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246 - 139 Merton Street
Mount Pleasant West, Toronto
$559,000
Beautiful, bright southeast corner 2-storey loft. One bedroom plus den, 750 sq ft interior space plus a private south-facing covered terrace (BBQ allowed). Newer floors (2023) and newer window coverings (2023). Modern open-concept kitchen with granite countertops, full-size appliances, a large window in the kitchen, plus an extra-large pantry for loads of storage. The large main floor pantry can easily be converted back to the original 2-piece powder room; the current owner converted the 2-piece bathroom into the pantry, and all the plumbing is still there to be used to easily add a sink and toilet. Spacious living and dining room area with soaring 16-foot ceilings. Walk out to the private south-facing terrace featuring gorgeous sunny and private treed views. Great-sized Bedroom and den/home office on the second level with a large walk-in closet with custom shelving and gorgeous southeast treed views. Spacious 4-piece bathroom with a window. Large walk-in laundry room with fabulous additional storage space. Locker included. Low maintenance fees with all utilities included. Party room, underground visitor parking, bike storage. Direct access to the Kay Gardner Beltline Trail at the back of the building. Five-minute walk to the Davisville subway station. Enjoy the abundance of amenities along Yonge St & Mount Pleasant Rd. Short Walk To Yonge & Eglinton and Yonge & St Clair. Experience Midtown Toronto living at its finest!
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What the bank counts
This home's actual carrying costs, payment stress-tested at 6%
- Mortgage, tested at 6%
- $2,861
- Property tax
- $271
- Heat allowance
- $150
- Condo fees, half counted
- $337
- Housing costs
- $3,619 / mo
Lenders cap these at 39% of gross income — that sets the number.
Income needed
$111,000
gross annual household income
- Payment at 4%
- $2,352 / mo
- Cash down
- $111,800
Assumes no other monthly debts · 25-yr amortization
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