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532 MERTON STREET, Toronto (Mount Pleasant East) — listed at $1,245,000. Earn buyer cashback at closing. No catches, just more money in your pocket.
Rare Midtown Gem, Classic Character & Modern Elegance on an Extraordinary 176 FT Deep Lot! Perfectly positioned in highly sought-after Mount Pleasant East, this charming home seamlessly pairs timeless architectural soul with thoughtful modern upgrades. Designed for stylish, low-maintenance living, the main floor showcases a bright, sun-filled layout featuring a newly renovated gourmet kitchen complete with sleek cabinetry and premium finishes.Upstairs, find two cozy, light-filled bedrooms and a full 4-piece bathroom. The fully finished basement adds exceptional flexible living space, boasting a newly renovated layout with a full bathroom, a dedicated bedroom/home office, and a rare separate entrance-offering immense versatility for a private guest suite, work-from-home setup, or potential rental income.Step outside into your own private sanctuary: an extraordinarily deep 176.66 ft lot providing an expansive backyard oasis rarely found in midtown Toronto-ideal for summer dining, garden enthusiasts, or future outdoor enhancement. Enjoy the incredible convenience of a rare private driveway with 2-car parking.Unbeatable location just steps to the famous Kay Gardner Beltline Trail, pristine parks, Davisville Subway Station, top-ranked schools, and the vibrant shops and bistros along Yonge & Bayview. Move right in and experience effortless city living with unlimited outdoor freedom! (id:60164)
| Room | Level | Dimensions |
|---|---|---|
| Living room | Main level | 3.97 x 3.59 meters |
| Dining room | Main level | 3.98 x 2.87 meters |
| Kitchen | Main level | 3.96 x 2.26 meters |
| Primary Bedroom | Second level | 3.76 x 3.71 meters |
| Bedroom 2 | Second level | 3.42 x 2.96 meters |
| Bedroom 3 | Lower level | 2.42 x 1.7 meters |
| Family room | Lower level | 3.87 x 3.45 meters |
Could this work as an investment property?+
The basement description mentions: Finished, Separate entrance, Walk out, N/A, N/A. If it has a separate entrance, there may be rental income potential — but verify zoning and whether a legal second unit is permitted in Toronto (Mount Pleasant East) before counting on it.
Does it have a basement, and is it finished?+
Yes — Finished, Separate entrance, Walk out, N/A, N/A. A finished basement adds meaningful living space beyond the listed square footage.
How is the space laid out across floors?+
This is a 2-storey single family. The 3 bedrooms and 2 bathrooms are typically split with living areas on the main floor and bedrooms above — confirm the exact layout during a showing.
What are the ongoing costs beyond the mortgage?+
Budget for annual property taxes of $6,606.55, heating is forced air, natural gas. Always verify the latest figures with your agent before making an offer — these change yearly.
What makes this a luxury property?+
At $1,245,000, the premium reflects location, finishes, and lot. In this price range, expect higher-end finishes — verify during a showing.
How is the home heated? Is it efficient?+
Heating is forced air, natural gas. Gas heating is generally the most cost-efficient option in Ontario winters.
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