50 Meldazy Drive, Toronto, ON
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Property Highlights
Welcome to this remarkable Bungalow detached located in the coveted neighborhood of Bendale. Expertly crafted featuring premium brick construction, this residence presents an exceptional opportunity offered at $949,999 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.
- 6 Bedrooms and 3 Bathrooms with 2 functional kitchens
- Generous living space spanning 700-1100 sqft on a premium 48 x 142 ft lot
- Features a finished, full basement, adding superb versatility for recreation, a home gym, or extra storage
- 4.0 total parking spaces available with a convenient carport configuration
- Notable attributes: Ventilation System
- equipped with central air central cooling and highly efficient forced air heating via gas
Description
Welcome to 50 Meldazy Dr - A Rare Ravine-Lot Gem with Space, Privacy & Income Potential! Discover this bright and spacious detached bungalow nestled on one of the area's most spectacular ravine lots. Offering the perfect blend of comfort, versatility, and opportunity, this 3+3 bedroom home features 1+1 kitchens, 1+2 bathrooms, and two separate entrances conveniently located inside the main entrance-ideal for multi-family living or rental income. Step inside to an inviting open-concept layout with an upgraded kitchen, modern bathrooms, and quality laminate flooring throughout. The main-floor windows were replaced in 2024 and are complemented by custom California shutters, combining style, privacy, and energy efficiency. The large, light-filled basement offers two distinct apartment spaces-each with separate entrances-featuring a second kitchen (2021) and an additional updated bathroom. It's a fantastic setup for extended family or tenants. Additional highlights include an owned hot water tank, upgraded attic insulation (2024), 200-amp electrical service, a greenhouse beside the carport, and a backyard shed. The private driveway accommodates up to four cars. Set on a beautifully landscaped, pie-shaped lot with no rear neighbours, this home backs directly onto a serene ravine surrounded by mature trees and nature. With one of the largest lots in the neighbourhood, there's ample room to build a garden suite, expand outdoor living, or simply enjoy the peaceful setting. Don't miss this exceptional opportunity to own a home that offers space, income potential, and unmatched privacy-all in a prime location!
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Pricing & Value Insights
Data-driven valuation for 50 Meldazy Drive, Toronto E09, ON M1P 4G1
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 $949,999 in Toronto, the legal minimum down payment is $70,000 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 $15,475 for this transaction. Since the property is located in Toronto, a municipal land transfer tax of $15,475 also applies, bringing the total estimated land transfer taxes to $30,950.
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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.
