35 Merton Street 505, Toronto C10

$649,000
35 Merton Street 505

$649,000

New
8d
Condo ApartmentApartment

35 Merton Street 505, Toronto C10

Total Monthly Obligation $4,266

Beds
2
Baths
1
Park
1
Sqft
800-899
DOM
8d
Score
15
Yield
5.2%
Cash on Cash
-10.9%
Cap Rate
2.2%
5Y IRR
7.0%
10Y IRR
7.9%
Property Type-Condo Apartment
MLS® Number-C14080618
Beds-2
Bathrooms-1
Size-800-899 sqft
Listed on site-Oct 15, 2026
Style-Apartment
Building Type-Condo Apartment
Taxes-$3,007.86 (2026)
Maintenance-$1,197.44/mo
Locker-Owned
Parking-1 - Underground
Basement-None
Heating-Heat Pump (Gas)
Brokerage-CHESTNUT PARK REAL ESTATE LIMITED
Cooling-Central Air
Laundry-Yes
Fireplace-No
Pool-None
Exterior-Concrete
Possession-Immed/tba
Neighbourhood-Mount Pleasant West
Title-Residential Condo & Other

No agent assigned

Welcome to 35 Merton, a luxury building ideally located in the heart of the city backing onto the Beltline. This well-cared for building has 24 hr.concierge and a strong sense of community.Step into this bright 846 sq.ft. corner unit with windows on two sides and an abundance of natural light.Open concept well-designed living and dining room with sliding doors to the balcony.The primary bedroom has a walk-in closet and a double closet. The 2nd bedroom has an additional walk-out to the balcony perfect for enjoying your morning coffee or some fresh air.Brand-new luxury high quality vinyl flooring throughout and beautifully freshly painted. Enter into the welcoming foyer with ceramic floor and a double hall closet. Underground parking right near the door to the elevator.Maintenance fees include: heat, hydro, water, common elements, building insurance, parking, Bell Better Package TV with 300 channels, and Bell Fibre Internet with 1.5G high-speed service.A bright, spacious, move-in-ready corner suite in an unbeatable location. This is a no-pet building.Enjoy the convenience everything this coveted building has to offer. Steps from Yonge Street, with an exceptional selection of restaurants, shops, cafes, transit, and everyday amenities right at your doorstep including the treed Beltline for your morning nature walks. No surprise that there is not alot of turnover in this building.

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

Closing Costs

Mortgage Amount
$519,200
Land Transfer Taxes$9,455
Legal Fees (Est.)
$
Total cash required for closing$140,755

Total Monthly Obligation

$4,266/mo
Mortgage $2,618
Monthly Loss $3,577
Principal$689
Interest$1,929
Property Tax$251
Condo Fees$1,197
Home Insurance$50
Variable Costs$150
Returns
Weight: 25%
Cap Rate
1.6%10
Cash-on-Cash
-15.1%0
5-Year IRR
4.1%9
10-Year IRR
6.3%
Returns Index
5.5/ 100
Growth Sentiment
Weight: 20%
%/yr
Score+50
%/yr
Score+50
%
%
Growth Index
50.0/ 100
GradeD
15/ 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
$33,444/yr
NOI
$10,322/yr
Net Cash Flow
-$1,758/mo
Cash Margin
-63.1%0
Cash Flow Index
0.0/ 100
Risk Profile
Weight: 20%
DSCR
0.332
LTV Ratio
80.0%18
Vacancy Buffer
2.3 mo36
Risk Index
18.8/ 100

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

Comparables

Properties near 35 Merton Street 505

Time

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