503 Melrose Avenue, Toronto, ON

$2,749,000
MLS#:C12080432
4 beds
5 baths
2000-2500 sqft
6.0 parking
Residential Freehold
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This listing is no longer active (Sold)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 2-Storey detached located in the coveted neighborhood of Bedford Park-Nortown. Expertly crafted featuring premium brick and stone construction, this residence presents an exceptional opportunity offered at $2,749,000 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.

  • 4 Bedrooms and 5 Bathrooms
  • Generous living space spanning 2000-2500 sqft on a premium 33.33 x 107 ft lot
  • Features a finished basement, adding superb versatility for recreation, a home gym, or extra storage
  • 6.0 total parking spaces available with a convenient built-in configuration
  • Notable attributes: Auto Garage Door Remote, Central Vacuum, Sump Pump
  • equipped with central air central cooling and highly efficient forced air heating via gas

Description

Upgraded Home in High-Demand Bedford Park! Welcome to this stunning, upgraded residence nestled in one of Toronto's most sought-after neighbourhoods- Bedford Park, just west of Ledbury. Ideally located near top-rated schools, public transportation, easy walk to Avenue Road restaurants and shops and quick access to Hwy 401, this home offers comfort and convenience. Enjoy soaring 9 ft 8 ceilings and gleaming hardwood floors throughout the main level, creating a sense of openness and warmth. The open-concept living and dining rooms are perfect for entertaining, while the bright kitchen overlooks a cozy sunken family room with an 11 ft high ceiling, complete with updated halogen pot lights and a cozy fireplace. Also from the kitchen, you can walk out onto a spacious south deck that overlooks the park. The sliding doors also have a 3M coated film on them to reduce heat from sunlight. A main floor powder room adds ease for guests. The striking spiral staircase with a glass block side wall leads to the upper level, where you'll find a bright large skylight and four spacious bedrooms.The primary suite features a dramatic high ceiling, a walk-in closet with custom organizers, a cozy fireplace and a luxurious 4-piece ensuite with double sinks and a large separate seamless glass shower. An additional family bedroom includes its own 3-piece ensuite, ideal for guests or teens. The family bathrooms & powder room in the home have been thoughtfully upgraded with modern finishes and attention to detail. The lower level offers a full 4-pc bathroom and a large exercise area that can easily be converted back into an additional bedroom or recreation space. Large storage area located under the staircase is a bonus + extra large storage area in the garage. Direct access to the double-car garage, provides added practicality and privacy. The exterior boasts a beautiful interlock driveway that enhances curb appeal and offers ample space for additional parking. Don't miss out on this one!

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Key Features

Bedrooms
4
Bathrooms
5
Kitchens
1
Living Area
2000-2500 sqft
Property Type
Residential Freehold

Additional Details

StatusSold
Sold DateApril 17, 2025
Sold price information is available to members only
Listed Date4/14/2025
Transaction TypeFor Sale

Property Details

Property Sub-TypeDetached
Architectural Style2-Storey
ConstructionBrick, Stone
BasementFinished
Lot Size33.33 × 107 Feet
CountyToronto
Annual Tax$9,899.6
Legal DescriptionPt L t161-162 Pl 2370

Parking & Garage

Parking Spaces6.0
Garage Spaces4
Garage TypeBuilt-In

Heating & Cooling

Heat SourceGas
Heat TypeForced Air
CoolingCentral Air

Features

Property Features

School, Public Transit, Place Of Worship, Park, Fenced Yard

Interior Features

Auto Garage Door Remote, Central Vacuum, Sump Pump

Security Features

Alarm System, Smoke Detector

Community Features

Location

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503 Melrose Avenue, Toronto, ON
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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 503 Melrose Avenue, Toronto C04, ON M5M 2A1

Estimated Sales Range
$1.2M - $1.4M

Based on 0 recent similar sales in the pocket.

Market Speed
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Mortgage & Affordability Audit

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

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Interest Rate5.25%
Down Payment$549,800 (20.0%)
* Minimum Canadian down payment required for this price is $549,800.
Amortization Period25 Years
Estimated Monthly Payment$13,105Based on a loan of $2,199,200 over 25 years.
Purchase Price$2,749,000
Loan Amount$2,199,200
Provincial Land Transfer Tax:$55,200
Toronto Municipal Land Transfer Tax:$55,200
Total Estimated Closing Taxes:$110,400

About Purchasing a Home in Toronto, ON

For a property listed at $2,749,000 in Toronto, the legal minimum down payment is $549,800 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 $55,200 for this transaction. Since the property is located in Toronto, a municipal land transfer tax of $55,200 also applies, bringing the total estimated land transfer taxes to $110,400.

Nearby Listings

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City & Neighborhood Guide

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

Verified Local Data
City Population2,794,356
City Median Age39.2 Yrs
City Ownership48% Owners
Avg Area List Price$1,168,404

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

St Monica
Public14 Broadway Avenue, Toronto, Ontario, M4P 1T4
6.9
Deer Park
Public23 Ferndale Avenue, Toronto, Ontario, M4T 2B4
6.9
St Anselm
Public182 Bessborough Drive, Toronto, Ontario, M4G 3J9
8.7
Blythwood
PublicToronto, Ontario, M4G 0A6
9.4
Our Lady of Perpetual Help
Public1 1/2 Garfield Avenue, Toronto, Ontario, M4T 1E6
9.7

Secondary Schools

North Toronto
Public17 Broadway Avenue, Toronto, Ontario, M4P 1T7
8.4
Northern
Public851 Mount Pleasant Road, Toronto, Ontario, M4P 2L5
8.2
Marshall McLuhan
Public1107 Avenue Road, Toronto, Ontario, M5N 3B1
7.2
Leaside
Public200 Hanna Road, Toronto, Ontario, M4G 3N8
9.1
Forest Hill
Public78 Dunloe Road, Toronto, Ontario, M5P 2T6
7.5

Homes & Housing

Structural Home Types

Tenure (Ownership vs Rental)

Owner-Occupied48%
Rented52%

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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.