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New3 hours ago

72 Mervyn Avenue

Islington-City Centre West, Toronto

$1,188,000

Detached|Bungalow
3 | 2 | 5
About this home

Turnkey and fully renovated between 2024-2025, this Islington-City Centre bungalow offers 1,125 sq. ft. of living space with 3+2 bedrooms and 2 bathrooms. The home features a renovated kitchen with all-new appliances, along with major updates including a new furnace (2026), hot water tank and blown-in insulation (2025), and a new front porch and garage door (2026). The finished basement, with separate entrance and wet bar, is ideal for an in-law suite or offers income potential with conversion. A detached 1.5-car garage adds convenience and storage. Located under a 10-minute walk to Kipling subway station, with easy access to the 427, QEW, Gardiner Expressway and 401, under 15 minutes to Pearson Airport and approximately 20 minutes to downtown. Move-in ready with nothing left to do.

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agent
Angela Montano
(647) 283-2643
TypeDetached
StyleBungalow
Approx. AgeNot available
Size1100-1500 sq. ft.
Property Tax$5,135
Lot Size40 ft x 126.43 ft
mls© NumberW13710708
Listed ByROYAL LEPAGE WEST REALTY GROUP LTD.

Listing History

  • No recent sale history for this listing.
  • No recent lease history for this listing.

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Could you afford this home?

What the bank counts

This home's actual carrying costs, payment stress-tested at 6%

Mortgage, tested at 6%
$6,081
Property tax
$428
Heat allowance
$150
Housing costs
$6,659 / mo

Lenders cap these at 39% of gross income — that sets the number.

Down payment20% · $237,600
25-yr amortization

Income needed

$205,000

gross annual household income

Payment at 4%
$4,999 / mo
Cash down
$237,600

Assumes no other monthly debts · 25-yr amortization

Full affordability check

Investment Analysis

Estimated rent, cap rate and monthly cash flow for this property

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