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New2 hours ago

606 - 253 Merton Street

Mount Pleasant West, Toronto

$528,000

Condo Apartment |
1 | 1 | 1 | 1
About this home

Discover serene city living in this functionally designed, bright and airy 1-bedroom suite at Rio II, ideally tucked away on Merton Street in the heart of Davisville Village. Enjoy unobstructed north-facing views and an abundance of natural light throughout the thoughtfully designed, open-concept living and dining space, with a seamless walkout to your private balcony-perfect for relaxing and unwinding.Modern maple kitchen features granite countertops, full-size brand-new stainless steel appliances, ample cabinetry and a convenient breakfast bar. The spacious primary bedroom offers a modern wall-to-wall closet for exceptional storage, while a generous bathroom, ensuite laundry, fresh paint, custom window coverings, crown moulding and excellent closet space throughout make this home truly move-in ready. Includes 1 underground parking space and 1 locker.Set within an exceptionally well-managed, pet-friendly and community-minded boutique building with only 124 suites, residents enjoy 24-hour concierge service, an on-site property manager, ample visitor parking and an impressive selection of amenities, including a fully equipped fitness facility, sauna, party room, billiards, library and a secure courtyard garden with BBQ.BONUS: Maintenance fees include heat, hydro, water and central air!Nature is right at your doorstep, with direct access to the Kay Gardner Beltline Trail-ideal for dog lovers, cyclists, runners and outdoor enthusiasts. Walk to Davisville Subway Station, shops, restaurants, cafés, Sobeys, acclaimed public and private schools, and the future Davisville Community & Aquatic Centre. Minutes to Yonge & Eglinton and Yonge & St. Clair, this exceptional location offers the perfect balance of urban convenience and peaceful residential living.A wonderful opportunity to enjoy comfort, convenience and community in one of Midtown Toronto's most desirable neighbourhoods!

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Milad Momtaz Azad
Milad Momtaz Azad
(647) 510-8858
Julian Kashani
Julian Kashani
(416) 837-7775
TypeCondo Apartment
StyleApartment
Approx. AgeNot available
Size600-699 sq. ft.
Maintenance Fees$771
LockerOwned
BalconyOpen
ExposureNorth
Parking TypeUnderground
Parking Spaces1
Parking FeaturesUnderground
Property Tax$2,655
mls© NumberC13753262
Listed BySUTTON GROUP-ADMIRAL REALTY INC.
CAC Included
Common Elements Included
Heat Included
Hydro Included
Building Insurance Included
Parking Included
Water Included

Listing History

  • No recent sale history for this listing.
  • No recent lease history for this listing.

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Could you afford this home?

What the bank counts

This home's actual carrying costs, payment stress-tested at 6%

Mortgage, tested at 6%
$2,703
Property tax
$221
Heat allowance
$150
Condo fees, half counted
$385
Housing costs
$3,459 / mo

Lenders cap these at 39% of gross income — that sets the number.

Down payment20% · $105,600
25-yr amortization

Income needed

$106,000

gross annual household income

Payment at 4%
$2,222 / mo
Cash down
$105,600

Assumes no other monthly debts · 25-yr amortization

Full affordability check

Investment Analysis

Estimated rent, cap rate and monthly cash flow for this property

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