood report (schools, parks, transit & safety) →
The public and Catholic schools this address is zoned for, with EQAO results (the share of students meeting Ontario's provincial standard).
School attendance boundaries and EQAO results are Ontario government data and can change. Confirm the current catchment with the school board before relying on it.
Affordability & Mortgage
Income needed assumes a ~32% GDS ratio; weekly is mortgage principal & interest only. Price ÷ income is the home price over the income needed. Fixed reference assumptions so listings compare on equal footing, not a lending decision.
Calculate and customize your mortgage and other expenses
Adjust the down payment, rate, and amortization, and add property tax, condo fees, and heating to see your true monthly cost.
Your numbers
Conventional (20%+ down). Best insured 5-year fixed 3.99% via Ratehub.ca (as of July 22, 2026); conventional rates run a little higher.
Mortgage amount $940,000 · 4.14% over 25 years
Total monthly cost
- Mortgage payment (monthly equivalent)
- $5,016
- Property tax
- $407
- Condo / maintenance fees
- $1,753
- Heating
- $0
- Estimated monthly cost
- $7,176
Add your own property tax, condo fees, and heating on the left for a sharper total.
One-time closing costs
- Ontario land transfer tax
- $19,975
- Toronto municipal land transfer tax
- $19,975
- Estimated closing costs
- $39,950
Plus your down payment of $235,000. Legal fees, title insurance, and adjustments are extra and vary by deal.
Mortgage stress test
Lenders qualify you at the greater of your rate plus 2% or 5.25%. You do not pay this rate. It just shows you could still handle payments if rates rose, so aim to stay comfortable at this higher number.
Over the full 25 years
At the end of your 5-year term
- Total paid over the term
- $300,971
- Principal paid down
- $119,709
- Interest paid
- $181,262
- Balance remaining
- $820,291
Talk to Team Asgarian about your options
Rates and programs change often. We will connect you with a trusted mortgage professional and build a plan that fits your budget and goals.
Estimates only, not a mortgage quote or pre-approval. Figures use Canadian semi-annual compounding, current minimum down-payment rules, CMHC premium tiers, and Ontario (plus Toronto, when selected) land transfer tax. Actual rates, taxes, insurance, and closing costs vary by lender and property. Confirm every number with your mortgage professional.
Investor snapshot
Thinking of this home as an investment? We will pull real comparable rents and run the full numbers with you.
Talk about the numbersEstimates only. Rent is modelled on above-grade size and local norms, so a finished basement or second suite (a separate entrance often means one) can push real rent well above this. Taxes, fees, and vacancy vary by property, and cap rate is before financing. A starting point, not a final number, let us run the real ones with you.
Helpful resources
All information deemed reliable but not guaranteed. For personal, non-commercial use only. Listing courtesy of CHESTNUT PARK REAL ESTATE LIMITED. MLS®/PropTx.