Homula Realty Brokerage
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155 Dalhousie Street 626, Toronto, ON M5B 2P7

1 bed · 1 bath · 1 kitchen · 4 rooms · 1 parking space · 600-699 sq ft · Locker · Laundry in unit · Condo Apartment
$449,000

Utilities includedHeat · Water · Central Air Conditioning

Also includedCommon Elements · Building Insurance · Parking

Maintenance fee
$893 / month
Property tax
$2,770 / year
Included in the fee
Heat, Common Elements, Building Insurance, Water, Parking, CAC

Experience authentic loft living in the iconic Merchandise Building, one of Toronto's most celebrated historic conversions. This spacious 1-bedroom suite perfectly blends industrial character with modern urban living, featuring soaring 12-foot ceilings, an open-concept layout, oversized warehouse-style windows, exposed ductwork, polished concrete floors, and the signature mushroom columns that define this sought-after address.Designed for those who appreciate the bold aesthetic of a true hard loft, the expansive living space offers endless possibilities for entertaining, working from home, or simply enjoying the unique architectural details that set this residence apart. Complete with one underground parking space and a storage locker, this is a rare opportunity to own a piece of Toronto's loft history with added everyday convenience.Residents enjoy access to an exceptional collection of amenities, including a fully equipped fitness centre, indoor pool, sauna, basketball and volleyball court, bike storage, games room, boardroom, spectacular rooftop terrace with BBQs, rooftop party room, and a dedicated dog walk area.Perfectly positioned in the heart of downtown, you're just steps from Toronto Metropolitan University, the Eaton Centre, TTC, restaurants, cafes, shops, and entertainment. Whether you're a first-time buyer, investor, or loft enthusiast, this distinctive residence offers an unparalleled combination of history, style, and location in one of Toronto's most iconic buildings. *Listing Contains Virtually Staged Photos*

MLS number
C13706190
Type
Condo Apartment
Status
Active
Bedrooms
1
Bathrooms
1
Postal code
M5B 2P7
Photos
44
Locker
Yes — Owned
Laundry
In the unit — In-Suite Laundry, Laundry Closet
Included in the fee
Heat, Common Elements, Building Insurance, Water, Parking, CAC
19days · this listing
Total days on market across every earlier listing of this propertyRegistration and sign-in required

This listing’s own days on market are shown above. How long the property has been for sale across every earlier listing is drawn from records the board releases only to registered users — a free account opens it, along with the sale history below.

Listing history

This address has been listed 2 times.

Sale history is for registered usersSee what this address sold for and when, across all 2 listings. Free account — the board’s rules require one before sold data can be shown.Create a free account

Where this property is

Pick a school to see the boundary it is inside. Boards redraw these — confirm with the board.

Matched to the building rather than the unit — every unit in a tower shares one coordinate.

Schools

The school boundaries this address is inside, and the schools nearest it. Boards redraw boundaries and cap programs — confirm with the board before this affects a decision.

School boundaries this address is inside

Lord Dufferin Junior and Senior Public School5.5 / 10
Elementary · Regular Track
TDSB boundary
Jarvis Collegiate Institute5.7 / 10
Secondary · Regular Track
TDSB boundary
Where these boundaries come from, and what they are worth

A school boundary is the area a board draws around a school. An address inside several of them is normal — boards publish a separate boundary per program, so regular track, French immersion and specialist programs each have their own.

Toronto. Read from the TDSB’s own School Search Map, one school at a time. The board states that the lines on that map are approximate and that the schools serving an individual address must be confirmed against its own address lookup — so the outline here shows you roughly where a boundary runs, and the board answers whether a particular house is in it. The map covers home schools only: French Immersion, gifted and the other optional programs have their own boundaries and their own admission rules, and are not shown.

Homula cannot tell you which school a child will attend. Boards move boundaries, hold students at capacity, cap programs and grant exceptions, and none of that is in any published file. The board is the only authority: TDSB Find Your School.

Sources: TDSB School Search Map — the board states these lines are approximate and that individual addresses must be confirmed against its own lookup.

Other schools nearby

By distance from this address, not school boundary — a school 400 m away can be in another school’s attendance area.

SchoolLevelDistanceRating
St Michael's Choir (Jr) School
Toronto CDSB
Elementary263 m9.8 / 10
98% met the standard
St Michael's Choir (Sr) School
Toronto CDSB
Secondary285 m9.8 / 10
98% met the standard · 2 of 6 measures
Toronto Central AcademySecondary355 mNot reported
Collège français élémentaire
CS Viamonde
Elementary516 mNot reported
École élémentaire Gabrielle-Roy
CS Viamonde
Elementary396 m8.5 / 10
85% met the standard
Collège français secondaire
CS Viamonde
Secondary551 m9.3 / 10
93% met the standard · 2 of 6 measures
How the rating is calculated

EQAO — Ontario’s testing agency — publishes, for each school, the percentage of students meeting the provincial standard in Grade 3 and Grade 6 reading, writing and mathematics. The rating is the average of those percentages divided by ten. A school where 72% of students met the standard rates 7.2 out of 10.

Nothing is weighted or adjusted, and schools are not ranked against each other. Where EQAO withholds a result to protect the privacy of a small group of students, that measure is left out rather than counted as zero — so a rating built on fewer than six measures says so.

What it does not measure. It is one year of standardised testing in three subjects. It says nothing about teaching, programs, or whether a school suits a particular child, and it tracks neighbourhood household income closely enough that it partly measures the neighbourhood rather than the school. Treat it as one figure among many.

Source: Ontario Ministry of Education, School Information and Student Demographics (2024–25), Open Government Licence – Ontario.

H-Value

our estimate of this home is for registered usersWhat comparable homes nearby actually sold for, worked into an estimate for this one — with the range it sits in and how far the method has been off in testing.Create a free accountAlready have one? Sign in.

What an H-Value is and how it is calculated — the method and our measured error, no account needed.

The market around this home

Condo Apartments in Church-Yonge Corridor1,024 sales over the last five years.

Median sold priceWhat comparable homes actually sold for
$445k$538k$631k20252026this home’s asking price
$588klatest quarter · hover to read any
Sold vs askingAbove 100% means bidding wars were normal
96%98%100%20252026the asking price
97%latest quarter · hover to read any
Days to sellMedian days on market before the deal closed
-1d17d35d20252026
32dlatest quarter · hover to read any
How these are built, and what they cannot tell you

Each point is the median of the sales that closed in that quarter among condo apartments in church-yonge corridor. A quarter with fewer than eight is left out rather than drawn, and the line breaks where that happens — a median over three sales is really one home’s price, and joining across a gap would draw a number nobody measured.

This is not an estimate of what this home is worth. The segment is a property type in an area; it takes no account of this home’s size, condition, renovations, lot, exposure or how it compares to its neighbours, and half the homes in any quarter sold for more than the median and half for less. It is context for a conversation with an agent, not a valuation.

Toronto Regional Real Estate Board closed transactions. Deemed reliable but not guaranteed accurate by PropTx.

This neighbourhood

Statistics Canada 2021 Census, for the surrounding few blocks — about 777 people.

$115,000Median household income
67.3%Own their home
0%Detached houses
40Median age
27.7%Born outside Canada
68.7%University degree

The neighbourhood, by the census

Statistics Canada 2021 Census for dissemination area 35204611 — the few blocks around this address, home to 777 people. It describes the area, not this property.

777Population
41.4Average age
1.6Household size
$156,000Average household income
$115,000Median household income
67%Own their home
33%Rent
100%Condominiums
28%Born outside Canada
69%University degree
$912,000Average home value
11%Low income
15%Not in the labour force
35%Never married
Under $5,0002%
$5,000 to $9,9991%
$10,000 to $14,9991%
$15,000 to $19,9992%
$20,000 to $24,9991%
$25,000 to $29,9991%
$30,000 to $34,9991%
$35,000 to $39,9992%
$40,000 to $44,9991%
$45,000 to $49,9991%
$50,000 to $59,9992%
$60,000 to $69,9993%
$70,000 to $79,9993%
$80,000 to $89,9994%
$90,000 to $99,9992%
$100,000 and over36%
$100,000 to $124,9997%
$125,000 to $149,9997%
$150,000 to $199,9997%
$200,000 and over15%

Percentages are of the 745 responses in this category. Statistics Canada rounds counts and withholds small ones to keep individuals unidentifiable, so categories with too few people to publish are absent rather than shown as zero.

Source: Statistics Canada, 2021 Census of Population. Contains information licensed under the Open Government Licence – Canada.

Work out the numbers

Everything below is calculated in your browser from figures you can change. Nothing is sent anywhere.

$89,800 · minimum here is $22,450
$1,988.07per month
Borrowed before insurance$359,200
Total borrowed$359,200
Interest over 25 years at 4.5%$237,222

If you rented it out

-$3,111.91per month out of pocket
Rent$0.00
Everything it costs to hold$3,111.91
How this is calculated, and what it leaves out

Canadian fixed-rate mortgages compound semi-annually, not monthly, so the monthly rate here is (1 + rate/2)1/6 − 1. Most calculators use rate ÷ 12, which is the American convention and overstates the payment by tens of dollars a month.

Below 20% down, default insurance is mandatory and is added to the loan rather than paid at closing: 2.80% at 85% loan-to-value, 3.10% at 90%, 4.00% at 95%. It is unavailable at or above $1.5M, which is why 20% is a hard floor there.

Not included: vacancy, property management, capital repairs, income tax, and the fact that a lender qualifies you at a stress-test rate rather than the one you are quoted. This is arithmetic on the numbers above, not a mortgage approval or an opinion of what you can afford.

What’s being built nearby

Planning applications within 500 m — 8 still in progress.

21 MCGILL ST387 m
Under Review · applied May 25, 2026

Site Plan Approval for a 7-storey addition to the existing Covenant House Toronto. The proposal would increase its youth crisis and supportive housing capacity with 158 beds (provided across a mix of dwelling rooms and dwelling units).

City planning file →
209 JARVIS ST475 m
Under Review · applied March 31, 2026

This application proposes to amend the Official Plan and Zoning By-law to permit a 32-storey mixed-use building, containing 315 dwelling units (including 38 replacement rental units), approximately 377 sq. m.…

City planning file →
249 VICTORIA ST472 m
Council Approved · applied March 11, 2026

The purpose of this OPA is to permit a 0 metre north tower setback on 237 Victoria Street and a 30 metre height limit on 249 and 251-253 Victorira Street.…

City planning file →
319 GEORGE ST210 m
Under Review · applied October 15, 2025

Lift the Hold application related to a new 10-storey building, containing 80 emergency shelter beds, 100 transitional shelter beds, 124 long-term care beds, 70 supportive housing units, and a 2,269 square metre community hub.…

City planning file →
33 DUNDAS ST E449 m
Under Review · applied October 1, 2025

Draft Plan of Condominium Standard (Technical Stream) for two units

City planning file →
213 GERRARD ST E492 m
Under Review · applied July 4, 2025

Site Plan Approval for a 10-storey mixed use building with 60 purpose-built rental units and commercial uses at grade.

City planning file →
412 CHURCH ST251 m
Under Review · applied February 5, 2023

Application for Site Plan Control Approval for a proposed 33-storey mixed-use building.

City planning file →
295 JARVIS ST165 m
Under Review · applied November 15, 2022

Proposal to facilitate the redevelopment of the site with a 60-storey residential building with a 9-storey podium along Jarvis Street. Overall, the proposal consists of a total of 44,530 square metres of gross floor area.…

City planning file →
What these are

These are applications made to the City — a proposal to build something, not a decision that it will be built. Many are refused, withdrawn, reduced, or approved and then left for years. The status shown is the one the City last recorded, and each entry links to the City’s own file, which is the authoritative record.

Whether a nearby development is welcome depends on what you want from a street, so this panel reports what has been applied for and leaves the judgement to you.

Contains information licensed under the Open Government Licence – Toronto. Toronto only for now; other municipalities publish this differently or not at all.

Listed by SUTTON GROUP-ADMIRAL REALTY INC.. Listing data provided by the Toronto Regional Real Estate Board.