554 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 vinyl siding construction, this residence presents an exceptional opportunity offered at $2,995,000 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.
- 4 Bedrooms and 4 Bathrooms with 2 functional kitchens
- Generous living space spanning 3500-5000 sqft on a premium 37.69 x 176 ft lot
- Features a apartment, finished basement, adding superb versatility for recreation, a home gym, or extra storage
- 8.0 total parking spaces available with a convenient detached configuration
- Notable attributes: Central Vacuum, Guest Accommodations, In-Law Suite
- equipped with central air central cooling and highly efficient forced air heating via gas
Description
Beautifully restored, enlarged and much admired Circa 1900 landmark home in sought-after Davisville Village. Main residence & coach house features 4000 SqFt of interior space situated on an oversized 38' x 176' lot. Gated, wide private drive with turnaround in rear. The main residence features a wonderful main floor plan with chefs kitchen, family room, mud room, powder room & laundry. The 2nd floor has 3 generous bedrooms, a sitting room which could be a 4th bedroom/office & 2 updated baths. The underpinned lower level with excellent ceiling height & kitchen offers expanded space for everyday living or separate living quarters for extended family/income. The 2-storey coach house with 2-car garage, finished office quarters & storage room has tremendous Garden Suite potential offering a secondary dwelling for family, friends, home office or income. Large heated workshop/garden shed complete with tools at the back of the property rounds out this offering. The delightful, mature garden is a gardeners dream and the beautiful gazebo is perfect for entertaining, large gatherings and quiet enjoyment. Located in the highly desirable Maurice Cody school district, this wonderful home is easy stroll to Bayview shops, transit, parks and the Beltline trail. Don't miss this very special, rare offering!
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Key Features
Additional Details
Property Details
Parking & Garage
Heating & Cooling
Features
Property Features
Library, Park, Place Of Worship, Public Transit, Ravine, School
Interior Features
Central Vacuum, Guest Accommodations, In-Law Suite, On Demand Water Heater, Sump Pump, Workbench
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 554 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 $2,995,000 in Toronto, the legal minimum down payment is $599,000 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 $61,350 for this transaction. Since the property is located in Toronto, a municipal land transfer tax of $61,350 also applies, bringing the total estimated land transfer taxes to $122,700.
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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.
