247 Melrose Ave Toronto near Lawrence and Avenue | Detached home for sale

Description

A home with beautiful character, room to grow, and tremendous potential - in a location that is hard to beat. This special home offers the kind of architectural character that is increasingly difficult to find, along with the opportunity to update and make it truly your own. The main floor is filled with beautiful details, including a beamed ceiling in the dining room, elegant beveled-glass doors opening to the living room, and gorgeous newer hardwood floors. The large, bright family room offers plenty of space for family life or entertaining. With its wonderful original details and spacious layout, the home provides an inspiring foundation for a thoughtful renovation. The kitchen, bathroom and mechanical systems are ready for updating, giving the next owner the opportunity to modernize the essentials while preserving the character and charm that make this home distinctive. The basement adds significant flexibility, with abundant storage and a partially finished room formerly used as a sewing workshop - ideal for hobbies, a home office, workshop or additional recreation. Existing plumbing also provides an excellent opportunity to create a second bathroom. And then there is the location: steps from Avenue Road and just minutes from Yonge Street, with an exceptional selection of boutique shops, restaurants, cafés, grocery stores and everyday conveniences all close at hand. Parkingis another welcome advantage, with a legally widened driveway accommodating one car, plus the mutual drive providing access to the rear, where a small car can also be parked. A character-filled home with beautiful architectural details, generous living space, abundant storage and exciting potential - all in a truly fabulous, walkable location.

Features

Facing: South
Bedrooms: 3
Bathrooms: 2
Garages:
Kitchens: 1

Details

Lot size: 25.10 x 110.10 Feet
Space: 1100-1500
Tax: $ 7511.00
C14085568
Listing contracted with: BOSLEY REAL ESTATE LTD.

Room	Size(M)	Description
Living Rm	3.42x4.51	Hardwood Floor, French Doors, Large Window
Dining Rm	3.36x3.88	Hardwood Floor, Formal Rm
Kitchen	2.44x3.69	Double Sink, Galley Kitchen
Family Rm	4.28x3.58	W/O To Yard, Large Window
Primary B	4.70x3.10	Hardwood Floor, Walk-In Closet(s), Large Window
2nd Br	2.54x3.23	Hardwood Floor, Closet, Overlooks Backyard
3rd Br	2.96x3.23	Hardwood Floor, Closet, Overlooks Backyard
Workshop	5.56x4.41

Bathroom	Pieces	Level
1xBath	4 pcs	Second
1xBath	1 pcs	Basement

Property Summary

Located close to the intersection of Lawrence and Avenue, 247 Melrose Ave is a 3 bedrooms 2 washrooms Detached. The property basement is Partially Fi . The property has many nice features including Floor Drain and Carpet Free. Living Room Rm, Dinning Room Rm, Kitchen and Family Room Rm are on the Ground floor.

Home Market Analysis

For Sale

For Lease

Comparable home values have remained relatively stable compared with the same period last year.

Rent levels have decreased 3.7% compared with the same period last year.

Need a More Precise Value?

Contact Alan Zheng for a detailed analysis using recent nearby sales and property-specific features.

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Recent 6-Month Rent Range

$4,250 – $4,650/month

How This Home Compares

Market Temperature

Balanced Market

Strong SellerSellerBalancedBuyerStrong Buyer

Supply and recent sales are relatively balanced for similar homes.

Typical Selling Time

15 Days

Similar homes are selling in about 15 days, broadly in line with last year.

Price Position

Need a More Precise Value?

Contact Alan Zheng for a detailed analysis using recent nearby sales and property-specific features.

Contact Alan

Local Area Profile

This property is located in a predominantly owner-occupied residential area with housing made up primarily of detached homes. Approximately 81% of residents hold a bachelor's degree or higher, while about 3% have a college credential. Driving is the primary commuting method for nearly all local commuters.

School Information

Elementary Schools
John Wanless Junior Public School (Grade: JK - 6) | School Boundary

Home school

Rank: 231 out of 3022 (Score: 8.3)

Distance to school: 0.3 km (~5 min walk)
Glenview Senior Public School (Grade: 7 - 8) | School Boundary

French Immersion school

Distance to school: 1.2 km (~22 min walk)
ST CYRIL (Grade: JK - 8)

Catholic French Immersion school

Distance to school: 5.2 km (~16 min drive)
BLESSED SACRAMENT (Grade: 5 - 8)

Catholic French Immersion school

Rank: 175 out of 3022 (Score: 8.5)

Distance to school: 1.0 km (~18 min walk)
Secondary Schools
Lawrence Park Collegiate Institute (Grade: 9 - 12) | School Boundary

French Immersion school

Rank: 8/746 (Score: 9.5) 5 year average: 24/746 (Score: 8.4)

Distance to school: 1.0 km (~18 min walk)
Marshall McLuhan (Grade: 9-12)

Catholic AP program school

Rank: 291/746 (Score: 6.6) 5 year average: 222/746 (Score: 6.8)

Distance to school: 2.6 km (~8 min drive)
Loretto Abbey (Grade: 9-12)

Catholic French Immersion school

Rank: 259/746 (Score: 6.8) 5 year average: 205/746 (Score: 6.9)

Distance to school: 1.3 km (~23 min walk)

Location

Community Overview

247 Melrose Ave is at the Heart of Bedford Park-Nortown Community. The boundary of the Bedford Park-Nortown runs from Bathurst Street on the west to Highway 401 on the north, Avenue Road and Yonge Street on the east, and Hillhurst Boulevard, Coldstream avenues and Brooke Avenue on the south. The community can be divided into three neighbourhoods: Cricket Club at the northeast, Ledbury Park at the northwest, and Caribou Park at the South. Close to Yonge Street, Highway 401, Bathurst Street and Avenue Road, home seekers can also find several condo buildings and rental apartments, which provide entry-level opportunities to live in the community. In past 3 months, 33 Detached homes were sold at average of $3.04M. Also, the western boundary of Bedford Park-Nortown along Bathurst Street is concentrated with a large Jewish population. In 247 Melrose Ave neighbourhood, you will find many residents are Jewish, English, Scottish, Irish, and Polish. York Mills subway station is northeast of the community's boundary. Nearby Armour Heights Community Centre offers Gymnastics, Dances, Sports, Martial Arts and many programs to infants and teens. Along Bathurst Street, shoppers can also find much Jewish food and gift shops, restaurants, bakeries and many service stores. Bedford Park-Nortown is an affluent community. Many upper-income families choose this area because of excellent private and public schools, close approximate to downtown Toronto, and convenient access to Toronto's transit system.