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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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Milad Momtaz Azad
(647) 510-8858
Julian Kashani
(416) 837-7775| Type | Detached |
| Style | 2 1/2 Storey |
| Approx. Age | 0-5 |
| Size | 2000-2500 sq. ft. |
| Property Tax | $8,453 |
| mls© Number | E13849716 |
| Listed By | RIGHT 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 checkInvestment Analysis
Estimated rent, cap rate and monthly cash flow for this property
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