MLS® listing
225 Merton Street 501: condo apartment for sale
$592,000
From the listing brokerage
Welcome to your own slice of paradise in the heart of Midtown, where the Kay Gardner Beltline Trail is practically your backyard. Morning run? Evening stroll? Taking Fido out for a spin? Just step outside and you're there. Inside, this spacious one-bedroom-plus-den suite has plenty to love. The primary bedroom easily accommodates a king-size bed and offers exceptional closet space, including a walk-in, along with peaceful views of the Beltline treetops. The newly renovated kitchen is fresh, bright and made for entertaining, with quartz countertops, a breakfast bar and an open-concept layout that keeps you connected to your guests. But the real showstopper? The terrace. Overlooking the lush greenery of the Beltline, it feels like your own private escape from the city. Need to work from home? The enclosed den gives you a proper office with a door you can close at the end of the day. And the location? Hard to beat. Davisville subway station, groceries, coffee shops, restaurants, gyms and the movie theatre are all just steps away. City convenience. Treetop views. The Beltline at your doorstep. This is Midtown living done right.
Facts on the listing
| Square feet | 600-699 |
|---|---|
| Approximate age | 16-30 |
| Style | 1 Storey/Apt |
| Basement | None |
| Parking spaces | 1 |
| Garage | Underground |
| Heating | Forced Air |
| Cooling | Central Air |
| Kitchens | 1 |
| Maintenance fee | $854 |
| Property tax | $2,977 |
| Tax year | 2026 |
| Locker | Owned |
| Pets | Yes-with Restrictions |
| Exposure | South |
| Fee includes | Heat Included, Hydro Included, Building Insurance Included, Common Elements Included, CAC Included |
| Building amenities | Community BBQ, Elevator, Exercise Room, Gym, Party Room/Meeting Room, Visitor Parking |
| Balcony | Terrace |
| Laundry | Ensuite |
| Parking | Underground |
| Interior features | Carpet Free |
| Features | Greenbelt/Conservation, Library, Park, Public Transit, Ravine, School |
| View | City, Trees/Woods |
| Floor | 5 |
Listing courtesy of BOSLEY REAL ESTATE LTD.. MLS® C13786210.
About this condo apartment
225 Merton Street 501 is a 2 bedroom condo apartment in TRREB's Mount Pleasant West community in Toronto, listed for sale at $592,000. The listing shows 1 bathroom and 600-699 square feet. The style is given as 1 storey/apt. The unit faces south. It comes with 1 parking space, an underground garage and a locker (owned) according to the listing. The nearest main intersection given is Yonge & Davisville. The age is listed as 16-30 years.
These details come from the listing brokerage through TRREB's MLS® System. Room sizes, parking and locker ownership and what the fee covers should all be checked against the status certificate before an offer is firm.
Building amenities on the listing: community bbq, elevator, exercise room, gym, party room/meeting room and visitor parking.
What it costs to buy 225 Merton Street 501
At the asking price of $592,000, a buyer pays two land transfer taxes on closing: the Ontario tax and the City of Toronto's municipal tax. Both apply to every home inside the City.
| Asking price | $592,000 |
|---|---|
| Ontario land transfer tax | $8,315 |
| Toronto municipal land transfer tax | $8,315 |
| Both taxes | $16,630 |
| First-time buyer relief, if you qualify | up to $8,475 |
| Minimum down payment | $34,200 |
The down payment figure is the federal minimum: 5 percent of the first $500,000 and 10 percent of the rest. A lender can ask for more. These figures use the asking price, so they change if you pay more or less. Legal fees, title insurance and adjustments are extra: ask your lawyer for a written quote. This is general information, not legal or tax advice. Confirm the figures with a lawyer or accountant. You can change the price in our land transfer tax calculator and our mortgage calculator.
What it costs to own each month
| Maintenance fee | $854 a month |
|---|---|
| Property tax (2026) | $2,977 a year, about $248 a month |
| Fee and tax together | about $1,102 a month |
The listing says the maintenance fee includes heat, hydro, building insurance, common elements and cac. That is before a mortgage payment, home insurance and any utilities the fee does not cover. Fees are set each year in the corporation's budget and can change. The status certificate shows the current fee, the budget behind it and the reserve fund.
How the asking price compares
TRREB recorded 885 condo apartment sales in the City of Toronto in August 2026, at a median price of $550,000 and an average of $651,648. This home is listed at $592,000, which is $42,000 above that median.
The median covers every neighbourhood, size and condition in the City of Toronto, so it is a reference point and not a valuation of this home. Location, size, lot, parking and condition all move the price. Our Toronto house prices page has the figures for every home type.
What to check before you make an offer
- Order the status certificate. A condo corporation must provide it within 10 days of a request and can charge up to $100. It shows the fee for this unit, any arrears, the budget, the reserve fund balance and any special assessment or lawsuit the corporation knows about.
- Have a lawyer read it. The certificate comes with the declaration, by-laws and rules. Ask what they say about pets, renting the unit and renovations. The listing gives pets as "Yes-with Restrictions".
- Confirm the parking and locker. The listing shows 1 parking space and a locker. Ask whether each is owned, exclusive use or rented. Get the unit numbers.
- Check the reserve fund study. Ask when the last study was done and what it says about contributions.
- Get your financing in writing. A lender looks at the maintenance fee and the property tax as well as the price.
- See it in person. The listing has a virtual tour, but photos do not show noise, light at different hours or the state of the hallways and elevators.
Our first-time home buyer guide and our page for buyers walk through each step. This is general information, not legal advice. Confirm the details with a lawyer.
About Yonge and Eglinton
The area around Eglinton station, where Line 1 meets Line 5 Eglinton. Condo apartments made up 128 of 166 sales in its two TRREB communities from April to June 2026, alongside a smaller market for houses.
Transit: Eglinton station (Line 1 and Line 5) and Davisville station (Line 1), plus Line 5 at Mount Pleasant, Avenue and Chaplin stations. TTC buses 97 Yonge, 74 Mount Pleasant and 34 Eglinton
| Property type | Median | Sales and average |
|---|---|---|
| Yonge-Eglinton, all property types | Median $1,450,000 | 35 sales, average $1,531,351 |
| Yonge-Eglinton, detached | About $2,200,000 | 15 sales, average about $2,449,000 |
| Yonge-Eglinton, semi-detached | About $1,655,000 | 3 sales, average about $1,628,000 |
| Yonge-Eglinton, condo apartment | About $533,000 | 14 sales, average about $530,000 |
| Mount Pleasant West, all property types | Median $630,000 | 131 sales, average $872,688 |
| Mount Pleasant West, condo apartment | About $603,000 | 114 sales, average about $690,000 |
| Mount Pleasant West, condo townhouse | About $718,000 | 3 sales, average about $679,000 |
| Mount Pleasant West, detached | About $2,585,000 | 9 sales, average about $2,491,000 |
| Mount Pleasant West, semi-detached | About $2,255,000 | 5 sales, average about $2,238,000 |
Source: TRREB community housing market reports, as set out in the guide.
Questions about Yonge and Eglinton
Is Yonge and Eglinton a good place to live?
It depends on your budget and transit needs. Eglinton station connects Line 1 and Line 5 Eglinton and the condo apartment median in Mount Pleasant West was about $603,000 across 114 sales from April to June 2026 (TRREB). The area also has City parks, a community centre and two public library branches.
How much is a condo at Yonge and Eglinton?
From April to June 2026 the condo apartment median was about $603,000 in Mount Pleasant West and about $533,000 in Yonge-Eglinton (TRREB). Size, floor and parking move individual prices well away from these figures.
What is the difference between Yonge-Eglinton and Mount Pleasant West?
They are separate TRREB communities. From April to June 2026, 114 of 131 sales in Mount Pleasant West were condo apartments, while Yonge-Eglinton had 15 detached sales out of 35. Their all property types medians were $630,000 and $1,450,000.
How many stops is Eglinton station from Union station?
On Line 1 it is 11 stops south from Eglinton station to Union station, with no transfer. From Davisville station it is 10 stops.
Is Line 5 Eglinton open?
Yes. The TTC began Line 5 service on February 8, 2026. In this area it stops at Eglinton, Mount Pleasant, Avenue and Chaplin stations.
Are there houses near Yonge and Eglinton?
Yes, on the side streets. TRREB recorded 24 detached and 8 semi-detached sales across the two communities from April to June 2026. Detached medians were about $2,200,000 in Yonge-Eglinton and about $2,585,000 in Mount Pleasant West.
Read the Yonge and Eglinton neighbourhood guide · All Yonge and Eglinton homes for sale
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Questions about 225 Merton Street 501
How much is land transfer tax on 225 Merton Street 501?
At the asking price of $592,000 the Ontario tax is $8,315 and the Toronto tax is $8,315, $16,630 in total. A first-time buyer who qualifies can get up to $8,475 back. Confirm the final figures with your lawyer.
What is the minimum down payment for 225 Merton Street 501?
$34,200 at the asking price of $592,000, under the federal minimum down payment rules. A lender may require more.
What is the maintenance fee at 225 Merton Street 501?
The listing shows $854 a month, including heat, hydro, building insurance, common elements and cac. Check the current fee in the status certificate.
How much is the property tax on 225 Merton Street 501?
The listing shows $2,977 a year for 2026, about $248 a month.
Is 225 Merton Street 501 priced above or below the median?
It is listed at $592,000. The August 2026 median for condo apartment sales in the City of Toronto was $550,000 across 885 sales, so the asking price is $42,000 higher. The median covers all sizes and neighbourhoods.
How do I book a showing for 225 Merton Street 501?
Use the form on this page or call us. Quote MLS® C13786210. We will confirm the listing is still available and arrange a time with the listing brokerage.
Is 225 Merton Street 501 still for sale?
This page is refreshed from TRREB's MLS® System through the day. If the listing sells or is withdrawn the page says so. Contact us to confirm before you make plans.
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