383 Melrose Ave Toronto near Avenue Road and Melrose Ave | Single Car Garage Detached home for sale

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.

Features

Facing: South
Bedrooms: 4
Bathrooms: 5
Garages: 1
Kitchens: 1

Details

Lot size: 25.03 x 150.27 Feet
Space: 2000-2500
Tax: $ 13903.68
C14115602
Listing contracted with: ROYAL LEPAGE REAL ESTATE SERVICES LTD.

Room	Size(M)	Description
Living Rm	7.85x3.77	Hardwood Floor, Bay Window, Combined w/Dining
Dining Rm	7.85x3.77	Hardwood Floor, Window, Open Concept
Family Rm	5.53x5.22	Hardwood Floor, Gas Fireplace, W/O To Deck
Kitchen	5.53x5.25	Centre Island, B/I Appliances, Breakfast Bar
Primary B	5.26x3.51	Juliette Balcony, 5 Pc Bath, Closet Organizers
2nd Br	5.40x2.92	3 Pc Ensuite, Double Closet, Window
3rd Br	3.34x3.21	Semi Ensuite, Window, Closet
4th Br	3.55x2.51	Hardwood Floor, Window, Closet
Recreatio	5.27x4.84	Walk-Up, Gas Fireplace, Above Grade Window
5th Br	3.50x2.78	Porcelain Floor, Closet, Above Grade Window
Foyer	1.93x1.70	Panelled, Coffered Ceiling(s), Closet

Bathroom	Pieces	Level
1xBath	2 pcs	Main
1xBath	5 pcs	Second
1xBath	3 pcs	Second
1xBath	3 pcs	Second
1xBath	3 pcs	Basement

Property Summary

Located close to the intersection of Avenue Road and Melrose Ave, 383 Melrose Ave is a 4+1 bedrooms 5 washrooms Detached. The unit has a Single Built-In Parking Space. The property has many nice features including Sump Pump, Separate Hydro Meter, Central Vacuum, Carpet Free, Built-In Oven and Auto Garage Door Remot. Living Room Rm, Dinning Room Rm, Family Room Rm, Kitchen and Foyer are on the Main floor.

Home Market Analysis

For Sale

For Lease

Comparable home values have decreased 9.7% compared with the same period last year.

Rent levels have increased 10.4% compared with the same period last year.

Recent Comparable Value Range

$2,220,000 – $2,780,000

Recent 6-Month Rent Range

$6,700 – $7,200/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

19.9% Higher

The asking price is above the estimated value of comparable homes.

Local Area Profile

This property is located in a predominantly owner-occupied residential area with housing made up primarily of detached homes. Approximately 71% of residents hold a bachelor's degree or higher, while about 6% have a college credential. Driving is the primary commuting method for nearly all local commuters.

School Information

Elementary Schools
Ledbury Park Elementary and Middle School (Grade: JK - 8) | School Boundary

Home school

Distance to school: 0.6 km (~10 min walk)
ST CYRIL (Grade: JK - 8)

Catholic French Immersion school

Distance to school: 5.3 km (~16 min drive)
ST MARGARET (Grade: 5 - 8)

Catholic French Immersion school

Rank: 687 out of 3022 (Score: 7.3)

Distance to school: 0.9 km (~16 min walk)
Secondary Schools
John Polanyi Collegiate Institute (Grade: 9 - 12) | School Boundary

Home school

Rank: 665/746 (Score: 3.8) 5 year average: 599/746 (Score: 4.0)

Distance to school: 2.0 km (~6 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: 1.5 km (~27 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)

Location

Community Overview

383 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, 34 Detached homes were sold at average of $3.03M. Also, the western boundary of Bedford Park-Nortown along Bathurst Street is concentrated with a large Jewish population. In 383 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. Several small parks are spread throughout the community. The most significant commercial spaces are along Avenue Road. 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.