MAIN AND LANEWAY-11 Merrill Avenue, Toronto, ON
Woodbine Corridor, Toronto · MLS® E13033126
About this home
Rare opportunity on the Danforth! Completely rebuilt detached home featuring 3+1 bedrooms and 4 bathrooms, plus a two-bedroom + den laneway house. This property offers a perfect blend of modern design and warm interior finishes, with high-end craftsmanship throughout. Impeccable attention to detail is evident in the custom millwork, flooring, and quartz countertops. Floor-to-ceiling windows flood the home with natural light, creating a seamless flow between living spaces, while heated bathroom floors add everyday luxury. The lower level includes a self-contained legal 1-bedroom in-law/nanny or income suite with a separate entrance. The two-storey laneway house features 2 bedrooms plus a den, polished concrete radiant heated floors, and separate hydro and gas meters. The laneway living room can be converted back to parking if desired, and there is ample street parking available. The main house is currently tenanted at $4,926/month, the laneway house at $3,508/month, and the basement was previously rented at $2,100/month. Tenants pay their own gas and electricity. Ideally located within walking distance to Woodbine and Coxwell subway stations, as well as the restaurants and shops along the Danforth. This is an exceptional opportunity offering luxury urban living with the added benefit of meaningful rental income.
Key facts
- Property type
- Detached, 2 1/2 Storey
- MLS®
- E13033126
- Bedrooms
- 7 (3 + 4)
- Bathrooms
- 5 (1 half)
- Size
- 2000-2500
- Lot
- 20.01 × 102 ft
- Cross streets
- Woodbine S. Of Danforth
- Parking
- 1 garage · 0 parking (detached)
- Driveway
- Lane
- Basement
- Finished with Walk-Out, Apartment, Separate Entrance, Full
- Kitchens
- 3 (1 + 2)
- Heating
- Forced Air
- A/C
- Central Air
- Exterior
- Metal/Steel Siding, Brick Veneer
- Foundation
- Concrete, Insulated Concrete Form
- Roof
- Flat, Metal, Membrane
- Sewer
- Sewer
- Property tax
- $8,453 / 2025
- Days on market
- 91
- Listing brokerage
- RIGHT AT HOME REALTY
Rooms
Porcelain Floor
hardwood floor · b/i closet
Concrete Floor
hardwood floor · w/o to terrace · 5 pc ensuite
Hardwood Floor
concrete floor · heated floor · combined w/kitchen
Concrete Counter
hardwood floor · b/i closet
hardwood floor · window floor to ceiling
concrete floor · heated floor · combined w/dining
hardwood floor · closet
hardwood floor · stainless steel appl
concrete floor · heated floor · combined w/dining
4 pc bath · porcelain floor · heated floor
hardwood floor · gas fireplace · w/o to porch
concrete floor · heated floor · w/o to patio
hardwood floor · closet
concrete floor · heated floor · 4 pc bath
concrete floor · heated floor · combined w/kitchen
Listed at $2,299,000, 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.
In Woodbine Corridor lately, sellers have been getting about 100% of asking and homes sell in about 23 days. Prices are up 5% versus a year ago.
There were not many closely comparable homes right in Woodbine Corridor, so I widened the search to the surrounding area.
Based on 46 similar homes that recently sold nearby, adjusted for size, beds, and baths.Median of 46 recently sold comparable homes — actual closing prices, not asks — adjusted for size, beds, and baths. The city (MPAC) assessment points to about $2.00M, a close match.
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, sold for $2.28M
- Bathrooms +$60K
- Adjusts to $2.34M
That comparable adjusts to $2.34M; the $2.11M estimate above is the median of all 46 comparables, which is steadier than any single home.This estimate is grounded in actual closing prices from the last 15 months, not asking prices. Lot, condition, and finishes are still my in-person call.
The assigned public school is Earl Haig Public School. EQAO is only one input, and families here also look at French Immersion, boundary, and private options, the full breakdown is below.
Total price vs nearby homes. Fair value about $2.11M, median of 46 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.
- Separate entrance / basement suite: rental or in-law income potential, if it is legally registered and retrofit-compliant. Income potential
- Renovated / rebuilt: recent work can mean fewer upfront costs, worth confirming the scope, quality, and that permits were pulled. Value driver
- Heated floors: comfort and a premium-finish signal. Lifestyle
- Currently tenanted: confirm the lease terms and vacant-possession timing before closing. Worth verifying
The closest active listings by size, beds, and price, so you can see what this home is up against.
The 3 closest active listings nearby.
See all comparable homesThis home lists 8% below the area average of $1,112/sqft.
90 days longer than the Toronto average (1 days).
View comparable listingsPrice per square foot vs the area average.
Neighbourhood & location
Woodbine Corridor, Toronto, ON
Enter a workplace or destination and we’ll show the door-to-door time by car, transit and bike.
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 23, 2026); conventional rates run a little higher.
Mortgage amount $1,839,200 · 4.14% over 25 years
Total monthly cost
- Mortgage payment (monthly equivalent)
- $9,815
- Property tax
- $704
- Condo / maintenance fees
- $0
- Heating
- $0
- Estimated monthly cost
- $10,519
Add your own property tax, condo fees, and heating on the left for a sharper total.
One-time closing costs
- Ontario land transfer tax
- $43,950
- Toronto municipal land transfer tax
- $43,950
- Estimated closing costs
- $87,900
Plus your down payment of $459,800. 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
- $588,879
- Principal paid down
- $234,223
- Interest paid
- $354,657
- Balance remaining
- $1,604,977
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 RIGHT AT HOME REALTY. MLS®/PropTx.