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New2 hours ago

714 Merton Street

Mount Pleasant East, Toronto

$1,275,000

Detached|2-Storey
3 | 2 | 2
About this home

A Davisville classic with Endless Potential. Opportunity awaits in this charming, detached home, lovingly owned by the same family for 40 years. The main floor features a spacious living room with a brick wood-burning fireplace, flowing into a formal dining area and sunlit kitchen with a walkout to the rear deck and private yard. Upstairs, a generous, naturally bright landing leads to three well-proportioned bedrooms with gleaming oak parquet floors and 4-piece bath. The versatile basement offers reasonable ceiling height, a generous family recreation room, 3-piece bathroom, ample storage, and a rare, highly desirable walk-out to the the back yard. Perfectly situated in Davisville village, this home offers an exceptional, highly walkable lifestyle. Steps to top-rated schools (Maurice Cody PS), beautiful parks, artisanal bakeries, cafes, and everyday amenities along Bayview Avenue. A rare opportunity to own a cherished family home in a premier midtown pocket! Full of character and possibilities, this is the perfect place for a new family to put down roots, create lasting memories, and make the home their own.

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Contact BrokerHub Inc..

BrokerHub Inc.
(647) 254-1864
TypeDetached
Style2-Storey
Approx. Age100+
Size1100-1500 sq. ft.
Property Tax$7,174
Lot Size20 ft x 176 ft
mls© NumberC14084812
Listed ByCHESTNUT PARK REAL ESTATE LIMITED

Listing History

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

Schools

Could you afford this home?

What the bank counts

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

Mortgage, tested at 6%
$6,526
Property tax
$598
Heat allowance
$150
Housing costs
$7,274 / mo

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

Down payment20% · $255,000
25-yr amortization

Income needed

$224,000

gross annual household income

Payment at 4%
$5,365 / mo
Cash down
$255,000

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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