250 Melrose Avenue, King, ON
Property no longer active
This property was sold on December 2, 2024. This listing is for reference purposes only. to view the sold price.
Property Highlights
Welcome to this remarkable 2-Storey detached located in the coveted neighborhood of King City. Expertly crafted featuring premium stone and board & batten construction, this residence presents an exceptional opportunity offered at $3,175,000 to acquire a beautiful home in a highly sought-after setting. Designed for both comfortable daily living and elegant entertaining, the layout maximizes natural light, functional flow, and lifestyle utility.
- 3 Bedrooms and 4 Bathrooms
- Generous living space spanning 3000-3500 sqft on a premium 195.94 x 585.61 ft lot
- Features a finished with walk-out basement, adding superb versatility for recreation, a home gym, or extra storage
- 9.0 total parking spaces available with a convenient attached configuration
- Notable attributes: Auto Garage Door Remote, Central Vacuum, ERV/HRV
- equipped with central air central cooling and highly efficient forced air heating via gas
Description
Welcome to 250 Melrose Avenue, a truly rare gem in the heart of King City. This beautifully designed and renovated home by Baeumler Quality Construction, seamlessly blends modern sophistication with timeless charm. Nestled on an expansive and private 2.85-acre lot along the tranquil Humber River, this home offers a serene oasis while remaining conveniently close to all amenities. Boasting over 4,000 sq. ft. of beautifully designed living space, this residence is the perfect fusion of elegance, warmth, and functionality. The main floor features an open and airy layout, highlighted by a bright living area with soaring ceilings and a cozy gas fireplace. The chefs kitchen, equipped with a spacious island and ample prep space, is ideal for both culinary adventures and casual entertaining, flowing effortlessly onto a wraparound deck for picturesque outdoor dining. The elegant dining room offers stunning views of the Humber River, while the study provides a sophisticated workspace with custom built-ins. The second-floor primary suite is a true retreat, bathed in natural light and featuring vaulted ceilings, a seating area, a Juliet balcony, a custom walk-in closet, and a luxurious 5-piece ensuite with heated floors and a deep soaking tub. Generously sized secondary bedrooms with custom closets, a well-appointed laundry room, and a hallway overlooking the living space below complete the upper level. The fully renovated lower level offers a versatile recreation room with a gas fireplace, built-in shelving, ample storage, and a walk-out patio perfect for relaxing or hosting guests. Located within highly regarded school districts and just minutes from transit, the GO Station, highways, shops, restaurants, parks, and nature trails, this property combines convenience with unmatched tranquility. Its no wonder King City continues to be one of the most sought-after neighborhoods. Don't miss this exceptional opportunity to make this dream home your own!
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Property Summary
This detached home located at 250 Melrose Avenue, King is currently for sale and has been available on SousaSells for 605 days. This property is listed at $3,175,000 with an estimated mortgage of $10,568* per month. It has 3 beds, 4 bathrooms, and is 3000-3500 square feet. 250 Melrose Avenue, King is in the King City neighborhood.
* Estimated mortgage assumes a 30% down payment, 4.00% interest rate, and 30-year amortization.Key Features
Additional Details
Property Details
Parking & Garage
Heating & Cooling
Features
Property Features
Cul de Sac/Dead End, Greenbelt/Conservation, Park, Public Transit, River/Stream, School
Interior Features
Auto Garage Door Remote, Central Vacuum, ERV/HRV, Storage
Security Features
Community Features
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Location
Property History
No historical data available for this property.
This could be the first listing for this address.
Pricing & Value Insights
Data-driven valuation for 250 Melrose Avenue, King, ON L7B 1J7
Based on 0 recent similar sales in the pocket.
Properties in this area are selling at a steady pace.
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About Purchasing a Home in King, ON
For a property listed at $3,175,000 in King, the legal minimum down payment is $635,000 under current Canadian banking regulations. This calculation applies a 5% requirement on the first $500,000, 10% on the next $499,999, and a flat 20% on any amount exceeding $1,000,000.
Additionally, buyers in Ontario must budget for the Provincial Land Transfer Tax, which is estimated at $65,850 for this transaction. As this listing is in King (outside the City of Toronto), no additional municipal land transfer tax is levied, resulting in total estimated land transfer taxes of $65,850.
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Disclaimer: AI Insights are generated by an automated system and should be used for informational purposes only. While we strive for accuracy using current market data and deep-learning models, these assessments do not constitute professional real estate, legal, or financial advice. All property values, predictions, and scores are estimates. We strongly recommend verifying all property details and conducting independent due diligence with a licensed professional before making any purchase decisions.