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Copyright © 2026 The Canadian Home Realty Inc.
  • Ontario
  • Toronto
  • Dufferin Grove
  • 40 Merchant Lane
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  • Sold Sold in Mar 2026
  • Condo Townhouse

122 - 40 Merchant Lane

Toronto, Dufferin Grove
  • 2 + 1 Bedrooms
  • 2 Bathrooms
  • 1 Garage
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Sold Price: $ 765,000
3.16%
Listed Price: $ 790,000
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Room Details of 122 - 40 Merchant Lane, Toronto

FloorBedroomsBathrooms
Ground * 1
Second 3 1

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Key Facts About 122 - 40 Merchant Lane, Toronto

  • Tax $3,167 / 2025
  • Property Type Condo
  • Building Type Condo Townhouse
  • Building Style 2-Storey
  • Maintenance Fees $708.91
  • Size 1000 - 1199 feet²
  • Listing # C12752236
  • Data Source PROPTX
  • Days on Market 26
  • Listed On 03/02/2026
  • Updated On 03/03/2026
  • Market Demand
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Description

Welcome to a bright 2 bed + den, 2 bath townhouse in the Junction Triangle, where walkability isn't a buzzword, it's your lifestyle. Think morning coffee runs on foot, brewery hops without Uber, and transit that actually gets you places fast. Inside, it's move-in ready with smart 2025 upgrades: sleek new living room floors, pot lights that set the vibe, a mounted microwave, and new blinds in both the living room and primary bedroom. The open living space is airy and functional, while the primary bedroom features a 4- piece ensuite that feels li

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Property Details of 122 - 40 Merchant Lane, Toronto

Property

  • Property Type Condo Townhouse
  • Style 2-Storey
  • Community Dufferin Grove
  • Municipality Toronto

Inside

  • Bedrooms 2
  • Bathrooms 2
  • Bathroom Details 1, 2pc Main
  • Bathroom Details 1, 4pc Second
  • Kitchen 1
  • Rooms 5
  • Family Rooms N
  • Central Vac N
  • Fireplace N

Utilities

  • Cooling Central Air
  • Heating Type Forced Air
  • Heating Fuel Gas

Building

  • Size 1000 - 1199 feet²
  • Architecture Style 2-Storey
  • Exterior Feature Stucco (Plaster)
  • Amenities BBQs Allowed, Bike Storage, Visitor Parking

Parking

  • Drive Way Underground
  • Garage Type Underground
  • Garage 1
  • Total Parking Places 1

Land

  • Cross Street Bloor Street West & Symington Ave

Features

  • Library Y
  • Park Y
  • Place Of Worship Y
  • Public Transit Y
  • Rec./Commun.Centre Y
  • School Y

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Our Estimate

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Estimated Rent

$ 3,737

Rental Yield

5.18%

School Score

8.1/10

Rental Score

5/5

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Rooms

Dining Room (3.02X2.46 metre)
Level: Main
Kitchen (3.69X2.7 metre)
Level: Main
Primary Bedroom (3.62X2.68 metre)
Level: Second
Bedroom 2 (2.72X2.43 metre)
Level: Second
Den (2.65X1.66 metre)
Level: Second
Living Room (4.58X2.7 metre)
Level: Main

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Expense Breakdown

Monthly Mortgage Payment

$0/monthly

30 Year , 3.99% interest

Cash Expenditure for Home Purchase

$1,100

  • Downpayment
    $0
  • PST on Mortgage Insurance
    $0
  • Land Transfer Tax
    $0
  • Lawyer Fees
    $1,000
  • Title Insurance
    $0
  • Estoppel Certificate Fee
    $100

Monthly Expenses After Home Purchase

$1,278

  • Mortgage Payment
    $0
  • Property Insurance
    $50
  • Property Tax
    $250
  • Phone
    $40
  • Monthly debt payments
    $0
  • Cable
    $60
  • Utilities
    $124
  • Internet
    $45
  • Maintenance Fees
    $709
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MLS® Trusted listing from Toronto Real Estate Board The trademarks MLS®, Multiple Listing Service® and the associated logos identify professional services rendered by REALTOR® members of CREA to effect the purchase, sale and lease of real estate as part of a cooperative selling system.

Copyright:© The Canadian Home Realty Inc. All rights reserved. The Canadian Home Realty Inc is a registered real estate brokerage.

About 122 - 40 Merchant Lane, Toronto

Introducing a remarkable townhouse for sale in Toronto , located at 40 Merchant Lane, Toronto, this stunning condo townhouse offers an exceptional living experience in the vibrant Dufferin Grove community. This two-storey residence features two spacious bedrooms, a den, and two bathrooms, making it an ideal choice for professionals, couples, or small families seeking a blend of comfort and convenience.

As you step into this townhouse for sale in Toronto, you will immediately notice the bright and airy atmosphere created by the smart 2025 upgrades. The sleek new living room floors enhance the overall aesthetic, while the strategically placed pot lights set the perfect mood for any occasion. The open-plan living space is not only functional but also inviting, making it a great area for entertaining guests or simply relaxing after a long day.

The main kitchen is equipped with modern amenities, including a mounted microwave, ensuring that meal preparation is both efficient and enjoyable. While there is no additional kitchen, the existing space is well-designed to cater to all your culinary needs. The townhouse also boasts an unfurnished interior, allowing you to personalise the space to reflect your unique style.

The primary bedroom is a true sanctuary, featuring a four-piece ensuite that offers a private escape from the hustle and bustle of daily life. This well-appointed ensuite provides the perfect place to unwind, making it a highlight of this townhouse for sale in Toronto. The second bedroom is equally spacious, providing ample room for family or guests. Additionally, the den serves as a versatile space, ideal for a home office, storage for your Peloton, or a creative hobby area.

With a total of five rooms, including the den, this townhouse for sale in Toronto ensures that you have plenty of space to live, work, and play. The property also includes excellent storage options, a feature often overlooked in urban living. You will find that the layout maximises the available space, making it feel even more expansive.

Climate control is a breeze with central air conditioning, ensuring that you remain comfortable throughout the year. The forced air heating system provides warmth during the colder months, making this townhouse a cosy retreat regardless of the season. However, it is worth noting that there is no fireplace, which may be a consideration for those who enjoy a traditional focal point in their living area.

For those concerned about outdoor amenities, please note that this townhouse for sale in Toronto does not include a pool. However, the urban lifestyle it offers more than compensates for this. The location at 40 Merchant Lane, Toronto, places you mere minutes away from the UP Express and TTC, providing excellent transit options for commuting or exploring the city. The surrounding area is filled with top-notch restaurants, indie cafés, and local breweries, allowing you to fully embrace the vibrant community atmosphere.

Parking is made easy with an underground garage space, ensuring that your vehicle is secure and easily accessible. The underground driveway adds an extra layer of convenience, particularly in inclement weather. However, it is important to note that there is no additional parking space available.

In summary, this townhouse for sale in Toronto at 40 Merchant Lane, Toronto, is a prime opportunity for anyone looking to enjoy urban living at its finest. With its modern upgrades, spacious layout, and unbeatable location in the Dufferin Grove community, this property is a must-see. Don't miss your chance to make this stunning townhouse your new home, where convenience and style come together seamlessly.

Dufferin Grove is a vibrant and eclectic neighbourhood in Toronto, renowned for its blend of urban charm and community spirit. Nestled between Dufferin Street and Bloor Street, this area boasts an array of local shops, cafes, and markets, fostering a strong sense of belonging among its residents. The lush Dufferin Grove Park serves as a central hub, offering green spaces, playgrounds, and even a popular farmers' market, making it an ideal spot for families and social gatherings. With its diverse population and rich cultural tapestry, Dufferin Grove presents an inviting atmosphere for anyone looking to immerse themselves in the lively essence of city life while enjoying the comforts of a close-knit community.

Schools in the Neighbourhood

This property is conveniently located near several reputable schools, making it an ideal choice for families. Within a short distance, you will find Brock Public School (0.7 km), which offers grades JK to 8 and has a solid rating of 7.2. Just 0.8 km away is ALPHA II Alternative School, catering to grades 7 to 12, though it currently has a rating of 0. Fern Avenue Junior and Senior Public School, located 1.3 km from the property, provides a French-language curriculum for grades JK to 8 and has a rating of 6.8. For those seeking a Catholic education, St. Sebastian Catholic School (0.8 km) stands out with an impressive rating of 10, serving grades JK to 8. Bishop Marrocco/Thomas Merton Catholic Secondary School, only 0.5 km away, offers grades 9 to 12 with a rating of 5.3. Additionally, St. Cecilia Catholic School (2.4 km) and James Culnan Catholic School (3.3 km) provide further options for elementary education. Overall, this area boasts a diverse range of educational institutions, ensuring that families have access to quality schooling within a convenient distance.

Key Statistics of the Neighbourhood

The area surrounding the property has a population of 1,556 residents, with an average household size of 1.9. The demographic profile indicates a relatively mature community, with an average age of 39.4 years. The average household income stands at $93,600, reflecting a moderately affluent population, although 11.2% of residents are classified as low-income. The real estate market features an average property price of $764,000, with a significant portion of the population (42.29%) being renters. The community is characterized by a diverse demographic, with 34.26% of residents being immigrants and 73.1% holding a college or university education. Additionally, nearly half of the population (48.74%) is single, while 32.53% of households include children. The housing landscape is predominantly composed of condominiums, which make up 69.14% of the housing stock. Furthermore, 22.76% of the population is not in the labor force, indicating a mix of employment statuses within the community. Overall, this area presents a vibrant and diverse environment, appealing to both families and individuals seeking a well-educated and culturally rich neighborhood.

FAQs About 122 - 40 Merchant Lane, Toronto

How many bathrooms does this property have?

This property features 2 bathroom(s) and 2 bedroom(s).

Does this 2 bedroom property have additional bedrooms or a den?

This Condo Townhouse property includes 1 additional bedrooms.

What is the square footage (sqft) of this Condo Townhouse property?

The total square footage of this Condo Townhouse 2 bed property in Toronto is 1000 - 1199.

How many parking spaces are available with this property?

There are no parking spaces available with this property.

How many cars can be parked in the garage of 40 Merchant Lane?

This property features a garage with space for 1 cars.

What type of garage does this property have?

This property includes an Underground garage with space for 1 cars.

Does this property have a basement?

There is no basement in this property.

What type of basement is it?

Information about basement type is not available.

Does this property have a swimming pool?

It is not specified whether this property has a swimming pool.

Does this property have a fireplace?

There is no fireplace in this property.

How many kitchens does this property have?

This property includes 1 kitchen(s).

Is there a maintenance fee associated with this property?

Yes, it has an annual maintenance fee of $708.91.

Is this property furnished?

Information about whether this property is furnished is not available.

What type of heating system is in place?

The heating system in place is a Forced Air.

What utilities are available for this property?

Information about utilities is not available.

School Rating for 122 - 40 Merchant Lane, Toronto

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Listing History

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