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1 / 0
New3 hours ago

MAIN AND LANEWAY - 11 Merrill Avenue W

Woodbine Corridor, Toronto

$1,999,000

Detached|2 1/2 Storey
3 | 5 | 0 | 0
About this home

Rare opportunity on the Danforth! Completely rebuilt detached home featuring 3+1 bedrooms and 4 bathrooms, plus a two-bedroom + den laneway house. This property offers a perfect blend of modern design and warm interior finishes, with high-end craftsmanship throughout. Impeccable attention to detail is evident in the custom millwork, flooring, and quartz countertops. Floor-to-ceiling windows flood the home with natural light, creating a seamless flow between living spaces, while heated bathroom floors add everyday luxury. The lower level includes a self-contained legal 1-bedroom in-law/nanny or income suite with a separate entrance. The two-storey laneway house features 2 bedrooms plus a den, polished concrete radiant heated floors, and separate hydro and gas meters. The laneway living room can be converted back to parking if desired, and there is ample street parking available. The main house is currently tenanted at $4,926/month, the laneway house at $3,508/month, and the basement was previously rented at $2,100/month. Gross Rent is $ 10,534 monthly. Tenants pay their own gas and electricity. Ideally located within walking distance to Woodbine and Coxwell subway stations, as well as the restaurants and shops along the Danforth. This is an exceptional opportunity offering luxury urban living with the added benefit of meaningful rental income.

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nest zoom realty
(416) 276-9973
TypeDetached
Style2 1/2 Storey
Approx. Age0-5
Size2000-2500 sq. ft.
Property Tax$8,453
mls© NumberE13849716
Listed ByRIGHT AT HOME REALTY

Listing History

  • No recent sale history for this listing.
  • No recent lease history for this listing.

Schools

Could you afford this home?

What the bank counts

This home's actual carrying costs, payment stress-tested at 6%

Mortgage, tested at 6%
$10,232
Property tax
$704
Heat allowance
$150
Housing costs
$11,086 / mo

Lenders cap these at 39% of gross income — that sets the number.

Down payment20% · $399,800
25-yr amortization

Income needed

$341,000

gross annual household income

Payment at 4%
$8,412 / mo
Cash down
$399,800

Assumes no other monthly debts · 25-yr amortization

Full affordability check

Investment Analysis

Estimated rent, cap rate and monthly cash flow for this property

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