216-119 Merton Street, Toronto, ON
Mount Pleasant West, Toronto · MLS® C13065534
About this home
A stunning two-storey condo in the rarely-available Metro Lofts, this is a designer's dream with bespoke finishes throughout. A spacious foyer greets you upon entering this elevated urban home, with laminate hardwood throughout and both a double coat closet and extra storage closet, both fitted with organizers. Wall-to-ceiling two-storey windows let in light in the bright, spacious common area. A gorgeous chef's kitchen, fully remodelled and extended in 2023, offers an expansive waterfall island, quartz countertops, luxurious Emtek hardware and Riobel faucet, new stainless steel appliances and extra storage, making it the perfect spot to entertain family and friends. Leading in to the dining room is an elevated redesign with chic custom banquette seating and additional storage. The living room is a calm oasis with a walk-out to a private terrace overlooking the tall topiaries of the well-loved Beltline Walking Trail, and room for outdoor seating or dining, with BBQs permitted. A two-piece powder room rounds out the first floor. The second floor offers a private retreat in the primary bedroom which fits a King-size bed, and offers a large walk-in closet. The second bedroom serves as an office or bedroom easily fitting a double bed alongside its large double closet. Both rooms offer views to below as well as through the two-storey window, complete with custom remote-controlled blinds to adjust with the flick of a switch. A spacious updated four-piece bath and laundry ensuite with stainless steel appliances round out the roomy second floor. Located in the district for Davisville and Hodgson Junior PS, as well as the highly-coveted North Toronto Collegiate Institute. With a short walk to the Davisville subway and the shops of both Yonge Street and Mt. Pleasant Road, this home is not to be missed. Thoughtful design and functionality at every turn, in a prime location and building, make this the perfect pied-a-terre in the heart of midtown Toronto. Pets under 30 lbs.
Key facts
- Property type
- Condo Apartment, 2-Storey
- MLS®
- C13065534
- Bedrooms
- 2
- Bathrooms
- 2 (1 half)
- Size
- 900-999
- Cross streets
- Yonge And Davisville
- Parking
- 1 garage (underground)
- Basement
- None
- Heating
- Forced Air
- A/C
- Central Air
- Exterior
- Brick, Concrete
- Maintenance
- $910/mo
- Exposure
- South West
- Property tax
- $3,755 / 2025
- Days on market
- 78
- Listing brokerage
- ROYAL LEPAGE REAL ESTATE SERVICES HEAPS ESTRIN TEAM
Rooms
hardwood floor · double closet · overlooks living
hardwood floor · window floor to ceiling · combined w/dining
hardwood floor · combined w/living · walk-out
hardwood floor · double closet · closet organizers
quartz counter · centre island · stainless steel appl
hardwood floor · walk-in closet(s) · overlooks living
Listed at $899,500, this home is within the range of comparable homes, on the higher side. The number above is my independent estimate of value, not the asking price.
There were not many closely comparable homes right in Mount Pleasant West, so I widened the search to the surrounding area.
Based on 6 similar homes nearby, adjusted for size, beds, and baths.Median of 6 comparable active listings, adjusted for size, beds, and baths. The city (MPAC) assessment points to about $877K, a bit higher. The comparable range is wide here, so treat this as a rough read until I run a full CMA.
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, listed at $600K
- Adjusts to $600K
That comparable adjusts to $600K; the $755K estimate above is the median of all 6 comparables, which is steadier than any single home.This uses comparable active listings, not sold prices. Lot, condition, and finishes are my in-person call, and I can run a full CMA with recent solds.
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.
On location, this is a very walkable address with everyday errands close by. 84 Davisville Ave - Salvation Army is about a 3-minute walk away. Walkable, transit-friendly spots tend to hold value and widen your resale pool.
Total price vs nearby homes. Fair value about $755K, median of 6 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.
- Upscale kitchen: a genuine value driver, verify the appliances, stone, and finishes in person.
- Hardwood floors: quality hardwood is durable and broadly desirable.
- Transit / schools nearby: convenience and resale support, verify the exact distances and school catchment.
- Sold as-is / needs work: budget for renovation, the price should reflect the condition.
- Value driver
- Lifestyle
- Weigh carefully
The closest active listings by size, beds, and price, so you can see what this home is up against.
The 5 closest of 6 active listings nearby.
See all comparable homesThis home lists 5% below the area average of $995/sqft.
On the market now.
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.
Getting around
Very WalkableA walkability read built from the amenities around this home: how close the nearest transit stop is, and how many grocery, dining, park, and pharmacy destinations fall within a 15-minute walk. It is a guide, not a guarantee. Places data from Google.
Most daily errands can be done on foot.
🚉 Nearest transit: 84 Davisville Ave - Salvation Army, about 264 m away
Within a 15-minute (1.5 km) walk.
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 17, 2026); conventional rates run a little higher.
Mortgage amount $719,600 · 4.14% over 25 years
Total monthly cost
- Mortgage payment (monthly equivalent)
- $3,840
- Property tax
- $313
- Condo / maintenance fees
- $910
- Heating
- $0
- Estimated monthly cost
- $5,063
Add your own property tax, condo fees, and heating on the left for a sharper total.
One-time closing costs
- Ontario land transfer tax
- $14,465
- Toronto municipal land transfer tax
- $14,465
- Estimated closing costs
- $28,930
Plus your down payment of $179,900. 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
- $230,403
- Principal paid down
- $91,641
- Interest paid
- $138,762
- Balance remaining
- $627,959
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 ROYAL LEPAGE REAL ESTATE SERVICES HEAPS ESTRIN TEAM. MLS®/PropTx.