53 Merton Street, West Centre Town

$1,200,000
53 Merton Street

$1,200,000

New
36d
Att/Row/Townhouse3-Storey

53 Merton Street, West Centre Town

Total Monthly Obligation $5,810

Beds
3
Baths
4
Park
1
Sqft
1500-2000
DOM
36d
Score
16
Yield
3.8%
Cash on Cash
-7.5%
Cap Rate
3.0%
5Y IRR
9.7%
10Y IRR
10.0%
Property Type-Att/Row/Townhouse
MLS® Number-X13796076
Beds-3
Bathrooms-4
Size-1500-2000 sqft
Lot Size-56.41 ft (front)
Listed on site-Sep 17, 2026
Style-3-Storey
Building Type-Att/Row/Townhouse
Taxes-$7,136.58 (2026)
Parking-1 - Carport
Basement-Finished
Heating-Forced Air (Gas)
Brokerage-ROYAL LEPAGE TEAM REALTY
Cooling-Central Air
Laundry-No
Fireplace-Natural Gas
Pool-None
Facing-East
Exterior-Metal/Steel Siding, Stone
Roof-Other
Foundation-Poured Concrete
Sewer-Sewer
Possession-Flexible
Neighbourhood-4202 - Hintonburg
Title-Residential Freehold

No agent assigned

Located in an unbeatable Hintonburg location that combines urban convenience with quiet luxury. Designed by award-winning architect Chris Simmonds, this beautiful end-unit offers 3 (2+1) bedrooms and 3.5 bathrooms on a quiet street within walking distance to the LRT, restaurants and numerous amenities including a new park being built. High ceilings, huge floor-to-ceiling windows, pot lighting and high-end modern finishes create a bright and comfortable living space, with fitted blinds and shutters throughout. The front features a landscaped low-maintenance garden and private porch entrance. The first level offers a welcoming space perfect for a sitting area or home office. The second(main) level features a huge open-concept living, kitchen and dining area. The spacious kitchen boasts a large quartz island, high-end Bosch appliances including a built-in espresso machine, and plenty of room for cooking and entertaining. The living area features a marble gas fireplace, complemented by a premium built-in audio system and speakers throughout the home. The upper level features two bedrooms, including a spacious primary suite with walk-in closet and ensuite with oversized shower and high-tech mirror. The second bedroom has its own private balcony with city views. One of the home's standout features is the huge rooftop terrace with downtown views, cedar decking, built-in awning, and gas BBQ and water lines, creating an incredible space to entertain or relax. The fully finished lower level perfect for a third bedroom, gym,office or additional living space plus a Workshop & Storage area. Additional features include dual A/C and furnaces, covered rear carport parking, side storage shed and a unique common outdoor area at the rear of the development. Thoughtful design throughout contributes to a quiet and private feel. $680 annual fee for snow removal&lane/park maintenance. Square footage per builder. Room measurements estimated using Cubicasa App. Minimum 24 hours irrevocable.

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

Closing Costs

Mortgage Amount
$960,000
Land Transfer Taxes$20,475
Legal Fees (Est.)
$
Total cash required for closing$261,975

Total Monthly Obligation

$5,810/mo
Mortgage $4,840
Monthly Loss $4,536
Principal$1,274
Interest$3,567
Property Tax$595
Home Insurance$125
Variable Costs$250
Returns
Weight: 25%
Cap Rate
2.5%14
Cash-on-Cash
-11.1%1
5-Year IRR
6.8%18
10-Year IRR
8.1%
Returns Index
10.1/ 100
Growth Sentiment
Weight: 20%
%/yr
Score+50
%/yr
Score+50
%
%
Growth Index
50.0/ 100
GradeD
16/ 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
$45,600/yr
NOI
$29,403/yr
Net Cash Flow
-$2,390/mo
Cash Margin
-62.9%0
Cash Flow Index
0.0/ 100
Risk Profile
Weight: 20%
DSCR
0.515
LTV Ratio
80.0%18
Vacancy Buffer
1.7 mo26
Risk Index
16.2/ 100

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

Comparables

Properties near 53 Merton Street

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