$5,500/mo - 263 Melrose Avenue, Lawrence Park
Detached for Rent in Lawrence Park
Neighbourhood: Lawrence Park North
- MLS Number
- C13534516
- Property Type
- Detached
- Status
- active
- Days on Site
- 26
- Bedrooms
- 3
- Bathrooms
- 3
- Square Feet
- 2,000 - 2,499 sqft
- Neighbourhood
- Lawrence Park / Bedford Park
- Listing Brokerage
- HOME LAND PLUS REALTY LTD.
Fantastic rental opportunity in prime John Wanless neighborhood! This spacious family home boasts a stunning main floor family room addition with cathedral ceiling and skylights, creating a bright and inviting atmosphere. The thoughtful design promotes seamless flow between the kitchen, dining room, and family room, enhancing everyday living. Enjoy the convenience of a main floor powder room and a private primary bedroom with ensuite bathroom. The basement adds to the appeal with an excavated rec room below the family room, a workout room, a laundry room, and a workshop/utility room. The property features a generous 150' deep South-facing lot, offering a lovely backyard with greenery and a charming interlocking brick patio. Parking is a breeze with a detached garage for one car and additional front yard parking. This home is situated in one of the city's best locations, close to all amenities. Don't miss the chance to secure this outstanding rental property as your new home!
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.
263 Melrose Avenue, Lawrence Park / Bedford Park
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How this lease stacks up against the local rental market
Estimated Monthly Budget
Things to Confirm Before Signing
· Are utilities included, or separate?
· How many parking spots are included?
· Is the landlord open to a 1-year or 2-year lease?
· Are pets and small renovations (paint, hooks) allowed?
· When was the last rent increase, if there is a prior tenant?
Utility estimates are approximate and vary by season, habits, and what the landlord includes. Always confirm inclusions with the listing agent.
Joe's Thoughts
Honest perspective from 30+ years of GTA real estate experience
Above Market Rent
At $5,500/mo, this is asking above the typical 3-bedroom rent of ~$3,500/mo in Lawrence Park. That premium needs to be justified — newer finishes, included parking, a premium location, or utilities included. I'll help you assess whether it's worth it or whether there's room to negotiate.
Market Position
At 26 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.
Starter Home Potential
3 bedrooms works well for couples planning families or small families with one child. Consider whether you might outgrow the space in 5-7 years. If so, factor in potential moving costs when making your decision. Alternatively, some buyers convert a bedroom to an office and make it work long-term.
Bathroom Count Matters
With 3 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.