$2,998,000

For sale

383 Melrose Avenue, Toronto (Bedford Park-Nortown) - Single Family for Sale

383 Melrose Avenue, Toronto (Bedford Park-Nortown), Ontario, M5M1Z6

5 beds5 baths3 parking2,250 ft²25 × 150 ft (3,758 sq ft) lot sizeListed 11 days ago

Overview

This 5-bedroom, 5-bathroom home in Toronto is for sale offering roughly 2,250 sq ft of space. Its $2,998,000 asking price sits right in line with the $2,999,000 median in Toronto. It has been on the market 11 days, fresher than the Toronto average of 52 days.

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Description

Custom-built in 2022, this Bedford Park smart home offers approx. 2,500SF above grade on a 25 x 150 ft. lot, with 4+1 bedrooms, 5bathrooms, a heated foyer, a custom powder room and a walk-up basement with direct garage access and a separate entrance. Quality finishes are enhanced by 10-ft. main-floor, 9-ft. upper-level and 11-ft. basement ceilings. Specialized bay windows in the living room, family room and one bedroom, multiple skylights, adjustable pot lights and fixtures provide abundant natural light. Open-concept living/dining flows into a gourmet kitchen with high-quality porcelain countertops and an oversized porcelain island featuring a waterfall design and extended breakfast bar. Premium Miele appliances include a 36-in. 6burner gas range, custom-paneled built-in fridge and freezer, speed oven, full-size oven and dishwasher. Family room features a gas fireplace, custom TV wall and walkout to a deck with BBQ grill overlooking the landscaped backyard. Primary suite offers a custom electric fireplace/TV wall, organized walk-in closet and spa-inspired 5-piece ensuite with heated floors and smart toilet. Basement offers heated floors, a nanny bedroom, full bath, rec room with garden walkout, home-office potential and cold room. Enjoy a snow-melt driveway, porch and stairs; premium interlocking and precast stone; natural front lawn; backyard artificial turf; and firepit with benches and integrated lighting. Smart-home features include security cameras, programmable front light fixture, backyard and soffit lighting, built-in indoor/outdoor sound system, select remote blinds, automatic sprinkler system, central vacuum and two laundry sets. Insulated garage with epoxy flooring and remote opener. Steps to Avenue Rd. shops and dining, top-rated schools, parks and TTC; near Yonge & Lawrence with easy Hwy. 401 access. A rare luxury home on a 150-ft. lot in one of Toronto's most desirable neighborhoods. (id:66096)

Property Details

MLS®: C14115602
Property Type: Single Family
Bedrooms: 5
Beds (above / below): 4 above · 1 below
Bathrooms: 5
Half Baths: 1
Parking: 3
Interior Size: 2,250 ft²
Lot Size: 25 × 150 ft (3,758 sq ft)
Frontage: 25 ft
Storeys: 2
Basement: Finished, Separate entrance, Walk-up, N/A, N/A, N/A
Heating: Forced air, Natural gas
Cooling: Central air conditioning, Ventilation system
Garage: Garage
Fireplace: Yes
Ownership: Freehold

Rooms

Main level

Living room: 7.85 x 3.77 meters
Foyer: 1.93 x 1.7 meters
Dining room: 7.85 x 3.77 meters
Family room: 5.53 x 5.22 meters
Kitchen: 5.53 x 5.25 meters

Second level

Primary Bedroom: 5.26 x 3.51 meters
Bedroom 2: 5.4 x 2.92 meters
Bedroom 3: 3.34 x 3.21 meters
Bedroom 4: 3.55 x 2.51 meters

Basement

Features

Appliances: Water meter, Central Vacuum, Oven - Built-In, Garage door opener remote(s), Water Heater
Flooring: Hardwood, Porcelain Tile
Foundation: Poured Concrete
Exterior: Brick
Lot Features: Carpet Free, Sump Pump

Services

Water: Municipal water
Sewer: Sanitary sewer

Features and services as supplied by the listing brokerage.

Market Timing

Days on market

11d

Toronto (Bedford Park-Nortown) listings, avg age

52d

Price / ft²

$1,332

List price

$3.00M

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 (Bedford Park-Nortown) has been listed for 11 days, which is 41 days fresher than the city average of 52. Act while there is still low competition.

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Listed by ROYAL LEPAGE REAL ESTATE SERVICES LTD. · SANDY SUN

Location

Approximate location — exact address confirmed upon showing

Nearby Places

Area context

Neighbourhood profile (M5M)

This home lists at $2,998,000, about 18.3× the local median household income of $164,000.

Carrying it typically needs a household income of about $585,614 (20% down, 25-yr amortization, stress-tested) — roughly 257% above the area median.

Median household income: $164,000
Population: 25,495
Median age: 43.2
Owner / renter: 76% / 24%
Avg. household size: 2.8

Source: Statistics Canada, 2021 Census (FSA M5M)

$2,998,000· $1,332/ft²

For sale

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Full Cost Breakdown

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Down Payment20% · $599,600

Min 20%50%

Mortgage payment$12,786/mo

Property tax (est.)$1,159/mo

Total monthly$13,944

Cash Needed to Close

Down payment (20%)$599,600

Land transfer tax$122,850

Est. closing costs$11,494

Total cash needed$733,944

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