137 Merkley Sq is a 5-bedroom, 3-bathroom detached home in Toronto, listed for $1,098,000. It has 2500-3000 sq ft of living space.
1Absolute Elegance in a Stunning 5+2 Bedroom, 4-Bath Detached Home.
2The spacious primary suite serves as a private retreat, featuring picturesque views, a luxurious 5-piece ensuite with a relaxing soaker tub and separate glass shower, as well as a generous walk-in closet.
3BasementFinished, Separate Entrance, as described in the listing.
Absolute Elegance in a Stunning 5+2 Bedroom, 4-Bath Detached Home. Welcome to this beautifully maintained freehold detached home, offering 5+2 bedrooms and 4 bathrooms in one of Scarborough's most desirable family-friendly communities. Perfectly positioned just an 8-minute drive from the University of Toronto Scarborough campus and Centennial College Morningside Campus, this exceptional home is also conveniently located near the renowned Scarborough Health Network - Centenary Hospital, the world-class Toronto Pan Am Sports Centre, TTC, waterfront parks, scenic walking trails, shopping, schools, and major highways.Thoughtfully updated and move-in ready, this impressive residence showcases a renovated chef-inspired kitchen, beautifully updated bathrooms, fresh designer paint, modern lighting, and numerous upgrades throughout. The spacious primary suite serves as a private retreat, featuring picturesque views, a luxurious 5-piece ensuite with a relaxing soaker tub and separate glass shower, as well as a generous walk-in closet. Four additional well-proportioned bedrooms provide plenty of space for growing families, guests, or a home office.The main floor is designed for both everyday living and entertaining, offering elegant separate living and dining rooms, a gourmet eat-in kitchen with modern appliances, a cozy family room with fireplace, and an abundance of natural light throughout.The professionally finished basement includes a self-contained 2-bedroom in-law suite, presenting an excellent opportunity for multi-generational living or valuable rental income. Separate Laundries. Experience the perfect balance of luxury, comfort, and location in a home that places you just minutes from leading educational institutions, premier healthcare, recreation, and nature while offering the privacy and tranquility of a true urban retreat. This is a rare opportunity to own a remarkable home in one of Scarborough's most sought-after locations.Don't miss this Beautiful House.
5 bedrooms, 3 bathrooms, about 2,500 sq ft, works out to roughly $439 per square foot. Chat with Zara if you'd like a deeper read on whether this detached fits your budget and timing.
Inside 137 Merkley Sq
Every detail from the listing, in one place.
Type
Detached
Style
2-Storey
Living space
2500-3000 sq ftas stated on the listing
Parking
5 spacesYes garage
Basement
Finished, Separate Entrance
Features & systems
Parking & garage
Garage
Yes
Parking spaces
5
Interior
Basement
Finished · Separate Entrance
Lot & land
Lot size (sqft)
5048
Listing & possession
Property style
2-Storey
Property class
Detached
137 Merkley Sq Price & Sale History
Earlier listings of this property, list-price changes, and the most recent annual property tax on the listing.
For saleListedThis listingMLS® E14165672$1,098,000
Sourced from MLS®. Includes earlier listings of this property on record.
What's it worth?
How 137 Merkley Sq Compares to the Toronto Market
Zara compares it with recent sales of similar homes nearby. It's a guide, not an appraisal.
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Monthly cost
Enter a rate to see the monthly cost
An estimate, not a quote. Utilities and insurance are extra.
Affordability calculator
Estimated monthly payment
$5,394
/mo
based on the purchase price of $1,098,000
$219,600 cash
$878,400 financed
$739,843 total interest
Principal54%$878,400
Interest46%$739,843
20% down · 25-yr amortization · 5.50% rate. Principal & interest only — taxes, condo fees, and insurance not included.
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Figures are Summitly estimates for illustration only — not from TRREB or the MLS® feed, and not a mortgage approval, appraisal, or financial advice.
Rental income potential
Est. monthly rent
low–high
Gross yield
rent × 12 ÷ price
Cap rate (est.)
net of tax + fees
Summitly AI estimate for discussion only — not from TRREB or the MLS® feed, and not an appraisal or investment advice. Yield and cap rate are derived from the estimated rent versus the asking price.
For homeowners nearby
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Mortgage financing is arranged through Mortgage Squad Advisors. Summitly is the technology platform that powers this site. Estimated values, AI insights, calculator results, and rental projections shown on this page are generated by Summitly and are not provided by, reviewed by, or sourced from TRREB, the MLS®, or the listing brokerage; they are not appraisals or opinions of value. The trademarks REALTOR®, REALTORS®, and the REALTOR® logo are controlled by the Canadian Real Estate Association (CREA) and identify real estate professionals who are members of CREA. The Coldwell Banker® name and logo are trademarks of Coldwell Banker Real Estate LLC.
Similar homes for sale nearby in Toronto
Other 4–6 bed homes for sale in Toronto around $1.1M.
Average days on market32Homes sold in about 32 days on average.
Sale-to-list ratio5149.6%On average, homes sold at or above asking.
Active listings12,626Homes for sale here right now.
Median vs prior 90 days−0.6%Compared with May 14 – Aug 12, 2026: prices down.
Based on 9,206 sales from Aug 12 – Nov 10, 2026 (7,279 in the prior 90 days). Aggregate MLS® figures for closed sales; individual sold prices are shown only to signed-in members.
Questions About 137 Merkley Sq
How much is 137 Merkley Sq listed for?
137 Merkley Sq is listed at $1,098,000 (MLS® E14165672). Summitly updates the price as soon as the MLS® record changes.
Is $1,098,000 a good price for 137 Merkley Sq?
Summitly rates it Excellent Deal: the asking price is 10% or more below Zara's estimate, an estimate built from recent sales in Toronto. The rating is an automated opinion, not an appraisal; "What's it worth?" on this page shows how it is worked out. See Zara's estimate
Has the price of 137 Merkley Sq changed?
No — 137 Merkley Sq is still listed at its original asking price of $1,098,000.
How many bedrooms and bathrooms does 137 Merkley Sq have?
137 Merkley Sq has 5 bedrooms and 3 bathrooms, with about 2,500–3,000 square feet of living space. It is a detached home in Toronto.
How much would the monthly mortgage be on 137 Merkley Sq?
About $5,394 a month — principal and interest on $1,098,000 with 20% down ($219,600), a 25-year amortization and an assumed 5.5% interest rate. The mortgage calculator on this page lets you change the down payment, amortization and rate.
Are there open houses at 137 Merkley Sq?
Yes — Saturday, November 14, 2:00 PM – 4:00 PM; Sunday, November 15, 2:00 PM – 4:00 PM. Open-house times come from the listing brokerage and can change, so check this page before you go, or book a private viewing.
How does 137 Merkley Sq compare with other homes in Toronto?
Its asking price of $1,098,000 is about 31% above the median sold price in Toronto over the last 90 days, $840,000, across 9,206 closed sales on the TRREB MLS®. A city median mixes every type and size of home, so the comparable sales on this page are the closer guide.
Has 137 Merkley Sq been sold before?
Summitly has no earlier MLS® sale or lease of 137 Merkley Sq on record from the last two years. Older records aren't shown under TRREB rules.
Where is 137 Merkley Sq?
137 Merkley Sq is in Toronto, ON. Schools, transit, parks and shops nearby are under Location & lifestyle on this page.
How long has 137 Merkley Sq been on the market?
137 Merkley Sq was listed today (November 10, 2026).
What is the price per square foot of 137 Merkley Sq?
About $366 to $439 per square foot: the asking price of $1,098,000 over the 2,500–3,000 sq ft the listing gives as its size range.
Does 137 Merkley Sq have parking or a garage?
Yes — the listing gives 5 parking spaces. Garage: Yes.
