488 Merton Street, Toronto, ON
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Property Highlights
Welcome to this remarkable 2-Storey detached located in the coveted neighborhood of Mount Pleasant East. Expertly crafted featuring premium brick construction, this residence presents an exceptional opportunity offered at $1,749,000 to acquire a beautiful home in a highly sought-after setting. Designed for both comfortable daily living and elegant entertaining, the layout maximizes natural light, functional flow, and lifestyle utility.
- 3 Bedrooms and 2 Bathrooms
- Premium 22 x 176 ft lot size
- Features a finished, full basement, adding superb versatility for recreation, a home gym, or extra storage
- 2.0 total parking spaces available with a convenient carport configuration
- Notable attributes: Water Heater Owned, Carpet Free, Storage
- equipped with wall unit(s) central cooling and highly efficient radiant heating via gas
Description
Beautifully Renovated 3 Bedroom, 2 Bathroom Detached Home in Coveted Maurice Cody School District. Welcome to this stunning home featuring an open-concept main-floor living area with a chef's kitchen. The kitchen boasts quartz countertops, a large eat-in peninsula, stainless steel appliances including a gas range, custom cabinetry, and a walk-out to a spacious rear deck. The large principal rooms throughout the home have hardwood floors and plenty of natural light. Upstairs, you'll find three well-proportioned bedrooms, including the primary suite, plus a nicely appointed 4-piece family bath. The fully finished lower level features a large recreation room, a 3-piece bath with heated floors, a laundry room with a full-sized washer and dryer (2019), a secondary fridge and freezer, and plenty of built-in storage for easy convenience. The professionally landscaped backyard is an oasis, featuring a 4-season studio (2022) perfect for a work-from-home or flex space. The garden is beautifully maintained, with lush green lawns and mature trees that perfectly frame two separate stone patios, creating an ideal setting for outdoor dining, recreation and relaxation. The extra deep 176-foot lot also includes proper two-car parking with a newer carport. Additional features include Owned wall-mounted hot water tank/combination boiler (2022), Ductless mini-split heat pump system (2022), Pergola and back patio (2024), Stainless steel kitchen refrigerator (2024) & New driveway (2023). Offers Anytime.
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Key Features
Additional Details
Property Details
Parking & Garage
Heating & Cooling
Features
Property Features
Park, School, Public Transit, Hospital, Fenced Yard
Interior Features
Water Heater Owned, Carpet Free, Storage, Water Meter
Security Features
Community Features
Location
Property History
No historical data available for this property.
This could be the first listing for this address.
Pricing & Value Insights
Data-driven valuation for 488 Merton Street, Toronto C10, ON M4S 1B3
Based on 0 recent similar sales in the pocket.
Properties in this area are selling at a steady pace.
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About Purchasing a Home in Toronto, ON
For a property listed at $1,749,000 in Toronto, the legal minimum down payment is $349,800 under current Canadian banking regulations. This calculation applies a 5% requirement on the first $500,000, 10% on the next $499,999, and a flat 20% on any amount exceeding $1,000,000.
Additionally, buyers in Ontario must budget for the Provincial Land Transfer Tax, which is estimated at $31,455 for this transaction. Since the property is located in Toronto, a municipal land transfer tax of $31,455 also applies, bringing the total estimated land transfer taxes to $62,910.
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Disclaimer: AI Insights are generated by an automated system and should be used for informational purposes only. While we strive for accuracy using current market data and deep-learning models, these assessments do not constitute professional real estate, legal, or financial advice. All property values, predictions, and scores are estimates. We strongly recommend verifying all property details and conducting independent due diligence with a licensed professional before making any purchase decisions.
