PH1-155 Dalhousie Street, Toronto, ON
Church-Yonge Corridor, Toronto · MLS® C13538932
About this home
A rare offering this hard loft is defined by its truly exceptional and seldom-found private terrace: an expansive 1,220 sq. ft. rooftop that is both a retreat and an entertainer's dream, with sweeping south, west, and north skyline views that are virtually impossible to replicate. The Merchandise lofts is a Chicago School inspired architectural gem. Perfectly positioned in the heart of downtown this expansive 2-bedroom, 3-bath residence spans almost 2,500 sq. ft., offering the ideal balance of urban energy and private sanctuary living. The home immediately impresses with soaring 24-foot ceilings in the foyer, setting a dramatic tone of scale and light. The main level is thoughtfully designed for both gallery-style living and everyday featuring polished concrete floors, cozy two-sided fireplace, and expansive wall space ideal for art collectors. The chef's kitchen is appointed with a Bertazzoni gas range and microwave, custom dual-level cabinetry, cork flooring, and an oversized granite-topped island that anchors the space for entertaining. The main floor bedroom has a private ensuite bathroom loads of closet space and custom office space with pull down bed. Upstairs, the primary suite is a serene retreat, complete with a gas fireplace, spa-inspired ensuite with jacuzzi tub and dual vanities, and floor-to-ceiling windows capturing panoramic skyline views. What truly sets this home apart is its rare private rooftop terrace-an extraordinary extension of living space featuring multiple walkouts, and water/gas hookups for seamless outdoor entertaining or quiet evenings above the city. Residents enjoy an impressive suite of amenities including a basketball court, fitness centre, rooftop indoor pool, rooftop dog park, party room, games room, guest suites. If you are someone who wants it all this home is for you, urban convenience, a private wrap around green terrace, and distinctive architecture unlike anything else in the city.
Key facts
- Property type
- Condo Apartment, Loft
- MLS®
- C13538932
- Bedrooms
- 2
- Bathrooms
- 3 (1 half)
- Size
- 2250-2499
- Cross streets
- Church and Dundas
- Parking
- 2 garage (underground)
- Basement
- None
- Heating
- Forced Air
- A/C
- Central Air
- Exterior
- Concrete
- Maintenance
- $2,483/mo
- Exposure
- South West
- Property tax
- $9,660 / 2026
- Days on market
- 9
- Listing brokerage
- REAL ESTATE HOMEWARD
Rooms
hardwood floor · b/i closet · b/i shelves
cork floor · centre island · open concept
murphy bed · large closet · 3 pc ensuite
2 way fireplace · sw view · concrete floor
2 way fireplace · fireplace · combined w/kitchen
walk-in closet(s) · 5 pc ensuite · w/o to terrace
Listed at $2,249,000, this home is within the range of a wider set of listings, but with few close matches nearby, so worth confirming with a precise CMA. 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 $1.65M, 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
- Size difference +$1.00M
- Bathrooms +$15K
- Adjusts to $1.81M
That comparable adjusts to $1.81M; the $2.25M 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 $2.25M, 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.
- Pool: lifestyle appeal, but adds maintenance, insurance, and resale is mixed.
- Tall ceilings: they transform how a home feels, worth confirming the actual heights room to room.
- Value driver
- Weigh carefully
- Worth verifying
The closest active listings by size, beds, and price, so you can see what this home is up against.
The 1 closest active listing nearby.
See all comparable homesThis home lists 8% below the area average of $1,032/sqft.
8 days longer than the Toronto average (1 days).
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
Homes over $1.5M can't be insured, so 20% down or more is required.
Conventional (20%+ down). Best insured 5-year fixed 3.99% via Ratehub.ca (as of July 18, 2026); conventional rates run a little higher.
Mortgage amount $1,799,200 · 4.14% over 25 years
Total monthly cost
- Mortgage payment (monthly equivalent)
- $9,601
- Property tax
- $805
- Condo / maintenance fees
- $2,483
- Heating
- $0
- Estimated monthly cost
- $12,889
Add your own property tax, condo fees, and heating on the left for a sharper total.
One-time closing costs
- Ontario land transfer tax
- $42,700
- Toronto municipal land transfer tax
- $42,700
- Estimated closing costs
- $85,400
Plus your down payment of $449,800. 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
- $576,072
- Principal paid down
- $229,129
- Interest paid
- $346,943
- Balance remaining
- $1,570,071
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 REAL ESTATE HOMEWARD. MLS®/PropTx.