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    111 Merton Street

    Greenwich Terrace
    0for Sale
    1for Rent

    Building Details

    Property Type:
    Condo
    Number of Storeys:
    5
    Number of Units:
    54
    Condo Completion:
    1996
    Condo Demand:
    Low
    Unit Size Range:
    410 - 1,226 SQFT
    Unit Availability:
    Low

    Listing History for Greenwich Terrace

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    Amenities

    Party Room
    Security System
    Visitor Parking
    Gym Room
    Bike Storage
    Rec Room

    Maintenance Fees

    Included
    Water
    Excluded
    Hydro
    Heat
    Air Conditioning

    About 111 Merton StreetGreenwich Terrace

    A longstanding fixture of the popular Mount Pleasant neighbourhood, many may not know that the condos at 111 Merton Street are one of the first office to residential conversions in the city. Renovated back in 1996, the developers, Woodcliffe Landmark Properties and the Merton Development Corporation, made sure every nook and cranny of the Greenwich Terrace Condos was top quality and ready for residents to enjoy.

    Indeed, it’s difficult to imagine this 5-storey building at 111 Merton was ever anything other than the Greenwich Terrace Condos: the upper levels of the concrete structure are set back, leaving space for spacious terraces. Complementing these terraces are large windows, which surely would have distracted many office workers back in the day — many overlook the thriving natural landscapes of the Kay Gardner Beltline Trail behind the building.

    Moreover, lush gardens and a lavish marble-floored lobby welcome residents home with charm and style — the first of the attractive set of amenities offered to those living in the building. The building also contains fitness facilities, a party room, and a versatile meeting room, just in case residents feel the need to host current business partners in this former office building.

    Finally, since it’s more likely those living in 111 Merton will invite friends and family to come over, it’s a good thing the building boasts an outstanding rooftop terrace. Equipped to barbecue and facing south towards city’s skyscrapers in the not-so-far-off distance — a captivating view framed by tall trees — the roof is a spectacular place to spend a summer’s evening.

    The Suites

    What initially drew prospective homeowners to 111 Merton after its conversion was the rich potential of the condos’ 54 suites. Current buyers love how well laid-out the units are, with sizes ranging enough for these Toronto condos for sale to attract a diverse array of individuals. The homes span anywhere from approximately 400 to 1,200 square feet, consisting of one bedroom, one plus den, two bedroom, and two plus den floor plans. Many the living spaces extend out onto private terraces, while some residents living on uppermost levels of the southern side of the building have access to balconies.

    Regardless of where ones lives in the building, residents enjoy an exceptionally warm atmosphere in their homes thanks to grand windows and high ceilings in the principal rooms. And, completing this fresh, airy ambience, the suites feature hardwood flooring and open-concept kitchens.

    The Neighbourhood

    Like the luxury condos at 111 Merton, the conversion of the street itself has made its history difficult to see: formerly an industrial road, the beautiful residences and mature trees now lining Merton make it renowned for its friendly vibrancy. Those who can never resist a cookie will love that the Girl Guides of Canada even have their national office down the street.

    Fortunately, residents can find much more than sweet treats when shopping in their neighbourhood. The Mount Pleasant neighbourhood offers excellent shopping of all sorts, with many major commercial options along Yonge Street, as well as a much more eclectic and independent scene on Mount Pleasant Road.

    Transportation

    Getting around the city is easy for residents of these midtown Toronto condos — even without access to a car. Around the corner on Yonge, just south of Chaplin Crescent, travelers can find Davisville Station. Situated on the Yonge-University-Spadina subway line, trains from Davisville travel north and south through the city, with connections to both the east-west running Sheppard and Bloor-Danforth lines a few stops away, to the north and south, respectively.

    And for those who prefer to travel by car can choose between many of Midtown’s fast-paced roadways when driving within the city, and when one needs to venture out further, the highway is easy to access as well. Drivers can follow Yonge Street north in order to reach the 401, or they can head south on Bayview Avenue, the next major street east of Mount Pleasant, to access the Don Valley Parkway in less than 10 minutes.

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    Explore Mount Pleasant West

    9/10
    Walkability
    One small step for you. One giant leap towards never needing a gym membership.
    8/10
    Transit
    So frequent, you might accidentally start collecting tickets.
    5/10
    Bikeability
    You'll have a love-hate relationship with your gears. Mostly hate.

    Similar condos

    Demographics

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

    Population
    11,711
    Average Individual Income
    $59,569
    Average Household Size
    3 persons
    Average Age
    45
    Average Household Income
    $98,571
    Dominant Housing Type
    High Rise Apartment
    Population By Age
    0 - 14
    13%
    15 - 19
    1%
    20 - 34
    28%
    35 - 49
    19%
    50 - 64
    19%
    65+
    17%
    Household Income
    $0 - $30,000
    48%
    $30,000+
    26%
    $60,000+
    14%
    $90,000+
    8%
    $125,000+
    3%
    Housing Types & Tenancy
    High Rise Apartment
    44%
    Detached
    28%
    Low Rise Apartment
    12%
    Semi Detached
    11%
    Duplex
    3%
    Marital Status
    Commute
    Languages (Primary Language)
    Other
    69%
    Mandarin
    14%
    Cantonese
    11%
    Tagalog
    2%
    Telugu
    1%
    Arabic
    1%
    Spanish
    1%
    Hindi
    1%
    Education
    University and Above
    41%
    High School
    23%
    College
    15%
    None
    14%
    University Below Batchelor
    3%
    Apprenticeship
    2%
    Major Field of Study
    Business Management
    28%
    Architecture & Engineering
    19%
    Social Sciences
    11%
    Health & Related Fields
    10%
    Math & Computer Sciences
    8%
    Physical Sciences
    5%
    Humanities
    4%
    Education
    3%
    Visual & Performing Arts
    3%
    Personal, Protective & Transportation Services
    2%
    Agriculture & Natural Resources
    1%

    Maintenance Fees

    Greenwich Terrace vs The Mount Pleasant West Area

    Days on Strata

    Units at Greenwich Terrace spend an average of
    43
    Days on Strata
    based on recent sales

    List vs Selling Price

    On average, these condos sell for
    1%
    below
    the list price.

    Offer Competition

    Condos in this building have a
    LOW
    chance of receiving
    Multiple Offers
    compared to other buildings in Mount Pleasant West

    Turnover of Units

    On average, each unit is owned for
    5.6
    YEARS before being sold again

    Property Value

    11%
    Increase in property value within the past twelve months

    Price Ranking

    N/A
    Highest price per SQFT out of 57 condos in the Mount Pleasant West area

    Sold Units

    1
    Units were Sold over the past twelve months

    Rented Units

    2
    Units were Rented over the past twelve months

    Best Value Rank

    Greenwich Terrace offers the
    ?
    best value out of 57 condos in the Mount Pleasant West neighbourhood

    Appreciation Rank

    Greenwich Terrace has the
    ?
    highest ROI out of 57 condos in the Mount Pleasant West neighbourhood

    Rental Yield

    Greenwich Terrace yields the
    ?
    highest rent prices out of 57 condos in the Mount Pleasant West neighbourhood

    High Demand

    Greenwich Terrace is the
    ?
    most popular building out of 57 condos in the Mount Pleasant West neighbourhood

    Transaction Insights at 111 Merton Street

    Studio1 Bed1 Bed + Den2 Bed2 Bed + Den
    Price RangeNo Data$602,000No DataNo DataNo Data
    Avg. Cost Per SqftNo Data$1,117No DataNo DataNo Data
    Avg. Wait for Unit AvailabilityNo Data477 DaysNo Data170 Days1268 Days
    Ratio of Units in Building5%40%5%38%14%

    Unit Sales vs Inventory

    Total number of units listed and sold in Mount Pleasant West