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.
2 bedrooms, 2 bathrooms, about 1,200 sq ft, works out to roughly $667 per square foot, the bed-to-bath ratio is generous. Chat with Zara if you'd like a deeper read on whether this condo townhouse fits your budget and timing.
Inside 40 Merchant Lane #124
Every detail from the listing, in one place.
Type
Condo Townhouse
Style
Multi-Level
Living space
1200-1399 sq ftas stated on the listing
Parking
2 spacesYes garage
Basement
None
Features & systems
Parking & garage
Garage
Yes
Parking spaces
2
Interior
Basement
None
Lot & land
Lot size (sqft)
0
Listing & possession
Property style
Multi-Level
Property class
Condo Townhouse
40 Merchant Lane #124 Price & Sale History
Earlier listings of this property, list-price changes, and the most recent annual property tax on the listing.
For saleListedThis listingMLS® C14149876$799,900
Sourced from MLS®. Includes earlier listings of this property on record.
What's it worth?
How 40 Merchant Lane #124 Compares to the Toronto Market
Zara compares it with recent sales of similar homes nearby. It's a guide, not an appraisal.
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
$3,930
/mo
based on the purchase price of $799,900
$159,980 cash
$639,920 financed
$538,981 total interest
Principal54%$639,920
Interest46%$538,981
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 2–3 bed homes for sale in Toronto around $800K.
Average days on market32Homes sold in about 32 days on average.
Sale-to-list ratio5185.0%On average, homes sold at or above asking.
Active listings12,374Homes for sale here right now.
Median vs prior 90 days−0.2%Compared with May 8 – Aug 6, 2026: prices down.
Based on 9,142 sales from Aug 6 – Nov 4, 2026 (7,119 in the prior 90 days). Aggregate MLS® figures for closed sales; individual sold prices are shown only to signed-in members.
Questions About 40 Merchant Lane #124
How much is 40 Merchant Lane #124 listed for?
40 Merchant Lane #124 is listed at $799,900 (MLS® C14149876). Summitly updates the price as soon as the MLS® record changes.
Is $799,900 a good price for 40 Merchant Lane #124?
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 40 Merchant Lane #124 changed?
No — 40 Merchant Lane #124 is still listed at its original asking price of $799,900.
How many bedrooms and bathrooms does 40 Merchant Lane #124 have?
40 Merchant Lane #124 has 2 bedrooms and 2 bathrooms, with about 1,200–1,399 square feet of living space. It is a condo townhouse in Toronto.
How much would the monthly mortgage be on 40 Merchant Lane #124?
About $3,930 a month — principal and interest on $799,900 with 20% down ($159,980), 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 40 Merchant Lane #124?
Yes — Sunday, November 8, 1:00 PM – 3:00 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 40 Merchant Lane #124 compare with other homes in Toronto?
Its asking price of $799,900 is about 5% below the median sold price in Toronto over the last 90 days, $840,000, across 9,142 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 40 Merchant Lane #124 been sold before?
Summitly has no earlier MLS® sale or lease of 40 Merchant Lane #124 on record from the last two years. Older records aren't shown under TRREB rules.
Where is 40 Merchant Lane #124?
40 Merchant Lane #124 is in Toronto, ON. Schools, transit, parks and shops nearby are under Location & lifestyle on this page.
How long has 40 Merchant Lane #124 been on the market?
40 Merchant Lane #124 was listed today (November 4, 2026).
What is the price per square foot of 40 Merchant Lane #124?
About $572 to $667 per square foot: the asking price of $799,900 over the 1,200–1,399 sq ft the listing gives as its size range.
Does 40 Merchant Lane #124 have parking or a garage?
Yes — the listing gives 2 parking spaces. Garage: Yes.
