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Listed 11 days ago

162 Merkley Square

Morningside, Toronto

$799,900

Detached|Backsplit 4
3 | 2 | 2
About this home

Location, location, location! Welcome to this spacious four-level backsplit nestled in an established Scarborough neighbourhood, offering plenty of room to make it your own. Ideally situated just minutes from parks, schools, tennis courts, a dog park, public transit, the hospital, Highway 401, and everyday amenities, everything you need is within easy reach.Step inside to a bright and inviting main level featuring an open-concept living and dining area with hardwood flooring and a large front window filling the space with natural light. The updated kitchen features ample cabinetry and counter space, creating a functional setting for everyday living. With four levels of living space, there's plenty of flexibility whether you're entertaining, working from home, accommodating a growing family, or simply looking for room to spread out.Upstairs, you'll find two generously sized bedrooms and a renovated bathroom. The lower level features a spacious family room and additional bedroom, while the finished basement includes another living area and bedroom, providing even more versatility to suit your needs. Freshly painted throughout, the home provides a bright, neutral backdrop ready for its next owners to add their own personal style.Outside, enjoy a newly fenced backyard with plenty of privacy and space to entertain or relax, along with an existing in-ground pool with the potential to create your own private summer retreat. Complete with a one-car garage and a location that keeps you connected to everything the GTA has to offer, this home is ready for its next chapter in a well-connected Scarborough neighbourhood. ** Pool photo is virtually altered.

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BrokerHub Inc.
(647) 254-1864
TypeDetached
StyleBacksplit 4
Approx. AgeNot available
Size1500-2000 sq. ft.
Property Tax$4,276
Lot Size45 ft x 129.97 ft
mls© NumberE13697156
Listed ByKeller Williams Energy Real Estate

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%
$4,094
Property tax
$356
Heat allowance
$150
Housing costs
$4,601 / mo

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

Down payment20% · $159,980
25-yr amortization

Income needed

$142,000

gross annual household income

Payment at 4%
$3,366 / mo
Cash down
$159,980

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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