403 Melrose Ave Toronto near Avenue Rd & Lawrence Ave W | Double Car Garage Detached home for sale

Description

Welcome To 403 Melrose Avenue, A Never-Lived-In Residence Where Custom Details And Extraordinary Attention To Craftsmanship Are Evident Throughout. Offering Approx. 4,800 Sq Ft Of Total Living Space, Set On A 35 X 150 Ft Lot, A Depth Rarely Found In Midtown Toronto, With A Heated Driveway, South-Facing Garden, 250 Sq Ft Composite Deck And Walkout Lower Level. Offering 4+1 Bedrooms And 6 Bathrooms, The Home Features Approx. 10-Ft Main And 9-Ft Second-Flr Ceilings, Wire-Brushed American White Oak Herringbone Floors With Antique Brass Inlay, Bespoke Millwork And Elegant Arched Openings. Large Windows And An Arteriors Chandelier Fill The Home With Light, While Arched Steel-And-Glass French Doors Open To The Living Rm/Office. The Custom Two-Tone Kitchen Pairs Painted And White Oak Cabinetry With Polished Monte Canyon Quartzite, A Micro-Cement Hood Fan And Island Base, And Built-In Miele Appliances. The Verias Green Marble Pantry Includes A Prep Sink, Beverage Fridge And Hidden Second Dishwasher. A Wall-To-Ceiling Wood-Panelled Feature Wall With Art Niches Separates The Dining And Family Rooms, Where A Three-Sided Linear Gas Fireplace Anchors The Space. Upstairs, Every Bedroom Has Its Own Ensuite With In-Floor Heating. The Primary Suite Features Custom Built-Ins, An Electric Fireplace, Window Bench And Millwork Dressing Rm With Concealed Entry, Plus An Ensuite With His-And-Hers Showers, White Oak Vanity And Italian Porcelain. Children's Bedrooms Feature Wall-To-Wall Custom Built-Ins. The Walkout Lower Level Offers Radiant Heated Floors, Rec Room, Wet Bar, Nanny Suite And Direct Garage Access. Google Home Automation And Motorized Blinds Complete The Home. Close To Avenue Road And The 401. New Taxes Have Yet To Be Assessed.

Features

Facing: South
Bedrooms: 4
Bathrooms: 6
Garages: 2
Kitchens: 1

Details

Lot size: 35.00 x 150.00 Feet
Space: 3000-3500
Tax: $ 9276.79
C14118092
Listing contracted with: MCCANN REALTY GROUP LTD.

Room	Size(M)	Description
Living Rm	5.65x3.66	Picture Window, B/I Shelves, Hardwood Floor
Kitchen	6.50x3.79	B/I Appliances, Centre Island, Hardwood Floor
Dining Rm	7.56x2.49	Window, Overlooks Family, Hardwood Floor
Family Rm	7.56x5.53	Gas Fireplace, W/O To Patio, Hardwood Floor
Primary B	5.50x4.93	Walk-In Closet(s), Electric Fireplace, 5 Pc Ensuite
2nd Br	5.78x3.72	Picture Window, B/I Shelves, 3 Pc Ensuite
3rd Br	4.67x3.68	Window, Hardwood Floor, 4 Pc Ensuite
4th Br	5.53x3.04	Window, Hardwood Floor, 4 Pc Ensuite
Recreatio	7.47x5.72	W/O To Yard, Hardwood Floor, Pot Lights
Br	3.24x3.99	Window, Hardwood Floor, Pot Lights

Bathroom	Pieces	Level
1xBath	2 pcs	Main
2xBaths	4 pcs	Second
1xBath	6 pcs	Second
1xBath	3 pcs	Second
1xBath	3 pcs	Lower

Property Summary

Located close to the intersection of Avenue Rd & Lawrence Ave W, 403 Melrose Ave is a 4+1 bedrooms 6 washrooms Detached. The unit has a Double Built-In Parking Spaces. The property has many nice features including Built-In Oven. Living Room Rm, Kitchen, Dinning Room Rm and Family Room Rm are on the Main floor; Recreation Roomreatio and Br are on the Lower floor.

Home Market Analysis

For Sale

For Lease

Comparable home values have increased 4.9% compared with the same period last year.

Rent levels have remained relatively stable compared with the same period last year.

Recent Comparable Value Range

$2,990,000 – $3,480,000

Recent 6-Month Rent Range

$6,300 – $7,650/month

How This Home Compares

Market Temperature

Seller's Market

Strong SellerSellerBalancedBuyerStrong Buyer

Inventory conditions currently favour sellers of similar homes.

Typical Selling Time

12 Days

Similar homes are selling in about 12 days, broadly in line with last year.

Price Position

23.6% 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: 0.5 km (~9 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 (~36 min walk)
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: 1.6 km (~28 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

403 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. While most houses were initially constructed between 1890 and 1950, many have been torn down and redeveloped into multi-million dollar modern homes. In past 3 months, 33 Detached homes were sold at average of $3.04M. About 21% of the population in the Bedford Park-Nortown community is a visible minority. In 403 Melrose Ave neighbourhood, you will find many residents are Jewish, English, Scottish, Irish, and Polish. Car commuters can quickly get on the route and conveniently travel in all directions. The Armour Heights Public Library is located at Wilson and Avenue Road. 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.