138 Melrose Avenue, Toronto, ON
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Property Highlights
Welcome to this remarkable 3-Storey detached located in the coveted neighborhood of Lawrence Park North. Expertly crafted featuring premium brick construction, this residence presents an exceptional opportunity offered at $1,925,000 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.
- 5 Bedrooms and 4 Bathrooms
- Generous living space spanning 2000-2500 sqft on a premium 25 x 150 ft lot
- Features a partially finished basement, adding superb versatility for recreation, a home gym, or extra storage
- 2.0 total parking spaces available
- Notable attributes: None
- equipped with central air central cooling and highly efficient forced air heating via gas
Description
Fantastic Detached Home In The Highly Sought-After John Wanless Public School Neighbourhood, Set On A Prime 25 X 150 Ft Lot. This Charming Home Offers Generous Room Sizes And A Functional Layout, Ideal For Family Living. Featuring 5 Bedrooms And 4 Bathrooms, This Home Is Perfect For Buyers Who Need More Than A Typical 3-Bedroom, Without The Price Of A Newer 5-Bedroom Build. Move In As Is Or Renovate Over Time. Exceptional Location Within Walking Distance To The Subway, Shops And Restaurants Along Yonge St And Avenue Rd, Top-Rated Public, Middle And High Schools, Parks And Library. Convenient Access To Highway 401. A Rare Opportunity To Own In One Of The Area's Most Desirable Neighbourhoods.
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This could be the first listing for this address.
Pricing & Value Insights
Data-driven valuation for 138 Melrose Avenue, Toronto C04, ON M5M 1Y7
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 Toronto, ON
For a property listed at $1,925,000 in Toronto, the legal minimum down payment is $385,000 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 $34,975 for this transaction. Since the property is located in Toronto, a municipal land transfer tax of $34,975 also applies, bringing the total estimated land transfer taxes to $69,950.
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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.
