The Metro
1Listing for Salefor Sale
1Listing for Rentfor Rent
139 Merton St & 119 Merton St
The Metro
1Listing for Salefor Sale
1Listing for Rentfor Rent
Walk Score
86
Transit Score
84
Bike Score
55
© MapTiler © OpenStreetMap
0
CONDO Demand
high
Unit Availability
Average
Property Type
Condo
Developer
119 Merton Street Developments Inc.
Condo Completion
2000
Property Management
ICC Property Management Toronto
Unit Size Range
547 - 1290 SQFT
Number of Units
194
Number of Storeys
7

139 Merton St | The Metro | Toronto, ON

About this condo

Condo Overview

The Mount Pleasant neighbourhood in midtown Toronto has been popular for so long, it’s easy to confuse developments like the Metro Condos at 119-139 Merton Street for much older buildings. Completed in 2000 by the community-oriented 119 Merton Street Developments, the Metro Condos was designed by Rafael + Bigauskas Architects.

In an effort to establish a vibrant community, the architects drew design inspiration for the 7-storey podium at 119-139 Merton from the heritage buildings in the surrounding area. As a result, the base of the condo features classic elements such as red brick, elegant masonry, and dormer windows.

In fact, the podium of the Metro Condos almost looks like a well preserved historical façade. Those in search of modern luxuries will be glad to hear that despite this aesthetic, the building was constructed just less than two decades ago. The construction process also resulted in a modern pair of towers above, which are thoughtfully set back from the street. Standing at 13 storeys high, many long balconies and a plethora of windows richly texture the clean design of these towers. To top it all off (literally), the towers are each crowned with sophisticated cornices framing their wraparound upper-level terraces.

Inside, the 119-139 Merton contains a generous set of contemporary amenities. Residents have access to a billiards room, a party room, an exercise room, and even a library. The Metro Condos also has enough underground parking to accommodate homeowners as well as their visitors. And while guests likely won’t drive all the way over to the building just to use the car wash, residents enjoy having access to this rather unique perk.

Finally, the building's atmosphere feels warm and welcoming throughout — and not just because of its heritage-inspired architecture. The grounds surrounding the building also boasts a welcoming courtyard with carefully cultivated gardens.

The Suites

The Merton Condos’ charming ambiance continues into its 196 suites. Plenty of living space is dedicated to each home, as the Toronto condos for sale here are spread out over the large complex: these one-bedroom and one-plus-den living spaces range from approximately 600 to 1,300 square feet, with some spanning 2 storeys. And many suites even boast access their own balconies and terraces, offering residents great views of lush natural landscapes.

Even though the building is a contemporary edifice, many of the suites found within boast a loft aesthetic. While some ceilings soar as high as 18-feet, all of the homes feature floor-to-ceiling windows that let in an abundance of natural light, which flows especially well throughout their open-concept layouts.

The Neighbourhood

Many of those aforementioned natural landscapes in Mount Pleasant are part of an extensive network connected to the Beltline Trail, which sits right behind the condo. Yet those living at 119-139 Merton also have the option to spend time in a green space outside this network: the June Rowlands Park around the corner, at Davisville Avenue and Mount Pleasant Road.

June Rowlands is a popular park, with baseball diamonds, tennis and basketball courts, and a picnic site, but those aren’t the only reasons why residents visit often. Rather, this park also happens to be situated in the heart of an eclectic eating and shopping scene. Along Mount Pleasant, residents can find many local establishments, as well as the Regent Theatre near Belsize Drive.

The community is quite proud of the Regent: the well-preserved 1920s building that once housed a live performance venue called the Crest Theatre is now home to an independent cinema that oozes old-world grandeur. As such, the Regent curates interesting screenings, showing films that promise to delight even the most discerning of cinephiles.

Transportation

Those living in 119-139 Merton can get around the city easily — even without a car of their own. Residents live just around the corner from Davisville Station, located at Yonge and Davisville. This being the case, it’s also no surprise that Davisville Station is situated on the Yonge-University-Spadina subway line. By hopping onto a train here, travelers can head north and south through the city. They can also connect to the Bloor-Danforth line in order to transfer onto east or westbound trains by heading just four stops south.

Last but not least, residents of the Metro Condos who drive can enjoy the simplicity of being able to follow Yonge Street to reach the north and south ends of the city. Those heading south can ride south through the downtown core toward the Lakeshore, or north all the way to the 401 or into the suburbs. Drivers looking for the quickest access to a highway can head south on Bayview Avenue, whose winding roads lead into Don Valley, where a connection to the Don Valley Parkway can be found.

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Amenities

Security System
Underground Parking
Gym
Party/Meeting Room
Visitor Parking
BBQ

Maintenance Fees Cover

Maintenance fees include

Water

Owner / renter pays separately

Hydro
Heat
Air Conditioning

Past Sold & Rented Listings

Stats, Trends & Rankings

Price Per Square Foot
The Metro vs The Mount Pleasant Area

$23.00
Less Expensive
per SQFT compared to the neighbourhood average
The Metro's Avg
price per SQFT
$888
/ SQFT
Neighbourhood Avg
price per SQFT
$911
/ SQFT

Building Trends At The Metro

Days on Market

Units at The Metro spend an average of
15
Days on Market
based on recent sales

List vs Selling Price

On average, these condos sell for
7%
above
the list price.

Offer Competition

Condos in this building have an

AVERAGE
chance of receiving
Multiple Offers

Turnover of Units

On average, each unit is owned for
3.7
YEARS before being sold again

Property Value

-6%
Decrease in property value within the past twelve months

Price Ranking

17th
Highest price per SQFT out of 41 condos in the Mount Pleasant area

Sold Units

13
Units were Sold over the past twelve months

Rented Units

10
Units were Rented over the past twelve months

Best Value

The Metro offers the
?
best value out of 41 condos in the Mount Pleasant neighbourhood

Return on Investment

The Metro has the
?
highest ROI out of 41 condos in the Mount Pleasant neighbourhood

Rental Yield

The Metro yields the
?
highest rent prices out of 41 condos in the Mount Pleasant neighbourhood

High Demand

The Metro is the
?
most popular building out of 41 condos in the Mount Pleasant neighbourhood

Sales vs Rental Values For This Condo

1 Bed561 - 810 SQFT
Average Cost Per Sqft$896
Sales Price Range$600,000 - $775,000
Rental Price Range$2,150 - $2,150
1 Bed + Den683 - 950 SQFT
Average Cost Per Sqft$902
Sales Price Range$650,000 - $775,000
Rental Price Range$1,850 - $2,498
2 Bed935 - 1290 SQFT
Average Cost Per Sqft$729
Sales Price Range$800,000 - $888,000
Rental Price Range$3,000 - $3,350

How Often Are Units Listed?

1 Bed547 - 840 SQFT
Average Sales Availability
Every88Days
Average Rental Availability
Every252Days
Ratio of Unit Type in Building27%
1 Bed + Den683 - 950 SQFT
Average Sales Availability
Every59Days
Average Rental Availability
Every98Days
Ratio of Unit Type in Building45%
2 Bed900 - 1290 SQFT
Average Sales Availability
Every96Days
Average Rental Availability
Every219Days
Ratio of Unit Type in Building30%

Maintenance Fees
The Metro vs The Mount Pleasant Area

$0.07
Less Expensive
per SQFT compared to the neighbourhood average
The Metro's Avg
monthly maintenance
fee per SQFT
$0.73
/ SQFT
Neighbourhood Avg
monthly maintenance
fee price per SQFT
$0.80
/ SQFT

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