403 Melrose Avenue, Toronto, ON

$2,199,000
MLS#:C9505532
3 beds
3 baths
4.0 parking
Residential Freehold
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This listing is no longer active (Sold)

This property has been sold, leased, or taken off the market. You can view similar active listings below.

Property Highlights

Welcome to this remarkable Bungalow detached located in the coveted neighborhood of Bedford Park-Nortown. Expertly crafted featuring premium brick and stone construction, this residence presents an exceptional opportunity offered at $2,199,000 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.

  • 3 Bedrooms and 3 Bathrooms with 2 functional kitchens
  • Premium 35 x 150 ft lot size
  • Features a finished with walk-out basement, adding superb versatility for recreation, a home gym, or extra storage
  • 4.0 total parking spaces available with a convenient built-in configuration
  • Notable attributes: None
  • equipped with central air central cooling and highly efficient forced air heating via gas

Description

Discover an Incredible Opportunity to Own This Charming Detached Bungalow located in highly sought after Avenue & Lawrence Area. Nestled on an Expansive 35 x 150 ft Lot with Double Driveway and Garage, This Home Boasts 3 Generous Bedrooms, Hardwood Floors, Large Picture Windows That Let In Lots of Natural Light, Eat in Kitchen, Wonderful Open Concept Living & Dining Room and A Fantastic Entertainment Area. Primary Bedroom with Hardwood Floors, 2 pc Ensuite, and Double closet. Lower Level Walks Out To to South Facing Private Tranquil Garden. Recreation room with Walk Out to Yard, Gas Fireplace and Tile Floors. Renovated Eat in Kitchen with Stainless Steel Appliances, Dining Area Could Be Converted to a Guest Suite, Laundry Room with Full Size Washer & Dryer, Side Entrance and Front Entrance to this Special Home. So Many Opportunities and Options. Perfect for Senior & Caregiver. Opportunity to Build Your Dream Home in A Prestigious Neighbourhood. Or Up Size from your Semi or Detached Home. Walking Distance to Avenue Rd Fine Dining, Shops and TTC. Mins From 401, Don Valley Golf Course & Private Clubs. The Property is Located Near Fantastic Public & Private Schools.

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Key Features

Bedrooms
3
Bathrooms
3
Kitchens
2
Property Type
Residential Freehold

Additional Details

StatusSold
Sold DateDecember 31, 2024
Sold price information is available to members only
Listed Date10/22/2024
Transaction TypeFor Sale

Property Details

Property Sub-TypeDetached
Architectural StyleBungalow
ConstructionBrick, Stone
BasementFinished with Walk-Out
Lot Size35 × 150 Feet
CountyToronto
Annual Tax$8,647.84
Legal DescriptionPT LT 104 PL 1706 TWP OF YORK AS IN NY632592; TORONTO (N YORK) , CITY OF TORONTO

Parking & Garage

Parking Spaces4.0
Garage Spaces2
Garage TypeBuilt-In

Heating & Cooling

Heat SourceGas
Heat TypeForced Air
CoolingCentral Air

Features

Property Features

Library, Park, Public Transit, School, Place Of Worship

Interior Features

None

Security Features

Community Features

Location

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403 Melrose Avenue, Toronto, 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 403 Melrose Avenue, Toronto C04, ON M5M 1Z6

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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Mortgage & Affordability Audit

Calculate your monthly payment, minimum downpayment, and land transfer taxes for this home in Toronto.

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Interest Rate5.25%
Down Payment$439,800 (20.0%)
* Minimum Canadian down payment required for this price is $439,800.
Amortization Period25 Years
Estimated Monthly Payment$10,483Based on a loan of $1,759,200 over 25 years.
Purchase Price$2,199,000
Loan Amount$1,759,200
Provincial Land Transfer Tax:$41,450
Toronto Municipal Land Transfer Tax:$41,450
Total Estimated Closing Taxes:$82,900

About Purchasing a Home in Toronto, ON

For a property listed at $2,199,000 in Toronto, the legal minimum down payment is $439,800 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 $41,450 for this transaction. Since the property is located in Toronto, a municipal land transfer tax of $41,450 also applies, bringing the total estimated land transfer taxes to $82,900.

Nearby Listings

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City & Neighborhood Guide

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

Verified Local Data
City Population2,794,356
City Median Age39.2 Yrs
City Ownership48% Owners
Avg Area List Price$1,168,334

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 Monica
Public14 Broadway Avenue, Toronto, Ontario, M4P 1T4
6.9
Deer Park
Public23 Ferndale Avenue, Toronto, Ontario, M4T 2B4
6.9
St Anselm
Public182 Bessborough Drive, Toronto, Ontario, M4G 3J9
8.7
Blythwood
PublicToronto, Ontario, M4G 0A6
9.4
Our Lady of Perpetual Help
Public1 1/2 Garfield Avenue, Toronto, Ontario, M4T 1E6
9.7

Secondary Schools

North Toronto
Public17 Broadway Avenue, Toronto, Ontario, M4P 1T7
8.4
Northern
Public851 Mount Pleasant Road, Toronto, Ontario, M4P 2L5
8.2
Marshall McLuhan
Public1107 Avenue Road, Toronto, Ontario, M5N 3B1
7.2
Leaside
Public200 Hanna Road, Toronto, Ontario, M4G 3N8
9.1
Forest Hill
Public78 Dunloe Road, Toronto, Ontario, M5P 2T6
7.5

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.