144 Merkley Square, Toronto, ON
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Property Highlights
Welcome to this remarkable Backsplit 4 detached located in the coveted neighborhood of Morningside. Expertly crafted featuring premium brick construction, this residence presents an exceptional opportunity offered at $889,000 to acquire a beautiful home in a highly sought-after setting. Designed for both comfortable daily living and elegant entertaining, the layout maximizes natural light, functional flow, and lifestyle utility.
- 3 Bedrooms and 3 Bathrooms
- Generous living space spanning 1500-2000 sqft on a premium 45 x 129.97 ft lot
- Features a finished basement, adding superb versatility for recreation, a home gym, or extra storage
- 3.0 total parking spaces available with a convenient attached configuration
- Notable attributes: None
- equipped with central air central cooling and highly efficient forced air heating via gas
Description
Welcome to this lovingly maintained 4-level backsplit, proudly owned by the same family for over 50 years. This solid, well-built brick home sits on a generous 45 x 130 ft lot and offers exceptional versatility-perfect to move in as-is, renovate to your taste, or convert into a multi-unit residence with minor modifications. Featuring spacious principal rooms, the home boasts broadloom over hardwood flooring. The bright living room showcases a charming bow window and flows seamlessly into the dining room, which overlooks the expansive family room-ideal for entertaining and everyday living. The home offers 3 well-sized bedrooms and 3 bathrooms. A finished basement with separate entrance provides a cozy recreation room along with ample storage space. Step outside to a fully fenced, private backyard-perfect for relaxing or hosting gatherings. Freshly painted throughout, this home is truly move-in ready. Ideally located close to transit, major highways, shopping, and excellent schools, this property presents an outstanding opportunity for homeowners, investors, or builders alike. Don't miss your chance to own this fantastic home!
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Pricing & Value Insights
Data-driven valuation for 144 Merkley Square, Toronto E09, ON M1G 2Y8
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Properties in this area are selling at a steady pace.
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About Purchasing a Home in Toronto, ON
For a property listed at $889,000 in Toronto, the legal minimum down payment is $63,900 under current Canadian banking regulations. This calculation applies a 5% requirement on the first $500,000, 10% on the next $499,999, and a flat 20% on any amount exceeding $1,000,000.
Additionally, buyers in Ontario must budget for the Provincial Land Transfer Tax, which is estimated at $14,255 for this transaction. Since the property is located in Toronto, a municipal land transfer tax of $14,255 also applies, bringing the total estimated land transfer taxes to $28,510.
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Disclaimer: AI Insights are generated by an automated system and should be used for informational purposes only. While we strive for accuracy using current market data and deep-learning models, these assessments do not constitute professional real estate, legal, or financial advice. All property values, predictions, and scores are estimates. We strongly recommend verifying all property details and conducting independent due diligence with a licensed professional before making any purchase decisions.
