803 Merivale Road
803 Merivale Road
$565,000
53 days on market
About This Listing
Investor's Commercial Opportunity! Fantastic income-generating property with potential for two rental units in the highly desirable Royal & Civic Hospital area. This spacious home features 4 bedrooms, 2 full bathrooms, and sits on a large lot offering both space and long-term development potential. there are 2 bedrooms on second level and 1 bedroom in the main level, with 1 full bathroom, Upper level is currently rented at $1,500/month. Lower level: Non-confirmed bachelor apartment with full bathroom, currently rented at $750/month. A great opportunity for investors seeking strong cash flow or end users looking to live in one unit and rent the other. Close to hospitals, transit, shopping, and all amenities.
| Monthly Mortgage (P&I) | $2,462 |
| Property Tax (MLS) | $312 |
| Maintenance Fees | $0 |
| Total Monthly Cost | $2,773 |
Down payment: $113,000 (20.0%) · Mortgage: $452,000
Property tax uses MLS annual tax of $3,742/yr. Uses the standard Canadian semi-annual compounding convention. Estimates only—not a pre-approval or offer of credit. Actual rates and eligibility may vary. Provincial sales tax on mortgage insurance, when applicable, is not included. Consult a mortgage professional for accurate figures.
Property Details
Listing provided by POWER MARKETING REAL ESTATE INC.
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Data last updated: August 23, 2026 at 04:25 a.m.