207-119 Merton Street, Toronto, ON
Mount Pleasant West, Toronto · MLS® C13811346
About this home
In short
- If the typical condo isn't quite your style, welcome to 119 Merton.
- With soaring ceilings and a true loft inspired feel, this bright and versatile space offers the kind of character that is increasingly hard to find atthis price point.
- The open concept layout gives you room to live, work, entertain and make the space your own, while the elevated ceilingheight creates an airy sense of volume that...
- 119 Merton is city living without the usual compromises.
If the typical condo isn't quite your style, welcome to 119 Merton. This is a loft for those who want something a little cooler, a little moredistinctive, and a lot more interesting than the standard condo box, without paying a premium for it.With soaring ceilings and a true loft inspired feel, this bright and versatile space offers the kind of character that is increasingly hard to find atthis price point. The open concept layout gives you room to live, work, entertain and make the space your own, while the elevated ceilingheight creates an airy sense of volume that makes the home feel far larger than you might expect.And then there is the value. Low maintenance fees that include **all utilities** make this an exceptionally affordable way to enjoy city living,while your own parking space and locker add the convenience and functionality buyers are looking for.The building itself is tucked quietly just off Yonge Street, offering a peaceful retreat from the pace of the city while keeping you remarkablyclose to everything. Perfectly positioned between Yonge & Eglinton and Leaside, you are steps from an incredible mix of restaurants, cafés,shops, grocery stores, parks and everyday essentials. Transit is right nearby, making commuting and exploring the city effortless.Whether you're a first time buyer looking to get into a sought after neighbourhood, a professional wanting a low maintenance home withpersonality, or simply someone who doesn't want to settle for another cookie cutter condo, this one deserves a look.Affordable, low maintenance and full of character, with an unbeatable location. 119 Merton is city living without the usual compromises.
Key facts
- Property type
- Condo Apartment, Loft
- MLS®
- C13811346
- Bedrooms
- 1
- Bathrooms
- 2 (1 half)
- Size
- 500-599 sq ft
- Cross streets
- Yonge and Merton
- Parking
- 1 garage (underground)
- Basement
- None
- Heating
- Forced Air
- A/C
- Central Air
- Exterior
- Brick
- Maintenance
- $585/mo
- Exposure
- North
- Property tax
- $2,390 / 2025
- Days on market
- 28
- Listing brokerage
- ROYAL LEPAGE SIGNATURE REALTY
Rooms
open concept · combined w/living
open concept · 4 pc ensuite
Breakfast Bar
open concept · juliette balcony
No automatic estimate is shown here: there are not enough closely comparable recent sales nearby to support one.
Considering this property? Request a written price readOn 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.
Neighbourhood & location
Mount Pleasant West, Toronto, ON
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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.
Also nearby: 12 more schools within 2.5 km
Not the assigned catchment: schools a family here could reach, with EQAO results where published.
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 4.34% via Ratehub.ca (as of October 20, 2026); conventional rates run a little higher.
Mortgage amount $476,000 · 4.49% over 25 years
Total monthly cost
- Mortgage payment (monthly equivalent)
- $2,632
- Property tax
- $199
- Condo / maintenance fees
- $585
- Heating
- $0
- Estimated monthly cost
- $3,416
Add your own property tax, condo fees, and heating on the left for a sharper total.
One-time closing costs
- Ontario land transfer tax
- $8,375
- Toronto municipal land transfer tax
- $8,375
- Estimated closing costs
- $16,750
Plus your down payment of $119,000. 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
- $157,913
- Principal paid down
- $58,158
- Interest paid
- $99,755
- Balance remaining
- $417,842
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.