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Investment signal

$2,299,000

MAIN AND LANEWAY - 11 MERRILL AVENUE W

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Beds

Baths

5 full + 1 half

Sqft

—

Year

—

Type

Single Family

Suite

Suite potential

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Location nearby

Nearby school, halal, mosque, grocery, park, and transit layers are still being built for Toronto (Woodbine Corridor). The listing facts above are live; the neighborhood-intelligence layer needs POI coverage before it can score this address properly.

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. 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. (id:65958)

Subtype: Single Family
Structure: House
Community: Woodbine Corridor
Common interest: Freehold
Lot dimensions: 20 x 102 FT
Bedrooms: 3 above grade, 4 below grade
Parking: 0 total
Stories: 2.5
Fireplace: 1
On market: Apr 23, 2026
Status changed: Apr 23, 2026
Annual tax: $8,453.32
Photos: 49
MLS#: E13033126
Area: TORONTO_(WOODBINE_CORRIDOR)

Features and systems

Parking

Detached GarageGarage

Basement

FinishedFullApartment in basementSeparate entranceWalk outN/AN/AN/A

Appliances

WasherRefrigeratorDishwasherRangeDryerHood FanWindow Coverings

Heating

Forced airNatural gas

Cooling

Central air conditioning

Exterior

SteelBrick Veneer

Flooring

ConcreteHardwoodPorcelain Tile

Foundation

ConcreteInsulated Concrete Forms

Lot

Lane

Community

Community Centre

Negative cash flow ~$2,401/mo at these assumptions

Monthly rent (CAD)Adjust to your local market estimateDown payment (%)Investment props typically 20-25%Mortgage rate (% annual)Default 4.5% — adjust to your rate holdAmortization (years)

Cash on cash

-6.27%

Cap rate

3.61%

GRM

16.7

Break-even rent

$14,028

Financing

Down payment$459,800

Loan amount$1,839,200

Mortgage$9,319/mo

Operating expenses (monthly)

Property tax(est. 0.55%/yr (AB avg))$1,054

Insurance$80

Maintenance$1,916

CapEx reserve$958

Vacancy loss$575

Estimates only. Actual cash flow depends on financing terms, condition reports, current market rents, property tax assessment, condo fees, and tenant quality. Defaults: 4.5% rate, 30-year amortization, 5% vacancy, 1%/yr maintenance, 0.5%/yr CapEx reserve, $80/mo insurance. Property tax estimated at 0.55%/yr where not provided. Talk to a mortgage broker before relying on these numbers.

Mortgage estimate

Estimated $9,319/mo at 4.5% with 20% down, 30-yr amortization.Estimate only — actual payment varies by qualification + insurance.

Listing brokerage

Listing brokerage on file

Listing data via CREA DDF®. Information is deemed reliable but not guaranteed accurate by CREA. Last updated Apr 23, 2026.