5 Melrose Avenue, Thorold, ON
Property Highlights
Welcome to this remarkable Bungalow detached located in the coveted neighborhood of 561 - Port Robinson. Expertly crafted featuring premium aluminum siding construction, this residence presents an exceptional opportunity offered at $299,900 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.
- 2 Bedrooms and 1 Bathroom
- Generous living space spanning 1100-1500 sqft on a premium 80 x 100.04 ft lot
- Features a crawl space basement, adding superb versatility for recreation, a home gym, or extra storage
- 4.0 total parking spaces available
- Notable attributes: Primary Bedroom - Main Floor
- Efficient forced air heating via gas
Description
Welcome to 5 Melrose Avenue in the quiet canal-side community of Port Robinson. Sitting on a spacious 80 x 100 ft lot, this 2 bedroom, 1,230 sqft bungalow offers the kind of flexibility buyers are constantly searching for but rarely find under $300,000. Designed for easy main floor living, the home features an oversized family room that could potentially be converted into a 3rd bedroom, ample parking, and a storage shed for all the extras life seems to collect. Big-ticket updates include the furnace and hot water tank, both replaced in the last 5 years.Now here's where things get interesting. Option one: roll up your sleeves, add your own personal touches over time, and break into the market at an affordable price. Option two: explore with the city the potential to demolish the existing home and sever the property into two 40 x 100 ft building lots. Option three: start fresh and build your dream home just steps from the canal in one of Niagara's hidden gem communities. Port Robinson offers a slower pace of life with small-town charm, a daily ferry crossing, and an ice cream stop locals swear by. Sometimes the best opportunities come wrapped in a little potential. This might just be one of them.
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Pricing & Value Insights
Data-driven valuation for 5 Melrose Avenue, Thorold, ON L0S 1K0
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About Purchasing a Home in Thorold, ON
For a property listed at $299,900 in Thorold, the legal minimum down payment is $14,995 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 $2,974 for this transaction. As this listing is in Thorold (outside the City of Toronto), no additional municipal land transfer tax is levied, resulting in total estimated land transfer taxes of $2,974.
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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.