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Welcome to this remarkable 2-Storey detached located in the coveted neighborhood of Lawrence Park North. Expertly crafted featuring premium brick construction, this residence presents an exceptional opportunity offered at $2,674,900 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.
Life is just marvellous on Melrose in this 4+1 bed, 3 bath detached home with extra deep 150 foot lot. Recently updated throughout, this home has all what is needed for the modern family, while keeping the quintessential character and feel of this North Toronto classic. Inviting entry flows into spacious principal rooms, perfect for entertaining. Wood burning fireplace in living room, open concept dining room and kitchen makes hosting effortless! Fabulous kitchen with quartz counters, oversized breakfast bar with seating for 4, and stainless steel appliances. Sun-filled family room with gas fireplace overlooks the beautifully landscaped back garden. The upper level holds 4 bedrooms, sumptuous principal suite has a sky lit 5 piece ensuite with soaker tub, vanity with double sink, and glass shower enclosure with rain head. The bedroom overlooks treetops and garden, and has wall to wall closets with organizers. Second and Third bedrooms are nearly identical in size - no arguments for siblings! Rarely available 4th bedroom rounds out the space. Updated 3 piece family bath with glass shower enclosure. The Lower Level is a delight, and is accessible via two individual entry points. From the family room, with a sunlit space for a home office with built in millwork and desk. Entry to the lower level via the side door off the driveway provides a much needed yet rarely provided mud room space, the perfect spot for the kid's boots and coats at the end of the day. There is also a recreation room and bonus 5th bedroom with newly laid luxury vinyl flooring, and a 3 piece bath - making this an ideal space for a teen or nanny suite. The back garden is a dream - you wouldn't know you were in the middle of the city! Flagstone patio and freshly sodded garden area, and just beyond is deck and pool - you'll surely be spending the summer months here! Steps to Yonge and all that it has to offer, and in the highly desirable John Wanless PS catchment, you won't want to miss this one!
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Bar Fridge, In-Law Capability
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This could be the first listing for this address.
Data-driven valuation for 57 Melrose Avenue, Toronto C04, ON M5M 1Y6
Based on 0 recent similar sales in the pocket.
Properties in this area are selling at a steady pace.
Calculate your monthly payment, minimum downpayment, and land transfer taxes for this home in Toronto.
About Purchasing a Home in Toronto, ON
For a property listed at $2,674,900 in Toronto, the legal minimum down payment is $534,980 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 $53,348 for this transaction. Since the property is located in Toronto, a municipal land transfer tax of $53,348 also applies, bringing the total estimated land transfer taxes to $106,695.
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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.