$1,965,000

For sale

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

547 Melrose Avenue, Toronto (Bedford Park-Nortown), Ontario, M5M2A4

3 beds3 baths5 parking900 ft²40 × 107 ft (4,280 sq ft) lot sizeListed 51 days ago

Overview

This 3-bedroom, 3-bathroom home in Toronto is for sale offering roughly 900 sq ft of space. Listed at $1,965,000, it is attractively priced about 34% below the $2,999,000 median asking price in Toronto.

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Description

Turnkey Bedford Park Living At An Exceptional Entry Point. Welcome To 547 Melrose Ave, A Move-In-Ready Family Home Set On A Generous Lot On A Fantastic, Family-Friendly Street. This Is An Incredible Opportunity To Get Into One Of Toronto's Most Sought-After Neighbourhoods Without Sacrificing The Comfort And Convenience Of A Finished Home. Bright, Updated Interiors Offer An Easy, Functional Layout With Three Bedrooms, Multiple Bathrooms, A Stylish Kitchen With Centre Island, Finished Lower Level With Recreation Room And Wet Bar, And Plenty Of Space For Everyday Family Life. Outside, Enjoy A Large Fenced Backyard With Deck And Lawn, A Private Four-Car Driveway, Plus A Detached One-Car Garage. Located In The Heart Of Bedford Park, Surrounded By Excellent Schools, Parks, Shops, Restaurants And Neighbourhood Amenities. A Rare Combination Of Turnkey Condition, A Big Lot, A Great Street And An Attainable Entry Point Into An Outstanding Family Community. Move In Now And Enjoy Everything Bedford Park Has To Offer. (id:66096)

Property Details

MLS®: C13793344
Property Type: Single Family
Bedrooms: 3
Beds (above / below): 3 above · 0 below
Bathrooms: 3
Half Baths: 1
Parking: 5
Interior Size: 900 ft²
Lot Size: 40 × 107 ft (4,280 sq ft)
Frontage: 40 ft
Storeys: 2
Basement: Finished, Separate entrance, N/A, N/A
Heating: Forced air, Natural gas
Cooling: Central air conditioning
Garage: Detached Garage, Garage
Fireplace: Yes
Ownership: Freehold

Rooms

Main level

Living room: 5.17 x 3.99 meters
Dining room: 4.9 x 2.93 meters
Kitchen: 3.6 x 4.08 meters

Second level

Primary Bedroom: 3.01 x 3.57 meters
Bedroom 2: 3.01 x 2.84 meters
Bedroom 3: 2.74 x 3.11 meters

Lower level

Recreational, Games room: 3.85 x 3.36 meters
Other: 3.09 x 2.95 meters

Room details as supplied by the listing brokerage. Dimensions are shown in the unit the listing states, and are approximate.

Features

Appliances: Washer, Refrigerator, Whirlpool, Gas stove(s), Dishwasher, Oven, Dryer, Microwave, Freezer, Oven - Built-In, Hood Fan, Window Coverings
Flooring: Hardwood, Porcelain Tile
Foundation: Unknown
Exterior: Stucco
Lot Features: Lighting, Carpet Free

Services

Water: Municipal water
Sewer: Sanitary sewer

Features and services as supplied by the listing brokerage.

Market Timing

Days on market

51d

Toronto (Bedford Park-Nortown) listings, avg age

52d

Price / ft²

$2,183

List price

$1.97M

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 3-bed single family in Toronto (Bedford Park-Nortown) has been listed for 51 days, which is 1 days fresher than the city average of 52. Act while there is still low competition.

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Listed by HARVEY KALLES REAL ESTATE LTD. · ADAM DAVID WEINER

Location

Approximate location — exact address confirmed upon showing

Nearby Places

Area context

Neighbourhood profile (M5M)

This home lists at $1,965,000, about 12.0× the local median household income of $164,000.

Carrying it typically needs a household income of about $383,833 (20% down, 25-yr amortization, stress-tested) — roughly 134% 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)

$1,965,000· $2,183/ft²

For sale

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Full Cost Breakdown

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Down Payment20% · $393,000

Min 20%50%

Mortgage payment$8,380/mo

Property tax (est.)$666/mo

Total monthly$9,046

Cash Needed to Close

Down payment (20%)$393,000

Land transfer tax$71,550

Est. closing costs$8,395

Total cash needed$472,945

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