501 - 253 Merton Street

Mount Pleasant West, Toronto

501 - 253 Merton Street, Mount Pleasant West, Toronto

$669,000

Bedrooms: 1

Bathrooms: 1

Living Area: 600 sqft

Price Per Sqft: $1,115.00

About this Condo

in Mount Pleasant West, Toronto

Welcome to the RIO II, located in prime Midtown Toronto. Rarely available SOUTH facing 1 + Den suite, backing on to green space & urban trails. Beautifully updated & ready to move in, freshly painted & quality engineered hardwood floors, simply nothing to do. Open concept design, with defined living room & dining room spaces in the large main living area. The newly updated kitchen has quartz countertops with a waterfall edge, creating a convenience breakfast bar for informal dining or cocktails when entertaining. All stainless steel kitchen appliances, a new stove & rangehood installed this year. Ideal for today's work from home era, the den is a separate room, a perfect size for a home office & private from the main living area & bedroom. The spacious primary bedroom can accommodate a king sized bed, has ample storage space in the wall to wall closet, & overlooks the private terrace. The spacious L-shaped terrace is private & quiet, with two zones to relax. Lay in your hammock & have a snooze, or enjoy the seating area for a peaceful place to read, or have a drink or bite outside overlooking the colourful foliage. Convenience....this is the ideal location to get around the city. The Bayview extension is just blocks away, with easy access to the DVP, or a quick scoot downtown. You're a short walk to Davisville TTC subway station, with a variety of stores, restaurants and other amenities steps away. Located on a great strip of Merton Street between Yonge and Mt Pleasant, & backing onto the Kay Gardner Beltline Trail and Mt Pleasant Cemetery, never a worry about looming developments on the strip to disrupt your peaceful view. The popular trail is ideal for biking, running, a stroll under the trees or your daily dog walks. A parking spot & locker are included, & all-inclusive maintenance fee that includes 24 hour concierge, visitor parking, newly renovated gym, yoga room, sauna, billiards, library, party room and outdoor terrace. Don't delay...This won't last!

Listed by ROYAL LEPAGE TERREQUITY REALTY.

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LAND TRANSFER TAX CALCULATOR

Purchase Price  
First-Time Home Buyer
Ontario Land Transfer Tax
Toronto Land Transfer Tax

Province of Ontario (effective January 1, 2017)

For Single Family or Two Family Homes

  • Up to and including $55,000.00 -> 0.5%
  • $55,000.01 to $250,000.00 -> 1%
  • $250,000.01 to $400,000 -> 1.5%
  • $400,000.01 & $2,000,000.00 -> 2%
  • Over $2,000,000.00 -> 2.5%

First-time homebuyers may be eligible for a refund of up to $4,000.

Source: Calculating Ontario Land Transfer Tax
Source: Ontario Land Transfer Tax for First-Time Homebuyers

City of Toronto (effective March 1, 2017)

For Single Family or Two Family Homes

  • Up to and including $55,000.00 -> 0.5%
  • $55,000.01 to $250,000.00 -> 1%
  • $250,000.01 to $400,000 -> 1.5%
  • $400,000.01 & $2,000,000.00 -> 2%
  • Over $2,000,000.00 -> 2.5%

First-time homebuyers may be eligible for a rebate of up to $4,475.

Source: Municipal Land Transfer Tax Rates and Calculations
Source: Municipal Land Transfer Tax Rates Rebate Opportunities

MORTGAGE CALCULATOR

     
Asking Price: Interest Rate (%):
Amortization:  
Percent Down:
Down Payment:
First Mortgage:
CMHC Prem.:
Total Financing:
Monthly P&I:
* This material is for informational purposes only.

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