139 Merton Street 246, Toronto C10

$599,900
139 Merton Street 246

$599,900

New
17d
Condo Apartment2-Storey

139 Merton Street 246, Toronto C10

Total Monthly Obligation $3,564

Bed+Den
2+1
Baths
1
Park
0
Sqft
700-799
DOM
17d
Score
17
Yield
5.3%
Cash on Cash
-6.9%
Cap Rate
3.1%
5Y IRR
10.2%
10Y IRR
10.4%
Property Type-Condo Apartment
MLS® Number-C13868894
Bed+Den-2+1
Bathrooms-1
Size-700-799 sqft
Listed on site-Oct 6, 2026
Style-2-Storey
Building Type-Condo Apartment
Taxes-$3,250 (2025)
Maintenance-$673.33/mo
Locker-Owned
Parking-Underground
Basement-Other
Heating-Fan Coil (Gas)
Brokerage-CHESTNUT PARK REAL ESTATE LIMITED
Cooling-Central Air
Laundry-No
Fireplace-No
Pool-None
Exterior-Concrete, Brick
Possession-Flexible
Neighbourhood-Mount Pleasant West
Title-Residential Condo & Other

No agent assigned

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!

$
$
%
%
$
$
$
(utilities, internet...)
$
%
%

Closing Costs

Mortgage Amount
$479,920
Land Transfer Taxes$8,473
Legal Fees (Est.)
$
Total cash required for closing$129,953

Total Monthly Obligation

$3,564/mo
Mortgage $2,420
Monthly Loss $2,927
Principal$637
Interest$1,783
Property Tax$271
Condo Fees$673
Home Insurance$50
Variable Costs$150
Returns
Weight: 25%
Cap Rate
2.4%14
Cash-on-Cash
-11.2%1
5-Year IRR
7.0%18
10-Year IRR
8.4%
Returns Index
10.4/ 100
Growth Sentiment
Weight: 20%
%/yr
Score+50
%/yr
Score+50
%
%
Growth Index
50.0/ 100
GradeD
17/ 100
Avoid•Pass

Strategy: Buy & Hold — Weights: CFI 35% · RI 25%
RKI 20% · GI 20%

Assumptions & Inputs
$/mo
%
$
yr
%
Cash Flow
Weight: 35%
Gross Rent
$31,536/yr
NOI
$14,652/yr
Net Cash Flow
-$1,199/mo
Cash Margin
-45.6%0
Cash Flow Index
0.0/ 100
Risk Profile
Weight: 20%
DSCR
0.505
LTV Ratio
80.0%18
Vacancy Buffer
2.7 mo44
Risk Index
22.4/ 100

*This analysis is independently generated NOT provided by TREB or CREA.

Comparables

Properties near 139 Merton Street 246

Time

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