24 Merritt Road, Toronto, ON
O'Connor-Parkview, Toronto · MLS® E13829876
About this home
In short
- Located on a quiet court, this brand new 2-storey custom-built detached home sits on a generous pie-shaped lot with an expanded rear yard.
- The thoughtfully designed layout features open-concept principal rooms, excellent storage throughout, and practical flow for everyday living.
- Situated in a well-established, family-friendly neighbourhood and within the Selwyn Public School catchment area, the property is surrounded by multiple parks and...
Located on a quiet court, this brand new 2-storey custom-built detached home sits on a generous pie-shaped lot with an expanded rear yard. Designed with long-term family living in mind, the home offers four bedrooms on the upper levels, along with a dedicated mid-level storage/playroom that provides flexible space for children, a home office, or additional family use.The thoughtfully designed layout features open-concept principal rooms, excellent storage throughout, and practical flow for everyday living. The lower level includes two additional bedrooms, offering strong flexibility for extended family living, guests, or potential rental use.Situated in a well-established, family-friendly neighbourhood and within the Selwyn Public School catchment area, the property is surrounded by multiple parks and recreational facilities, with a public indoor pool within walking distance. The location provides easy access across the city while maintaining a quiet residential setting.A rare opportunity to own a brand new custom home in a mature neighbourhood, ideal for families seeking space, flexibility, and long-term value.The new property tax has not been assessed yet.
Key facts
- Property type
- Detached, 2-Storey
- MLS®
- E13829876
- Bedrooms
- 4+2 (6 total)
- Bathrooms
- 5 (1 half)
- Size
- 2000-2500 sq ft
- Lot
- 28 × 109.91 ft
- Cross streets
- O'connor Dr & St.Clair Ave E
- Parking
- 1 garage · 2 parking (detached)
- Driveway
- Private
- Basement
- Finished
- Heating
- Forced Air
- A/C
- Central Air
- Exterior
- Aluminum Siding
- Foundation
- Concrete
- Roof
- Asphalt Shingle
- Sewer
- Sewer
- Property tax
- $3,831 / 2025
- Days on market
- 25
- Listing brokerage
- ROYAL LEPAGE SIGNATURE REALTY
Rooms
hardwood floor · window
Window
hardwood floor · window
hardwood floor · window
4 pc bath · linoleum · pot lights
hardwood floor · window
linoleum · window · pot lights
Window
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 Selwyn Elementary School, 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
O'Connor-Parkview, 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
Homes over $1.5M can't be insured, so 20% down or more is required.
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 $1,399,200 · 4.49% over 25 years
Total monthly cost
- Mortgage payment (monthly equivalent)
- $7,736
- Property tax
- $319
- Condo / maintenance fees
- $0
- Heating
- $0
- Estimated monthly cost
- $8,056
Add your own property tax, condo fees, and heating on the left for a sharper total.
One-time closing costs
- Ontario land transfer tax
- $31,455
- Toronto municipal land transfer tax
- $31,455
- Estimated closing costs
- $62,910
Plus your down payment of $349,800. 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
- $464,185
- Principal paid down
- $170,956
- Interest paid
- $293,229
- Balance remaining
- $1,228,244
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.