655-155 Dalhousie Street, Toronto, ON
Church-Yonge Corridor, Toronto · MLS® C13171794
About this home
Welcome to suite #655 in the highly-sought after Merchandise Lofts Building! This stunning 2bed + 2wash authentic hard-loft boasts a 1325sqft open-concept floor plan showcasing 12ft ceilings throughout, exposed ductwork & columns, polished concrete floors, and the impressive west-facing wall full of warehouse-style windows, flooding the space with natural light and providing front row seats to gorgeous sunset views. The designer kitchen is the heart of the unit and perfect for both everyday living and entertaining family & friends; featuring solid wood cabinetry, a massive waterfall center island, quartz countertops, beautiful herringbone backsplash and stainless steel appliances. The spacious primary suite includes ample closet space and a private 3-piece ensuite, while the second bedroom, a similar size, can also be used as a functional home office. Front entranceway provides a large closet & oversized laundry/ ensuite storage room. Premium industrial-style light fixtures throughout. 1 parking space included!! Merchandise Lofts comes steeped in Toronto history; formerly being the home of Simpson's Department Store Warehouse & Simpson's Sears before being converted to residential hard-lofts in 1999. It also comes with an excellent location right in the center of the city! Walking distance to Yonge & Dundas Square, Allan Gardens Park, Toronto's PATH system, as well as many award-winning restaurants and top-notch cafés, patios, galleries, shopping, groceries and other neighborhood amenities. Very convenient for public transit (Yonge & Dundas Subway stop & street cars). This unit offers the ultimate urban lifestyle for young professionals seeking style, convenience, and character. Dont miss out! See Feature Sheet for more details.
Key facts
- Property type
- Condo Apartment, Loft
- MLS®
- C13171794
- Bedrooms
- 2
- Bathrooms
- 2
- Size
- 1200-1399
- Cross streets
- Yonge & Dundas
- Parking
- 1 garage (surface)
- Basement
- None
- Heating
- Forced Air
- A/C
- Central Air
- Exterior
- Brick, Other
- Maintenance
- $1,321/mo
- Exposure
- West
- Property tax
- $4,834 / 2026
- Days on market
- 53
- Listing brokerage
- ROYAL LEPAGE SIGNATURE REALTY
Rooms
open concept · large window · west view
4 pc ensuite · closet · concrete floor
open concept · centre island · large window
combined w/living · large window · concrete floor
large closet · concrete floor
sliding doors · closet · concrete floor
Listed at $974,900, this home is tracking about 21% below a wider set of listings, though close matches were thin, so it is worth confirming with a precise CMA rather than reading it as a clear deal. The number above is my independent estimate of value, not the asking price.
There are only a few closely comparable homes right here, so this is a broad read from wider listings in the area. Ask me for a precise CMA before relying on it.
Based on 97 similar homes nearby, adjusted for size, beds, and baths.Median of 97 comparable active listings, adjusted for size, beds, and baths. The city (MPAC) assessment points to about $828K, 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, listed at $795K
- Adjusts to $795K
That comparable adjusts to $795K; the $1.23M estimate above is the median of all 97 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.
The assigned public school is Lord Dufferin Junior and Senior Public School. EQAO is only one input, and families here also look at French Immersion, boundary, and private options, the full breakdown is below.
On location, this is a very walkable address with everyday errands close by. Dundas St East at Church St is about a 1-minute walk away. Walkable, transit-friendly spots tend to hold value and widen your resale pool.
Total price vs nearby homes. Fair value about $1.23M, median of 97 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.
- Open-concept layout: modern, sought-after flow.
- Value driver
- Lifestyle
The closest active listings by size, beds, and price, so you can see what this home is up against.
The 5 closest of 8 active listings nearby.
See all comparable homesThis home lists 27% below the area average of $1,031/sqft.
On the market now.
View comparable listingsPrice per square foot vs the area average.
Neighbourhood & location
Church-Yonge Corridor, 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: Dundas St East at Church St, about 117 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 $779,920 · 4.14% over 25 years
Total monthly cost
- Mortgage payment (monthly equivalent)
- $4,162
- Property tax
- $403
- Condo / maintenance fees
- $1,321
- Heating
- $0
- Estimated monthly cost
- $5,886
Add your own property tax, condo fees, and heating on the left for a sharper total.
One-time closing costs
- Ontario land transfer tax
- $15,973
- Toronto municipal land transfer tax
- $15,973
- Estimated closing costs
- $31,946
Plus your down payment of $194,980. 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
- $249,717
- Principal paid down
- $99,323
- Interest paid
- $150,394
- Balance remaining
- $680,597
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 SIGNATURE REALTY. MLS®/PropTx.