$3,395,000 - 238 Melrose Avenue, Lawrence Park
Detached for Sale in Lawrence Park
Neighbourhood: Lawrence Park North
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- MLS Number
- C13755378
- Property Type
- Detached
- Status
- active
- Days on Site
- 29
- Bedrooms
- 5
- Bathrooms
- 6
- Square Feet
- 1,500 - 1,999 sqft
- Neighbourhood
- Lawrence Park / Bedford Park
- Taxes (2025)
- $13,902
- Listing Brokerage
- HARVEY KALLES REAL ESTATE LTD.
Spectacular Custom-Built Home In The Heart Of The John Wanless Pocket. This Beautifully Crafted Residence Offers Executive Finishes Throughout, With A Large Entertainer's Dining Room Opening To A Stunning Custom Kitchen With All The Bells And Whistles, Including Custom-Painted MDF Cabinetry, Taj Mahal Quartzite Countertops, Premium Thermador Appliances, A Large Centre Island And Breakfast Bar. The Open-Concept Layout Flows Into The Huge Sunken Family Room, Complete With Built-In Speakers, Custom Shelving, A Gas Fireplace And A Flush Walkout To The Patio And Spacious Gardens With A Built-In Hot Tub, Creating The Perfect Setting For Sun-Filled Days, Relaxed Evenings And Unforgettable Nights With Family And Friends. The Second Floor Offers High Ceilings And A Serene Primary Bedroom With A Walk-In Closet And Private 7-Piece Ensuite, Plus 3 Additional Sizable Bedrooms With Ensuite Or Semi-Ensuite Access. The Lower Level Offers Tons Of Additional Space, With A Large Recreation Room Featuring A Wet Bar, Heated Floors And A Gas Fireplace, Plus A Separate Gym, Sauna, Steam Room, Nanny/Guest Suite And Additional Bathrooms. Steps To Yonge Street, John Wanless School, Shops, Restaurants, Cafés, Transit And Everything This Incredible Neighbourhood Has To Offer. You Name It, It's There!
Estimate your monthly payments for this property
Estimated Payment
$15,017.23/mo
5-yr fixed avg.
Rates shown are estimates based on typical Ontario 5-year fixed rates. Canadian mortgages use semi-annual compounding as required by law. CMHC insurance applies to purchases under $1.5M with less than 20% down. Estimated property tax uses an approximate 0.85% rate. Contact us for current rate options and pre-approval.
Discover Lawrence Park North
Lawrence Park North is a vibrant community in the Greater Toronto Area, offering excellent amenities, schools, and transportation options. This area is popular with families and professionals seeking a balanced lifestyle with access to urban conveniences and natural spaces.
Why Live in Lawrence Park North
- •Convenient location in Lawrence Park / Bedford Park
- •Access to local shops and dining
- •Good public transit connections
- •Community parks and green spaces
- •Well-maintained neighbourhoods
Nearby Schools
Transit & Commuting
- •MiWay bus routes throughout the area
- •GO Transit stations within driving distance
- •Easy highway access to 401/403/QEW
- •Walking distance to local amenities
Parks & Amenities
- •Local parks and recreational facilities
- •Community centres
- •Shopping plazas nearby
- •Restaurants and cafes
Lifestyle & Community
Lawrence Park North offers a wonderful quality of life with a mix of residential charm and urban convenience. Residents enjoy easy access to schools, parks, and shopping, making it an ideal location for families and professionals alike.
238 Melrose Avenue, Lawrence Park / Bedford Park
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Monthly Cash Flow Breakdown
Note: These are estimates only. Actual figures may vary based on market conditions, property condition, and other factors. Consult with a financial advisor for personalized advice.
Joe's Thoughts
Honest perspective from 30+ years of GTA real estate experience
Premium Pricing
At $2263/sqft, this property is priced above the Lawrence Park average of $950/sqft. I'd want to see upgraded finishes, premium location, or recent renovations to justify this price point. During our showing, I'll point out exactly what you're paying extra for.
Market Position
At 29 days on site, this property has had reasonable exposure. It hasn't sold immediately (which often indicates overpricing), but isn't languishing either. There's likely room for a 3-5% negotiation from asking price.
Detached Home Advantages
Detached homes in Lawrence Park are increasingly scarce and valuable. You'll have no shared walls, full control over renovations, and typically stronger appreciation. Consider the lot size and potential for future additions or basement apartment income. Detached homes also offer the most flexibility for growing families.
Excellent Flexibility
With 5 bedrooms, you have genuine flexibility. Beyond the master and kids' rooms, you can have a dedicated home office, guest room, hobby space, or even rental income potential. In today's work-from-home era, extra bedrooms add significant value. Properties with 5+ bedrooms are relatively rare in Lawrence Park.
Bathroom Count Matters
With 6 bathrooms, morning routines are much smoother. Multiple bathrooms significantly improve daily livability and are a major selling point for resale. Buyers consistently pay more for adequate bathroom counts - this is a strong feature.
About Lawrence Park North
I know Lawrence Park North well from working with many buyers and sellers here. Each pocket has its own character - let me share what I've learned about this specific street and block. During our showing, I'll point out local amenities, school catchments, and what similar homes have sold for recently.