253 Merton St #606 is a 1-bedroom, 1-bathroom condo in Toronto, listed for $499,000. It has 600-699 sq ft of living space.
1Walk to Davisville Subway Station, shops, restaurants, cafés, Sobeys, acclaimed public and private schools, and the future Davisville Community & Aquatic Centre.
Discover serene city living in this functionally designed, bright and airy 1-bedroom suite at Rio II, ideally tucked away on Merton Street in the heart of Davisville Village. Enjoy unobstructed north-facing views and an abundance of natural light throughout the thoughtfully designed, open-concept living and dining space, with a seamless walkout to your private balcony-perfect for relaxing and unwinding.Modern maple kitchen features granite countertops, full-size brand-new stainless steel appliances, ample cabinetry and a convenient breakfast bar. The spacious primary bedroom offers a modern wall-to-wall closet for exceptional storage, while a generous bathroom, ensuite laundry, fresh paint, custom window coverings, crown moulding and excellent closet space throughout make this home truly move-in ready. Includes 1 underground parking space and 1 locker.Set within an exceptionally well-managed, pet-friendly and community-minded boutique building with only 124 suites, residents enjoy 24-hour concierge service, an on-site property manager, ample visitor parking and an impressive selection of amenities, including a fully equipped fitness facility, sauna, party room, billiards, library and a secure courtyard garden with BBQ.BONUS: Maintenance fees include heat, hydro, water and central air!Nature is right at your doorstep, with direct access to the Kay Gardner Beltline Trail-ideal for dog lovers, cyclists, runners and outdoor enthusiasts. Walk to Davisville Subway Station, shops, restaurants, cafés, Sobeys, acclaimed public and private schools, and the future Davisville Community & Aquatic Centre. Minutes to Yonge & Eglinton and Yonge & St. Clair, this exceptional location offers the perfect balance of urban convenience and peaceful residential living.A wonderful opportunity to enjoy comfort, convenience and community in one of Midtown Toronto's most desirable neighbourhoods!
1 bedroom, 1 bathroom, about 600 sq ft, works out to roughly $832 per square foot, the bed-to-bath ratio is generous. Chat with Zara if you'd like a deeper read on whether this condo fits your budget and timing.
Inside 253 Merton St #606
Every detail from the listing, in one place.
Type
Condo
Style
Apartment
Living space
600-699 sq ftas stated on the listing
Parking
1 spaceYes garage
Basement
None
Features & systems
Parking & garage
Garage
Yes
Parking spaces
1
Interior
Basement
None
Lot & land
Lot size (sqft)
0
Listing & possession
Property style
Apartment
Property class
Condo Apartment
253 Merton St #606 Price & Sale History
Earlier listings of this property, list-price changes, and the most recent annual property tax on the listing.
Independent mortgage broker · OAC · rates subject to change and underwritingMortgage Squad →
Referral disclosure: Summitly may refer you to Mortgage Squad Advisors, an affiliated mortgage partner. You are free to choose any lender or mortgage professional.
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
$2,451
/mo
based on the purchase price of $499,000
$99,800 cash
$399,200 financed
$336,231 total interest
Principal54%$399,200
Interest46%$336,231
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.
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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 1–2 bed homes for sale in Toronto around $499K.
Average days on market31Homes sold in about 31 days on average.
Sale-to-list ratio4931.9%On average, homes sold at or above asking.
Active listings12,286Homes for sale here right now.
Median vs prior 90 days+1.2%Compared with Apr 28 – Jul 27, 2026: prices up.
Based on 9,621 sales from Jul 27 – Oct 25, 2026 (6,856 in the prior 90 days). Aggregate MLS® figures for closed sales; individual sold prices are shown only to signed-in members.
253 Merton St #606 is listed at $499,000 (MLS® C13753262). Summitly updates the price as soon as the MLS® record changes.
Is $499,000 a good price for 253 Merton St #606?
Summitly rates it Good Deal: the asking price is 3% to 10% 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 253 Merton St #606 changed?
Yes — it was first listed at $528,000 and is now $499,000, a drop of $29,000 (5.5%).
How many bedrooms and bathrooms does 253 Merton St #606 have?
253 Merton St #606 has 1 bedroom and 1 bathroom, with about 600–699 square feet of living space. It is a condo in Toronto.
Is 253 Merton St #606 close to transit?
The nearest rapid-transit station is Davisville Station (Line 1), about 700 m (about a 9-minute walk) in a straight line. St. Clair Station is about 1.1 km (about a 14-minute walk), and Mount Pleasant Station is about 1.2 km (about a 15-minute walk). Distances are straight-line, not walking routes; check the transit agency for routes and schedules.
How much would the monthly mortgage be on 253 Merton St #606?
About $2,451 a month — principal and interest on $499,000 with 20% down ($99,800), 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.
How does 253 Merton St #606 compare with other homes in Toronto?
Its asking price of $499,000 is about 41% below the median sold price in Toronto over the last 90 days, $845,000, across 9,621 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 253 Merton St #606 been sold before?
Summitly has no earlier MLS® sale or lease of 253 Merton St #606 on record from the last two years. Older records aren't shown under TRREB rules.
Where is 253 Merton St #606?
253 Merton St #606 is in Toronto, ON. Schools, transit, parks and shops nearby are under Location & lifestyle on this page.
How long has 253 Merton St #606 been on the market?
47 days — 253 Merton St #606 was listed on September 8, 2026.
What is the price per square foot of 253 Merton St #606?
About $714 to $832 per square foot: the asking price of $499,000 over the 600–699 sq ft the listing gives as its size range.
Does 253 Merton St #606 have parking or a garage?
Yes — the listing gives 1 parking space. Garage: Yes.
