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MLS® C14130692For SaleCondominium

116-253 Merton St

Mount Pleasant West, Toronto, Ontario M4S 3H2

Map

Asking$1,250,000

Bedrooms: 2
Bathrooms: 2
Size: 1,200–1,399sq ft
Per sq ft: $962at the range’s middle
Tax a year: $5,3252026 tax year
Parking: 22 underground
Days on market: Members

The brief

About 116-253 Merton St

116-253 Merton St is a 2-bedroom, 2-bathroom condo in Mount Pleasant West, Toronto, listed for sale at an asking price of $1,250,000 (MLS® C14130692).

A Truly One-Of-A-Kind, Fully Renovated 2-Bedroom, 2-Bathroom Main-Floor Residence Offering An Exceptional Blend Of Luxury, Space, And Tranquility. This Rare, Sun-Filled South-Facing Suite Features Soaring Ceilings, Expansive Living And Dining Areas, And A Large Private Patio Overlooking Lush Gardens With Direct Walk-out Access To The Kay Gardner Beltline Trail and Mount Pleasant Cemetery. Completely Reimagined With High-End Finishes Throughout, Including Stunning New Flooring, A Custom-Designed Chef's Kitchen With Premium Stainless Steel Appliances, Elegant Stone Countertops, An Oversized Island, And Beautiful Custom Millwork. Both Bathrooms Have Been Fully Renovated With Contemporary Finishes And Thoughtful Design. The Spacious Primary Retreat Features A Luxurious Ensuite And Walk-In Closet With Custom Built-In Organizers. Extensive Bespoke Cabinetry, Custom Closet Systems, And Designer Details Throughout Provide Exceptional Storage And Everyday Functionality. Enjoy The Rare Convenience Of Two Parking Spaces, Including One Near The Elevator, And Two Lockers. Maintenance Fees Include Heat, Hydro, And Water. A Remarkable Turnkey Residence Offering The Comfort Of A Home, The Convenience Of Condo Living, And Unparalleled Access To Nature In One Of Toronto's Most Desirable Neighbourhoods.

Insights

Condition Score
Good
76/100
2 documented update signals
Source: Listing age, structured features and disclosed update language; not an inspection.
Cashflow Quality
Shortfall
5/100
−$5,243/mo against the cost of owning (20% down, 4.8%, 25 yrs)
Source: Median of 99 condos with 2 bedrooms for lease in Mount Pleasant West right now. Cost of owning counts the mortgage, property tax and the condo fee.

Condition uses listing-record signals, not an inspection.

$1,250,000

Estimated market value

Inquire about this listing

ToKassaundra Dobson, Broker of RecordVALERY REAL ESTATE INC.

Listed by HOUSESIGMA INC., Brokerage. Kassaundra is not the listing agent.

The home

Key facts

Tax: $5,325 / 2026
MLS® number: C14130692
Board: TRREB MLS®
Property Type: Condo Apt
Days on market
Size: 1200-1399 sqft
Listed on
Parking: 2 Underground, 2 Parking

Listing brokerage: HOUSESIGMA INC.Data source: TRREB MLS®Information deemed reliable but not guaranteed. Contained information is subject to errors, omissions, and changes without notice. Information should be independently verified.

Property details

Property

Property Type: Condo Apt
Style: Apartment
Community: Mount Pleasant West
Municipality: Toronto

Building

Size: 1200-1399 sqft
Construction: Concrete

Inside

Bedrooms: 2
Bathrooms: 2
Bathroom Details: 1 × 3pc, 1 × 3pc
Basement Type: None
Kitchens: 1

Parking

Garage Type: Underground
Garage: 2
Additional Parking: 0
Total Parking: 2

Utilities

Cooling: Central Air
Heating Type: Forced Air

Additional

Fireplace: No
Den: Yes
Family room: Yes
Extras: Fridge, microwave stove, dishwasher, washer, dryer, 2 parking, 2 lockers.Remote blinds.Planters.Window coverings except for the second bedroom drapes.Kitchen dining table and bar stools.All built in cabinetry.
Condo maint.: $1,846

Rooms

Room details unavailable

The listing source did not provide room-level measurements or features.

Listing history

Buy/sell history for 116-253 Merton St, Toronto, Ontario

Sale history on this site covers the last 2 years, the window permitted under the TRREB MLS® VOW agreement.

Date Start	Date End	List Price	Price	Event	Listing ID
Date StartN/A	N/A	$1,250,000	N/A	For Sale	C14130692

Members see the full history. Prices are hidden from signed-out visitors.

The numbers

Mortgage Calculator

Plan with the current asking price

Asking price Fixed

Interest rate

Mortgage term

Amortization

Down payment20% · $250,000

CMHC insurance: not required at 20% down. Payments use Canadian semi-annual compounding.

Mortgage Details

4.8% · 5-year term · 25-year amortization · 20% down

Total down payment: $250,000
Total mortgage amount: $1,000,000
Total interest payment: $710,900
Total purchase cost: $1,960,900
Mortgage payment: $5,703/mo

Cash Flow Analysis

If you rented this home out at 20% down

Mortgage paymentProperty tax (monthly)Rental incomeMaintenance cost

Break-even down payment

94%

Monthly carrying cost

$7,993

−$5,243per month

Rent $2,750
Shortfall $5,243

Rental income opens at $2,750, the median asking rent of 99 comparable homes for lease in Mount Pleasant West. Type over it with the rent you expect. This is a planning tool, not advice.

Land transfer tax on this home

Ontario land transfer tax: $21,475
Toronto municipal land transfer tax: $21,475
Total land transfer tax: $42,950
First-time buyer rebates (Ontario up to $4,000 + Toronto up to $4,475): −$8,475
Total for first-time buyers: $34,475

See how this is worked out

0.5% on the first $55,000: $275
1.0% from $55,000 to $250,000: $1,950
1.5% from $250,000 to $400,000: $2,250
2.0% from $400,000 to $1,250,000: $17,000
Ontario total: $21,475

Toronto’s municipal tax uses the same brackets at this price, so it adds another $21,475.

An estimate at the asking price, for a home with one or two single-family residences. Your lawyer confirms the exact amount.

Estimate

Estimated value requires sign in

Market estimates use sold comparables and are available after you sign in and accept MLS® VOW terms.

The estimate is an automated value built from public and MLS® data. It is not an appraisal; ask Kassaundra Dobson, Broker of Record for a full comparative market analysis.

Comparable sales

Comparable sales require sign in

Closing prices and sold comps are available to registered visitors who accept MLS® VOW terms on this site.

The land

Land and environment

Public records about this location. Not part of the MLS® listing and not provided by the listing brokerage.

17 records · 9 on fileRead 2026-11-04

On record Checked, none on record

Water and conservation4

Not in Toronto and Region Conservation Authority’s mapped regulated areaAt the address
No mapped wetland within 120 m120 m
No water-supply well recorded within 250 m72 test or monitoring holes also recorded.250 m
Groundwater recorded about 7.6 m below ground nearbyThe middle water level in the well records within 500 m (150 records). It changes with the season and from spot to spot.500 m

Toronto and Region Conservation Authority · Province of Ontario open data

Planning and building activity5

Outside the Greenbelt, Oak Ridges Moraine and Niagara Escarpment plan areasAt the address
38 building permits issued within 250 m in the last 2 years250 m
9 open development applications within 250 mAn application is a proposal: it may change, be refused or never be built.250 m
Nearest airport: 6.4 km6.4 km
Mapped parcel: about 28,950 sq ftMeasured from the municipal parcel map, which can differ from the survey and from the lot size in the listing.At the address

Province of Ontario open data · Municipal building permits · Municipal development applications · toronto.parcels

Around the home1

A trail on the Ontario trail network within 1 km1 km

Province of Ontario open data

Environmental records4

No licensed pit or quarry within 2 km2 km
No recorded oil, gas or salt well within 250 m250 m
No facility within 1 km reports pollutant releases to Environment CanadaThe nearest is City of Toronto — North Toronto Treatment Plant, 2.6 km away. Only facilities above the inventory’s reporting thresholds are listed.1 km
No federal contaminated site within 1 kmThe federal inventory covers federal land only; it says nothing about provincial or private sites.1 km

Province of Ontario open data · Government of Canada open data

Power and internet3

Electricity is distributed here by Toronto Hydro-Electric System LimitedAt the address
Wired internet 50/10 Mbps or faster is listed at a household 50 m awayFixed wireless 50/10 Mbps or faster. LTE mobile coverage listed. ISED’s National Broadband Data at the nearest household point (50 m from the listing); 50/10 Mbps is its top category and includes faster plans. Confirm with a provider for this address.50 m
Across the surrounding area: fibre to the home, cable, DSL internet listedFibre to the home: Beanfield Metroconnect, Bell, Dotto One, FibreStream, Rogers. Cable: Rogers. DSL: Bell. Fixed wireless: Bell, Rogers, Routcom, SkyChoice Communications. Mobile: Bell, Freedom Mobile, Rogers, Telus. Satellite: Xplore. ISED’s list for the surrounding ~25 km² area; check with a provider for this address.Area-wide

Ontario Energy Board · Innovation, Science and Economic Development Canada

Each record is placed at the distance its own line states. None of it is an inspection of the property. Confirm anything that matters to you with the municipality, Toronto and Region Conservation Authorityor the record’s publisher.

Contains information licensed under the Open Government Licence – Canada. Contains information licensed under the Open Government Licence – Ontario. Contains information licensed under the Open Government Licence – Toronto. Contains information made available under the Toronto and Region Conservation Authority Open Data Licence v1.0.

Heritage and ravine protection

Not found on the Heritage Register
Not in a mapped Heritage Conservation District
Not in the mapped ravine protection area

What this means: None of these City records was found at this address. That does not rule out other approvals, such as a conservation authority permit, so check before you plan work.

City of Toronto Heritage Register, Heritage Conservation Districts and the Ravine and Natural Feature Protection by-law, read at this address from the City’s maps. Contains information licensed under the Open Government Licence – Toronto.

Zoning

Zone

CR 2.0 (c2.0; r2.0) SS2 (x2495)

By-law

569-2013

Municipality

Toronto

Commercial Residential zone (CR)

1 2.0
Density: total floor area is capped at 2.0 times the lot area.
2 c2.0
Commercial floor area is capped at 2.0 times the lot area.
3 r2.0
Residential floor area is capped at 2.0 times the lot area.
4 x2495
Site-specific exception 2495: this site has rules of its own, written in the by-law.
5 SS2
Standards set 2: the setback, height and coverage rules the by-law applies to this zone.
6 Where this is written
Chapter 40, section 40.10 of By-law 569-2013 · Exception 900.11.10(2495)
7 What that means in practice
These are the zone’s rules, not permission for this lot. What can be built also depends on the exceptions, overlays and setbacks that apply here. Confirm with the City before you plan.

City of Toronto Zoning By-law 569-2013, read at this address from the City’s zoning map. Open the City’s zoning map. Contains information licensed under the Open Government Licence – Toronto.

Permit history

6 building permits cleared at this address in the City’s file.

Interior AlterationsClosed
Proposed interior alterations to existing change room and fitness area in an existing residential condominium.
Issued April 16, 2024
Building Permit Related(MS)Closed
HVAC - Proposed interior alterations to existing change room and fitness area in an existing residential condominium.
Issued April 16, 2024
Building Permit Related(PS)Closed
Plumbing - Proposed interior alterations to existing change room and fitness area in an existing residential condominium.
Issued April 16, 2024
Interior AlterationsPermit Issued
Remove section of concrete block wall for passage of new chiller replacement equipment. Re-install block wall on completion.
Issued November 22, 2021
SprinklersClosed
Proposed sprinklers to be addded on main lobby area.
Issued December 22, 2017
Interior AlterationsInspection
Minor Interior Alterations, Kitchen and bathroom renovation. No plumbing location changes.
Issued February 28, 2017

City of Toronto Open Data — cleared building permits, which begin in 2017. Contains information licensed under the Open Government Licence – Toronto.

Signals around this home

Changing nearby

Changing nearby. 6 open development applications within 800 m of this home.

224 MERTON STSite planUnder Review
Site Plan Approval for a 40-storey mixed-use building having a non-residential gross floor area of 347.1 square metres, and a residential gross floor area of 28,700 square metres. 434 residential dwelling units are proposed.

70 m away
218 MERTON STSite planUnder Review
Site Plan Approval for a 40-storey mixed-use building having a non-residential gross floor area of 347.1 square metres, and a residential gross floor area of 28,700 square metres. 434 residential dwelling units are proposed.

70 m away
214 MERTON STSite planUnder Review
Site Plan Approval for a 40-storey mixed-use building having a non-residential gross floor area of 347.1 square metres, and a residential gross floor area of 28,700 square metres. 434 residential dwelling units are proposed.

90 m away
276 MERTON STSite planUnder Review
INACTIVE Site Plan application to permit a 13-storey building (49.65 metres to the top of the mechanical penthouse). The proposal includes 91 residential units as well as 58 parking spaces (reduced from 92) in a two- level underground parking garage (reduced from 3-levels).

120 m away
290 MERTON STSite planUnder Review
INACTIVE Site Plan application to permit a 13-storey building (49.65 metres to the top of the mechanical penthouse). The proposal includes 91 residential units as well as 58 parking spaces (reduced from 92) in a two- level underground parking garage (reduced from 3-levels).

120 m away
8 PAILTON CRESSite planUnder Review
INACTIVE Application for Site Plan Approval of a proposed 35-storey mixed rental residential building, with retail at-grade along Pailton Cres, approximately 437 (previously 449 units) and 32.017.60m2 of GFA (previosuly 33,395m2 of GFA)

130 m away

City of Toronto Open Data — Development Applications and Building Permits (cleared permits since 2017). An application is a proposal: it may change, be refused or never be built. Contains information licensed under the Open Government Licence – Toronto.

The market

Condos for sale in Mount Pleasant West right now

For sale now: 186
Median asking price: $599K
New in 7 days: 17
Price cuts: 15%

This home is asking 109% above the median, higher than three quarters of them.

See all homes in Mount Pleasant West

Asking prices and counts of the MLS® listings on this site as of today. Asking figures only, never sold or leased prices.

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City

Community

Property type

The street

Map and tour

Open in maps

Transit nearby

Station	Lines	Distance
Davisville Station	TTC subway: Line 1 Yonge-University	650 m
St Clair Station	TTC subway: Line 1 Yonge-University	1.1 km
Eglinton Station	TTC subway: Line 1 Yonge-UniversityTTC light rail: Line 5 Eglinton	1.2 km
Mount Pleasant Station	TTC light rail: Line 5 Eglinton	1.2 km
Summerhill Station	TTC subway: Line 1 Yonge-University	1.7 km

The nearest subway, light rail, train, bus rapid transit stations 5 km, as the crow flies. Source: TTC schedule data (GTFS) from the Toronto Transit Commission under the Open Government Licence – Toronto, downloaded October 18, 2026. Contains information licensed under the Open Government Licence – Toronto.

Schools nearby

Elementary	Type	Distance	EQAO average 2024–25
Davisville Junior Public SchoolToronto DSB	Public · grades JK–6 · French Immersion	500 m	95%Grade 6 average
Deer Park Junior and Senior Public SchoolToronto DSB	Public · grades JK–8	900 m	80%Grade 6 average
Our Lady of Perpetual Help Catholic SchoolToronto CDSB	Catholic · grades JK–8	1.2 km	92%Grade 6 average
ÉÉC du Sacré-Coeur-TorontoConseil scolaire catholique MonAvenir	French-language Catholic · grades JK–6	4.4 km	60%Grade 6 average

Secondary	Type	Distance	Grade 9 math 2024–25
Northern Secondary SchoolToronto DSB	Public · grades 9–12	1.5 km	72%Grade 9 math
North Toronto Collegiate InstituteToronto DSB	Public · grades 9–12	1.5 km	80%Grade 9 math
Marshall McLuhan Catholic Secondary SchoolToronto CDSB	Catholic · grades 9–12	2.1 km	59%Grade 9 math
Collège français secondaireConseil scolaire Viamonde	French-language public · grades 9–12	4 km	86%Grade 9 math

EQAO: share of students at or above the provincial standard, 2024–25 (Ontario open data). These are the schools nearest this home, not the schools it is assigned to: boundaries change, and some schools take students by application. Confirm with the board before you buy. Contains information licensed under the Open Government Licence – Ontario.

The verdict

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