43.6568° N · 79.4454° W — Dufferin Grove, Toronto — MLS® #C14149876
124-40 Merchant Lane
$799,900
Dufferin Grove, Toronto, Ontario M6P 4J6
- 2+1
- BedroomsBeds
- 2
- BathroomsBaths
- 1200-1399 sqft1200-1399
- SizeSq ft
Inquire about this listing
In short · from the listing record
124-40 Merchant Lane is a 2+1-bedroom, 2-bathroom condo townhouse in Dufferin Grove, Toronto, listed for sale at an asking price of $799,900 (MLS® C14149876).
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.
Listing readings
How it measures up
Scores from the listing record and the market around it.
66Fair
Condition score
4 condition-related facts documented
Listing age, structured features and disclosed update language; not an inspection.
46Near break-even
Cash flow quality
−$690/mo against the cost of owning (20% down, 4.8%, 25 yrs)
Median of 8 homes with 3 bedrooms for lease in Dufferin Grove right now. Cost of owning counts the mortgage, property tax and the condo fee.
Condition uses listing-record signals, not an inspection.
The data table
Every fact
Everything the board publishes for this home.
- Tax
- $3,929 / 2026
- MLS® number
- C14149876
- Board
- TRREB MLS®
- Property Type
- Condo Townhouse
- Building Age
- 16-30
- Time on market
- Size
- 1200-1399 sqft
- Listed on
- Parking
- 2 Underground, 2 Parking
Listing history
Listing activity for 124-40 Merchant Lane, Toronto, Ontario
| Date Start | Date End | List Price | Price | Event | Listing ID |
|---|---|---|---|---|---|
| Date StartN/A | N/A | $799,900 | N/A | For Sale | C14149876 |
Inside
Room by room
From the listing.
- Living3.91 × 2.89 mVinyl Floor, Large Window
- Kitchen2.49 × 3.12 mVinyl Floor, Quartz Counter, Closet
- Loft3.92 × 4.12 mVinyl Floor, W/O To Terrace, Large Window
- 2nd Br3.23 × 3.41 mVinyl Floor, Double Closet, Large Window
- Den3.92 × 2.61 mVinyl Floor, Large Window
- Primary3.92 × 5.31 mVinyl Floor, 3 Pc Ensuite, W/I Closet
Property
- Property Type
- Condo Townhouse
- Style
- Multi-Level
- Community
- Dufferin Grove
- Municipality
- Toronto
Building
- Size
- 1200-1399 sqft
- Building Age
- 16-30
- Construction
- Brick
Inside
- Bedrooms
- 2+1
- Bathrooms
- 2
- Bathroom Details
- 1 × 3pc 2nd, 1 × 3pc 3rd
- Basement Type
- None
- Kitchens
- 1
Parking
- Garage Type
- Underground
- Garage
- 2
- Additional Parking
- 0
- Total Parking
- 2
Utilities
- Cooling
- Central Air
- Heating Type
- Forced Air
Where it sits
The street and the area
Asking prices on the map.
Map and tour
Transit nearby
| Station | Lines | Distance |
|---|---|---|
| Lansdowne Station | TTC subway: Line 2 Bloor-Danforth | 350 m |
| Bloor GO | GO Transit train: KitchenerUP Express train | 400 m |
| Dundas West Station | TTC subway: Line 2 Bloor-Danforth | 650 m |
| Dufferin Station | TTC subway: Line 2 Bloor-Danforth | 900 m |
| Caledonia Station | TTC light rail: Line 5 Eglinton | 4.3 km |
The nearest subway, light rail, train, bus rapid transit stations 5 km, as the crow flies. Source: TTC schedule data (GTFS) from the Toronto Transit Commission under the Open Government Licence – Toronto; GO Transit and UP Express schedule data (GTFS) from Metrolinx under the Open Government Licence – Ontario – Metrolinx, downloaded October 18, 2026. Contains information licensed under the Open Government Licence – Toronto. Data used in this product or service is provided with the permission of Metrolinx. Metrolinx makes no representations or warranties of any kind, express or implied, with respect to the Data and assumes no responsibility for the accuracy or currency of the data used in this product or service. Contains information licensed under the Open Government Licence – Ontario – Metrolinx.
Site report
What the record says
What the City and the conservation authority have on file for this address.
- Heritage and ravineNone foundNot found on the Heritage Register
- Heritage and ravineNone foundNot in a mapped Heritage Conservation District
- Heritage and ravineNone foundNot in the mapped ravine protection area
- ZoningR (d1.5) (x58)Residential zone (R) · Chapter 10, section 10.10 of By-law 569-2013 · Exception 900.2.10(58)
- PermitsNone on fileNo building permits on file at this address.
- Signals nearby6 to note1319 BLOOR ST W, Site plan, 120 m away · 1405 BLOOR ST W, Official plan or zoning amendment, 140 m away · 1405 BLOOR ST W, Condominium, 140 m away · 221 STERLING RD, Official plan or zoning amendment, 150 m away · 221 STERLING RD, Plan of subdivision, 150 m away · 221 STERLING RD, Site plan, 150 m away
- ca regulatedNone in rangeNot in Toronto and Region Conservation Authority’s mapped regulated area
- provincial plansNone in rangeOutside the Greenbelt, Oak Ridges Moraine and Niagara Escarpment plan areas
- wetlandNone in rangeNo mapped wetland within 120 m
- aggregateNone in rangeNo licensed pit or quarry within 2 km
- wellsNone in rangeNo recorded oil, gas or salt well within 250 m
- railOn recordNearest rail line: 50 m
- trailOn recordA trail on the Ontario trail network within 1 km
- permitsOn record55 building permits issued within 250 m in the last 2 years
- devappsOn record21 open development applications within 250 m An application is a proposal: it may change, be refused or never be built.
- airportOn recordNearest airport: 4.6 km
- parcelOn recordMapped parcel: about 95,580 sq ft Measured from the municipal parcel map, which can differ from the survey and from the lot size in the listing.
- water wellsNone in rangeNo water-supply well recorded within 250 m 180 test or monitoring holes also recorded.
- groundwaterOn recordGroundwater recorded about 3.7 m below ground nearby The middle water level in the well records within 500 m (618 records). It changes with the season and from spot to spot.
- npriOn record2 facilities within 1 km report pollutant releases to Environment Canada The nearest is Nestle Canada Inc. — STERLING ROAD FACTORY, 420 m away. Facilities report to the National Pollutant Release Inventory above set thresholds; reporting a release is not a finding of harm.
- fcsiNone in rangeNo federal contaminated site within 1 km The federal inventory covers federal land only; it says nothing about provincial or private sites.
- electricityOn recordElectricity is distributed here by Toronto Hydro-Electric System Limited
- internet speedOn recordWired internet 50/10 Mbps or faster is listed at a household 50 m away Fixed wireless 50/10 Mbps or faster. LTE mobile coverage listed. ISED’s National Broadband Data at the nearest household point (50 m from the listing); 50/10 Mbps is its top category and includes faster plans. Confirm with a provider for this address.
- broadbandOn recordAcross the surrounding area: fibre to the home, cable, DSL internet listed Fibre to the home: Beanfield Metroconnect, Bell, FibreStream, Rogers. Cable: Rogers. DSL: Bell. Fixed wireless: Rogers, Routcom, SkyChoice Communications. Mobile: Bell, Freedom Mobile, Rogers, Telus. Satellite: Xplore. ISED’s list for the surrounding ~25 km² area; check with a provider for this address.
None of these City records was found at this address. That does not rule out other approvals, such as a conservation authority permit, so check before you plan work.
Each record is the map at the home’s location, not an inspection. Confirm anything that matters with the municipality, Toronto and Region Conservation Authority or the record’s publisher.
City of Toronto Open Data and zoning map, read at this address. Contains information licensed under the Open Government Licence – Toronto. City of Toronto Open Data — Development Applications and Building Permits (cleared permits since 2017). An application is a proposal: it may change, be refused or never be built. Contains information licensed under the Open Government Licence – Toronto. Contains information licensed under the Open Government Licence – Canada. Contains information licensed under the Open Government Licence – Ontario. Contains information licensed under the Open Government Licence – Toronto. Contains information made available under the Toronto and Region Conservation Authority Open Data Licence v1.0.
Land transfer tax on this home
- Ontario land transfer tax
- $12,473
- Toronto municipal land transfer tax
- $12,473
- Total land transfer tax
- $24,946
- First-time buyer rebates (Ontario up to $4,000 + Toronto up to $4,475)
- −$8,475
- Total for first-time buyers
- $16,471
See how this is worked out
- 0.5% on the first $55,000
- $275
- 1.0% from $55,000 to $250,000
- $1,950
- 1.5% from $250,000 to $400,000
- $2,250
- 2.0% from $400,000 to $799,900
- $7,998
- Ontario total
- $12,473
Toronto’s municipal tax uses the same brackets at this price, so it adds another $12,473.
An estimate at the asking price, for a home with one or two single-family residences. Your lawyer confirms the exact amount.
Schools
Nearest schools
Straight-line distances. Check catchments with the board.
ElementaryEQAO average 2024–25
- Brock Public SchoolToronto DSBPublic · grades JK–886%Grade 6 average750 m
- St Sebastian Catholic SchoolToronto CDSBCatholic · grades JK–890%Grade 6 average800 m
- Pauline Junior Public SchoolToronto DSBPublic · grades JK–683%Grade 6 average800 m
- École élémentaire Charles-SauriolConseil scolaire ViamondeFrench-language public · grades JK–895%Grade 6 average1.5 km
SecondaryGrade 9 math 2024–25
- École secondaire Toronto OuestConseil scolaire ViamondeFrench-language public · grades 9–1282%Grade 9 math500 m
- Bishop Marrocco/Thomas Merton Catholic Secondary SchoolToronto CDSBCatholic · grades 9–12 · French Immersion41%Grade 9 math550 m
- ÉSC Saint-Frère-AndréConseil scolaire catholique MonAvenirFrench-language Catholic · grades 9–1269%Grade 9 math600 m
- Caring and Safe School 4Toronto DSBPublic · grades 9–12—600 m
EQAO: share of students at or above the provincial standard, 2024–25 (Ontario open data). These are the schools nearest this home, not the schools it is assigned to: boundaries change, and some schools take students by application. Confirm with the board before you buy. Contains information licensed under the Open Government Licence – Ontario.
Searches this home is in
Keep looking
The ledger
What it costs to own
Worked out for this home. Change any number.
A month, all in
$4,790
- Mortgage$3,650
- Property tax$327
- Condo or maintenance fee$813
A planning figure, not a quote.
Land transfer tax
$24,946
$16,471 for first-time buyers; Toronto adds its own tax.
Rent, similar homes
$4,100
a month, median asking rent of 8 similar homes in Dufferin Grove.
Community
Who lives around it
Similar homes
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Shemeer AhmadVALERY REAL ESTATE INC.
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