532 Merton Street, Toronto, ON
Mount Pleasant East, Toronto · MLS® C14033652
About this home
In short
- Rare Midtown Gem, Classic Character & Modern Elegance on an Extraordinary 176 FT Deep Lot.
- Designed for stylish, low-maintenance living, the main floor showcases a bright, sun-filled layout featuring a newly renovated gourmet kitchen complete with sleek...
- Upstairs, find two cozy, light-filled bedrooms and a full 4-piece bathroom.
- The fully finished basement adds exceptional flexible living space, boasting a newly renovated layout with a full bathroom, a dedicated bedroom/home office, and a...
- Step outside into your own private sanctuary: an extraordinarily deep 176.66 ft lot providing an expansive backyard oasis rarely found in midtown Toronto-ideal for...
Rare Midtown Gem, Classic Character & Modern Elegance on an Extraordinary 176 FT Deep Lot! Perfectly positioned in highly sought-after Mount Pleasant East, this charming home seamlessly pairs timeless architectural soul with thoughtful modern upgrades. Designed for stylish, low-maintenance living, the main floor showcases a bright, sun-filled layout featuring a newly renovated gourmet kitchen complete with sleek cabinetry and premium finishes.Upstairs, find two cozy, light-filled bedrooms and a full 4-piece bathroom. The fully finished basement adds exceptional flexible living space, boasting a newly renovated layout with a full bathroom, a dedicated bedroom/home office, and a rare separate entrance-offering immense versatility for a private guest suite, work-from-home setup, or potential rental income.Step outside into your own private sanctuary: an extraordinarily deep 176.66 ft lot providing an expansive backyard oasis rarely found in midtown Toronto-ideal for summer dining, garden enthusiasts, or future outdoor enhancement. Enjoy the incredible convenience of a rare private driveway with 2-car parking.Unbeatable location just steps to the famous Kay Gardner Beltline Trail, pristine parks, Davisville Subway Station, top-ranked schools, and the vibrant shops and bistros along Yonge & Bayview. Move right in and experience effortless city living with unlimited outdoor freedom!
Key facts
- Property type
- Semi-Detached, 2-Storey
- MLS®
- C14033652
- Bedrooms
- 2+1 (3 total)
- Bathrooms
- 2
- Size
- 700-1100 sq ft
- Lot
- 17.5 × 176.6 ft
- Cross streets
- Bayview / Merton
- Parking
- 2 parking
- Driveway
- Private
- Basement
- Finished with Walk-Out, Separate Entrance
- Kitchens
- 2 (1 + 1)
- Heating
- Forced Air
- A/C
- Central Air
- Exterior
- Brick Front
- Foundation
- Poured Concrete
- Roof
- Asphalt Shingle
- Sewer
- Sewer
- Property tax
- $6,607 / 2026
- Days on market
- 5
- Listing brokerage
- PRESTIGIUM REAL ESTATE LTD.
Rooms
hardwood floor · double closet · large window
tile floor · open concept · quartz counter
hardwood floor · overlooks backyard
laminate · pot lights
hardwood floor · pot lights
hardwood floor · large window
tile floor · open concept
No automatic estimate is shown here: there is not a deep enough record of recent sales of homes like this one in this neighbourhood to support one.
Considering this property? Request a written price readIts public catchment (Northern Secondary School) tests around the provincial average, a steady, family-friendly draw. The full EQAO breakdown is below.
Nothing closely matching this home is listed nearby right now, so these are the nearest semi-detached listings on the market.
Per square foot, these ask about $1,049/sqft; this home lists at $1,217/sqft. Size is part of the price story, not just the sticker.
The 5 closest active listings nearby.
See all comparable homesNeighbourhood & location
Mount Pleasant East, Toronto, ON
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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.
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 19, 2026); conventional rates run a little higher.
Mortgage amount $876,000 · 4.49% over 25 years
Total monthly cost
- Mortgage payment (monthly equivalent)
- $4,844
- Property tax
- $551
- Condo / maintenance fees
- $0
- Heating
- $0
- Estimated monthly cost
- $5,394
Add your own property tax, condo fees, and heating on the left for a sharper total.
One-time closing costs
- Ontario land transfer tax
- $18,375
- Toronto municipal land transfer tax
- $18,375
- Estimated closing costs
- $36,750
Plus your down payment of $219,000. 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
- $290,613
- Principal paid down
- $107,031
- Interest paid
- $183,582
- Balance remaining
- $768,969
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
Income potential: the basement has a separate entrance, which often supports a rentable in-law or second suite. That can lift real rent well above the figure above and help carry the mortgage. Ask us about permitted use in this area.
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 PRESTIGIUM REAL ESTATE LTD.. MLS®/PropTx.