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    Le Corbu

    194 Merton Street

    0for Sale
    0for Rent
    © OpenStreetMap
    map of location

    Building Details

    Property Type:
    Condo
    Number of Storeys:
    5
    Number of Units:
    34
    Condo Completion:
    2003
    Condo Demand:
    High
    Unit Size Range:
    658 - 1,350 SQFT
    Unit Availability:
    Low
    Property Management:

    Listing History for Le Corbu

    Amenities

    Sauna
    Squash Court
    BBQ
    Party Room
    Bike Storage
    Security System

    Maintenance Fees

    Included
    None
    Excluded
    Hydro
    Heat
    Air Conditioning
    Water

    About 194 Merton StreetLe Corbu

    In the popular Mount Pleasant neighbourhood, the boutique condos at 194 Merton Street should be on the radar of any prospective buyer, but more so those who are attracted to hard lofts in particular. Named Le Corbu Condos, perhaps after the preeminent architect and urban planner Le Corbusier, this chic, luxury building is home to an intimate community of content residents.

    Converted from an office building in 2003, 194 Merton’s art-deco inspired architecture features a striking window wall that encompasses almost all of its street-facing façade.

    Moreover, beyond the building’s elegantly rounded exterior corners, the Le Corbu Condos features a plethora of large windows. This results in a bright atmosphere resonating throughout the building: natural light gleams off of the sophisticated granite-tiled lobby and throughout its upper-level common areas.

    Atop the 5-storey structure at 194 Merton, its residents can enjoy spending time on the inviting common rooftop terrace, containing a garden and a barbecue area. Additionally, these residences boast a rather distinctive amenity: connected to this outdoor terrace is the Le Corbu Condos’ fitness facilities, which includes an exclusive squash court.

    The Suites

    A true boutique building, there are only 34 Toronto condos spread throughout 194 Merton. Their sizes span from around 700 to 1,400 square feet, with most in the 1000-1,200 square foot range. This includes one bedroom, one bathroom suites as well as those containing two bedrooms and two bathrooms, plus even some two bedroom plus den suites with two bathrooms.

    Regardless of whichever suite best serves a prospective buyer’s needs, Toronto condos for sale at the Le Corbu Condos are quite comfortable and welcoming. Thanks to their large windows, an abundance of natural light flows well throughout 194 Merton’s suites, especially considering their open concept living areas, whose ceilings are soar up to 10 feet high.

    Moreover, this bright natural light makes the suites’ engineered hardwood floors shine; the kitchens’ updated, stainless-steel appliances receive the same sunlit treatment, no doubt. And complementing the bright atmosphere, some of these suites feature a cozy fireplace and charming sliding barn doors as well.

    The Neighbourhood

    Similar to 194 Merton’s suites, the Mount Pleasant neighbourhood is known for being warm and friendly. Plus, getting to know one’s neighbours is easy for those living in Le Corbu Condos: steps north of the building, residents can gather at Toronto Tennis City, with its rare red Italian clay courts; and just south of the condo, neighbours can meet up and walk through the lush landscapes of the Kay Gardner Beltline Trail. Yet another place to spend the day outside is in grassy fields of June Rowlands Park — which contains a set of tennis courts, as well as other sports facilities — located between Davisville Avenue and Millwood Road.

    After a rousing match of tennis or stroll on the Beltline, residents will likely be in need of a filling meal, which can be found at any of the local eateries in their neighbourhood. Residents can find an array of restaurants on the first major street east of the condos, Mount Pleasant Road.

    Transportation

    For those who prefer public transit, Davisville Station, on Yonge Street at Chaplin Crescent, is less than a ten-minute walk from 194 Merton. From here, travelers can catch trains heading north or south along Yonge in order to reach uptown Toronto or the downtown core in no time. Alternatively, when it’s snowing, raining, or when one is simply not in the mood to walk, those living in the building can also hop onto the 74 Bus. This bus happens to stop at Merton and Mount Pleasant , which cuts the walk to Yonge Street in half. Alternatively, taking the 74 southbound carries riders toward St. Clair. Station on the the Yonge-University Spadina line — the same line as Davisville, but one station to the south.

    Similarly, drivers have many choices when it comes to getting around the city. A myriad of fast-paced roadways can be found in midtown Toronto, and drivers can use a good number of them in order to access a highway: driving North on Yonge leads to the 401; heading south on Bayview Avenue leads to the Don Valley Parkway; and drivers can also head west on Eglinton Avenue to merge onto the Allen Expressway – all of which are around ten minutes away from Le Corbu Condos.

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    Nearby Amenities

    8/10
    Walkability
    One small step for you. One giant leap towards never needing a gym membership.
    8/10
    Transit
    Transit's there for you, like a loyal golden retriever.
    5/10
    Bikeability
    You'll have a love-hate relationship with your gears. Mostly hate.

    Demographics

    Based on the dissemination area as defined by Statistics Canada. A dissemination area contains, on average, approximately 200 – 400 households.

    Population
    15,396
    Average Individual Income
    $62,966
    Average Household Size
    3 persons
    Average Age
    45
    Average Household Income
    $112,148
    Dominant Housing Type
    Detached
    Population By Age
    Household Income
    Housing Types & Tenancy
    Detached
    52%
    Semi Detached
    21%
    Low Rise Apartment
    11%
    High Rise Apartment
    8%
    Duplex
    6%
    Marital Status
    Commute
    Languages (Primary Language)
    English
    53%
    Cantonese
    16%
    Mandarin
    15%
    Other
    11%
    Tamil
    3%
    Tagalog
    1%
    Spanish
    1%
    Education
    University and Above
    32%
    High School
    26%
    None
    17%
    College
    16%
    Apprenticeship
    3%
    University Below Batchelor
    3%
    Major Field of Study
    Business Management
    25%
    Architecture & Engineering
    18%
    Health & Related Fields
    12%
    Social Sciences
    11%
    Math & Computer Sciences
    7%
    Humanities
    5%
    Physical Sciences
    5%
    Education
    4%
    Visual & Performing Arts
    3%
    Personal, Protective & Transportation Services
    2%
    Agriculture & Natural Resources
    1%

    Price Trends

    Days on Strata

    Units at Le Corbu spend an average of
    10
    Days on Strata
    based on recent sales

    List vs Selling Price

    On average, these condos sell for
    100%
    of the list price.
    Or in other words, the
    entire list price

    Offer Competition

    Condos in this building have a
    HIGH
    chance of receiving
    Multiple Offers

    Turnover of Units

    On average, each unit is owned for
    3.6
    YEARS before being sold again

    Property Value

    -4%
    Decrease in property value within the past twelve months

    Price Ranking

    22nd
    Highest price per SQFT out of 53 condos in the Mount Pleasant area

    Sold Units

    2
    Units were Sold over the past twelve months

    Rented Units

    2
    Units were Rented over the past twelve months

    Best Value Rank

    Le Corbu offers the
    ?
    best value out of 53 condos in the Mount Pleasant neighbourhood

    Appreciation Rank

    Le Corbu has the
    ?
    highest ROI out of 53 condos in the Mount Pleasant neighbourhood

    Rental Yield

    Le Corbu yields the
    ?
    highest rent prices out of 53 condos in the Mount Pleasant neighbourhood

    High Demand

    Le Corbu is the
    ?
    most popular building out of 53 condos in the Mount Pleasant neighbourhood

    Transaction Insights at 194 Merton Street

    1 Bed1 Bed + Den2 Bed2 Bed + Den
    Price RangeNo Data$630,000 - $875,000No DataNo Data
    Avg. Cost Per SqftNo Data$816No DataNo Data
    Avg. Wait for Unit AvailabilityNo Data345 Days201 Days389 Days
    Ratio of Units in Building4%27%44%27%

    Maintenance Fees

    Le Corbu vs The Mount Pleasant Area

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