$1,798,000

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357B Melrose Street, Toronto (Mimico) - Single Family for Sale

357B Melrose Street, Toronto (Mimico), Ontario, M8Z1G9

5 beds4 baths4 parking2,250 ft²25 × 125 ft (3,125 sq ft) lot sizeListed 141 days ago

Overview

This 5-bedroom, 4-bathroom home in Toronto is for sale offering roughly 2,250 sq ft of space.

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Description

Experience exceptional custom-built luxury where every detail has been thoughtfully designed & expertly crafted. Featuring premium imported Italian windows, custom Italian cabinetry, Italian quartz surfaces, Italian bathroom vanities & custom Italian interior doors with premium hardware, flush-mount hinges & magnetic latch systems, this home showcases quality at every turn. The stunning open-concept main floor is highlighted by soaring ceilings, contemporary finishes & an impressive chef-inspired kitchen complete with a Bertazzoni gas range & premium Miele appliances.Offering 5 spacious bedrooms & 4 beautifully appointed bathrooms, the home blends elegance with everyday functionality. Enjoy integrated speakers & a smart security system, upper-level laundry & a luxurious primary retreat featuring a spa-inspired 5-piece ensuite with a steam shower & soaker tub.The fully finished lower level offers 13-ft ceilings in the bedroom, 11-ft ceilings in the main living area, in-floor heating throughout, a wet bar & a floor-to-ceiling walkout to the south-facing backyard. Designed to maximize natural light & openness, this bright, spacious & versatile space is ideal for an in-law or nanny suite.Outdoor living is equally impressive with a fully fenced backyard, oversized patio & upper-level deck, creating the perfect setting for entertaining family & friends. The property also offers parking for 4 vehicles.Situated in 1 of the area's most desirable lakeside communities, this exceptional residence offers the perfect balance of luxury & convenience, just minutes from downtown & the airport. Enjoy walking access to local favourites, village amenities, transit & waterfront attractions. This is a rare opportunity to own a truly remarkable home in a sought-after family-friendly neighbourhood. (id:66096)

Property Details

MLS®: W13460580
Property Type: Single Family
Zoning: RD(f13.5;a510;d0.45)
Bedrooms: 5
Beds (above / below): 4 above · 1 below
Bathrooms: 4
Half Baths: 1
Parking: 4
Interior Size: 2,250 ft²
Lot Size: 25 × 125 ft (3,125 sq ft)
Frontage: 25 ft
Storeys: 2
Basement: Finished, Full
Heating: Forced air, Natural gas
Cooling: Central air conditioning
Garage: Attached Garage, Garage
Fireplace: Yes
Ownership

Rooms

Main level

Living room: 5.03 x 4.01 meters
Dining room: 3.76 x 4.6 meters
Kitchen: 4.65 x 5.66 meters
Family room: 4.83 x 5.66 meters
Bathroom: 1.5 x 1.78 meters

Lower level

Recreational, Games room: 5.23 x 5.26 meters

Second level

Bedroom: 4.42 x 2.79 meters
Bedroom: 4.67 x 2.82 meters
Bathroom: 1.68 x 2.57 meters

Features

Appliances: Washer, Refrigerator, Central Vacuum, Dishwasher, Stove, Dryer, Window Coverings, Garage door opener, Water Heater
Foundation: Poured Concrete
Exterior: Stone
Lot Features: In-Law Suite

Services

Water: Municipal water
Sewer: Sanitary sewer

Features and services as supplied by the listing brokerage.

Market Timing

Days on market

141d

Toronto (Mimico) listings, avg age

58d

Price / ft²

$799

List price

$1.80M

Homes here sell faster than most markets

Sold homes in this market spent an average of 33 days on the market over the past year, against a median of 48 days across the markets we publish.

Homes here sell below asking price

Homes in this market sold for an average of 94.6 percent of their asking price over the past year, below the 96.4 percent median across the markets we publish.

Haho

This 5-bed single family in Toronto (Mimico) is available now. Want me to connect you with the agent or keep you posted on any price updates?

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Listed by Royal LePage Real Estate Associates · KYRSTEN SHELBY FEERE

Location

Approximate location — exact address confirmed upon showing

Nearby Places

Area context

Neighbourhood profile (M8Z)

This home lists at $1,798,000, about 16.2× the local median household income of $111,000.

Carrying it typically needs a household income of about $351,212 (20% down, 25-yr amortization, stress-tested) — roughly 216% above the area median.

Median household income: $111,000
Population: 19,312
Median age: 40.4
Owner / renter: 80% / 20%
Avg. household size: 2.5

Source: Statistics Canada, 2021 Census (FSA M8Z)

$1,798,000· $799/ft²

For sale

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Full Cost Breakdown

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Down Payment20% · $359,600

Min 20%50%

Mortgage payment$7,668/mo

Property tax (est.)$625/mo

Total monthly$8,293

Cash Needed to Close

Down payment (20%)$359,600

Land transfer tax$64,870

Est. closing costs$7,894

Total cash needed$432,364

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357B Melrose Street, Toronto (Mimico) - Single Family for Sale

Description

Property Details

Rooms

Features

Services

Market Timing

Location

Nearby Places

Neighbourhood profile (M8Z)

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Full Cost Breakdown

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