414 Melrose Street, Toronto W06, ON

$699,999
MLS#:W13427600
4 beds
2 baths
700-1100 sqft
2.0 parking
Residential Freehold
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Description

Property Highlights

Welcome to this remarkable ["Bungalow"] detached located in the coveted neighborhood of Mimico. Expertly crafted featuring premium brick and brick front construction, this residence presents an exceptional opportunity offered at $699,999 to acquire a beautiful home in a highly sought-after setting. Designed for both comfortable daily living and elegant entertaining, the layout maximizes natural light, functional flow, and lifestyle utility.

  • 4 Bedrooms and 2 Bathrooms
  • Generous living space spanning 700-1100 sqft on a premium 40 x 120 ft lot
  • Features a ["partially finished"] basement, adding superb versatility for recreation, a home gym, or extra storage
  • 2.0 total parking spaces available with a convenient detached configuration
  • Notable attributes: None
  • equipped with ["none"] central cooling and highly efficient forced air heating via gas

Attention builders, investors, renovators, and end users. This is an exceptional opportunity in the highly sought-after community of Mimico. This two-bedroom bungalow is being sold as-is and offers outstanding potential to renovate, rebuild, or invest in one of Etobicoke's most desirable lakeside neighbourhoods. Situated on a generous 40 x 120-foot lot, the property presents a rare land-value opportunity with endless possibilities. A side entrance and separate access provide excellent potential for an income-generating suite or future rental opportunities. This home offers an unbeatable lifestyle just steps from Humber Bay Shores and the waterfront. The location provides convenient access to top-rated schools, Sherway Gardens, Mimico GO Station, TTC transit, local shops, restaurants, cafés, and the beloved SanRemo Bakery. Commuting is effortless, with quick access to downtown Toronto by car, GO Transit, or TTC, making this an ideal location for both families and professionals. Whether you're looking to build your dream home, complete a renovation project, or secure a valuable investment property, this represents a rare opportunity to unlock the full potential of a prime Mimico property. Enjoy the best of south Etobicoke with parks, lakeside trails, transit, shopping, dining, and everyday amenities all within easy reach.

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Key Features

Bedrooms
4
Bathrooms
2
Kitchens
1
Living Area
700-1100 sqft
Property Type
Residential Freehold

Additional Details

StatusActive
Listed Date6/10/2026
Transaction TypeFor Sale

Property Details

Property Sub-TypeDetached
Architectural StyleBungalow
ConstructionBrick, Brick Front
BasementPartially Finished
Lot Size40 × 120 Feet
CountyToronto
Annual Tax$4,599.93
Legal DescriptionPT LTS 5, 6, 7 & 8, PL 2171 , AS IN TB49215 ; ETOBICOKE , CITY OF TORONTO

Parking & Garage

Parking Spaces2.0
Garage Spaces1
Garage TypeDetached

Heating & Cooling

Heat SourceGas
Heat TypeForced Air
CoolingNone

Features

Property Features

Interior Features

None

Security Features

Community Features

Location

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414 Melrose Street, Toronto W06, ON
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Property History

No historical data available for this property.

This could be the first listing for this address.

Pricing & Value Insights

Data-driven valuation for 414 Melrose Street, Toronto W06, ON M8Z 1H1

Estimated Sales Range
$1.2M - $1.4M

Based on 0 recent similar sales in the pocket.

Market Speed
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Properties in this area are selling at a steady pace.

Market Trend
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Financial Audit

Estimated Costs

Loan Amount$559,999.2
Monthly Mortgage$3,254
Property Tax (Est.)$383
Utilities & Maint.$350
Total Monthly Cost$3,987

Nearby School Rankings

No schools found within 3 km of this property.

Within 2km radiusFraser Institute Ratings

Nearby Listings

Distance:

No current listings found in Toronto W06.

Similar Listings Nearby

City & Neighborhood Guide

Comprehensive city-wide demographics, local real estate stats, and school rankings for Mimico, Toronto W06.

Verified Local Data
City Population2,794,356
City Median Age39.2 Yrs
City Ownership48% Owners
Avg Area List Price$876,387

People & Families

Age Distribution

Household Composition

One-person households
32%
Families with children
36%
Couples without children
24%
Other households
8%

Top Ethnic Origins

Chinese11%
English9%
Canadian8%
East Indian8%

Local Schools Guide

Elementary Schools

St Mark
Public45 Cloverhill Road, Etobicoke, Toronto, Ontario, M8Y 1T4
5.2
St Louis
Public11 Morgan Avenue, Etobicoke, Toronto, Ontario, M8Y 2Z7
7.6
John English
Public95 Mimico Avenue, Etobicoke, Toronto, Ontario, M8V 1R4
6.0
Park Lawn
Public71 Ballacaine Drive, Etobicoke, Toronto, Ontario, M8Y 4B6
7.4
Sainte-Marguerite-d'Youville
Public755 Royal York Road, Etobicoke, Toronto, Ontario, M8Y 2T3
7.7

Secondary Schools

Etobicoke-Arts
Public675 Royal York Road, Etobicoke, Toronto, Ontario, M8Y 2T1
8.2
Bishop Allen
Public721 Royal York Road, Etobicoke, Toronto, Ontario, M8Y 2T3
8.7
Lakeshore
Public350 Kipling Avenue, Etobicoke, Toronto, Ontario, M8V 3L1
4.9
Pope John Paul II
PublicFern Avenue, High Park-Swansea, Toronto, Ontario, M6R 2L4
6.7

Homes & Housing

Structural Home Types

Tenure (Ownership vs Rental)

Owner-Occupied48%
Rented52%

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Notice: Market Insights are generated by analyzing real-time data and should be used for informational purposes only. Consult with a licensed professional for exact valuations.

Disclaimer: AI Insights are generated by an automated system and should be used for informational purposes only. While we strive for accuracy using current market data and deep-learning models, these assessments do not constitute professional real estate, legal, or financial advice. All property values, predictions, and scores are estimates. We strongly recommend verifying all property details and conducting independent due diligence with a licensed professional before making any purchase decisions.