24 Merritt Road, Toronto E03

$1,749,000
24 Merritt Road

$1,749,000

New
28d
Detached2-Storey

24 Merritt Road, Toronto E03

Total Monthly Obligation $7,749

Beds
6
Baths
5
Park
1
Sqft
2000-2500
DOM
28d
Score
21
Yield
5.0%
Cash on Cash
-0.2%
Cap Rate
4.5%
5Y IRR
15.4%
10Y IRR
14.5%
Property Type-Detached
MLS® Number-E13829876
Beds-6
Bathrooms-5
Size-2000-2500 sqft
Lot Size-28 × 109.91 ft
Listed on site-Sep 25, 2026
Style-2-Storey
Building Type-Detached
Taxes-$3,831 (2025)
Parking-2 - Detached
Basement-Finished
Heating-Forced Air (Gas)
Brokerage-ROYAL LEPAGE SIGNATURE REALTY
Cooling-Central Air
Laundry-No
Fireplace-No
Pool-None
Facing-North
Exterior-Aluminum Siding
Roof-Asphalt Shingle
Foundation-Concrete
Sewer-Sewer
Possession-Flexible
Neighbourhood-O'Connor-Parkview
Title-Residential Freehold

No agent assigned

Located on a quiet court, this brand new 2-storey custom-built detached home sits on a generous pie-shaped lot with an expanded rear yard. Designed with long-term family living in mind, the home offers four bedrooms on the upper levels, along with a dedicated mid-level storage/playroom that provides flexible space for children, a home office, or additional family use.The thoughtfully designed layout features open-concept principal rooms, excellent storage throughout, and practical flow for everyday living. The lower level includes two additional bedrooms, offering strong flexibility for extended family living, guests, or potential rental use.Situated in a well-established, family-friendly neighbourhood and within the Selwyn Public School catchment area, the property is surrounded by multiple parks and recreational facilities, with a public indoor pool within walking distance. The location provides easy access across the city while maintaining a quiet residential setting.A rare opportunity to own a brand new custom home in a mature neighbourhood, ideal for families seeking space, flexibility, and long-term value.The new property tax has not been assessed yet.

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

Closing Costs

Mortgage Amount
$1,399,200
Land Transfer Taxes$31,455
Legal Fees (Est.)
$
Total cash required for closing$382,755

Total Monthly Obligation

$7,749/mo
Mortgage $7,055
Monthly Loss $5,893
Principal$1,857
Interest$5,198
Property Tax$319
Home Insurance$125
Variable Costs$250
Returns
Weight: 25%
Cap Rate
4.0%27
Cash-on-Cash
-3.8%3
5-Year IRR
12.5%54
10-Year IRR
12.4%
Returns Index
28.0/ 100
Growth Sentiment
Weight: 20%
%/yr
Score+50
%/yr
Score+50
%
%
Growth Index
50.0/ 100
GradeD
21/ 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
$87,240/yr
NOI
$70,185/yr
Net Cash Flow
-$1,206/mo
Cash Margin
-16.6%0
Cash Flow Index
0.2/ 100
Risk Profile
Weight: 20%
DSCR
0.8316
LTV Ratio
80.0%18
Vacancy Buffer
1.2 mo20
Risk Index
17.8/ 100

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

Comparables

Properties near 24 Merritt Road

Time

Comparables are calculated within a 3km radius based on properties sold or leased within the past 6 months. This helps you understand the current market value and potential rental yield with high precision.

Data is provided courtesy of PropTx.

The information provided herein must only be used by consumers who have a bona fide interest in the purchase, sale, or lease of real estate and may not be used for any commercial or other purpose.

Listing information is deemed reliable but not guaranteed accurate by PropTx or TRREB.

REALTOR®, REALTORS®, and the REALTOR® logo are certification marks owned by REALTOR® Canada Inc. and licensed exclusively to the Canadian Real Estate Association (CREA).

The MLS® trademark and MLS® logo are owned by CREA and identify the quality of services provided by real estate professionals who are members of CREA.

Data last updated within the past 24 hours.