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Featured
New6 hours ago

24 Merritt Road

O'Connor-Parkview, Toronto

$1,799,000

Detached|2-Storey
4 | 5 | 2
About this home

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.

Extras

No extras listed.

TypeDetached
Style2-Storey
Approx. AgeNot available
Size2000-2500 sq. ft.
Property Tax$3,831
Lot Size28 ft x 109.91 ft
mls© NumberE13626092
Listed ByROYAL LEPAGE SIGNATURE REALTY

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%
$9,208
Property tax
$319
Heat allowance
$150
Housing costs
$9,677 / mo

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

Down payment20% · $359,800
25-yr amortization

Income needed

$298,000

gross annual household income

Payment at 4%
$7,570 / mo
Cash down
$359,800

Assumes no other monthly debts · 25-yr amortization

Full affordability check

Investment Analysis

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

Listing History

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  • No recent lease history for this listing.

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