124-40 Merchant Lane
Dufferin Grove, Toronto, Ontario M6P 4J6
- Bedrooms
- 2+1
- Bathrooms
- 2
- Size
- 1,200–1,399sq ft
- Per sq ft
- $616at the range’s middle
- Tax a year
- $3,9292026 tax year
- Built
- 16-30
- Parking
- 22 underground
- Days on market
- Members
The brief
About 124-40 Merchant Lane
124-40 Merchant Lane is a 2+1-bedroom, 2-bathroom condo townhouse in Dufferin Grove, Toronto, listed for sale at an asking price of $799,900 (MLS® C14149876).
Stylish and sophisticated, 4-level, executive corner unit, condo townhouse in the heart of the Junction Triangle! Offering approx. 1326 sq ft thoughtfully designed interior space and flooded with natural light with East exposure. This 2 bed + loft, 2 bathroom home is ideal for modern urban living. The functional main floor features a living room and sleek kitchen boasting quartz counters and stainless steel appliances. 2nd floor presents a generous sized bedroom with 2 closets, full bath with quartz counter and a bright den area for a workspace. The third level has the massive primary bedroom with ensuite bath and walk-in closet. The bright top-floor features a versatile loft space with in-suite laundry and walking out to a private rooftop terrace. You can have a BBQ and entertain with views of the CN Tower and Downtown Toronto! Plenty of recent upgrades throughout: All Kitec plumbing removed (2023). Luxury Vinyl Plank Flooring throughout (2023). New Central A/C (September 2026), California Shutters. Family friendly complex with private playground and greenspace, fenced dog run and professionally maintained gardens. Great schools nearby - Perth (French Immersion), Brock PS, and Bloor Collegiate. Super rare to find a downtown property that comes with 2 underground parking spots(!!!) and storage locker. Prime location, only 5 mins walk to Lansdowne TTC Subway Station, UP Express, West Toronto Rail path (amazing for biking and walks down to the lake) and all the cafes, bars and restaurants of Bloordale village and the Junction Triangle. Enjoy the close proximity and amenities of Toronto's most loved communities: Roncesvalles, Dufferin Grove, High Park and Bloor West Village! With a walkability score of 95/100, this location is a walker's paradise. A fantastic opportunity to live in one of Toronto's most dynamic and connected communities. Open House Sunday Nov.8th: 1pm-3pm! Seller is RREA.
Insights
Condition Score
Fair66/1004 condition-related facts documented
Source: Listing age, structured features and disclosed update language; not an inspection.
Cashflow Quality
Near break-even46/100−$690/mo against the cost of owning (20% down, 4.8%, 25 yrs)
Source: Median of 8 homes with 3 bedrooms for lease in Dufferin Grove right now. Cost of owning counts the mortgage, property tax and the condo fee.
Condition uses listing-record signals, not an inspection.
The home
Key facts
- Tax
- $3,929 / 2026
- MLS® number
- C14149876
- Board
- TRREB MLS®
- Property Type
- Condo Townhouse
- Building Age
- 16-30
- Days on market
- Size
- 1200-1399 sqft
- Listed on
- Parking
- 2 Underground, 2 Parking
Property details
Property
- Property Type
- Condo Townhouse
- Style
- Multi-Level
- Community
- Dufferin Grove
- Municipality
- Toronto
Building
- Size
- 1200-1399 sqft
- Building Age
- 16-30
- Construction
- Brick
Inside
- Bedrooms
- 2+1
- Bathrooms
- 2
- Bathroom Details
- 1 × 3pc 2nd, 1 × 3pc 3rd
- Basement Type
- None
- Kitchens
- 1
Parking
- Garage Type
- Underground
- Garage
- 2
- Additional Parking
- 0
- Total Parking
- 2
Utilities
- Cooling
- Central Air
- Heating Type
- Forced Air
Additional
- Foundation
- Poured Concrete
- Roof
- Asphalt Shingle
- Fireplace
- No
- Den
- No
- Family room
- No
- Extras
- California Shutters, Fridge, Stove, Dishwasher, Microwave, Washer, Dryer, White Wardrobe in primary bedroom, all existing light fixtures.
- Condo maint.
- $813
Rooms
| Room | Size | Features | Level |
|---|---|---|---|
| Living | 3.91 × 2.89 m | Vinyl Floor, Large Window | Ground |
| Kitchen | 2.49 × 3.12 m | Vinyl Floor, Quartz Counter, Closet | Ground |
| 2nd Br | 3.23 × 3.41 m | Vinyl Floor, Double Closet, Large Window | 2nd |
| Den | 3.92 × 2.61 m | Vinyl Floor, Large Window | 2nd |
| Primary | 3.92 × 5.31 m | Vinyl Floor, 3 Pc Ensuite, W/I Closet | 3rd |
| Loft | 3.92 × 4.12 m | Vinyl Floor, W/O To Terrace, Large Window | Upper |
Listing history
Buy/sell history for 124-40 Merchant Lane, Toronto, Ontario
Sale history on this site covers the last 2 years, the window permitted under the TRREB MLS® VOW agreement.
| Date Start | Date End | List Price | Price | Event | Listing ID |
|---|---|---|---|---|---|
| Date StartN/A | N/A | $799,900 | N/A | For Sale | C14149876 |
Members see the full history. Prices are hidden from signed-out visitors.
The numbers
Mortgage Calculator
Plan with the current asking price
CMHC insurance: not required at 20% down. Payments use Canadian semi-annual compounding.
Mortgage Details
4.8% · 5-year term · 25-year amortization · 20% down
- Total down payment
- $159,980
- Total mortgage amount
- $639,920
- Total interest payment
- $455,080
- Total purchase cost
- $1,254,980
- Mortgage payment
- $3,650/mo
Cash Flow Analysis
If you rented this home out at 20% down
Break-even down payment
35%Monthly carrying cost
$4,790- Rent $4,100
- Shortfall $690
Rental income opens at $4,100, the median asking rent of 8 comparable homes for lease in Dufferin Grove. Type over it with the rent you expect. This is a planning tool, not advice.
Land transfer tax on this home
- Ontario land transfer tax
- $12,473
- Toronto municipal land transfer tax
- $12,473
- Total land transfer tax
- $24,946
- First-time buyer rebates (Ontario up to $4,000 + Toronto up to $4,475)
- −$8,475
- Total for first-time buyers
- $16,471
See how this is worked out
- 0.5% on the first $55,000
- $275
- 1.0% from $55,000 to $250,000
- $1,950
- 1.5% from $250,000 to $400,000
- $2,250
- 2.0% from $400,000 to $799,900
- $7,998
- Ontario total
- $12,473
Toronto’s municipal tax uses the same brackets at this price, so it adds another $12,473.
An estimate at the asking price, for a home with one or two single-family residences. Your lawyer confirms the exact amount.
Estimate
Estimated value requires sign in
Market estimates use sold comparables and are available after you sign in and accept MLS® VOW terms.
The estimate is an automated value built from public and MLS® data. It is not an appraisal; ask Yossi Kaplan, MBA, Salesperson for a full comparative market analysis.
Comparable sales
Comparable sales require sign in
Closing prices and sold comps are available to registered visitors who accept MLS® VOW terms on this site.
The land
Land and environment
Public records about this location. Not part of the MLS® listing and not provided by the listing brokerage.
Water and conservation4
- Not in Toronto and Region Conservation Authority’s mapped regulated areaAt the address
- No mapped wetland within 120 m120 m
- No water-supply well recorded within 250 m180 test or monitoring holes also recorded.250 m
- Groundwater recorded about 3.7 m below ground nearbyThe middle water level in the well records within 500 m (618 records). It changes with the season and from spot to spot.500 m
Toronto and Region Conservation Authority · Province of Ontario open data
Planning and building activity5
- Outside the Greenbelt, Oak Ridges Moraine and Niagara Escarpment plan areasAt the address
- 55 building permits issued within 250 m in the last 2 years250 m
- 21 open development applications within 250 mAn application is a proposal: it may change, be refused or never be built.250 m
- Nearest airport: 4.6 km4.6 km
- Mapped parcel: about 95,580 sq ftMeasured from the municipal parcel map, which can differ from the survey and from the lot size in the listing.At the address
Province of Ontario open data · Municipal building permits · Municipal development applications · toronto.parcels
Around the home2
- Nearest rail line: 50 m50 m
- A trail on the Ontario trail network within 1 km1 km
Province of Ontario open data
Environmental records4
- No licensed pit or quarry within 2 km2 km
- No recorded oil, gas or salt well within 250 m250 m
- 2 facilities within 1 km report pollutant releases to Environment CanadaThe nearest is Nestle Canada Inc. — STERLING ROAD FACTORY, 420 m away. Facilities report to the National Pollutant Release Inventory above set thresholds; reporting a release is not a finding of harm.1 km
- No federal contaminated site within 1 kmThe federal inventory covers federal land only; it says nothing about provincial or private sites.1 km
Province of Ontario open data · Government of Canada open data
Power and internet3
- Electricity is distributed here by Toronto Hydro-Electric System LimitedAt the address
- Wired internet 50/10 Mbps or faster is listed at a household 50 m awayFixed wireless 50/10 Mbps or faster. LTE mobile coverage listed. ISED’s National Broadband Data at the nearest household point (50 m from the listing); 50/10 Mbps is its top category and includes faster plans. Confirm with a provider for this address.50 m
- Across the surrounding area: fibre to the home, cable, DSL internet listedFibre to the home: Beanfield Metroconnect, Bell, FibreStream, Rogers. Cable: Rogers. DSL: Bell. Fixed wireless: Rogers, Routcom, SkyChoice Communications. Mobile: Bell, Freedom Mobile, Rogers, Telus. Satellite: Xplore. ISED’s list for the surrounding ~25 km² area; check with a provider for this address.Area-wide
Ontario Energy Board · Innovation, Science and Economic Development Canada
Each record is placed at the distance its own line states. None of it is an inspection of the property. Confirm anything that matters to you with the municipality, Toronto and Region Conservation Authorityor the record’s publisher.
Contains information licensed under the Open Government Licence – Canada. Contains information licensed under the Open Government Licence – Ontario. Contains information licensed under the Open Government Licence – Toronto. Contains information made available under the Toronto and Region Conservation Authority Open Data Licence v1.0.
Heritage and ravine protection
- Not found on the Heritage Register
- Not in a mapped Heritage Conservation District
- Not in the mapped ravine protection area
What this means: None of these City records was found at this address. That does not rule out other approvals, such as a conservation authority permit, so check before you plan work.
City of Toronto Heritage Register, Heritage Conservation Districts and the Ravine and Natural Feature Protection by-law, read at this address from the City’s maps. Contains information licensed under the Open Government Licence – Toronto.
Zoning
Zone
R (d1.5) (x58)By-law
569-2013Municipality
Toronto1 d1.5
Density: floor area is capped at 1.5 times the lot area.
2 x58
Site-specific exception 58: this site has rules of its own, written in the by-law.
3 Where this is written
Chapter 10, section 10.10 of By-law 569-2013 · Exception 900.2.10(58)
4 What that means in practice
These are the zone’s rules, not permission for this lot. What can be built also depends on the exceptions, overlays and setbacks that apply here. Confirm with the City before you plan.
City of Toronto Zoning By-law 569-2013, read at this address from the City’s zoning map. Open the City’s zoning map. Contains information licensed under the Open Government Licence – Toronto.
Permit history
No building permits on file at this address.
Signals around this home
Changing nearby. 6 open development applications within 800 m of this home.
1319 BLOOR ST WSite planUnder Review
Site Plan Approval for a mixed-use building comprised of two towers having heights of 31 and 33-storeys atop a podium ranging in height between 4 and 7-storeys. The proposed residential gross floor area is 56,876.46 square metres, and the proposed non-residential gross floor area is 1212.42 square metres. A total of 634 residential dwelling units are proposed.
120 m away1405 BLOOR ST WOfficial plan or zoning amendmentOMB Appeal
The site is proposed to be redeveloped with a mixed-use, predominately residential development having a height of 18 storeys along Bloor Street West then stepping down to 12 and 4 storeys to the south. Below grade parking is proposed under the 12 and 8 storey building component accessed by two car elevators facing Ruttan Street. 326 residential dwelling units and 237 m2 of grade related retail gross floor area is proposed.
140 m away1405 BLOOR ST WCondominiumUnder Review
*** Draft Plan of Condo for 326 units.
140 m away221 STERLING RDOfficial plan or zoning amendmentAppeal Received
Zoning By-law Amendment application to facilitate the development of 3 residential towers having height of 29, 25, and 20 storeys atop two podiums. A total of 892 residential dwelling units are proposed, of which, 33 units are rental replacement units. The total residential gross floor area on the lot is 56,482.80 square metres.
150 m away221 STERLING RDPlan of subdivisionAppeal Received
Draft Plan of Subdivision application to advance associated Site Plan Control Applicaiton (24 236349 STE 09 SA) to satisfy Ontario Land Tribunal interim order (OLT-22-003932) conditions to advance detailed design of the Interim and Ultimate Road Conditions for the Ruttan Street extension.
150 m away221 STERLING RDSite planUnder Review
Site Plan Approval for three residential towers of 27, 24 and 21 storeys in height. There will be a total gross floor area of 55,236.7 square metres and a total of 861 condominium units and 58 rental replacement units.
150 m away
City of Toronto Open Data — Development Applications and Building Permits (cleared permits since 2017). An application is a proposal: it may change, be refused or never be built. Contains information licensed under the Open Government Licence – Toronto.
The market
Market area · filters apply to the charts below
The street
Map and tour
Transit nearby
| Station | Lines | Distance |
|---|---|---|
| Lansdowne Station | TTC subway: Line 2 Bloor-Danforth | 350 m |
| Bloor GO | GO Transit train: KitchenerUP Express train | 400 m |
| Dundas West Station | TTC subway: Line 2 Bloor-Danforth | 650 m |
| Dufferin Station | TTC subway: Line 2 Bloor-Danforth | 900 m |
| Caledonia Station | TTC light rail: Line 5 Eglinton | 4.3 km |
The nearest subway, light rail, train, bus rapid transit stations 5 km, as the crow flies. Source: TTC schedule data (GTFS) from the Toronto Transit Commission under the Open Government Licence – Toronto; GO Transit and UP Express schedule data (GTFS) from Metrolinx under the Open Government Licence – Ontario – Metrolinx, downloaded October 18, 2026. Contains information licensed under the Open Government Licence – Toronto. Data used in this product or service is provided with the permission of Metrolinx. Metrolinx makes no representations or warranties of any kind, express or implied, with respect to the Data and assumes no responsibility for the accuracy or currency of the data used in this product or service. Contains information licensed under the Open Government Licence – Ontario – Metrolinx.
Schools nearby
| Elementary | Type | Distance | EQAO average 2024–25 |
|---|---|---|---|
| Brock Public SchoolToronto DSB | Public · grades JK–8 | 750 m | 86%Grade 6 average |
| St Sebastian Catholic SchoolToronto CDSB | Catholic · grades JK–8 | 800 m | 90%Grade 6 average |
| Pauline Junior Public SchoolToronto DSB | Public · grades JK–6 | 800 m | 83%Grade 6 average |
| École élémentaire Charles-SauriolConseil scolaire Viamonde | French-language public · grades JK–8 | 1.5 km | 95%Grade 6 average |
| Secondary | Type | Distance | Grade 9 math 2024–25 |
|---|---|---|---|
| École secondaire Toronto OuestConseil scolaire Viamonde | French-language public · grades 9–12 | 500 m | 82%Grade 9 math |
| Bishop Marrocco/Thomas Merton Catholic Secondary SchoolToronto CDSB | Catholic · grades 9–12 · French Immersion | 550 m | 41%Grade 9 math |
| ÉSC Saint-Frère-AndréConseil scolaire catholique MonAvenir | French-language Catholic · grades 9–12 | 600 m | 69%Grade 9 math |
| Caring and Safe School 4Toronto DSB | Public · grades 9–12 | 600 m | — |
EQAO: share of students at or above the provincial standard, 2024–25 (Ontario open data). These are the schools nearest this home, not the schools it is assigned to: boundaries change, and some schools take students by application. Confirm with the board before you buy. Contains information licensed under the Open Government Licence – Ontario.
The verdict
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