16 Melody Road, Toronto, ON
Property Highlights
Welcome to this remarkable Bungalow-Raised detached located in the coveted neighborhood of Humberlea-Pelmo Park W5. Expertly crafted featuring premium brick front and concrete construction, this residence presents an exceptional opportunity offered at $1,899 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.
- 2 Bedrooms and 1 Bathroom
- Generous living space spanning 700-1100 sqft on a premium 50 x 120 ft lot
- Features a apartment, separate entrance basement, adding superb versatility for recreation, a home gym, or extra storage
- 1.0 total parking spaces available
- Notable attributes: Carpet Free
- equipped with central air central cooling and highly efficient forced air heating via gas
Description
Discover this beautiful 1,000+ sqft, 2-bedroom, 1-bathroom basement apartment. This isn't your typical basement rental - it's a bright, modern home with all the privacy and amenities you deserve. The property features a dedicated separate entrance ensuring complete privacy, while vinyl plank flooring throughout creates a seamless feel that flows beautifully through the thoughtfully planned open-concept design. The suite boasts a completely renovated modern bathroom with contemporary finishes. Two bedrooms provide flexibility for couples, roommates, or those needing a home office space. The convenience factor is unbeatable with in-property laundry facilities eliminating laundromat trips, and a peaceful residential neighborhood setting that offers easy access to transit, shopping, and local amenities in sought-after Weston/401 neighbourhood that is 4 minutes from 401/400 highways. This property is ideal for young professionals, couples starting out, or anyone seeking quality living at exceptional value. This is a rare combination of privacy and modern amenities, that is hard to find in basement units in the rental market. Immediate possession is available. Don't miss this exceptional opportunity.
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Property History
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This could be the first listing for this address.
Pricing & Value Insights
Data-driven valuation for 16 Melody Road Basement, Toronto W05, ON M9M 1C7
Based on 0 recent similar sales in the pocket.
Properties in this area are selling at a steady pace.
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About Purchasing a Home in Toronto, ON
For a property listed at $1,899 in Toronto, the legal minimum down payment is $95 under current Canadian banking regulations. This calculation applies a 5% requirement on the first $500,000, 10% on the next $499,999, and a flat 20% on any amount exceeding $1,000,000.
Additionally, buyers in Ontario must budget for the Provincial Land Transfer Tax, which is estimated at $9 for this transaction. Since the property is located in Toronto, a municipal land transfer tax of $9 also applies, bringing the total estimated land transfer taxes to $19.
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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.
