49 Melgund Road, Toronto, ON

$2,079,000
MLS#:C8474398
5 beds
3 baths
2.0 parking
Residential Freehold
Loading property media...

This listing is no longer active (Sold)

This property has been sold, leased, or taken off the market. You can view similar active listings below.

Property Highlights

Welcome to this remarkable 3-Storey detached located in the coveted neighborhood of Casa Loma. Expertly crafted featuring premium brick and stone construction, this residence presents an exceptional opportunity offered at $2,079,000 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 3 Bathrooms
  • Premium 24.5 x 80 ft lot size
  • Features a partially finished, separate entrance basement, adding superb versatility for recreation, a home gym, or extra storage
  • 2.0 total parking spaces available
  • Notable attributes: Countertop Range
  • equipped with wall unit(s) central cooling and highly efficient water heating via gas

Description

This prized and historic south facing home is located steps from enchanting Casa Loma. Encircled by parkland and walkable ravines, this community is truly one of a kind! The first glimpse, with its covered front porch, Tudor peaks, dormers, and show-stopping front and back perennial gardens, will enchant you. Step inside to an expansive foyer adorned with stained glass, classic period details, ten-inch oak baseboards, inlaid floors, beamed ceilings, and a restored antique fireplace. The main floor offers an open yet defined flow, perfect for large gatherings and dinner parties. The open kitchen, with its island for mingling, ensures you're always part of the action. The cozy family room with its fireplace is perfect for relaxation. The primary bedroom on the second floor, with an adjoining sitting room, provides a welcoming retreat. Alternatively, if desired, the primary bedroom can also be situated on the third floor which is illuminated by six skylights and features cathedral rafter ceilings. Or this versatile space is ideal for teenagers, guests, a home office, gym, or media room. The private backyard oasis is perfect for hosting large gatherings surrounded by lush greenery. The neighborhood's charm includes the newly restored Wychwood Library, highly rated Hillcrest PS, and a community center. Its steps to the subway, Wychwood Barns, Saturday Farmers Market, trendy shops and delicacies on St. Clair and Forest Hill Village, Loblaws, Wells Hill Park, Sir Winston Churchill Park, Bishop Strachan, and Upper Canada College two of the most prestigious private schools in the country.

Schedule a Tour

Contact us to schedule a private viewing of this property.

Contact Agent

Generate CMA Report

Key Features

Bedrooms
5
Bathrooms
3
Kitchens
1
Property Type
Residential Freehold

Additional Details

StatusSold
Sold DateJuly 15, 2024
Sold price information is available to members only
Listed Date6/24/2024
Transaction TypeFor Sale

Property Details

Property Sub-TypeDetached
Architectural Style3-Storey
ConstructionBrick, Stone
BasementPartially Finished, Separate Entrance
Lot Size24.5 × 80 Feet
CountyToronto
Annual Tax$6,490
Legal DescriptionPT LT 15-16 PL D1325 TORONTO AS IN CT782022 T/W AND S/T CT782022; CITY OF TORONTO

Parking & Garage

Parking Spaces2.0
Garage Spaces2
Garage TypeNone

Heating & Cooling

Heat SourceGas
Heat TypeWater
CoolingWall Unit(s)

Features

Property Features

Fenced Yard, Public Transit, Park

Interior Features

Countertop Range

Security Features

Community Features

Location

Initializing map...
49 Melgund Road, Toronto, ON
Loading local market trends...

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 49 Melgund Road, Toronto C02, ON M5R 2A1

Estimated Sales Range
$1.2M - $1.4M

Based on 0 recent similar sales in the pocket.

Market Speed
Loading stats...

Properties in this area are selling at a steady pace.

Market Trend
Calculating trend...

Mortgage & Affordability Audit

Calculate your monthly payment, minimum downpayment, and land transfer taxes for this home in Toronto.

Information Gain SEO Widget

Configure Loan Settings

Interest Rate5.25%
Down Payment$415,800 (20.0%)
* Minimum Canadian down payment required for this price is $415,800.
Amortization Period25 Years
Estimated Monthly Payment$9,911Based on a loan of $1,663,200 over 25 years.
Purchase Price$2,079,000
Loan Amount$1,663,200
Provincial Land Transfer Tax:$38,450
Toronto Municipal Land Transfer Tax:$38,450
Total Estimated Closing Taxes:$76,900

About Purchasing a Home in Toronto, ON

For a property listed at $2,079,000 in Toronto, the legal minimum down payment is $415,800 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 $38,450 for this transaction. Since the property is located in Toronto, a municipal land transfer tax of $38,450 also applies, bringing the total estimated land transfer taxes to $76,900.

Nearby Listings

Distance:

No current listings found in Toronto.

Similar Listings Nearby

City & Neighborhood Guide

Comprehensive city-wide demographics, local real estate stats, and school rankings for Casa Loma, Toronto.

Verified Local Data
City Population2,794,356
City Median Age39.2 Yrs
City Ownership48% Owners
Avg Area List Price$2,787,592

People & Families

Age Distribution

Household Composition

One-person households
32%
Families with children
36%
Couples without children
24%
Other households
8%

Top Ethnic Origins

Chinese11%
English9%
Canadian8%
East Indian8%

Local Schools Guide

Elementary Schools

Holy Rosary
Public354 St. Clair Avenue West, Toronto, Ontario, M5P 2Y1
8.6
Hillcrest
Public44 Hilton Avenue, Toronto, Ontario, M5R 3E6
7.8
Cottingham
PublicCottingham Street, Toronto, Ontario, M4V 1E3
10.0
Huron Street
Public541 Huron Street, Toronto, Ontario, M5R 2R6
5.8
Forest Hill
PublicToronto, Ontario, M5P 2W8
8.3

Secondary Schools

Forest Hill
Public78 Dunloe Road, Toronto, Ontario, M5P 2T6
7.5

Homes & Housing

Structural Home Types

Tenure (Ownership vs Rental)

Owner-Occupied48%
Rented52%

Need more details or a custom CMA?

Generate a full market evaluation or explore city guides using the sidebar links.

Notice: Market Insights are generated by analyzing real-time data and should be used for informational purposes only. Consult with a licensed professional for exact valuations.

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.