360A Melrose Street, Toronto, ON
Property Highlights
Welcome to this remarkable Sidesplit 4 vacant land located in the coveted neighborhood of Mimico. Offering a sublime balance of structural integrity and modern aesthetic appeal, this residence presents an exceptional opportunity offered at $998,000 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.
- 0 Bedrooms and 0 Bathrooms
- Premium 25 x 125 ft lot size
- Convenient other garage included
- Notable attributes: None
- Efficient forced air heating via gas
Description
Rare Permit-Issued Individual Building Lot Opportunity - 360 Melrose A/B. Listing Price Is For One Proposed 25 Ft X 125 Ft Lot Only; Full Two-Lot Package Also Available. Attention Builders, Investors, And End Users. Severance Approved With City-Assigned Address And Building Permit Issued For An Architecturally Distinct Modern/Contemporary Detached Home Designed By The Renowned Contempo Studios, Offering Over 2,100 Sq. Ft. Above Grade And Over 2,950 Sq. Ft. Including Basement. All Architectural Drawings, Working Drawings, And Construction Drawings Have Been Completed And Paid For. Permission To Remove Trees Has Been Granted. Buyer Can Start Construction Right Away With The Major Planning, Design, Severance, Tree, And Permit Work Already Completed. Existing Detached 4-Bedroom Bungalow With Basement Currently On Site, Offering Flexibility To Build A Shovel-Ready Project Now Or Hold And Build Later. Ideal For A Builder, Investor, Or End User Looking To Build A Custom Home In A Convenient Etobicoke Pocket, Minutes To Mimico, The Queensway, Sherway Gardens, Major Highways, Parks, Schools, Transit, And Everyday Amenities. Seller Is An HCRA/Tarion Licensed Builder And Can Build For The Purchaser.
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Property Summary
This vacant land located at 360A Melrose Street, Toronto is currently for sale and has been available on SousaSells for 27 days. This property is listed at $998,000 with an estimated mortgage of $3,322* per month. It has 0 beds, 0 bathrooms, and is unknown square feet. 360A Melrose Street, Toronto is in the Mimico neighborhood.
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* Estimated mortgage assumes a 30% down payment, 4.00% interest rate, and 30-year amortization.Ideal for small families, couples, or individuals seeking a manageable and comfortable living layout in Mimico, Toronto.
- •Desirable Vacant Land architecture in Mimico, Toronto
First-time home buyers, professionals, or investors seeking value.
Key Features
Additional Details
Property Details
Parking & Garage
Heating & Cooling
Features
Property Features
None listed
Interior Features
- None
Security Features
None listed
Community Features
None listed
Frequently Asked Questions about 360A Melrose Street, Toronto, ON
Q.What is the asking price for 360A Melrose Street, Toronto, ON ?
The current listing price for 360A Melrose Street, Toronto, ON in Mimico, Toronto is $998,000.
Q.How many bedrooms and bathrooms does this property have?
This property features 0 bedrooms and 0 bathrooms.
Q.What property type and architectural style is 360A Melrose Street, Toronto, ON ?
360A Melrose Street, Toronto, ON is a Vacant Land (Sidesplit 4) featuring a basement.
Q.What interior features are included in this home?
Interior highlights include: None.
Q.What heating and cooling systems are installed?
Heating is provided via Gas and cooling via .
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Pricing & Value Insights
Data-driven valuation for 360A Melrose Street, Toronto, ON M8Z 1G8
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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 $998,000 in Toronto, the legal minimum down payment is $74,800 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 $16,435 for this transaction. Since the property is located in Toronto, a municipal land transfer tax of $16,435 also applies, bringing the total estimated land transfer taxes to $32,870.
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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.